Ethereum: Accumulation Call Hits Key Support

Ethereum draws fresh accumulation interest after a deep correction, with Michaël van de Poppe highlighting the CLARITY Act vote in June and peaking global yields as reasons to buy the dip rather than wait.

The tweet notes that rising Japanese bond yields erode DeFi edges, recent exploits added pressure, and daily RSI below 30 sets up mean reversion potential once ETH/BTC reaches the 0.0260 zone.

Technical Confluence on the 4H Chart

Price at $2128.56 sits inside the Bollinger Bands with upper resistance at $2150.52 and lower support at $2102.71, while the bearish structure keeps price below both EMA50 at $2179.89 and EMA200 at $2244.22. MACD has printed a bullish golden cross at -13.71 even as RSI(14) holds neutral at 43.08, suggesting any bounce from the lower band could target the 50-EMA before fresh downside tests the 0.0260 ETH/BTC level.