<ul data-eligibleForWebStory="true"><li>Analyst Michaël van de Poppe suggests Ethereum is undergoing a healthy market reset after failing to sustain a recent breakout.</li><li>Van de Poppe notes the asset tested resistance at $2,600 but faced challenges in pushing higher, leading to a liquidity sweep on the long side.</li><li>Expectations are for ETH to seek lower levels to gather new liquidity before resuming an upward trajectory, with $2,400 identified as the next crucial level.</li><li>Van de Poppe anticipates a potential test at $2,400 before a reversal occurs, highlighting this level as a possible launching point for a new bullish phase.</li><li>Despite the current correction, the overall trend favors bulls according to van de Poppe, making this dip a probable buying opportunity rather than a worrisome sign.</li></ul>

Major ETH Support in Sight—Will it Trigger the Bounce?

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