Ethereum: Van de Poppe Sets $3,000 Target After Lows Sweep

Michaël van de Poppe sees ETH heading to $3,000 after the recent sweep of lows triggered the usual bearish consensus that now looks primed for reversal.

Price currently sits at $2366.1 inside the Bollinger band with upper resistance at $2380.5. A clean flip of $2,400 would mark the deviation beneath the low and ignite the grind higher toward the first target zone at $2,800 then $3,000-3,100.

With price testing upper Bollinger resistance at $2380.5 while the 50-EMA at $2364.06 acts as immediate support and the 200-EMA at $2467.46 caps the longer-term trend, the MACD golden cross at -4.78 and neutral RSI at 54.39 point to continuation once $2,400 clears, pulling in fresh longs and forcing short liquidations before any deeper retracement.