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Crypto Potato 2025-10-24 21:40:12

Ethereum Nears Critical Price Zone: Relief Rally Ahead?

Ethereum is trading just below a key resistance level after holding support at $3,800. Market focus is now on whether buyers can push through the overhead pressure or if the price will face another rejection. ETH Holds at $3,800, Approaches Resistance Band ETH has recovered from recent lows and is currently trading around $4,000. The asset found support in the $3,790 to $3,815 area, which has consistently acted as a base in recent sessions. Below this level, another support zone sits between $3,550 and $3,670, offering a stronger floor if needed. Analyst Ted noted that Ethereum has once again bounced from $3,800 and is now testing the $4,000 to $4,100 resistance zone. This range has shown strong selling pressure in the past. If buyers can close above this area, the next target lies near $4,236 to $4,265. This level has previously acted as both support and resistance, which may attract renewed selling activity. The current structure suggests the price remains in a defined range. Multiple scenarios remain possible depending on how the asset reacts to the resistance zone. Technical Pattern Points to Possible Breakout On the 3-day chart, Ethereum appears to be forming a classic cup-and-handle setup. The cup took shape between January and August, as prices gradually recovered from a prolonged downturn. After reaching previous highs, the asset entered a consolidation phase. The handle is forming as a downward-sloping channel. Analyst Trader Tardigrade highlighted three touches on both the upper and lower bounds of the channel, suggesting a controlled range. The chart shows ETH still within this formation. A confirmed move above the top of the channel may suggest a continuation to the upside. The analyst said, #ETH /3-day Ethereum has formed a textbook cup-and-handle pattern. The handle shows three touches at both the top and bottom of the channel. A breakout is the next event pic.twitter.com/h3XPCYRJ3t — Trader Tardigrade (@TATrader_Alan) October 24, 2025 A clean breakout on higher volume would likely validate the setup. Sentiment Shifts as Key Events Approach Additional commentary from Joe Swanson described a triple bottom around $3,750, calling it a potential setup for a breakout. He added that a move above $4,000 could lead to a 10% rally toward $4,280. EtherWizz noted that the market is entering a Wyckoff-style reaccumulation phase and expects $7,000 if $4,200 is reclaimed. However, CPI data is expected , and the Federal Reserve’s meeting next week could affect sentiment. Ted wrote , “These events could bring some buy pressure in Ethereum and result in a short squeeze.” Key Levels Remain in Focus While Ethereum continues to trade near resistance, many traders remain cautious. Lennaert Snyder noted that he is watching the $4,050 level for potential short positions if resistance holds, or long entries if the price breaks through with strength. Ethereum remains in a tight range. A breakout above $4,100 would shift momentum and could attract stronger buying, while a rejection may lead to another retest of support. Traders are watching how the asset reacts to this zone. The post Ethereum Nears Critical Price Zone: Relief Rally Ahead? appeared first on CryptoPotato .

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