Despite short-term weakness, analysts remain divided over the mid-term trajectory – with some eyeing deeper pullbacks while others foresee a powerful rebound toward $10,000 in the coming years.
ETH Holds Key $3,700 Support as Market Awaits Direction
According to a recent report from MakroVision, Ethereum is still trading within a descending channel, struggling to maintain support above $3,727. The firm notes that this region has repeatedly attracted buyers, suggesting that bulls remain active even as the broader structure remains corrective.
📊 #Ethereum Chart Update
ETH befindet sich weiterhin in seiner Korrekturphase innerhalb des fallenden Trendkanals (rote Linien). Aktuell stabilisiert sich der Kurs oberhalb der $3.727-Unterstützung, wo bisher mehrfach Käufer aktiv wurden.
📉 Kurzfristig:
🔸 Die Zone bis $3.600…— MakroVision Research (@MakroVisionDE) October 24, 2025
The report highlights the $3,600 zone as the pivotal line for the coming sessions. A decisive drop below that level could trigger a move toward the 0.5 Fibonacci retracement around $3,174, while maintaining support above it may open the door for renewed bullish momentum. MakroVision analysts identify $4,290 as the key breakout level – a move above which could spark an acceleration toward $4,780 and beyond.
Traders Eye $3.4K for Potential Long Entries
Market commentators are taking varied positions on the next big move. Popular trader Crypto Rover shared that he plans to go “max long” on ETH if the price dips to the $3.4K region, calling it a high-probability reentry zone for swing traders. His chart suggests Ethereum may still have some downside space before a potential reversal begins.
I’ll go max long on $ETH if we drop to levels around $3.4K…
— Crypto Rover (@cryptorover) October 25, 2025
Meanwhile, technical indicators show a cooling momentum. The Relative Strength Index (RSI) has slipped to 43, signaling mild bearish pressure but not yet deep oversold conditions. The MACD histogram remains below zero, reflecting a slowdown in upward momentum since mid-October. These signals collectively suggest consolidation rather than an imminent breakdown.
Analyst Ali Charts Sees $10,000 in Long-Term Outlook
In contrast to short-term caution, market analyst Ali Charts maintains a notably bullish long-term projection. In his latest analysis, Ali forecasted that Ethereum could ultimately reach $10,000 – though he cautioned that this milestone “won’t happen as soon as many expect.”
Ethereum $ETH will hit $10,000… Just not as soon as you think!
— Ali (@ali_charts) October 25, 2025
Ali’s weekly chart shows ETH forming higher lows since the 2022 cycle bottom, supported by a long-term ascending trendline. Once the $4,500 resistance area is decisively breached, he anticipates an extended uptrend fueled by structural demand and expanding institutional exposure.
Market Structure and Investor Sentiment
MakroVision’s report emphasizes that Ethereum remains above the 0.382 Fibonacci retracement, signaling that the broader uptrend is intact despite current weakness. The ongoing consolidation, it says, represents a “critical junction” where traders will determine whether the market enters a deeper correction or builds a new accumulation base.
The analysis aligns with a mixed investor mood: traders are cautious about short-term downside risks but still confident in Ethereum’s long-term value proposition amid ongoing ETF developments and institutional accumulation trends.