ETH Chart Flashes Classic Rally Pattern, $4.8K or $7K Next?

Ethereum (ETH) has moved back above key support after a brief breakdown, with the asset recovering toward $4,150. The move comes after a 24-hour gain of over 8%, though ETH remains down more than 8% over the past ￰0￱ Repeats After False Breakdown A chart shared by Trader Tardigrade outlines a recurring price pattern: a false breakdown, followed by a reclaim of support, and then a rally. $ETH /daily #Ethereum has reclaimed above the previous low, which was marked as a support, after a false breakdown. It’s following this pattern: False breakdown Reclaim Rally We might see a Rally moving above the previous high soon ￰1￱ — Trader Tardigrade (@TATrader_Alan) October 13, 2025 The exact sequence has occurred multiple times over the past ￰2￱ each case, the breakdown led to a sharp ￰3￱ most recent setup shows ETH reclaiming the $3,650 ￰4￱ pattern points to a possible move back toward the $4,800 level if momentum ￰5￱ Targets $7,000 by Mid-2026 Investor Mike Investing posted a weekly ETH chart projecting a long-term price target of $7,000 by May ￰6￱ chart shows ETH trading well above its 200-week moving average, now near $2,447.

This level has acted as a base during previous market cycles. Remarkably, the post claims that during the recent correction, large firms including BlackRock, BitMine, and Vanguard increased their ETH ￰7￱ this activity isn’t confirmed in public filings, the chart suggests a strong return is possible over the next several months if ETH holds above support. I’m officially calling it… $ETH had its final hard pullback below $4,000 before it begins its multi month incoming ￰8￱ the recent pullback institutions like BitMine, Blackrock, & Vanguard all loaded collectively billions in $ETH . $7000+ by May ￰9￱ my words… ￰10￱ — Mike Investing (@MrMikeInvesting) October 12, 2025 In addition, a separate chart from Mister Crypto compares Ethereum’s current structure to its 2016–2017 ￰11￱ side-by-side view shows that both charts experienced a breakout, followed by a short ￰12￱ the earlier cycle, this setup led to a steep multi-month ￰13￱ post claims, “ This $ETH setup looks so much like it did in 2017, ” placing the current phase just before a major leg ￰14￱ watching fractals often use these historical patterns as rough guides, but outcomes can ￰15￱ Premium Hits Year-High On-chain analyst CryptoOnchain reported a sharp spike in Ethereum’s Coinbase Premium Gap, hitting +6.0 on October ￰16￱ shows ETH was trading much higher on Coinbase than on global exchanges like Binance, often a sign of strong U.

S. demand. “While the global market was selling, an overwhelmingly aggressive wave of buying was taking place on the Coinbase exchange,” the post ￰17￱ kind of buying often reflects institutional interest, especially when it shows up during market corrections.