Ethereum Nears Critical Price Zone: Relief Rally Ahead?

Ethereum is trading just below a key resistance level after holding support at $3,800. Market focus is now on whether buyers can push through the overhead pressure or if the price will face another ￰0￱ Holds at $3,800, Approaches Resistance Band ETH has recovered from recent lows and is currently trading around $4,000. The asset found support in the $3,790 to $3,815 area, which has consistently acted as a base in recent ￰1￱ this level, another support zone sits between $3,550 and $3,670, offering a stronger floor if ￰2￱ Ted noted that Ethereum has once again bounced from $3,800 and is now testing the $4,000 to $4,100 resistance ￰3￱ range has shown strong selling pressure in the ￰4￱ buyers can close above this area, the next target lies near $4,236 to $4,265.

This level has previously acted as both support and resistance, which may attract renewed selling ￰5￱ current structure suggests the price remains in a defined ￰6￱ scenarios remain possible depending on how the asset reacts to the resistance ￰7￱ Pattern Points to Possible Breakout On the 3-day chart, Ethereum appears to be forming a classic cup-and-handle ￰8￱ cup took shape between January and August, as prices gradually recovered from a prolonged ￰9￱ reaching previous highs, the asset entered a consolidation ￰10￱ handle is forming as a downward-sloping ￰11￱ Trader Tardigrade highlighted three touches on both the upper and lower bounds of the channel, suggesting a controlled ￰12￱ chart shows ETH still within this formation.

A confirmed move above the top of the channel may suggest a continuation to the ￰13￱ analyst said, #ETH /3-day Ethereum has formed a textbook cup-and-handle ￰14￱ handle shows three touches at both the top and bottom of the channel. A breakout is the next event ￰15￱ — Trader Tardigrade (@TATrader_Alan) October 24, 2025 A clean breakout on higher volume would likely validate the ￰16￱ Shifts as Key Events Approach Additional commentary from Joe Swanson described a triple bottom around $3,750, calling it a potential setup for a ￰17￱ added that a move above $4,000 could lead to a 10% rally toward $4,280. EtherWizz noted that the market is entering a Wyckoff-style reaccumulation phase and expects $7,000 if $4,200 is reclaimed.

However, CPI data is expected , and the Federal Reserve’s meeting next week could affect ￰18￱ wrote , “These events could bring some buy pressure in Ethereum and result in a short squeeze.” Key Levels Remain in Focus While Ethereum continues to trade near resistance, many traders remain ￰19￱ Snyder noted that he is watching the $4,050 level for potential short positions if resistance holds, or long entries if the price breaks through with ￰20￱ remains in a tight range. A breakout above $4,100 would shift momentum and could attract stronger buying, while a rejection may lead to another retest of ￰21￱ are watching how the asset reacts to this zone.