Ethereum continues its impressive rally this week, climbing above $3,850 with fresh momentum that could push it toward a key resistance level near $4,100.
Crypto analyst Michaël van de Poppe believes ETH has more room to run before facing major consolidation, defying earlier expectations of a short-term pullback.
At the time of writing, ETH is trading at approximately $3,861.44 — up 4.37% over the past seven days. With a market cap exceeding $466 billion and daily trading volume topping $36 billion, Ethereum is showing renewed strength across both spot and derivatives markets.
Van de Poppe noted in a recent post that the correction he anticipated never materialized, signaling underlying strength in the current uptrend. “I think we’ll sweep [the $4,100] level and consolidate for a little,” he said, pointing to a target zone just above the current levels before a potential pause.
A chart shared by the analyst highlights a clear upward trajectory since early June, with Ethereum breaking through key resistance zones around $2,800 and $3,200. The next major target: the psychological barrier at $4,100, which ETH briefly touched in March 2024 before retracing.
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 Ethereum’s spot ETF approval earlier this year.
As ETH approaches this key level, traders will be watching closely to see whether the asset breaks through and enters price discovery — or stalls for a consolidation phase before the next leg higher. Either way, the bulls are firmly in control — for now.
