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.”

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The chart reinforces this view, showing divergence on the RSI alongside clear loss of momentum. Two key support blocks are outlined, with the lower block seen as a high-probability accumulation zone. The wider market appears to be entering a cautious phase, and van de Poppe suggests that ETH’s drop could offer a compelling opportunity for mid- to long-term bulls.

This view contrasts with other analysts like Mike Novogratz, who still believe Ethereum may finish the year near $4,000. For now, however, van de Poppe warns that traders should prepare for further volatility and monitor technical levels closely.