Ethereum (ETH) continues its quiet but steady upward movement, and crypto analyst Michaël van de Poppe is hinting that this could be due to rising accumulation.
He also predicts that an “explosive altcoin season might be just around the corner.”
Poppe: ETH/BTC Chart Shows Bullish Structure, Eyes Key Breakout
Poppe shared a detailed analysis of the ETH/BTC daily chart which revealed that the pair recently held support around the 0.023-0.024 BTC region, a level previously identified as a must-hold zone. The pair is now consolidating just under the 0.02884 BTC resistance, an area that previously acted as a strong supply zone during multiple rejection phases earlier this year.
Notably, the current price action is forming a bullish structure: a higher low after a breakout above a long-standing descending channel. This suggests that Ethereum is no longer bleeding relative to Bitcoin and a trend reversal may be in the making.
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Ethereum (ETH) continues its quiet but steady upward movement, and prominent crypto analyst Michaël van de Poppe is hinting that this could be due to rising accumulation. He also predicts that an “explosive altcoin season might be just around the corner.”
Source: Michaël van de Poppe
If ETH/BTC breaks above the 0.02884 BTC level, it would invalidate the long-standing downtrend, unleashing capital rotation from Bitcoin into Ethereum and the broader altcoin market.
Institutional Interest Grows: Lubin Hints at Major Players Building on Ethereum
Ethereum co-founder and Consensys CEO, Joe Lubin, recently hinted at deep conversations with major sovereign wealth funds and banks from a large, unnamed nation. These institutions are reportedly exploring the possibility of building infrastructure directly on the Ethereum blockchain–both on its base layer and via Layer 2 networks.
This comes at a time when Lubin believes the global financial system is approaching a breaking point. With rising structural fatigue, deteriorating middle-class wealth, and unsustainable financialization practices, Ethereum may emerge as a cornerstone of a new decentralized financial paradigm.
Related: Ethereum’s Pectra Update Feature EIP-7702 Becomes a Tool for Wallet Drainers
ETH/USDT Technicals: Bullish Momentum Builds, Key Resistance Ahead
Turning to the ETH/USDT daily chart, Ethereum is currently trading around $2,630 after a sharp recovery from the $2,320 level. Using Fibonacci retracement levels from the recent swing low to high, the price has consistently respected the 0.382 level at $2,698 as short-term resistance.
A break above this would bring $2,814 (0.5 Fib) and $2,931 (0.618 Fib) into focus as the next price targets. Above these, the psychological level at $3,097 and the 1.618 extension at $3,921 serve as high-probability longer-term targets if momentum continues.
Source: TradingView
The RSI is hovering near 63, indicating bullish strength but not yet overbought–providing room for further upside. Meanwhile, the MACD histogram is narrowing with the blue MACD line threatening to cross back above the signal line. This setup typically precedes bullish continuation, especially if backed by volume and macro catalysts.
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