Ether Nears $4.1K as Analysts Spot Bullish Pattern Repeat

Ethereum (ETH) is currently trading near $4,100 with a daily trading volume of $27.6 billion, showing slight declines over the past 24 hours but maintaining a 6% gain over the past week. The asset is trading within a narrow band between $4,000 and $4,150, forming what analysts describe as a potential base before a significant move higher. This sideways movement without new lows has drawn comparisons to historical patterns that preceded substantial rallies.

Analyst Galaxy has identified a striking resemblance between ETH’s current structure and the pattern observed between June and July 2025, when Ethereum moved from approximately $2,500 to $3,800 after forming lower lows and then trading in a tight range. The analyst noted on social media platform X that “We could very well be in the consolidation phase before the run to new all time highs,” suggesting the current setup may precede a similar upward movement.

Adding to the bullish technical outlook, analyst Crypto Rover shared charts comparing ETH’s current structure to the late 2020 pattern, where the asset traded in a small range before breaking out in November and continuing to rally through subsequent months. The timing of this potential move, based on chart analysis, may occur between late October and early November, creating anticipation among traders watching for breakout signals.

Traders are closely monitoring key resistance levels, particularly the $4,250 mark that ETH recently failed to hold above. According to analyst Ted, Ethereum pulled back to retest support near $4,050 but is showing strong bounceback potential. “So far, Ethereum is showing a strong bounceback and could rally toward the $4,200–$4,300 level again today,” he wrote, indicating short-term bullish momentum.

The technical formation identified by CryptoPotato as a “Power-of-3” pattern suggests that a move above $4,250 could trigger what traders view as the next expansion phase. This critical resistance level represents a make-or-break point for Ethereum’s near-term price direction, with successful突破 potentially opening the door to significant upward movement.

Despite recent outflows of $169 million from ETH-based investment funds, breaking a five-week streak of inflows, market interest remains robust. The continued strong demand for leveraged ETH products indicates sustained trader optimism and anticipation of short-term price movements, suggesting that institutional and retail interest in Ethereum remains healthy despite the temporary outflow reversal.

While technical analysis dominates trader discussions, fundamental developments continue to shape Ethereum’s ecosystem. A recent exchange between Ethereum co-founder Vitalik Buterin and Solana’s Anatoly Yakovenko regarding Ethereum Layer 2 security has raised important questions within the community about the actual security of these L2 networks. This dialogue highlights ongoing concerns about scalability solutions and their reliability as Ethereum continues to evolve.

The combination of technical pattern recognition, key resistance levels, and ongoing developer discussions creates a complex backdrop for Ethereum’s current market position. As analysts watch for potential breakout signals based on historical precedents, the broader ecosystem continues to develop, with security debates and institutional flows adding layers of complexity to ETH’s price trajectory and market sentiment.