Ethereum Price Drama: Will ETH Hit $5K or Crash into Oblivion?

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So, Ethereum’s over here just casually showing off its strength like it’s the life of the party, trading at a cool $4,670. It’s all looking peachy as it edges closer to the middle of its “fancy” ascending channel. Sure, the market has been recovering since late September, but guess what? We’re starting to see signs that it might be getting a little tired. Yup, exhaustion is real, people! So, brace yourself for a *possible* pullback before it does its thing and pushes higher. Or maybe it won’t. Who knows? It’s crypto, darling.

Technical Analysis (aka “We’ve Got Some Fancy Charts”)

By Shayan (the one who knows more than us)

The Daily Chart (Yes, We Look at This Stuff)

On the daily timeframe, ETH is like, “I’m totally fine within my rising channel.” It’s being held up by the 100-day moving average around $3,900 and the 200-day at $3,000-like a supportive friend who’ll help you through your bad decisions. It’s testing that resistance at $4,800-basically the “I’m not sure I can go any higher” zone. Sounds like a problem.

The RSI is at 62. Look, it’s not too hot, not too cold-just a healthy, “I’m doing okay” vibe. If ETH pushes above $4,800, it might *gasp* test the psychological $5,000 level. But if it doesn’t? Oh boy. It could drop down to the $4,000 support level, which would be really inconvenient for those hoping to see a moon mission.

The 4-Hour Chart (The Short-Term Drama)

Okay, so the 4-hour chart is telling us something a little shady: price and RSI are kinda breaking up. It’s a bearish divergence, people! They’re just not on the same page anymore. ETH’s testing that $4,700-$4,800 resistance zone, and it’s *so* tired. But wait, there’s a little hope in the form of a bullish Fair Value Gap (FVG)-seriously, who comes up with these names?-around $4,600. This could provide some short-term support before ETH does its thing and rallies again. Or it could all go down in flames.

So, what happens next? If buyers get their act together and defend that gap, we’re looking at another shot at $4,800. But if they mess it up? Yeah, we could see a dip to $4,200, where there’s another critical support zone. It’s like playing Jenga, but with your money.

Onchain Analysis (AKA “We’ve Got Data, Baby”)

While Ethereum’s price is doing its best “look at me, I’m amazing” thing, on-chain activity is side-eyeing it like, “Hmm, not so fast.” The number of active addresses has been dropping recently, even though the price is climbing. Classic case of “I’m doing fine, but no one’s really paying attention to me anymore.” Not ideal, right?

For this rally to actually stick around, we need those active addresses to pick up the pace. If they don’t? Uh-oh. ETH might struggle to break through that $4,700-$4,800 resistance zone. It’s like trying to throw a party without any guests.

 

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2025-10-07 15:59