Ethereum’s powerful rally continues, with the price surging to a new multi-year high of $4,400 on Tuesday following the release of favorable CPI data.
But even as the market turns bullish, one top analyst is laying out the key levels to watch if a healthy pullback does occur.
Analyst: A Pullback to $3,600 Would Be a Buying Opportunity
In his latest analysis, Michaël van de Poppe noted that while ETH has broken out, a healthy retrace to the $3,600 – $3,800 range would present a prime opportunity to accumulate more. He gives this zone a 70% chance of acting as a strong springboard for the price to bounce and continue higher.
I’m still keen on more upside in the next months, but I’m concerned to see what $ETH will do if we test $4,100.
Wouldn’t be surprised if we’re going to be seeing some more downwards momentum towards $3,600-3,800. pic.twitter.com/a8jiycJlqK
— Michaël van de Poppe (@CryptoMichNL) August 12, 2025
He further noted that breaking below the $3,600 – $3,800 range could see Ethereum’s price drop lower and test the $3,400 region. However, the analyst believes only external factors, such as geopolitical developments, could trigger such a move and leave ETH with a 30% chance for a rebound.
Is this an “ETH Season”? Ethereum’s rally is so strong, it’s outshining the rest of the market. Here’s our analysis on how ETH’s moonshot is affecting altcoins.
ETH gained 215% since April 2025
In the meantime, Ethereum has maintained a bullish momentum, trading at $4,281, per TradingView’s data. The cryptocurrency has maintained significant momentum for the past eight weeks, highlighting the digital token’s bullish outlook for 2025.
An overview of Ethereum’s performance in 2025 shows that it has recovered from the early crash of Q1 2025. The flagship altcoin has gained over 215% since the first week of April, recovering the initial losses from the beginning of the year and setting the tone for widespread discussion about a new all-time high.
It is worth noting that $4,100 marks a crucial level that resisted Ethereum’s rally multiple times over a long period. The digital asset has flipped that level into support, and remaining above it will fortify its bullish sentiment, preparing it for more upside movement in the current altcoin season.
What about tomorrow? The macro view is bullish, but what’s the next 24-hour move? Here is CoinEdition’s ETH price prediction for August 13.
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