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Crypto analyst van de Poppe sees strong buying interest returning at reclaimed support zone.
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Ethereum bounces back from key support, aims for $2,100 in coming weeks.
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Fidelity’s Ethereum ETF sees $17.9 million outflow, raising short-term liquidity concerns.
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Despite ETF outflows, Ethereum trades at $1,831 with recent 3.34% price increase.
Ethereum, the second-largest cryptocurrency by market cap, has started to rise after a long period of steady prices. Popular crypto expert Michael van de Poppe believes Ethereum is showing signs of recovery and could reach $2,100 in the next few weeks.
But what’s behind this prediction, especially when Ethereum’s ETF saw $17.9 million in outflows today? Let’s break it down.
Ethereum Holds Strong, Eyes $2,100 Target
According to van de Poppe, the recent bounce from the $1,740–$1,837 range is more than just a small uptick, it’s a strong bullish signal. This area was previously supported, and after dropping below it in April, ETH has now reclaimed it.
$ETH is hodling above the crucial level and starts to bounce upwards.
I think we’ll be about to witness a big breakout to $2,100 in the coming 1-2 weeks. pic.twitter.com/p10vYV6ueX
— Michaël van de Poppe (@CryptoMichNL) May 7, 2025
That means buyers are showing interest again, which could push the price higher.
The chart also shows a potential next target around $2,105. If ETH manages to hold its current level and break past resistance, this target could be hit in the coming 1–2 weeks.
This price level isn’t random, it’s where Ethereum last faced major resistance, and a clean break above it could signal the start of a broader rally. And if ETH breaks, the price could rise even more.
ETH Trading Activity Slows Down
At the same time, Ethereum’s trading activity is slowing down, and that might help. Recent data from CryptoQuant shows smaller and lighter trading volume bubbles, meaning fewer big trades and less sudden movement.
CryptoQuant analyst Darkfost says this slowdown could make the market more stable. When there’s less trading during a price drop, it helps ease pressure and gives buyers and sellers more time to think.
ETH spot volume is cooling
“Ethereum spot volume is cooling off, and that might actually be a good sign… This could also potentially ease the selling pressure that’s been weighing on the market.” – By @Darkfost_Coc pic.twitter.com/xVXqT5oLry
— CryptoQuant.com (@cryptoquant_com) May 6, 2025
Together, these signs suggest Ethereum might be finding its strength again, with a calmer market and room to climb.
$17.9 Million Ethereum ETF Outflow
Despite some bullish signals, Farside Investors reported a notable outflow of $17.9 million from Ethereum ETFs on May 6, 2025. The entire outflow came from the Fidelity Ethereum ETF (FETH), while other major ETFs showed no change. As a result, this might put some short-term pressure on ETH prices and affect the overall liquidity in the cryptocurrency sector.
As of now, the Ethereum price is trading around $1831, reflecting a $3.34% seen in the last 24 hours, with a market cap hitting seen in the last 24 hours.
