Michael van de Poppe names conditions for Ethereum’s growth to $ 4100

The Ethereum rate has recovered to around $ 3500, but for further growth, the asset needs to overcome the resistance zone of $ 3800−3900. This was stated by analyst Michael van de Poppe, noting that it is the breakthrough of this range that will open the way to new highs. Investor Ted Pillows added that Ethereum tried to gain a foothold above $ 3700, but the price fell. According to him, if it overcomes this level, the next target will be the $ 4000−4100 zone.

A trader under the pseudonym Crypto-ROD also called these price limits key for further movement, while analyst Jelle noted that the coin’s dynamics now depends on the activity of buyers. «If we lose the current area, we will get an unpleasant deviation. The sooner we get back above $ 4000, the better,» he said. Investors are currently holding about 4.2 million ETH, purchased at an average price between $ 3600 and $ 3815, which forms a potential resistance zone.

Glassnode’s data shows that Ethereum stocks on Binance have fallen to their lowest level since May 2024. A CryptoQuant contributor under the nickname Arab_Chain noted that the available supply ratio of ETH fell to 0.0327, continuing the downward trend. A decrease in the amount of coins available for sale is usually seen as a bullish signal, as it reduces pressure on the market and maintains price stability.

According to Arab_Chain, this trend may indicate a change in investor behavior from profit-taking to asset accumulation. «If the current decline in Ethereum stocks on Binance continues, we may see a liquidity shortage that will support price stabilization and a gradual return to the uptrend,» the expert said. At the same time, he warned that weak demand or a decline in network activity could cause sideways price movements or a short-term decline.

Leon Weidmann, head of research at the Onchain Foundation, emphasized that about 10% of the total ETH issue remains on centralized exchanges. According to him, this demonstrates a large-scale transfer of assets to staking, DeFi, and long-term storage. Such a deficit, the analyst emphasizes, creates fundamental support for further growth of the Ethereum price in the long term.