Ethereum at Critical Juncture: Analysts Flag Make-or-Break Levels

Ethereum suffered a significant downturn over the weekend, with the leading altcoin briefly diving below the $3,050 level before staging a slight rebound to $3,190 on Monday. The crypto asset has been on a steady decline since November 14, marked by several failed recovery attempts and increasing selling pressure that pushed ETH to its lowest point of the week.

Crypto analyst ‘Daan Crypto Trades’ provided crucial technical context, noting that ETH is still holding the 0.618 Fibonacci retracement zone after sweeping its November 4 low. The analyst described Ethereum’s current position as being ‘in the middle of nowhere,’ emphasizing that the asset needs to break above roughly $3,650 to improve its technical outlook. However, he warned that failure to hold the current region could push ETH toward the $2,800 level, which would likely become a major support-resistance area in this market cycle.

While short-term technical signals appear shaky, Tom Lee of Fundstrat Global Advisors presents a compelling long-term narrative. The chairman of DAT BitMine and head of research at Fundstrat Global Advisors stated that Ethereum is now entering the same kind of ‘supercycle’ that Bitcoin experienced over the past eight years. Lee pointed to Bitcoin’s historical performance, noting that despite six drops of more than 50% and three declines exceeding 75%, the cryptocurrency still delivered a 100x return for investors who held through periods of fear.

Lee argued that crypto prices ‘are discounting a massive future,’ which explains why moments of doubt tend to create sharp volatility. He emphasized that investors had to withstand several ‘existential moments’ to benefit from Bitcoin’s long-term supercycle. Applying this framework to Ethereum, Lee suggested the asset is beginning a similar long-term growth phase, even though recent struggles demonstrate that the path higher won’t be linear.

MN Capital founder Michaël van de Poppe reinforced the bullish long-term outlook while acknowledging current market pressures. The analyst noted that Ethereum’s 30% correction against Bitcoin has created an ‘ideal zone for accumulation,’ suggesting that the current price levels represent a strategic entry point for long-term investors. Van de Poppe highlighted ETH’s relative stability over recent weeks, particularly noteworthy given that Bitcoin experienced its worst week of 2025.

Van de Poppe expressed confidence that Ethereum won’t remain at current price levels for long, indicating that a potential rebound may be ahead. This perspective aligns with the supercycle thesis while providing tactical guidance for investors navigating the current volatility. The combination of technical analysis from Daan Crypto Trades, long-term structural insights from Tom Lee, and accumulation zone identification from Michaël van de Poppe creates a comprehensive framework for understanding Ethereum’s current market position and potential future trajectory.