Ether costs have reclaimed the $4,000 stage, including 3.6% on the day to succeed in $4,060 through the Monday morning buying and selling session in Asia.
The asset has gained nearly 10% since its crash to $3,700 on Oct. 17, however nonetheless has an extended strategy to go, buying and selling down 18% from its all-time excessive.
ETH costs have additionally held on to key assist ranges with the weekly closing candle at $3,985, in response to Tradingview. This strong assist zone stems from December’s highs and weekly closes.
Ether “depraved into its multi-year downtrend that was damaged months in the past for an additional retest try to then return into the vary,” which it’s nonetheless holding, mentioned analyst ‘Rekt Capital’ on Sunday.
Huge Transfer Forward For ETH
“There may be not a single bearish factor in regards to the ETH chart. It doesn’t actually get a lot cleaner,” mentioned analyst ‘Sykodelic’, highlighting a number of bullish indicators.
“This has been the largest and most devastating psychological onslaught from market makers, and so they have managed to persuade everybody that it’s sport over when the ETH chart seems to be like this.”
“Ethereum is forming probably the most explosive setup since 2017,” mentioned analyst ‘Merlijn the Dealer’ who recognized a “textbook bullish pennant” on the month-to-month timeframe.
ETHEREUM IS FORMING THE MOST EXPLOSIVE SETUP SINCE 2017.
This isn’t hype.
It’s a textbook bullish pennant on the month-to-month.Cycles don’t lie.$ETH is able to rewrite historical past. pic.twitter.com/EAkFM1Lfnj
— Merlijn The Dealer (@MerlijnTrader) October 19, 2025
In the meantime, the creator of the Bollinger Bands, John Bollinger, made a uncommon prediction for ETH over the weekend, highlighting a ‘W backside’ within the bands, which is a bullish reversal sample.
John Bollinger makes barely one crypto name per yr and hasn’t made one for ETH in three years till yesterday, mentioned futures dealer ‘Satoshi Flipper.’
“And every name he makes goes on to mark generational bottoms. He simply advised us ETH has bottomed, now think about fading this legend.”
Ethereum OI falls
Ether Open Curiosity is now down 45% from its peak, in the meantime, Ethereum is simply down 20% from its peak, noticed investor Ted Pillows on Sunday.
“That is really a really bullish factor, as hypothesis is now very low.”
If ETH rallies from right here, it may pump towards $5,500 to $6,000 with out getting too overheated, he predicted.
OI is the worth or variety of open Ether choices contracts which have but to be settled. It peaked at $21 billion in late August, in response to Coinglass.
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