Ethereum’s strong rally continues, with prices surged to a new multi-year high of $4,400 on Tuesday following the release of lucrative CPI data.
But even if the market gets bullish, one top analyst is laying out key levels to monitor whether a healthy pullback is occurring.
Analyst: Pullback to $3,600 is a purchase opportunity
In his latest analysis, Michael Van de Poppe noted that a healthy retrace to the $3,600-$3,800 range would be a great opportunity to accumulate more while the ETH is broken. He gives this zone a 70% chance that it will serve as a powerful stepping stone to keep prices bounce back and forth.
I’m still more upside down for the next few months, but I’m worried about what $ETH will do if I test $4,100.
You wouldn’t be surprised if you could see momentum further downwards towards $3,600-$3,800. pic.twitter.com/a8jiycjlqk
– Michael Van de Poppe (@cryptomichnl) August 12, 2025
He further said that if it falls below the $3,600-$3,800 range, Ethereum prices will drop and it will allow the $3,400 region to be tested. However, analysts believe that only external factors such as geopolitical development can trigger such movements, leaving ETH at 30% of the chances of rebounding.
Is this “ETH season”? Ethereum’s gatherings are very strong and outweigh the rest of the market. Here’s an analysis of how Eth’s Moonshot affects Altcoins:
ETH has increased by 215% since April 2025
In the meantime, Ethereum has been trading at $4,281 per TradingView data, maintaining bullish momentum. Cryptocurrency has maintained significant momentum over the past eight weeks, highlighting the bullish prospects for digital tokens for 2025.
An overview of Ethereum’s performance in 2025 shows that it recovered from the early crash in the first quarter of 2025. The flagship Altcoin has been above 215% since the first week of April, recovering its initial losses from the start of the year and setting the tone of broad debate about new highs.
It is noteworthy that $4,100 marks a critical level of resistance to Ethereum rallies multiple times over the long term. Digital assets reflect that level in support, and by staying on top of it, they reinforce that bullish sentiment and prepare for more reverse moves in the current Altcoin season.
How about tomorrow? Macro views are bullish, but what will be the next 24 hours? This is the ETH price forecast for Coindition on August 13th.
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