Ethereum (ETH) is like that friend who shows up to a party and just can’t decide whether they want to stay or leave. Trading near $4,000 after a week of market confusion, it’s down 4% in the last 24 hours and a solid 15% in the past seven days. So yeah, not exactly the life of the party right now.
But wait! Analysts are all over this, because guess what? ETH might be getting ready for its dramatic comeback. It’s like the stock market version of a plot twist you didn’t see coming. 🙄
Structure Points to Further Upside
Lark Davis, the market analyst everyone seems to follow like a religious leader, says Ethereum has broken out of a symmetrical triangle that’s been sitting around since 2021. And no, that’s not some geometric math lesson- it’s actually a pretty big deal in the crypto world.
Zoom out on $ETH and the structure is clear:
– ETH broke out of a multi-year symmetrical triangle (because triangles make the best breakout partners, right?)
– Rejected perfectly at the old macro swing high (classic move, ETH!)
It’s now coiling inside a bullish pennant, and also testing the upper triangle line which was once…
– Lark Davis (@TheCryptoLark) October 13, 2025
Translation: That resistance line from back in the day? Yeah, it might just flip to support. If ETH can keep this up and break out from this zone, Lark’s got his eyes on a target price of $7,300. Go big or go home, right?
Bounce From Support Zone and Short-Term Setup
Meanwhile, Michaël van de Poppe (who definitely sounds like someone you should listen to) says ETH recently bounced off a support zone between $3,800 and $3,940. This is like the “I got your back” zone, and ETH seems to like hanging out here. And now, it’s facing some resistance around $4,200, but we all know how ETH loves drama.
Van de Poppe thinks ETH is going for a new all-time high (ATH) in November. So, if you’re holding onto your Ethereum, maybe get ready to pop the champagne. 🍾🍾
As long as ETH stays above $3,800, traders are all but certain it’s gearing up for another attempt at that $4,855 mark. And if you’re still skeptical, don’t worry, we’ve got a chart from Trader Tardigrade-yes, that’s their name-showing a very familiar pattern. It’s like déjà vu, but with crypto.
“Ethereum has completed three dips and returned to the consolidation zone. It’s ready to take off.”
The chart’s showing ETH back at the top of the range, and guess what? Buyers are jumping back in like it’s the hottest club in town.
Market Update and Institutional Activity
ETH had a little wobble during the US-China trade drama, because apparently even crypto can’t avoid real-world nonsense. But don’t worry, it bounced back like a champ. On-chain data from CryptoQuant shows the price dipped below key moving averages (don’t ask me what that means), but regained its footing once market sentiment was like, “Okay, we’re chill now.”
Meanwhile, ETH futures open interest dropped from $33 billion to $18 billion after the October 10 sell-off. Yikes. But, in more positive news, BitMine Immersion Technologies is flaunting its ETH holdings, which now exceed 3 million tokens. Because who wouldn’t want to be that person who casually drops, “Oh, I have millions of Ethereum in my portfolio”? Oh, and their total crypto assets? A cool $12.9 billion. 🤑
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2025-10-14 18:06