The price of Ethereum has fallen above the moving average lines after encountering resistance at $4,752. Price analysis by Coinidol.com.
Ethereum price long-term analysis: bullish
Buyers were unable to maintain the bullish momentum to reach the previous high of $4,958. Had buyers succeeded, the largest altcoin could have risen to $5,500.
Today, ETH has declined but remains well above the moving average lines. Since its drop on October 7, bulls and bears have been contesting the area above the moving average lines. If the 50-day SMA support holds, Ether will resume its upward trend and trade between the 50-day SMA support and the $4,800 level. However, if Ether loses its 50-day SMA support, it will fall to the $4,000 support area. Ether is at $4,462 at the time of writing.
Technical Indicators:
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Key Resistance Levels – $4,500 and $5,000 -
Key Support Levels – $3.000 and $2,500
ETH indicator analysis
Today’s Ether price bars have retraced above the horizontal moving average lines. The cryptocurrency has remained above the moving average lines for the past 24 hours. On the 4-hour chart, the price bars are between the moving average lines, indicating that the altcoin will move within a range.
ETH/USD daily chart – October 8, 2025
What is the next direction for ETH?
The price has paused its decline above the $4,400 support. On the 4-hour chart, Ether is trading above the 50-day SMA support but below the 21-day SMA barrier. The bears have retested the 50-day SMA three times, but the bulls have bought on the dips. If the 21-day SMA is breached, the bullish trend will resume. Meanwhile, the altcoin is trading in a narrow range $4,400 to $4,600.
ETH/USD 4-hours chart – October 8, 2025
Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.