- ETH could surpass $ 3K in Q3, according to crypto analyst Michael van de Poppe.
- However, the market sentiment was neutral to negative for the summer period.
Ethereum [ETH] Can see a assistance in the H2 2025 prior to a probably potential risk-on sentiment. According to crypto analyst Michael van de Poppe, was $ 3.5k in Q2, which covered risk-on markets.
However, he added that gold (risk-out) fell to a range of $ 3.2k, the risk-on markets can be pumped again.
“Gold broke in the reach and therefore probably peaked for the next 6-12 months, indicating that it is risk-on time.”
Source: Michael van de Poppe/X
Ethereum’s time to shine?
For perspective, the 53% increase in ETH fell together with a risk-off movement in May, because gold fell nearly 10%. At the time, a commercial interview in the US distributed the tariff heads that were a large drag on risk-on markets.
Source: ETH vs. Gold, TradingView
Now that a similar risk-to-scenario could probably be after a shaky Israel-Iran ceases-it-all, will the ETH climb higher?
Poppe projected that ETH could rise to $ 3K and added,
“Moreover; CNH/USD breaks up, which is automatically a movement that has to go back to 0.026 -> Ethereum up to $ 3,000.”
In Q3, the expectations of the FED rate will be a different main piping factor for ETH. In a recent hearingFED chairman Jerome Powell said that an inflation print could determine in July whether the regulator will lower interest rates.
In fact, after Powell’s statement, the chances From an acceleration from July rose to 18%. But at the time of the press, the market had more faith in a lowered rate in September, with the chance of more than 70%.
In other words, a potential acceleration of the FED in Q3 could further feed the risk-on sentiment and support the POPPE $ 3K price target.
Despite a bullish direction for Q3, however, the general option market sentiment seemed to be neutral to negative per 25 Delta risk barriers (25RR).
From this letter, the risk of risk was negative for July, while August and September were 0 and 0.32, which implies a negative for neutral market sentiment in the summer.
In the short term, an on-chain resistance Is around the price range of $ 2.4k $ 2.6k. A huge supply was purchased at this level and could act as a sales pressure if holders choose to reduce their losses.
In general, the shifting macro environment could prefer bulls in Q3. But the typical summer lell can postpone the party for ETH bulls, as evidenced by the sentiment for option market.
Credit : ambcrypto.com
