ETH Testing Support, Analysts Predict New ATH in November

Ethereum (ETH) is trading near $4,000 after a week of mixed market ￰0￱ price dropped 4% in the past 24 hours and 15% over the last seven ￰1￱ are watching a key support level, as the current structure suggests ETH may be preparing for another move ￰2￱ Points to Further Upside Lark Davis, a popular market analyst, said Ethereum has broken out of a symmetrical triangle that had been in place since ￰3￱ the breakout, ETH touched the previous all-time high around $4,855 before pulling ￰4￱ is now forming a consolidation pattern just above the old ￰5￱ out on $ETH and the structure is clear: – ETH broke out of a multi-year symmetrical triangle that started back in 2021 – Rejected perfectly at the old macro swing high It’s now coiling inside a bullish pennant, and also testing the upper triangle line which was once… ￰6￱ — Lark Davis (@TheCryptoLark) October 13, 2025 He also pointed out that the upper triangle line, which acted as resistance, may now serve as ￰7￱ the asset holds and breaks out from this zone, Davis noted that a Fibonacci projection puts the next target near $7,300.

Bounce From Support Zone and Short-Term Setup Michaël van de Poppe said ETH recently bounced from a strong demand zone between $3,800 and $3,940. This area had acted as support earlier, and the price once again reacted from it with high ￰8￱ is now facing resistance around $4,200. Van de Poppe commented , “ I think we’ll see a new ATH for Ethereum in November ,” following the recent ￰9￱ long as ETH stays above the $3,800 level, traders are expecting another test of the $4,855 range in the short term. Moreover, Trader Tardigrade shared a chart showing a familiar pattern playing ￰10￱ this year, ETH moved sideways, formed three dips, and then broke out.

A nearly identical structure is now forming again. “Ethereum has completed three dips and returned to the consolidation zone. It’s ready to take off.” The chart shows ETH back at the top of the range, with buyers stepping in.