Ethereum (ETH) appears to be starting a potential growth period as it approaches a significant price point. After recently reaching around $4,250 – a level that has previously proven difficult to surpass – experts are watching closely to see if it can break above this mark, which would confirm the start of this new phase.
Several factors – including Ethereum’s network activity, chart patterns, and how investors are acting – all point to the possibility that the price will continue moving in its current direction.
Power-of-3 Pattern Nearing Expansion Phase
Ethereum is currently trading just under $4,200, with a price increase of over 2% in the last day. Analysts are watching a potential trading pattern called Power-of-3 (PO3) on its 12-hour price chart. This pattern typically unfolds in three phases: building a base, testing the market, and then a significant price move.
Analyst BitBull believes Ethereum has finished building up its price and attempting to mislead traders. The price spent time moving sideways between $3,570 and $4,050 with little price fluctuation. Afterwards, the price briefly dropped below $3,670, likely to trigger quick sales, but then recovered rapidly.
$ETH is perfectly forming a Power-of-3 pattern.
Accumulation has happened.
Manipulation has happened.A breakout and close above $4,250 level will trigger the expansion phase.
— BitBull (@AkaBull_) October 27, 2025
Ethereum (ETH) is facing strong resistance around $4,250. If the price can decisively break above this level and close the day higher, experts believe it could signal further gains. Based on current chart analysis, potential price targets in the near to medium term are $5,270 and $5,940.
According to Lennaert Snyder, Ether (ETH) recently reached around $4,250 – the upper limit of its recent trading range – after successfully surpassing $4,030. He also identified potential support levels at $4,079 and $4,000, meaning the price might find buying pressure at those points.
Long-Term Channel Supports Bullish Structure
Ethereum’s price has been steadily increasing within a defined pattern since 2017. This pattern, characterized by consistently higher peaks and troughs, has guided the price through several market ups and downs, indicating a long-term upward trend.
CryptoELITES highlighted a pattern in Ethereum’s price charts, pointing to similarities between the highs reached in 2017 and 2021, and how those relate to current price movement. They predict Ethereum is getting close to a previously projected high for 2025, based on the upper limit of the current trend. If Ethereum continues to follow this trend, analysts believe the price is likely to increase further.
Reduced Exchange Reserves and Wallet Accumulation
Recent on-chain data indicates that the amount of Ethereum held on cryptocurrency exchanges has decreased significantly, falling from 9 million to 6.7 million over the past few months. This suggests that fewer people are looking to sell, as tokens are being withdrawn from exchanges. This often means investors are planning to hold onto their ETH for the long term or are putting it into staking to earn rewards.
According to CryptoPotato, significant changes are happening with large cryptocurrency wallets. After selling off a substantial amount of Ether (ETH) – over 1.3 million in just 11 days – these major wallets are now starting to buy it back. Despite market fluctuations, investor Tom Lee continues to express a positive outlook.
Ethereum’s price is getting close to $4,250, and experts are watching to see if it will continue to rise. They’re particularly interested in a technical pattern called the ‘Power-of-3’ which suggests a potential period of strong growth.
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2025-10-27 21:09