“Everybody is waiting for that ultimate confirmation, but that never comes,” Michael van de Poppe stated. In early June, the second-largest cryptocurrency was last observed trading above the $2,000 psychological threshold, and it has since experienced a decline of 60% on an annual basis. Despite the downturn, numerous analysts perceive potential for upside, while others contend that the prevailing conditions signify an excellent buying opportunity. As this time, ETH is valued at approximately $1,880, with certain market participants seemingly poised for definitive confirmation that the cycle’s nadir has been reached before they engage in buying activity. Michael van de Poppe asserts that the opportune moment never arrives, stating that the ideal time to position oneself in ETH is, in fact, at this very moment.
Van de Poppe indicated that he would not be astonished to witness a significant increase in the upcoming months, projecting a rally to $3,000 within a span of days or weeks. Shortly after, the analyst contended that “a volatile move” is on the horizon, indicating that ETH’s range is diminishing day by day and that a pump may be forthcoming. Other commentators who have also recently addressed Ethereum include Ali Martinez and Gerla. The former opined that the drop to $1,580 in June was the launchpad for a potential upcoming rally, setting $3,000 as the target. Martinez observed that this level has historically served as a precursor to significant revivals on several occasions. X user Gerla exhibited heightened optimism, identifying an RSI signal that has historically preceded a significant price surge.
That said, the analyst posits that the forthcoming movement could propel ETH to a new all-time high exceeding $10,000. Multiple elements suggest that ETH may indeed be positioned for a significant rise. Recently, source disclosed that substantial investors, defined as those possessing between 10,000 and 100,000 coins, along with “mega-whales,” have been accumulating assets with notable intensity since the middle of 2025. Simultaneously, smaller participants have been liquidating their positions, a scenario that is generally interpreted as a bullish indicator.
The next factor on the list is the quantity of ETH held on exchanges, which remains close to a 10-year low. This indicates that a significant number of investors have shifted their assets from centralised platforms to self-custody, thereby diminishing the immediate selling pressure. Lastly, we will focus on the institutional interest in ETH. Since the beginning of July, spot Ethereum ETFs have experienced a significant influx of capital, potentially setting the stage for a prospective upward price movement.
