Michael van de Poppe foresees Ethereum price crossing above $3K in September after dropping for three consecutive months.
Demand for ETH from U.S. investors was positive.could reverse recent losses and climb above $3K next month. This was the ETH price prediction for September by market analyst Michael van de Poppe.
Poppe noted that the last time ETH closed in the red for more than three months was before the 2018 bear market.that the odds of ETH cruising to $3K in September were higher than 80%.Will ETH reverse recent losses?On the weekly charts, ETH recent dump eased at a weekly support area near $2500. Historically, it took ETH about three weeks to climb to $3500. The same scenario played out in early 2022 and early 2024.
The recent U.S. spot ETH ETFs saw some positive inflows last week as BlackRock’s ETHA eyed the $1B mark. Historically, positive demand from US investors has coincided with ETH’s recovery or rallies. So, a sustained positive Coinbase Premium could see ETH rebound further. Meanwhile, speculators in the Futures market were bullish on the largest altcoin, as shown by the positive Taker Buyer Sell Ratio, whichA positive reading meant that bullish sentiment was dominant at press time.If the above positive on-chain readings persist over the next few days, ETH’s rally to $3K and beyond could become a reality.
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