The falls is 35 feet (11 m) tall and 10 feet (3.0 m) wide. Eagle Creek cuts through a narrow channel and shoots powerfully into a large bowl that resembles a punchbowl. This waterfall was responsible for the waterfall classification type of punchbowl.
These falls are not to be confused with another set of falls with the same name, found in Jasper National Park, Alberta, Canada near Miette Hot Springs.
In 2017, the cliff on the left side of the creek collapsed between Punch Bowl and Lower Punch Bowl Falls. Debris from the landslide changed the stream's flow between waterfalls.
A little up the river, there is a dilapidated wooden staircase leading to a concrete fish ladder.