Major ETH Support in Sight—Will it Trigger the Bounce?
According to analyst Michaël van de Poppe, Ethereum is undergoing a healthy market reset after failing to sustain a recent breakout.
The asset tested resistance at $2,600 but couldn’t push higher, triggering a liquidity sweep on the long side.
With the rally stalling, van de Poppe now expects ETH to seek lower levels to collect new liquidity before initiating another upward move.
Key Support Zone: $2,400 in Focus
Van de Poppe highlights $2,400 as the next logical level for a test. This area could act as a launchpad for the next bullish leg, especially if the price stabilizes and reverses upward from there.
“I wouldn’t be surprised if we see a test at $2,400 before we reverse,” he noted.
Trend Still Favors Bulls
Despite the pullback, van de Poppe maintains a bullish bias. He points out that the broader trend has already shifted upward, which makes this correction a potential buying opportunity rather than a cause for concern.
In his view, Ethereum remains a dip-buying setup, with the market simply resetting before the next move. Traders watching for continuation should keep an eye on $2,400 as a key support.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
