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Ethereum trades around $2,125 after a recent technical breakdown, with analyst Michaël van de Poppe arguing that the current range offers a strong opportunity to accumulate.
We break down his three core arguments, the bearish warning from CryptoQuant, and the levels every ETH investor should watch.
Why Van de Poppe Sees an Accumulation Zone for Ethereum?
An accumulation zone is a price range where patient investors gradually build positions while sentiment remains weak. Van de Poppe believes Ethereum now sits in exactly that kind of setup, supported by several structural arguments.
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His first argument involves bond yields. Rising government yields, especially in Japan, have reduced the appeal of DeFi activity by making risk-free returns more competitive across global markets.
Yet van de Poppe sees yields looking toppy in several countries. He notes that when a pressure factor becomes a dominant talking point, the cycle often sits closer to its end than to its beginning.
His second argument centers on regulation. The CLARITY Act is expected to face a key Senate vote in June, and he views successful passage as a clear positive for the Ethereum ecosystem.
A regulated framework would support builders, attract institutional capital, and reduce one of the long-standing risks weighing on Ether throughout the current cycle.
His third argument is technical. The ETH/BTC pair failed to break above 0.0325 and is now leaning toward support near 0.026, with the daily RSI below 30 indicating oversold conditions.
“I’m not saying this will cause a massive run out of nowhere; I’m just saying this is the actual range where you’d be looking for positions. If Ethereum becomes attractive, there are multiple other plays that are also attractive, and we could see some altcoin strength,” Van de Poppe said.
A mean reversion in that pair could also help spark broader altcoin momentum across the market, especially if Ethereum reclaims lost ground in the coming weeks.
The Bearish Warning From CryptoQuant
Not everyone shares the optimism. CryptoQuant analysts warn that if Ethereum fails to reclaim the broken triangle structure, selling pressure could accelerate further across the market.
In that scenario, the price may target the $1,350 support level, a sharp drop from current ranges. This would mark a deeper correction than many investors currently expect.
“[…] The market’s inability to produce a strong recovery after recent liquidation spikes also highlights the ongoing weakness in price structure. Technically, the downside breakout remains valid for now, while the probability of a deeper pullback toward the lower support zone shown on the chart remains on the table. If Ethereum fails to reclaim the broken triangle structure, selling pressure could accelerate further and price may target the $1,350 support level,” analyst PelinayPA of CryptoQuant noted.
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Ethereum (ETH) Price Analysis. Source: CryptoQuantThe $2,100 zone, therefore, becomes critical. A decisive hold could open the door to a bounce toward $2,500, while a clear loss might validate the bearish scenario.
On-chain data support the cautious view. Weakening DeFi total value locked, softer holder behavior, and reduced network activity reinforce concerns about further downside if immediate supports give way under pressure.
Recent exploits in the DeFi space have also damaged short-term sentiment around Ethereum.
Combined with the yield pressure from traditional markets, these headwinds explain why many investors remain hesitant to add exposure right now.
The broader macro backdrop still matters. If global yields finally roll over and the CLARITY Act advances on schedule, risk appetite could return quickly, turning today’s discomfort into tomorrow’s opportunity for early buyers.
What’s next for Ethereum price?
Ethereum stands at a defining moment between two opposing scenarios. On one side, Van de Poppe’s accumulation thesis builds on peaking yields, regulatory progress, and an oversold ETH/BTC pair that historically anticipates altcoin momentum.
On the other side, CryptoQuant’s bearish warning toward $1,350 reminds investors that broken structures can drive faster declines than expected. The $2,100 zone will likely determine which path unfolds in the coming weeks.
For patient investors, the message stays balanced. The current range offers an interesting risk-reward setup, but disciplined position sizing and clear invalidation levels remain essential before committing fresh capital to Ethereum at these prices.
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The post Buy or Sell Ethereum? Analysts Split on ETH Price Charts appeared first on BeInCrypto.
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