Ethereum is trading at $3,780 after falling 6% in the last 24 hours and 13% over the past week. Despite the pullback, market analysts are split on where the asset could move next.
While some charts suggest a shift in momentum, others point to a completed retest and the potential start of a new upward trend.
Analyst Expects New Leg Toward $10K
Crypto analyst Michaël van de Poppe believes Ethereum may be preparing for its next leg upward. He noted that the asset recently completed a key retest and may break to new highs soon. In his view,
“In the coming days, maybe 1–2 weeks, a new leg on ETH starts.”
He also added that the retest of the previous resistance zone appears complete, which could open the door for a breakout. Van de Poppe suggested this move could potentially bring Ethereum closer to the $10,000 mark, assuming momentum builds in the short term.
On the ETH/BTC pair, Ethereum is holding above a support level near 0.033 BTC, which had acted as resistance earlier in the
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