Ethereum (ETH) is displaying renewed bullish momentum as buyers strengthen its recovery from the July low. Technical signals show ongoing buying interest, with market participants closely watching whether Ethereum can overcome resistance at $3,400 in the coming days. Crypto analyst Michael van de Poppe described Ethereum as “getting into an interesting zone,” emphasizing the significance of current price levels. According to his analysis, a decisive move above the $3,400 resistance could clear the way for further gains. He also stated that a return to prices below $2,000 appears unlikely in the near term, following the recovery structure formed since the July bottom near $1,510.