$ETH Crypto analyst Michaël van de Poppe has just shared a new perspective on the market, suggesting that Ethereum (ETH) may be on the verge of a significant move.

He also presents his broader market cycle theory to predict upcoming trends.

According to van de Poppe, Ethereum is preparing for a substantial breakout after more than a month of consolidation.

If ETH can break through the resistance level of $2,800, it could rise to $3,400–$3,500.

On the other hand, the $2,575 level serves as a crucial support that needs to hold to avoid a deeper correction.