Ethereum Forms Bullish Pattern, Breakout Toward $5K Could Be Next

Ethereum (ETH) is showing early signs of entering a possible expansion phase as it nears a key technical ￰0￱ ETH recently testing the $4,250 resistance zone, analysts are monitoring market behavior for a breakout and confirmation above this price level. On-chain metrics, technical patterns, and investor behavior are aligning to suggest a potential continuation in Ethereum’s price trend. Power-of-3 Pattern Nearing Expansion Phase Ethereum is trading just below $4,200 after gaining over 2% in the past 24 ￰1￱ analysts have identified a Power-of-3 (PO3) pattern forming on the 12-hour ￰2￱ structure involves three stages — accumulation, manipulation, and ￰3￱ to analyst BitBull, Ethereum has completed the accumulation and manipulation ￰4￱ accumulation range was between $3,570 and $4,050.

This period showed sideways movement with low ￰5￱ manipulation stage followed, where price dipped below $3,670, triggering liquidity grabs before recovering quickly. $ETH is perfectly forming a Power-of-3 ￰6￱ has ￰7￱ has happened. A breakout and close above $4,250 level will trigger the expansion ￰8￱ — BitBull (@AkaBull_) October 27, 2025 The $4,250 resistance is seen as a major level for ￰9￱ suggest that a clean breakout and daily close above this point could open the way for higher price ￰10￱ extension levels on the current chart place short- to mid-term targets at $5,270 and $5,940. Lennaert Snyder noted that ETH recently tested the upper boundary of the compression range around $4,250 after reclaiming $4,030.

He also pointed out possible support zones at $4,079 and $4,000. Long-Term Channel Supports Bullish Structure Ethereum’s price continues to track within a long-term ascending ￰11￱ pattern has held since 2017, carrying ETH through multiple market ￰12￱ includes higher highs and higher lows, consistent with a rising ￰13￱ shared a chart showing the 2017 and 2021 all-time highs forming part of this ongoing ￰14￱ added that Ethereum is “ approaching the projected 2025 ATH ,” which is based on the channel’s upper ￰15￱ long as ETH stays within this trend, analysts expect it to aim higher over ￰16￱ Exchange Reserves and Wallet Accumulation On-chain data shows a drop in ETH held on exchanges, from 9 million to 6.7 million ETH over recent ￰17￱ signals reduced selling pressure, as tokens are being moved off ￰18￱ behavior often points to long-term holding or ￰19￱ CryptoPotato reported , large wallet activity has also changed ￰20￱ offloading over 1.3 million ETH in 11 days, whale and shark wallets are now reaccumulating.

Meanwhile, investor Tom Lee has remained ￰21￱ the ETH price nearing the $4,250 breakout level, analysts and market participants are closely watching whether Ethereum will enter the expansion phase of the Power-of-3 pattern and continue its upward trend.