Crypto analyst Michael Van de Pop has shared his short-term Ethereum price forecast. The analyst pointed out that Ethereum is on the verge of a rally, similar to Bitcoin.

According to Van de Pop, Ethereum has recently shown a steady upward trend and is currently trading near a critical resistance level. The analyst noted that a clear break above €2,070 (approximately $2,435) could lead to an acceleration in price movement.

Related news: Bitcoin options (BTC) and technical data point to a single price level: "If this level is broken, the rise will begin."

The analyst also highlighted resistance levels, noting that the first key zone is at €2,350 (approximately $2,765), and the second strong resistance level is at €2,900 (approximately $3,412). Van de Pop explained that the breakout following a three-month accumulation phase is unlikely to be weak, so stopping at the first resistance level is improbable.

According to the analyst, given the current market structure, a direct rise of Ethereum toward €2,900 (around $3,400) is the most likely scenario.