Ethereum Faces Bearish Divergence, $3,000–$3,100 Seen as Key Buy Zonе
Crypto analyst Michaël van de Poppe has reiterated his bearish short-term stance on Ethereum (ETH), highlighting signs of market correction that he first flagged last week.
In a new chart analysis, van de Poppe points to a clear bearish divergence on the lower timeframes (LTF), signaling a likely downward move for ETH after its recent rally toward $4,000.
According to the analyst, the primary bounce zone lies near $3,300, a level where he estimates a 70% chance of recovery. However, if macro or geopolitical events intensify risk-off sentiment, he expects a deeper retracement into the $3,000–$3,100 range—which he calls “the best entry of the second half of the year.”
The chart reinforces this view, showing…
