Ethereum is quietly setting the stage for its next big move, and smart money is paying close attention.

While Bitcoin has struggled with lower lows, Ethereum ($ETH) has held its ground with higher lows, defying broader market weakness and flashing signs of hidden strength. Analyst Michaël van de Poppe believes this dip is the opportunity many have been waiting for.

Ethereum Holding Strong While Others Drop

As one crypto strategist noted, “This is not the end of the move, it’s the calm before the next storm.”

A Dip Worth Buying? Michaël van de Poppe Weighs In

Michaël van de Poppe pointed out that many traders had been eyeing Ethereum near $3,900, but now have a golden opportunity to scoop it up at a 10–30% discount during August.

“This is the dip that you should be getting your positions if you haven’t got your positions already.” He  “I’d be happily taking it before ETH prints new ATHs,” he added.

Van de Poppe emphasized that July was a massive month for ETH, leading the market with strength. While he acknowledges the current correction, he believes it’s just that a correction, not a collapse.

“This is one of them, a good moment to step in,” he said.

Consolidation at the Top, Not a Breakdown

So long as Ethereum holds above $2,700, the macro bullish structure remains intact, and the groundwork is being laid for a major breakout. Historically, consolidations at higher levels, especially in a bull market, often lead to explosive upside.

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Ethereum Price Prediction

If Ethereum successfully rebounds from this pullback zone, several key targets come into play:

• $4,446 – first major resistance
  
• $5,063 – reclaiming post-ATH structure
  
• $5,903 – top of the mid-term breakout range

And if momentum builds further, the long-discussed $7,000–$8,000 range could become a reality this cycle. With ETF momentum and on-chain activity aligning, these targets aren’t just wishful thinking; they’re increasingly probable.

Final Thoughts: The Breakout Isn’t “If” – It’s “When”

Ethereum is showing technical, structural, and sentiment-driven strength at a time when the market is unsure. It’s forming a base, supported by strong on-chain flows and institutional activity, with a clear rejection of lower prices.

As long as ETH holds above the $2,700 level, the next leg higher is not just possible, it’s increasingly likely.