Michaël van de Poppe identified the current price of Ethereum as a potential buying opportunity., 2026/02/12 09:50:00

Renowned cryptocurrency analyst Michaël van de Poppe has pointed out a discrepancy between the price of Ethereum and its network activity. He stated that the transaction dynamics suggest the potential for future price increases.

The analyst highlighted that over the past 18 months, the ETH price has decreased by approximately 30%, while the volume of stablecoin transactions on the network has surged by 200%. He interprets this trend as a “bullish signal.”

Van de Poppe recalled that in 2019, an increase in network activity also preceded a rise in price. According to him, the market does not always respond immediately to fundamental changes.

“In the early stages of growth, the market does not always react right away. This was the case with Ethereum in 2019: initially, the price remained stagnant, and then, amid a peak in stablecoin transactions, the growth began. Price tends to follow fundamental changes, and it is likely that this will happen again with Ethereum,” Michaël van de Poppe wrote.

During the first stage of growth, price usually doesn’t follow.

That’s what happened with $ETH in 2019.

Absolutely no growth on the markets, and then, during the period where the stablecoin transactions peaked, that’s when price started to follow.

Price follows narrative.… pic.twitter.com/UjLdFRmTwZ

— Michaël van de Poppe (@CryptoMichNL) February 10, 2026

The expert added that similar discrepancies were observed in June 2022 following the collapse of the Luna ecosystem, in March 2020 during the COVID-19 pandemic, and in December 2018 amid a general market downturn. In all these instances, he assessed that the market presented buying opportunities.

At the time of publication, Ethereum is trading around $1,960.

Last December, Michaël van de Poppe commented on the undervaluation of Bitcoin in relation to gold.