Ethereum Price May Grow by Over 50% ‘In a Matter of Days’

Ethereum’s native token, Ether (ETH), could rally more than 50% toward $3,000 in the coming weeks, according to crypto analyst Michaël van de Poppe, who argues that the current price range offers an attractive accumulation opportunity before a potential breakout.

Is It The Best Time To Buy Ethereum? Poppe Thinks Yes

In an Aug. 12 post, Van de Poppe said the “ideal moment” to position in Ethereum is “literally right now,” arguing that investors waiting for definitive bullish confirmation could risk entering after a substantial portion of the move has already occurred.

His three-day ETH/USD chart highlights previous accumulation phases around the $1,500–$2,000 region that preceded sharp upside moves.

In one example, Ethereum rallied roughly 60% within less than a week after escaping a similar consolidation range. Van de Poppe also pointed to comparable price behavior in 2023, suggesting ETH could repeat the pattern “in a matter of days/weeks.”

A rally toward Van de Poppe’s $3,000 target would represent gains of approximately 57% from the current price.

Cooling US Inflation Adds Tailwind to Ethereum Outlook

The bullish endorsement for Ethereum comes as US inflation showed further signs of cooling, potentially easing concerns that the Federal Reserve will need to maintain an increasingly hawkish policy stance.

Data released Wednesday showed the US Consumer Price Index rising 0.1% in July, while annual inflation slowed to 3.4% from 3.5% in June, according to the Bureau of Labor Statistics. Core CPI, which excludes volatile food and energy prices, increased 0.2% monthly and 2.5% year-over-year.

Traders now see a 66.1% chance that rates remain unchanged at 3.50%–3.75%, up from 51.6% a day earlier, according to the CME FedWatch Tool. The probability of a 25-basis-point hike has fallen to 33.9% from 48.4%.

Cooling inflation is generally supportive for risk assets such as Ethereum because it reduces pressure on the Fed to raise borrowing costs further.

What Could Go Wrong With This Bullish Ethereum Outlook?

Ethereum must first break above its prevailing falling wedge to validate Van de Poppe’s bullish $3,000 target.

ETH is currently testing the wedge’s upper descending trendline near $1,900, while additional resistance sits around its 50-period EMA near $2,023. A decisive breakout above these levels could strengthen the case for a move toward $3,000–$3,280.

However, another rejection from the wedge resistance would keep the broader bearish structure intact.

In that scenario, ETH could retreat toward the wedge’s lower trendline over the coming months.

That downside area broadly aligns with the 1.618 Fibonacci extension near $1,347, putting Ethereum at risk of falling toward $1,350, roughly 30% below current prices, before another meaningful recovery attempt.