According to van de Poppe, Ethereum’s recent rebound from the $3,800–$3,900 demand zone is an encouraging signal for traders watching the next major move. He described the structure as “magnificent,” emphasizing that the higher low formation could be the foundation for a sharp upswing within the next one to two weeks.

Technical indicators also hint at a potential recovery phase. On the daily chart, ETH is trading around $4,100, with momentum consolidating after a brief pullback from $4,400.

The RSI hovers near neutral territory around 50, indicating that the market has reset from overbought levels and could be primed for another leg upward. Meanwhile, the MACD remains slightly negative but is showing early signs of convergence, which may precede a bullish crossover if buying volume increases.

Chart patterns reinforce the idea of a strong base forming above $3,900. The area between $3,700 and $3,900 has repeatedly acted as solid support, absorbing selling pressure throughout October. A decisive move above $4,300 could open the door for a retest of $4,600, followed by potential price discovery if the breakout gains traction.

Van de Poppe’s optimistic outlook aligns with broader market sentiment as traders anticipate renewed momentum across major altcoins following Bitcoin’s consolidation phase. Should Ethereum maintain its higher low structure, the coming weeks may see the asset reclaim dominance within the DeFi and Layer-1 ecosystem narrative.

As of now, Ethereum trades at approximately $4,097, slightly down 0.6% on the day. Still, traders are closely watching this level as a potential launchpad for the next upward leg.