Ethereum Price Heading Toward $2.000: Analyst Sees Upward Trend

The Ethereum price is showing positive movement and is currently trading around $1.850, up 0.7% in the past 24 hours. Crypto analyst Michaël van de Poppe states that a breakout above $2.000 in the near future is highly likely, pointing to a clear upward trend that has been underway for some time.

Ethereum is available at OKX and Bybit.

Ethereum holds crucial support

According to Van de Poppe, everything revolves around the support level of $1.780. As long as the Ethereum price remains above that level, he sees the trend as intact and bullish. The chart clearly shows that former resistance levels are now acting as support, a classic sign of an upward trend reversal.

The analyst indicates that investors should not overcomplicate the situation. The picture is clear: Ethereum is breaking through previous resistance zones, consolidating above them, and making higher lows. In his view, this pattern unmistakably points in one direction.

Next price targets between $2.200 and $2.400

Van de Poppe cites $2.200 to $2.400 as his next price targets for Ethereum. That represents a potential increase of roughly 20% to 30% from the current price. The chart shows that this price area previously featured significant levels, making it particularly interesting as a potential resistance zone.

Ethereum’s recent price action shows a rising pattern on the lower timeframes, with moving averages also starting to bend upwards. Whether the price actually manages to break through $2.000 largely depends on whether support at $1.780 holds during any potential pullback.