Ethereum’s Hard Bounce Validates Top Analyst’s Prediction

• 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.

The Decisive “Wedge” Breakout

Adding to the bullish momentum, Ethereum has now successfully reclaimed a “falling wedge” structure on the 4-hour chart. According to analyst TedPillows, who was tracking the pattern, the bounce from the $4,000 level and subsequent push above the wedge boundary was the critical move bulls needed to see. 

With the price now firmly above the $4,300 resistance, the immediate path appears open for a retest of the $4,400 area. A sustained hold at these new levels would significantly strengthen the case for a continuation back toward the recent highs near $4,600.