Ethereum Price Outlook: Analyzing the Recent Bounce and Potential Lows

As cryptocurrency markets continue to fluctuate, Ethereum (ETH) has caught the attention of traders with its recent price movements. According to trader Michaël van de Poppe, the defined price boxes on ETH remain valid, suggesting that while the asset has experienced a solid bounce, it may not be convincing enough to signal a sustained upward trend. In his analysis shared on August 4, 2025, van de Poppe highlighted the possibility of ETH revisiting its recent lows before pushing toward new all-time highs (ATHs). This perspective aligns with broader market sentiments where ETH is navigating key support and resistance levels amid ongoing volatility in the crypto space.

For traders eyeing ETH/USD or ETH/BTC pairs, understanding these boxes is crucial. Typically, these refer to consolidation zones or range-bound areas on the chart where price has historically bounced or rejected. Based on van de Poppe's view, ETH's bounce from lower levels—potentially around the $2,500 to $2,800 support zone as observed in recent weeks—shows resilience but lacks the volume and momentum to break higher convincingly. Trading volumes on major exchanges have been moderate, with 24-hour volumes hovering around $15-20 billion in recent sessions, indicating hesitation among buyers. If ETH fails to hold above critical resistance at $3,200, a retest of lows near $2,400 could materialize, offering short-term trading opportunities for those positioning for a dip-buy or short-selling strategies.

Key Support and Resistance Levels for ETH Traders

Diving deeper into technical indicators, Ethereum's price action suggests a potential descending channel, with the recent bounce testing the upper boundary. Moving averages, such as the 50-day SMA around $3,000, are acting as immediate hurdles. On-chain metrics further support this cautious outlook; for instance, Ethereum's network activity, including daily active addresses and transaction volumes, has dipped slightly, reflecting reduced user engagement that could pressure prices lower. Traders should watch for a break below the $2,600 support level, which has held firm in past corrections, as it could accelerate selling toward $2,200—a level last seen during mid-2024 dips. Conversely, a convincing close above $3,400 with increased volume might invalidate the bearish thesis and pave the way for a rally toward previous ATHs around $4,800.

From a broader market perspective, ETH's performance is intertwined with Bitcoin (BTC) dominance and macroeconomic factors like interest rate expectations. If BTC continues its sideways movement around $60,000, ETH could face correlated downside risks. Institutional flows, as tracked by on-chain data from sources like Glassnode, show mixed signals with some whale accumulation at lower levels, hinting at long-term optimism. For trading strategies, consider stop-loss orders below key supports to manage risks, and look for RSI divergences on the 4-hour chart for entry points. Overall, van de Poppe's analysis underscores a wait-and-see approach: revisit lows for better entry points before chasing new highs, potentially setting up ETH for a stronger bull run later in 2025.

In terms of trading opportunities, scalpers might exploit intraday volatility within these boxes, targeting quick profits on bounces from support. Long-term holders, however, could accumulate during dips, anticipating Ethereum's upgrades like potential scalability improvements to drive future value. Remember, cryptocurrency trading involves high risks, and it's essential to combine technical analysis with fundamental news, such as regulatory developments or ETF inflows, to make informed decisions.