The technical structure suggests that panic selling has ceased and the asset is entering a consolidation phase.
Last week was turbulent for the crypto market, with deep corrections forcing Ethereum (ETH) into its most critical phase. Now, despite volatility and extreme fear, the second-largest cryptocurrency by market capitalization shows signs of stabilization.
Some experts in the field assert that this resilience against Bitcoin (BTC) could foreshadow a stronger recovery in the short term. This behavior has been historically notable during early rotation phases, when buyers quietly accumulate ETH.
At the time of writing this note, Ethereum is trading around $2,825, and its price is reacting surprisingly firmly to the recent pullback. The sharp drop below $2,900 was met with immediate buying activity, establishing a stabilization zone near the $2,800 region.
This consolidation has halted the downward momentum and suggests that buyers are attempting to regain control, even in a tense macro context.
Analysis by Michaël van de Poppe shows notable signals, emphasizing Ethereum’s stability against Bitcoin. He describes this as a “strong sign” and underscores that the ETH/BTC pair remains within a broad support region that he considers an “ideal zone for buys.”
The chart shows that the pair has not collapsed despite Bitcoin’s sharp volatility, a pattern that often precedes periods when Ethereum begins to outperform BTC. Van de Poppe suggests that if Bitcoin is indeed forming a bottom now, Ethereum could be the asset that benefits most clearly and quickly.
Technically, the ETHUSDT chart shows a descending channel pattern. Ethereum recently rebounded from the channel’s lower boundary, reclaiming a short-term trendline that had been lost. This event is a clear indication that bearish momentum is losing strength.
The price behavior shows buyers repeatedly defending the same support zone. If they maintain this foothold, the path toward the upper channel line becomes realistic and could serve as the next target for a relief move.
Furthermore, market indicators strengthen the recovery narrative. The 14-Day RSI sits near 41, leaning toward the oversold region without showing weakness severe enough to risk a deeper collapse.
Short-term forecasting models project a move toward $3,171, implying that a moderate rebound remains statistically favored as long as the current support holds.
Ultimately, the unusual strength ETH/BTC in fearful conditions suggests that Ethereum is laying the groundwork for potential outperformance as the market recovers.
