Crypto analyst Michaël van de Poppe expressed optimism regarding Ethereum's potential for further price growth, expecting it to hit $4,100 before a consolidation phase.
New Outlook on Ethereum
Michaël van de Poppe suggests that Ethereum has the potential for continued growth, defying earlier expectations of a short-term pullback. In a recent post, he noted that the anticipated correction never materialized, indicating underlying strength in the current uptrend. 'I think we’ll sweep [the $4,100] level and consolidate for a little,' he stated.
Current Market Metrics
At the time of writing, Ethereum was trading at approximately $3,861.44—up 4.37% over the past week. With a market cap exceeding $466 billion and daily trading volume topping $36 billion, Ethereum is showing renewed strength in the market.
Expectations and Prospects
Market sentiment appears to support further gains, fueled by optimism around Ethereum’s expanding role in real-world tokenization, institutional DeFi, and growing ETF speculation following its spot ETF approval earlier this year. Traders are closely watching to see whether Ethereum breaks this key level or if it stalls for a consolidation phase before the next leg higher.
Overall, the bullish trend for Ethereum appears set to continue, with attention focused on reaching the $4,100 level before a possible correction.
