A crypto analyst thinks Ethereum is holding up nicely despite the recent pullback. Ethereum has rebounded from a recent drop to $3,507, showing buyer interest. Dropping to $3,300 will build upside liquidity for Ethereum and set up a bullish reversal. Ethereum faced resistance at $3,860 last Monday before sliding to $3,507 later in the week. Despite a partial recovery to $3,694, analyst Michael van de Poppe stated that the pullback may not be over, hinting at ongoing consolidation before the next decisive move. Update on $ETH . It's holding up quite nicely. The BTC pair consolidates, while the markets are dropping south. It rejected a crucial resistance area, through which I assume we'll potentially be seeing a new low. That's a buy the dip opportunity. It's also… pic.twitter.com/D6ERZQhAhY — Michaël van de Poppe (@CryptoMichNL) July 25, 2025 ETH could drop to $3,300 In his X post, the analyst highlighted how the ETHBTC pair resisted a massive pullback but consolidated, while the broader crypto market crashed. Van de Poppe considered it a show of strength by Ethereum, which he expects to continue when bullish momentum returns. In the meantime, the a… The post Ethereum Bulls Could Reject Analyst’s Projected Consolidation to $3,300 appeared first on Coin Edition .
