Ethereum tested $3,800 resistance four times, showing strength growth from buyers.
Van de Poppe expects a short dip before Ethereum shoots towards the $4,000 level.
As Bitcoin gathers towards $120,000, Ethereum and altcoin can become caught up in a strong upward momentum.
The agency poured $13.9 billion into Ethereum ETFS this week, marking an 11-week inflow.
Ethereum, the second-largest cryptocurrency with a market capitalization of $453 billion, has tested strong resistance levels over and over again, and may be ready to break through in the end. Meanwhile, crypto analyst Michael Van de Poppe believes Ethereum could soon reach $4,000, especially if Bitcoin continues to rise to $120,000.
So is Ethereum preparing for its next big rally for the first time in over a year?
Strong resistance, but no actual drops yet
Crypto analyst Michael Van de Poppe had hoped Ethereum would fall before a big move, but that didn’t happen. Instead, ETH continued to climb, testing the $3,750-$3,800 zone four times. This is a sign that buyers are getting stronger.
The Van de Poppe chart suggests that if ETH shakes its long position first, it could immerse ETH in $3,250. But even if that happens, the overall trend still looks bullish.
I was expecting to see some kind of deeper fix for $eth, but it didn’t come.
Given that there were already four tests of resistance, we can see that when #bitcoin goes to $120K+, $ETH becomes $4K and #Altcoins offers a double digit return. pic.twitter.com/id7jpduzem
– Mycal Van de Poppe (@cryptomichnl) July 26, 2025
However, Ethereum has already risen 138% from its annual low, showing strong patterns like reversed heads and shoulders and bullish pennants. These often appear before a major price increase.
If your ETH breaks with good volume above $3,800, you could potentially shoot straight towards $4,000 much faster than most people would expect.
The role of Bitcoin in the big picture
Furthermore, Michael believes Ethereum’s next big move is closely tied to Bitcoin. If Bitcoin can succeed at its popular target of $120,000, it could act like a spark that lights up the Altcoin market.
In that case, Ethereum can easily shoot past $4,000, and many Altcoins can earn double-digit profits.
ETF influx fuels bullish emotions
Plus, the growing interest from Ethereum institutional investors drives that price. According to Sosovalue, Ethereum ETF saw an influx of over $13.9 billion this week.
This is lower than last week’s $2.18 billion, but the facility has only purchased it for 11 consecutive weeks.
This stable demand shows that Ethereum still believes there is room for running.