Ethereum has seen a rise to approximately $4,400, marking a 9% increase this week, with analysts signifying a crucial resistance level at $4,505.

$4,505 Resistance in Focus

Crypto analyst Ali Martinez has pinpointed $4,505 as a pivotal resistance threshold for Ethereum.

“$4,505 is one of the most important resistance levels to watch for Ethereum $ETH.”
— Ali (@ali_charts) October 2, 2025

This key level corresponds to a considerable concentration of cost basis, suggesting that many holders may look to sell when ETH revisits this level. If broken, ETH may experience reduced selling pressure, however, failure to breach this level could lead to repeated rejections.

Cup and Handle Breakout

Merlijn The Trader emphasized a multi-year cup and handle pattern forming in Ethereum’s chart.

“$ETH JUST DREW THE HOLY GRAIL. 3 years of chop erased in one breakout. Measured move points vertical.”
— Merlijn The Trader ✈️ Token2049 🇸🇬 (@MerlijnTrader) October 1, 2025

Cycle Repeats Show Parabolic Potential

Another analyst, EtherNasyonaL, analyzed Ethereum’s current situation compared to previous cycles.

“Ethereum has experienced nearly identical scenarios across three distinct market cycles.”

ETH/BTC Pair Shows Room to Run

Michaël van de Poppe noted the ETH/BTC ratio has the potential to rise, trading near 0.0366 BTC.

“Given that the BTC pair is currently nicely holding up here, and has provided a standard correction, I think that we’ll see this one pick up momentum in the coming weeks.”

This analysis sheds light on Ethereum’s potential trajectory as it navigates the current market landscape.