Ethereum is poised for a breakout after a period of consolidation, according to crypto analyst Michaël van de Poppe.
Van de Poppe highlighted the accumulation of liquidity at multiple price points as a sign of a potential price rise for Ethereum.
Ethereum's stability amidst market volatility and consolidation phase is seen as a precursor to a significant price jump.
Van de Poppe emphasized the importance of good fundamentals and increasing institutional interest, citing over $1 billion Ethereum ETF inflows in June.
The chart analysis by Van de Poppe shows Ethereum's support regions and frequent rebounds, indicating a strong foundation for a potential rally.
The support level in the chart and the presence of higher lows suggest a bullish trend in Ethereum's price movements.