Ethereum (ETH) appears to be planning a pump, and X’s well-known cryptocurrency analyst Michael Van de Poppe thinks it’s a good place to retest a $3,000 region.
In his latest analysis, Van de Poppe shared a detailed breakdown of Ethereum’s daily charts, highlighting the key levels of supporting his bullish outlook.
Let’s get $3,000 per $ETH. pic.twitter.com/mvvf5f83tg
– Mycal Van de Poppe (@cryptomichnl) July 2, 2025
Crypto analysts highlighted how Etherem has tested resistance levels multiple times within the last two months. According to Van de Poppe, testing and retesting will act as “stamina accumulation” by Etherem, as the cryptocurrency prepares its next leg upwards.
Related: Ethereum (ETH) price forecast for July 3rd
Meanwhile, Ethereum has slipped out of its sideways towards the end of June, reaching its seasonal $2,113. The decline was short-lived as prices quickly surpassed low support in the horizontal range from the second week of May. According to Van de Poppe, the pullback allowed cryptocurrency to acquire liquidity at a low price before returning to range in preparation for a surge.
Why is the $2,400 level so important to Ethereum?
Ethereum priced at $2,400 Respect for the region and, as highlighted by Van de Poppe, bouncing back support multiple times. He thinks it as a “springboard” that pushes the $2,400 level into the next rally phase. He believes that buildings of this level of momentum are strong enough to break the current lateral range limit and pave the clear path to their $3,000 goal.
TradingView data shows that Ethereum was trading at $2,449 at the time of writing, reflecting a 3.32% surge since early Wednesday.
Related: See why Solana, Ethereum and SUI are on the radar of all traders in July
The surge occurs after a two-day pullback with crypto assets dropping by 5.68%, down from $2,524 to $2,372 local low. However, Crypto analysts are optimistic that Ethereum’s rebounds will begin the next rally phase and mark a profitable season for top Altcoin.
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