Ethereum at the point of breakthrough in new ‘Risk-on’ cycle

The well-known Dutch crypto analyst Michael van de Poppe sees strong signals that Ethereum (ETH) is preparing for a powerful outbreak. In a series of recent tweets, he points to the solid consolidation phase in which ETH is located, after an earlier increase of 90%. According to him, the area is an important resistance around $ 2,800: if it is broken, the next price step towards $ 3,400 – $ 3,500 is obvious. At the same time, he mentions $ 2,575 as the level that has to stand to keep the upward trend going.

$ETH is looking for a big breakout as it’s building up for one.

A strong consolidation of more than a month after the first 90% move upwards.

I assume we’ll start to see a leg to $3,400-3,500 if it breaks the resistance at $2,800.

The area to hold: around $2,575. pic.twitter.com/e8vtXRq5if

– Michaël van de Poppe (@Cryptomichnl) June 10, 2025

Van de Poppe looks at the market from different perspectives. He points out that Ethereum since the peak in 2021 no less than 75% of its value compared to Bitcoin has lost. But since the low point in April 2025, the Ethereum Course rather 34% rose compared to BTC. According to him, this points to a change in market sentiment. “Ethereum has surpassed Bitcoin in the past two months-that is a powerful signal that we enter a positive ‘risk-on’ cycle,” said the analyst.

It all depends on what framework you’ll be using.

Since the peak in 2021, $ETH has lost 75% of its value against Bitcoin.

Since the bottom in April 2025, $ETH has gained 34% in value against Bitcoin.

It all depends which one of the two will be most vital going forward.

The…

– Michaël van de Poppe (@Cryptomichnl) June 9, 2025

According to Van de Poppe, the well -known market game repeats: Bitcoin is the first to move, after which capital moves to Ethereum and other altcoins. Although this temporarily puts pressure on the ETH/BTC race, he sees opportunities in this phase. He regards the region between 0.02150 and 0.02350 BTC as an attractive accumulation area. He expects Ethereum to rise strongly again as soon as Bitcoin stabilizes.

In summary, Van de Poppe believes that Ethereum is in a preparation phase for a new upward movement. The relative strength of ETH opposite BTC, combined with the wider market cycle, indicates that there may be a major shift. Investors who anticipate a persistent ‘risk-on’ period, in particular Altcoin Koersen Usually, according to him, it is good to keep a close eye on Ethereum.