Analysts in the crypto space have their sight set on Ethereum price action. According to Ethereum Price Prediction by many ETH will likely continue on its uptrend as excitement gradually makes its way into the market.
Some top coins, such as BNB and SOL have been rallying, but ETH price remained relatively subdued.
However, some analysts recently identified an interesting pattern that could signal where ETH price might be headed next.
Crypto influencer and analyst Lark Davis noted in a recent vlog post that the Ethereum price has been deviating from its 200-day moving average after its latest rally.
According to the analysis presented, the current price-to-200-MA deviation was similar to what happened in September 2020.
The latter resulted in a major rally in the months that followed. However, it also signaled that short-term retracements were on the menu.
The analysis also revealed that the ETH/BTC chart was about to experience a MACD inversion just as it did in mid-September 2020.
The pair pulled back by almost 40% the last time it happened with the exact setup. This kicked off an ETH price breakout.
Ethereum Price Pair with the US dollar and ETH/BTC pair Form a Noteworthy Pattern
Another Ethereum price uncovered the formation of triangle patterns. A similar observation was made for the ETH/BTC pair, and similar triangles also occurred in September 2020.
The ETH/BTC price chart also demonstrated a potential pivot in the MACD crossover. The latter has been declining in the last 4 weeks.
Meanwhile, on the ETH price chart, a similar triangle pattern revealed that a potential breakout was on the cards.
The timing of the breakout zone based on this pattern pointed towards the end of September 2025.
The data revealed that analysts were leaning more towards the technical side of things. This was courtesy of the improving macro-economic conditions despite the failure to yield a significant impact on price recently.
Although the analysis highlighted the possibility of a bullish breakout, the data also revealed that a sizable pullback may occur. If so, then price could retrace towards the $4,000 price level.
Ethereum Price Prediction: Onchain Analysis Reveals Rising Sell Pressure
The bearish signals flashing on the Ethereum indicators were complemented by on-chain activity which leaned in favor of rising sell pressure.
A recent CryptoQuant report revealed that the Ethereum taker buy/sell ratio has recently been leaning more towards the sell side.
The taker buy/sell ratio dipped below 0.87 on Friday and this was the third time that it retraced to such levels in 2025.
Moreover, price also retraced the the previous two times that it pulled back to the same level. This observation also underscored yet another potential reason why ETH price was likely to adopt a bearish bias.
The cryptocurrency has been struggling to push above $5,000, highlighting a demand cooldown just below that price level.
Weak demand could lead to capitulation in favour of the bears. The CryptoQuant report noted that there was also a surge in sell pressure in the derivatives market. This could place more sell pressure on ETH.
The analysis warned of the potential for a short squeeze event if the level of sell pressure in the derivatives intensifies.
Spot market data revealed that netflows leaned on the negative side since 12 September. ETH whale activity on top exchanges remained bearish in the derivatives segment.
However, Binance spot flows were in the green by over $11 million in the last 24 hours.