Ethereum (Eth) is quiet but steadily moving upward, suggesting that this could be attributed to an increase in accumulation.
He also predicts that “explosive altcoin season may be turning the corner.”
POPPE: ETH/BTC chart shows bullish construction, key breakout of the eye
Poppe shared a detailed analysis of the ETH/BTC Daily Chart. This revealed that the pair recently support the 0.023-0.024 BTC region (levels previously identified as essential zones). The pair is currently integrated just under a 0.02884 BTC resistor. This is an area that previously served as a strong supply zone with multiple rejection phases earlier this year.
In particular, current price action forms a bullish structure. It’s higher and lower after breaking out over many years of downward channels. This suggests that Ethereum is no longer bleeding compared to Bitcoin, and there could be a reversal of the trend.
Related: Extraordinary security measures in an extraordinary era at Ethcc Cannes
Ethereum (Eth) is quiet but steadily moving upward, with renowned crypto analyst Michaël Vande Poppe suggesting that this could be due to an increase in accumulation. He also predicts that “explosive altcoin season may be turning the corner.”
Source: Michael Van de Poppe
If ETH/BTC breaks above the 0.02884 BTC level, it negates the long-standing decline and unlocks capital turnover from Bitcoin to Ethereum and the wider Altcoin market.
Institutional benefits are rising: Rubin tips for key players building Ethereum
Joe Lubin, co-founder and consensy CEO of Ethereum, has recently hinted at deep conversations with major sovereign wealth funds and banks from a large, unnamed country. These agencies are reportedly investigating the possibility of building infrastructure directly into the Ethereum blockchain through its basic layer and layer 2 network.
This comes when Rubin believes that the global financial system is approaching a breakpoint. With increasing structural fatigue, worsening middle class wealth, and unsustainable financialization practices, Ethereum could emerge as the basis for a new, decentralized financial paradigm.
Related: Ethereum’s Pectra Update feature EIP-7702 becomes a wallet drainer tool
ETH/USDT Technical: Bullish Momentum Building, Important Resistance
Turning to the Eth/USDT Daily Chart, Ethereum is currently trading around $2,630 after a sharp recovery from the $2,320 level. Using the recent swing-to-high Fibonacci retracement level, the price consistently respects the 0.382 level as short-term resistance at $2,698.
The break above this will focus on the next price targets: $2,814 (0.5 FIB) and $2,931 (0.618 FIB). On top of these, the psychological level is $3,097 and the 1.618 extension is $3,921, which serves as a high probability long-term target if momentum continues.
Source: TradingView
The RSI hovered at nearly 63, indicating bullish strength, but still rising further into the room that is not yet oversupported. Meanwhile, the MACD histogram is narrowed with a blue MACD line that threatens to cross over the signal line. This setup usually precedes bullish continuance, especially when backed up by volume and macrocatalysts.
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