Sep 30, 2025
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Ethereum Targets Early October Rally After Reclaiming $4,000 Level
After a market correction, Ethereum (ETH) is attempting to reclaim the $4,200 area. Analysts suggest a potential new upward trend in the coming weeks.
Key Points
- Ethereum recovered nearly 6% from Sunday's low, reaching crucial resistance levels at $4,100 after dipping below $4,000 last week.
- The $4,100 level has historically been significant, marking previous cycle highs and acting as a strong resistance point.
- Analyst Daan Crypto Trades noted that maintaining this level on higher timeframes is important for targeting range highs.
- Bluntz suggested that ETH's wave 4 might be over, with a move towards a new all-time high (ATH) potentially targeting $5,500.
- A potential Power of Three setup indicates expansion, with Ethereum possibly repeating its May and July rally patterns.
- Merlijn the Trader highlighted that the current setup mirrors past bullish reversals, suggesting an imminent breakout.
- If Ethereum doesn't reclaim the $4,250-$4,320 area, it risks retesting the $3,600-$3,800 support.
Currently, Ethereum is trading at $4,172, marking a 3.5% increase on the daily timeframe.
