ETH is brewing a big trend? The price triangle is converging, breaking through $4,800 or going straight to $5,800!

Vitalik 2025-10-2 04:10 16772人围观 ETH

Enter the community for free, do not recommend exchanges, do not follow links to enter skirts and add Q: 2374879382 The recent Ethereum (ETH) market makes people unable to help but take a second look. On the chart, ETH is moving into a very standard “bull

Enter the community for free, do not promote exchanges, do not follow links

Enter skirt and add Q: 2374879382

The recent market situation of Ethereum (ETH) makes people unable to help but take a second look.

On the chart, ETH is moving into a very standard “bullish pennant” pattern. What does it mean? That is, the price fluctuates within an increasingly narrow range, with a resistance level at the top and a support level at the bottom. Once a breakthrough occurs, it is often a big market move.

The price of ETH is currently hovering around $4,500, and the market is waiting with bated breath. Will it hit $5,000 or even $5,800 next?

Graphic Interpretation: ETH is on the road to “explosion”

To put it simply, ETH is currently trading back and forth between support at $4,400 and resistance at $4,800.

Every time the price goes back to the $4,400-$4,500 area, it will be caught by a large number of buying orders.；
The upper level of $4,700-$4,800 is the key resistance, and a breakthrough is likely to usher in a major explosion.

Analysts say this structure is called a "bullish pennant" and often appears in the consolidation phase before prices explode. The moving average of ETH is still upward, indicating that the short-term trend is still strong.

“As long as it doesn't fall below the trend line, this graph is still viable. ”

Big whales are also quietly adding positions

On-chain data shows that the number of addresses holding more than 10,000 ETH has increased significantly in recent months.

What's the meaning? It is those super-large investors (who may be institutions or early players) who are beginning to be bullish on ETH again, and they are supporting it with real money.

Researcher Diana Sanchez pointed out that these addresses have been relatively quiet for a long time, and now they are suddenly active. It is likely that they have predicted in advance that ETH will strengthen further.

What's even worse is that the floating profit on the books of wallets holding 10,000 to 100,000 ETH is already close to the level at the peak of the bull market in 2021.

Exchange inventories hit record lows, and selling pressure is getting smaller and smaller

According to data from CryptoQuant, there are currently only 16.9 million ETH left on the exchange, which is the lowest level in several years.

What does this mean? Most likely:

Users withdraw ETH from the exchange and transfer it to a cold wallet or hold it for a long time.；
There are fewer and fewer chips on the market that can be used to "smash the plate"；
If there is a good push, prices may rise more easily.

The well-known trader Merlijn Trader also said something cruel:

“The supply shock of Ethereum is happening, and every time it drops, it is bought. ”

Next stop: Looking at $5,000, or even $5,800?

Some technical analysts have already given price targets:

Mister Crypto said: If it can effectively break through $4,800, ETH is expected to go straight to $5,800.
However, the trading volume has not yet increased significantly, and we need to observe whether it can be accompanied by a breakthrough in heavy volume.

To summarize:

ETH is already standing at a critical technological threshold. If this wave can break through $4,800, the next stop may be $5,000+.

However, don't forget that there are risks - if a breakthrough cannot be made, short-term fluctuations or even a correction are possible.

During the bull market stage, many people hope to have a free communication group. If you really can’t get involved in the currency circle, you want to know the latest news and layout, embrace the bull market, increase your winning rate, and say goodbye to being trapped in high positions. Welcome to join the group, we will publish market analysis, recommend high-quality potential currencies every day, and provide the best answers!