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As of October 28, 2025, the Ethereum (ETH) market shows the following characteristics: ![]() 1. Price range and key support - ETH has recently fluctuated within the range of 3,9004,200, with 3,900 being the key support level. - It tested above 4,000 several times and then fell back when it encountered resistance, indicating that there is strong selling pressure at this position. 2. Technical signals - Symmetrical triangle consolidation: If heavy volume breaks through 4,300, it may open up the upside to 4,670 or even 5,000. - RSI oversold: The current RSI is the lowest since April 2025, and similar situations have triggered a 134% rebound in history. - Whale activity: Large addresses (whales) have recently increased their holdings, indicating that long-term confidence has not diminished. 3. Market sentiment and capital flow - The ETH/BTC exchange rate hit a multi-year low, and some funds shifted to BTC or meme coins, causing ETH to be relatively weak. - The options market shows that ETH’s implied volatility is 9% higher than that of BTC, with traders anticipating increased short-term volatility. 4. Macroeconomic and institutional expectations - The Fed's interest rate cut expectations + global easing policies constitute a mid-term positive, and many institutions have raised their target prices: - Citi: 4,500 by the end of 2025; - Standard Chartered: Extremely bullish to 7,500 (if Q4 breaks through 5,000). - The historical Q4 average increase is +24%. If it stands firm at the 4,000 weekly line, analysts believe that 70008,000 is not out of reach. 5. Risk warning - A U.S. government shutdown or ETF approval delays could trigger a rapid 510% correction. - If it falls below 3,900, we need to be wary of testing the 3,7003,800 area. --- Brief conclusion In the short term, ETH is still oscillating and accumulating at 3,9004,300. Near 4,000, it can be regarded as a low-buying zone, but a stop loss needs to be set (such as 3,850). If the weekly close stands firm at 4,300, we can look at 4,670 → 5,000 ; On the other hand, if the heavy volume falls below 3,900, the long position will be suspended and wait and see. ![]() |