Ethereum at a Crucial Crossroad: Analysts Forecast Potential All-Time High
Ethereum hovers around $4,000 post key support bounce, with analysts eyeing targets of up to $7,300 if upward momentum continues.
Ethereum (ETH) is currently trading near $4,000, following a recent bounce from significant support levels. Despite a 4% decline in the last 24 hours and 15% drop over the past week, analysts remain optimistic about a possible return to peaks around $7,300.
Structure Points to Further Upside
Lark Davis, a notable analyst, observed that Ethereum has exited a symmetrical triangle pattern that has been in place since 2021. Post-breakout, ETH reached its previous all-time high of approximately $4,855 before retracting. Now, it appears to be establishing a consolidation phase just above this former resistance.
“Zoom out on $ETH and the structure is clear:
– ETH has broken out of a multi-year symmetrical triangle that began in 2021
– Perfectly rejected at the old macro swing high**
It is currently coiling within a bullish pennant, testing the upper triangle line that once acted as resistance…”
— Lark Davis, October 13, 2025
Davis notes that this upper triangle line may now act as support. Should ETH hold above this level and accomplish a breakout, a Fibonacci projection suggests a new target near $7,300.
Bounce From Support Zone and Short-Term Setup
Analyst Michaël van de Poppe highlighted that ETH recently rebounded from a strong demand zone, specifically between $3,800 and $3,940. This area previously functioned as support and, once again, showcased a strong reaction with high volume. Currently, ETH faces resistance around $4,200.
Van de Poppe remarked, “I think we’ll see a new ATH for Ethereum in November,” especially as long as ETH remains above the $3,800 mark, pointing to potential tests of the $4,855 range in the short term.
Market Update and Institutional Activity
Recent US-China trade tensions caused temporary weakness in ETH, but on-chain data from CryptoQuant indicated the price fell below essential moving averages during the most intense parts of the conflict but subsequently regained strength as the market’s overall sentiment improved.
Open interest in ETH futures plunged from $33 billion to $18 billion following the sell-off on October 10. Additionally, BitMine Immersion Technologies disclosed that its ETH holdings have surpassed 3 million tokens, comprising a significant portion of its $12.9 billion in total crypto assets.
