Ethereum Price Prediction to New ATH has Something to Do with Bitcoin & Gold
Expert trader Michael van de Poppe eyes a new all-time high for Ethereum based on two major reasons.
According to an analysis he shared on X, the ETH/BTC pair appears to have bottomed out, setting the stage for a potential new leg upward.
At the same time, gold’s parabolic rise could soon trigger a major “risk-on” shift across the global market.
Such a move has historically redirected capital flows to crypto assets like Ethereum.
In his chart, van de Poppe highlights how ETH/BTC has completed a deep corrective phase after a prolonged downtrend that stretched through 2022 and 2023.
The pair recently rebounded sharply, posting a strong 44% rally before pulling back toward what he describes as the “ideal zone for buys.”
This retracement, he notes, is typical after a first strong recovery from a market bottom.
The structure suggests that Ethereum’s relative weakness against Bitcoin may be approaching an end. The current consolidation phase sits just above a critical support region between 0.026 and 0.028 BTC.
Historically, such zones have marked accumulation phases before a new upward cycle begins.
If this area holds, van de Poppe anticipates a gradual continuation toward higher highs as momentum returns to the altcoin market.
Moreover, he points to the broader macro environment as a catalyst. Gold’s steep and extended rally indicates that traditional safe havens may be overheated.
A potential correction in gold prices could spark renewed appetite for risk assets, particularly cryptocurrencies.
This fundamental setup, combined with Ethereum’s technical recovery, forms the foundation of van de Poppe’s bullish outlook.
Bull Flag Targets Ethereum Price Rally to $6,800
Ethereum’s recent price action is confirming a classic bullish pattern that technical traders have been watching for weeks.
The breakout from the bull flag formation marks a strong continuation signal following months of consolidation.
After a steady climb through the summer, ETH spent several weeks trading within a downward‑sloping channel or a textbook flag structure often seen in the middle of trending moves.
Now, with the breakout firmly underway, momentum appears to be shifting decisively back in favor of the bulls.
A chart analysis shared by crypto trader and analyst Mister Crypto shows clean structure and consistent higher lows, reflecting renewed strength in Ethereum’s uptrend.
The measured move from this pattern projects a potential target near $7,000, aligning with the upper resistance levels highlighted in recent analyses.
This move, if sustained, could position Ethereum for a major leg higher into year‑end, supported by improving sentiment and broader crypto market resilience.
Moreover, another crypto analyst, Steve Urkel offered a more tactical perspective, emphasizing Ethereum’s immediate price structure following the breakout.
After pushing above its previous all‑time high trendline, ETH is now testing that very line as new support, a critical phase known as a breakout back‑test.
Such retests often serve as a launchpad for continuation, provided buyers defend the level with conviction.
The visible volume profile supports this view, showing increased activity around the $4,000–$4,200 zone, suggesting accumulation rather than distribution.
As long as Ethereum holds above this breakout level, the next target remains the Fibonacci extension zone near $5,500–$5,800.
This area represents both a technical and psychological milestone for traders eyeing the next wave of upside momentum.