As Bitcoin reached a new peak price, driven by a flight to safe havens amid a US government shutdown and a rapidly devaluing dollar, Ether quietly recovered to within 7% of its previous peak.<\/p>\n
ETH failed to break resistance at $4,600 and fell back to $4,500 at the time of writing, but it remains within a range-bound channel and is coiled and ready for a breakout, say analysts.<\/p>\n
\u201cEthereum is going through this pattern like it\u2019s straight out of a textbook,\u201d crypto analyst \u2018Moustache\u2019 said on Sunday.<\/p>\n
He referred to a year-and-a-half-long descending broadening wedge, which is a bullish pattern typically leading to a massive breakout. In this case, the target<\/a> for ETH is $12,000, he said.<\/p>\n #Altcoins<\/p>\n One of the most important, if not the most important chart for $ETH.<\/p>\n Ethereum is going through this pattern like it\u2019s straight out of a textbook.<\/p>\n Target: around $12,000.<\/p>\n Can you imagine how Altcoins will skyrocket then?<\/p>\n You\u2019re all not bullish enough. pic.twitter.com\/tzv8MrYeTd<\/a><\/p>\n \u2014 \ud835\udd44\ud835\udd60\ud835\udd66\ud835\udd64\ud835\udd65\ud835\udd52\ud835\udd54\u24d7\ud835\udd56 (@el_crypto_prof) October 5, 2025<\/a><\/p>\n\n If Ether prices double during the next three months, altcoins will skyrocket, he added.<\/p>\n Meanwhile, analyst \u2018Mister Crypto\u2019 said<\/a> it was a \u201ctextbook bull flag setup\u201d with a target of $6,800.<\/p>\n \u201cETH is probably one of the best trades out there,\u201d said Web3 influencer \u2018ZYN\u2019, who added:<\/p>\n \u201cInstitutional adoption, staking approval coming, companies buying billions and yet it\u2019s at 2021 ATH.\u201d<\/p>\n Ether prices doubling from this level by the end of the fourth quarter \u201cdoesn\u2019t seem unlikely to happen.\u201d<\/p>\n \u2018Ash Crypto\u2019 said<\/a> forget about the Bitcoin and M2 money supply correlation. \u201cIf ETH catches up with the global M2 supply, it will trade above $15,000 this cycle.\u201d<\/p>\n On Monday morning, \u2018Galaxy BTC\u2019 wrote, \u201cThe Ethereum bull run will probably continue into 2026.\u201d<\/p>\n An even longer-term chart showed<\/a> that \u201cwe\u2019ve successfully retested the \u2018V-bottom\u2019 structure and the big triangle from 2021,\u201d and there will be a lot of volatility, but by the looks, we\u2019re about to go for 5-digit ETH.\u201d<\/p>\n Regardless of all the bullish sentiment, Bitcoin maximalist Samson Mow couldn\u2019t resist taking another swipe at Ethereum this weekend.<\/p>\n \u201cThe only thing keeping ETH at these levels is the Korean retail investor,\u201d he said<\/a>, claiming that \u201cETH influencers have been flying to South Korea just to market to retail.\u201d<\/p>\n However, there was no evidence to back up this claim, which appeared to be more tribalism from Bitcoin maxis following a post from Andrew Kang claiming that Tom Lee\u2019s ETH thesis<\/a> was \u201cretarded.\u201d<\/p>\n Lee took the tribal attack in his stride, labeling himself \u201cETHtarded.\u201d<\/p>\n Someone called Tom Lee\u2019s $ETH thesis \u201cretarded.\u201d \u2014 CryptoPotato Official (@Crypto_Potato) October 6, 2025<\/a><\/p>\n\n The post This Textbook Chart Pattern Could See ETH\u2019s Price Blast to $12,000: Analyst<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" As Bitcoin reached a new peak price, driven by a flight to safe havens amid a US government shutdown and a rapidly devaluing dollar, Ether quietly recovered to within 7% of its previous peak. ETH failed to break resistance at $4,600 and fell back to $4,500 at the time of writing, but it remains within […]<\/p>\n","protected":false},"author":0,"featured_media":102362,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-102361","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/102361"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=102361"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/102361\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/102362"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=102361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=102361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=102361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}ETH Bulls Target Five Figures<\/h2>\n
Bitcoin Maxis Throwing Rocks<\/h2>\n
\nHe flipped it into a brand:
\n\u201cIn #crypto, retarded is good\u2026 I\u2019m ETHtarded.\u201d
\nA line so unhinged it looped back to genius. pic.twitter.com\/v3FjbsMm4s<\/a><\/p>\n