Crypto analyst Michael van de Poppe, assessing Ethereum's ($ETH) latest technical prospects, stated that the bullish scenario is gaining strength. According to the analyst, the higher lows and higher highs formed on the daily chart of $ETH indicate the possibility of an upside breakout.
Van de Poppe noted that Ethereum's daily chart "looks better every day," and highlighted the $1,870 and $2,000 levels within the current market structure.
In the analyst's view, if $ETH falls below the $1,870 level, the decline could be quite rapid due to high liquidity zones below the price. In such a scenario, $ETH could drop below $1,700 and then recover.
However, Van de Poppe believes the current technical structure supports upward rather than downward movement. Noting the continued formation of higher lows and higher highs in Ethereum's price, the analyst therefore sees a higher probability of an upside breakout.
$2,000 is a Critical Threshold for Ethereum
According to Van de Poppe, if Ethereum decisively breaks above the $2,000 mark, the upward move could become quite sharp. The analyst stated that after such a breakout, he does not expect $ETH to linger for long at significant resistance levels, and a surge similar to some rapid price moves observed in 2025 could occur.
Van de Poppe noted that during its rise, $ETH might face short-term resistance around $2,200, adding that this could be an intermediate level within a larger movement.
The analyst's primary upside target is the $2,800 level. Accordingly, a decisive breakout above $2,000 could first push Ethereum's price to the $2,200 level, and then to $2,800.
On the other hand, the $1,870 level stands out as a critically important support level in the bearish scenario. Van de Poppe warns investors that if this level is broken, a rapid movement of liquidity downwards towards the $1,700 level could occur.
*This is not investment advice.
