Experienced analyst and trader Michael van de Poppe predicted that the Ethereum price will fall before the beginning of August 2025.
ETH is consolidating well. This suggests that the uptrend has started. First there was a strong impulse from $1,600 to $2,700, then there will be a period of consolidation before a breakthrough to $3,500-$4,000, Michael wrote.
According to the chart published by van de Poppe, the bulls failed to break through the resistance zone in the range from $2,650 to $2,850, so the price of Ethereum began to correct towards $2,500 and is now at $2,525. The expert believes that the downward movement will continue until kriptovalyuta will not fall to about $2,100. This mark marks the lower boundary of the support zone, where there will be high demand for digital assets.
Ethereum price movement on a chart compiled by Michael
According to van de Poppe, the bearish trend will end by the beginning of August, and the price of ETH will go up, pushing off the support barrier. If the expert’s forecast comes true during the upward movement kriptovalyuta rises to $4,000, then buying coins at the bottom will almost double your capital. However, the bullish trend will encounter strong resistance at $3,000, and it is not a fact that buyers will be able to storm this barrier on the first try.
The main bottoms have already been reached, and only formal corrections are ahead, suitable for the accumulation of Ethereums, — investor Mincho Eftimov commented on Michael’s post.
