Ethereum is beginning to mirror Bitcoin’s bullish momentum, rising steadily as market confidence builds. After weeks of consolidation, price action is now operating against a key resistance area, signaling that a breakout may be near. With momentum the building and structure are becoming more and more bullish, a movement is now taking shape.
Breakout Brewing: Why ETH Structure Signals Impending Upside
Michaël van de Poppe, in a recent market updatesuggested that ETH is preparing to follow Bitcoin’s upward trajectory. The analyst, who described his levels in euros, highlighted a steady and controlled rise, with ETH now approaching a crucial level. burst level around €2,070 ($2,430).
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Price action continued to test this resistance zone without significant rejection. Such repeated attempts generally weaken a resistance level over time as sell orders are absorbed and buyers gain confidence. With each retest, the probability of a breakout increases, indicating a potential shift into a stronger bullish phase.
Beyond the immediate barrier, he identified €2,350 ($2,759) and €2,900 ($3,400) as the next key resistance areas to watch. These levels could serve as interim checkpoints, but the overall trend suggests that momentum may not easily stop at the first hurdle.
A rejection around €2,350 would likely be considered a weak outcome, especially after almost three months of consolidation below the current resistance band. Prolonged consolidation phases often lead to explosive moves, meaning a deeper push towards €2,900 (around $3,400) appears more consistent with the buildup seen on the charts.
Momentum across the altcoin walk could accelerate further if Bitcoin continues its climb towards the $84,000-$87,000 range. In this scenario, Ethereum could not only achieve its projected EUR targets, but also pave the way for an even more aggressive bullish phase.
Ethereum “Movin’ On Up”: Momentum Grows Over Timelines
Donald Dean common a bullish outlook on Ethereum, noting that the daily and weekly charts are aligning for a strong upward move. His analysis highlights an improving structure across time frames, suggesting that ETH may be entering a phase of sustained momentum.
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On the daily chart, price shows a clear movement against a key volume shelf, with the next major pivot and target being around $2,970. This level could serve as a launching pad for further upside if momentum continues to build. Based on Fibonacci projections, the golden ratio of 1.618 points to a significantly higher target near $6,941.
From a weekly perspective, ETH is bouncing off strong support, with historical trends indicating a 200% move potential, similar to previous cycles. The 1.618 extension over this time frame is slightly higher at $7,332, placing the daily and weekly projections closely aligned around the $7,000 region, a confluence that strengthens the case for a significant upside down expansion.
Featured image from iStock, chart from Tradingview.com
