Ethereum's Price Approaches $4K: Insights Into Market Trends

Ethereum’s (ETH) recent price movements are attracting attention as they mirror its trends from 2020.

Currently, Ethereum’s price hovers around $3,900, boasting a daily trading volume of $33.3 billion. The digital token has faced a 4% drop in the last 24 hours and a 3% decline over the week.

Price Below Previous High

Ethereum is trading just shy of its previous maximum, a level it tested before the remarkable rally of 2020. Analysts from Cryptocium observe that the patterns presently appear strikingly similar. In both instances, Ethereum has paused at resistance after long periods of consolidation before eventually breaking out with strong momentum.

"$ETH – History Repeats Itself"
Ethereum may appear sluggish at the moment, but its price action mirrors that of the 2020 cycle.

ETH currently rests at its previous all-time high (ATH), while the Relative Strength Index (RSI) is retesting its bearish trendline.

Same trend, different era, see image
— Cryptocium (@Cryptocium_id) October 21, 2025

The prevailing resistance level is approximately $4,000 to $4,100. Analysts emphasize the need for Ethereum to decisively close above this threshold to secure any upward momentum. In contrast, it has been unable to breach higher levels previously.

Additionally, the RSI mimics patterns witnessed earlier. During the significant move in 2020, RSI lingered under a trendline for months before breaking out just ahead of a price surge. Ethereum now finds itself in a comparable position.

Cryptocium characterized the current setup as “the same situation in a different period,” highlighting the similarity in the current RSI structure versus the previous one. A breakthrough in the RSI may indicate a change in momentum. Therefore, traders remain attentive to whether this pattern continues.

Traders Eye the $3,900 to $4,100 Range

Javon Marks shared a chart indicating that Ethereum is retesting the breakout zone around $3,900. He predicts that a measured move could push ETH above the $8,000 mark, provided this level holds. Such projections typically utilize the previous range height to forecast subsequent movements.

DaanCrypto stated, “You’d want to see some daily close above that point,” referring specifically to the $4,100 range. Other analysts mentioned that a decline to $3,750 could provide opportunities for long setups if a rebound follows. Otherwise, the price may test even lower regions.

Strong Institutional Interest

While price movements have been mixed, institutional interest remains high. BitMine Immersion Technologies recently acquired another $250 million worth of Ethereum from Bitgo and Kraken, as reported by CryptoPotato.

Moreover, Ethereum-based products have absorbed $205 million in inflows over the last week. A twice-leveraged Exchange-Traded Product (ETP) attracted $457 million, indicating a robust positioning by large players during this current consolidation phase.

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