{"id":104702,"date":"2025-10-14T14:50:51","date_gmt":"2025-10-14T14:50:51","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=104702"},"modified":"2025-10-14T14:50:51","modified_gmt":"2025-10-14T14:50:51","slug":"eth-testing-support-analysts-predict-new-ath-in-november","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=104702","title":{"rendered":"ETH Testing Support, Analysts Predict New ATH in November"},"content":{"rendered":"

Ethereum (ETH) is trading near $4,000 after a week of mixed market action. The price dropped 4% in the past 24 hours and 15% over the last seven days.<\/p>\n

Analysts are watching a key support level, as the current structure suggests ETH may be preparing for another move higher.<\/p>\n

Structure Points to Further Upside<\/h2>\n

Lark Davis, a popular market analyst, said Ethereum has broken out of a symmetrical triangle that had been in place since 2021. After the breakout, ETH touched the previous all-time high around $4,855 before pulling back. It is now forming a consolidation pattern just above the old resistance.<\/p>\n

Zoom out on $ETH<\/a> and the structure is clear:<\/p>\n

\u2013 ETH broke out of a multi-year symmetrical triangle that started back in 2021
\n\u2013 Rejected perfectly at the old macro swing high<\/p>\n

It\u2019s now coiling inside a bullish pennant, and also testing the upper triangle line which was once\u2026 pic.twitter.com\/litJAfytV2<\/a><\/p>\n

\u2014 Lark Davis (@TheCryptoLark) October 13, 2025<\/a><\/p>\n\n

He also pointed out that the upper triangle line, which acted as resistance, may now serve as support. If the asset holds and breaks out from this zone, Davis noted that a Fibonacci projection puts the next target near $7,300.<\/p>\n

Bounce From Support Zone and Short-Term Setup<\/h2>\n

Micha\u00ebl van de Poppe said ETH recently bounced from a strong demand zone between $3,800 and $3,940. This area had acted as support earlier, and the price once again reacted from it with high volume. ETH is now facing resistance around $4,200.<\/p>\n

Van de Poppe commented<\/a>, \u201cI think we\u2019ll see a new ATH for Ethereum in November<\/em>,\u201d following the recent recovery. As long as ETH stays above the $3,800 level, traders are expecting another test of the $4,855 range in the short term.<\/p>\n

Moreover, Trader Tardigrade shared<\/a> a chart showing a familiar pattern playing out. Earlier this year, ETH moved sideways, formed three dips, and then broke out. A nearly identical structure is now forming again.<\/p>\n

\u201cEthereum has completed three dips and returned to the consolidation zone. It\u2019s ready to take off.\u201d<\/p>\n

The chart shows ETH back at the top of the range, with buyers stepping in.<\/p>\n

<\/a>Source: Trader Tardigrade\/X<\/p>\n

Market Update and Institutional Activity<\/h2>\n

During recent US\u2013China trade tensions, ETH showed short-term weakness before recovering. On-chain data from CryptoQuant showed<\/a> that the price dropped below key moving averages during the peak of the conflict but regained strength as market sentiment improved.<\/p>\n

Open interest in ETH futures dropped from $33 billion to $18 billion following the October 10 sell-off. Meanwhile, BitMine Immersion Technologies reported<\/a> that its ETH holdings now exceed 3 million tokens. The company confirmed its total crypto assets are valued at $12.9 billion, with ETH making up the majority of that figure.<\/p>\n

The post ETH Testing Support, Analysts Predict New ATH in November<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum (ETH) is trading near $4,000 after a week of mixed market action. The price dropped 4% in the past 24 hours and 15% over the last seven days. Analysts are watching a key support level, as the current structure suggests ETH may be preparing for another move higher. Structure Points to Further Upside Lark […]<\/p>\n","protected":false},"author":0,"featured_media":104703,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-104702","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\/104702"}],"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=104702"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/104702\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/104703"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=104702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=104702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=104702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}