Bull or Bear? ETH Faces Key Test After Another Sharp Pullback

Ethereum is trading at $3,780 after falling 6% in the last 24 hours and 13% over the past ￰0￱ the pullback, market analysts are split on where the asset could move ￰1￱ some charts suggest a shift in momentum, others point to a completed retest and the potential start of a new upward ￰2￱ Expects New Leg Toward $10K Crypto analyst Michaël van de Poppe believes Ethereum may be preparing for its next leg ￰3￱ noted that the asset recently completed a key retest and may break to new highs ￰4￱ his view , “In the coming days, maybe 1–2 weeks, a new leg on ETH starts.” He also added that the retest of the previous resistance zone appears complete, which could open the door for a ￰5￱ de Poppe suggested this move could potentially bring Ethereum closer to the $10,000 mark, assuming momentum builds in the short ￰6￱ the ETH/BTC pair, Ethereum is holding above a support level near 0.033 BTC, which had acted as resistance earlier in the ￰7￱ asset is now around 0.036 BTC, showing signs of ￰8￱ area has been identified as an “ ideal zone for buys ” by traders watching the pullback closely.) October 17, 2025 Previous MACD bearish crossovers on the weekly chart have resulted in losses ranging from 18% to over 80%.

While the current signal is not yet confirmed, traders are monitoring for any signs of a deeper ￰9￱ Bound with Key Levels to Watch ETH is currently trading in a range between $3,530 and $4,800, according to Ali ￰10￱ $4,100 level has acted as both support and resistance. A break above $4,800 would signal strength, while a drop below $3,530 could confirm a bearish ￰11￱ comes first for Ethereum $ETH : $3,500 or $4,800? ￰12￱ — Ali (@ali_charts) October 17, 2025 On-chain data shows that over half of Ethereum’s supply is held by ten non-exchange ￰13￱ reported by CryptoPotato, these wallets include custodians, staking pools, and long-term holders, most of whom do not react to short-term price changes.