Key Technical Analysis Points for ETH-USDT
Strong Downtrend Channel Formation
The chart clearly shows that ETH has been trading within a descending channel pattern since reaching highs around $4,956 in August 2025. The parallel resistance and support trendlines are well-defined, creating a bearish bias that has dominated recent price action.
Probable Outcome
- If ETH can close convincingly above the descending trendline and sustain above $4,800 with strong volume, it could set up a medium-term bullish reversal, with upside targets at $5,000 and potentially higher if momentum continues.
- However, if the price faces renewed resistance at this trendline and forms a bearish rejection candle, expect a pullback toward $4,400 and possibly a retest of the $4,000 area as support—especially if trading volume declines or external sentiment turns negative.
Ethereum’s price has been rising gradually after hitting a low around $3,800, with each rebound showing strong momentum. It is now facing a major resistance line that has previously halted upward moves (around $4,800). If Ethereum breaks above this line and sustains its momentum, it could mark the beginning of a new uptrend. However, if it fails to break through and reverses downward, the price might revisit support levels near $4,400 or even $4,000. This zone is critical and will determine Ethereum’s next major move.
At the time of writing, ETH was trading at $4,694.
Summary:
As of October 7, 2025, the chart highlights a strong breakout for Ethereum. ETH has rebounded after respecting the support level at $3,868, delivering an almost 20% upward move from that point. It has now broken above the resistance level, which could signal further upside potential. However, keep a close watch, as this breakout could prove to be false if buying volumes are not strong enough.
Key Levels:
Support 2Support 1Asset Resistance 1Resistance 2$4,000$4,400ETH$4,800$5,000
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