Ethereum (ETH) Sees Massive Bounce from “Strong Support Block,” Analyst Vindicated

7h ago•

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Ethereum's price has successfully bounced above $4,300, validating analyst predictions of a reversal.

Ethereum has successfully bounced from the key $4,000-$4,200 support zone, validating predictions.
The price has reclaimed the $4,300 level and broken out of a key “falling wedge” pattern.
Analysts are now watching to see if this momentum can carry the price back to recent highs.

Ethereum is showing renewed strength, with its price pushing to $4,315 after a successful and decisive bounce from a key support zone. The recovery validates recent analyses from top traders who had flagged the dip as a high-probability buying opportunity.

“High-Probability” Bounce Plays Out

Just days ago, market strategist Michaël van de Poppe identified the $4,000 to $4,200 range as a strong support block where a bounce was highly likely. His analysis, which assigned a 70% probability to a reversal, appears to have been spot on.

The dip into that zone was met with strong buying pressure, confirming it as a classic accumulation area. This technical strength for a potential ETH revenge rally is backed by underlying demand, as shown by the record-breaking Ethereum (ETH) ETPs $2.9 Billion weekly inflow report.