Key Insights:
- Ethereum price hovered near $4,100 at press time after a 1% weekly decline.
- Analysts marked resistance at $4,158, $4,307, and $4,505, and support down to $2,772.
- Tom Lee forecast ETH price could hit $10,000–$12,000 by year-end 2025.
Ethereum price traded near $4,100 after losing about 1% during the prior week. Notably, ETH has gone through a volatile road this month, sparking speculations over its potential next move.
Now, the question that arises is whether ETH price can overcome selling pressure or test deeper support.
Ethereum Price Faces Heavy Resistance Above $4,000
Market analyst Ali Martinez identified resistance levels near $4,158, $4,307, and $4,505 for Ethereum price.
These figures came from Glassnode’s Realized Price Distribution data, which shows where large amounts of tokens last moved.
Such areas often act as ceilings because holders who bought there may sell at breakeven.
ETH price last set an all-time high around $4,950 in August. At press time, the token was about 19% below that peak.
Analysts said the next bullish wave could only develop if ETH price cleared these resistance clusters with strong momentum.
The resistance zones reflected prior buying activity during earlier rallies. If demand failed to absorb this supply, the price risked extended consolidation.
Market pundits also said that buyers would need significant inflows from institutional or retail sources to drive the breakout.
Key Levels to Watch Ahead for Potential Next Move
The key support levels for Ethereum price were also mapped using the same distribution data. Martinez cited zones around $3,515, $3,020, and $2,772.
These levels represented points where heavy trading occurred in the past and could again attract buyers.
After ETH price fell under $4,000, Martinez noted that the next meaningful support stood near $3,500.
During September, the token dipped to about $3,820 before rebounding toward $4,000. That recovery lacked strong conviction, suggesting limited buying strength.
If ETH price retested $3,500, analysts expected that zone to determine whether further declines unfolded.
The deeper support levels closer to $3,000 and $2,800 were viewed as fallback areas where long-term holders might re-enter the market.
Technical traders pointed out that the price structure mirrored prior correction phases. In past cycles, ETH often tested such lower levels before resuming upward moves.
Whether this pattern would repeat depended on broader flows, including Ethereum ETF activity and macroeconomic conditions.
Long-term ETH Price Outlook
Despite near-term weakness, several analysts maintained bullish long-term forecasts for Ethereum price.
Tom Lee, co-founder of Fundstrat and chairman of BitMine, said ETH price could enter “real price discovery” in 2025.
He projected the token might reach $10,000–$12,000 by year-end.
Lee argued that Ethereum’s neutrality as a settlement layer, its scaling progress, and its policy standing made it well-positioned for growth.
Besides, he also pointed to support from Wall Street firms, which are increasingly engaged with Ethereum-based applications.
Corporate positioning reflected this outlook. BitMine disclosed holdings of 2.41 Million ETH, worth more than $10 Billion at press time.
The company reported that it had shifted its treasury strategy to focus heavily on Ethereum, making it the largest known corporate holder of the token.
Analysts said such accumulation showed confidence in Ethereum’s long-term role in decentralized finance and infrastructure.
Even if Ethereum price stayed range-bound in the short run, large-scale holdings by institutions suggested expectations of eventual appreciation.
What Lies Ahead for Ethereum Price?
With Ethereum price near $4,100 at press time, the token sat between resistance above $4,000 and support below $3,500. Analysts said these boundaries framed the immediate outlook.
A breakout above resistance could open the way back to the $5,000 region, while a breakdown might trigger tests of $3,000 or lower.
Market participants continued to monitor realized price distribution data for clues on where supply and demand could shift.
The long-term path for Ethereum price still drew optimistic forecasts, but its short-term direction hinged on whether bulls or bears controlled these critical levels.