$4,250 Range Low Could Trigger Next Pump

Key Insights:

• Ethereum liquidity stacked near $4,250 could trigger rebound before continuation toward higher resistance levels.
• Ascending triangle pattern projects Ethereum breakout potential, with $6,000 target if momentum sustains through October trading.
• Hidden bullish divergence indicates trend strength, setting stage for Ethereum to reach $4,900 and possibly $8,000.

Ethereum’s order book data shows strong buy-side interest near the $4,250 zone. This cluster of orders, often described as a liquidity wall, can attract price movement as markets seek to fill demand. Traders see this as a level worth watching if the market pulls back.

Analyst Lennaert Snyder remarked, “Let’s work in there and pump Ethereum after,” pointing to the potential for price to dip into this level before rebounding. A reaction here could create a base for another push higher.

Ascending Triangle Points Toward $6,000

On the daily chart, Ethereum is consolidating in an ascending triangle pattern following its recent rally. The structure shows rising lows pressing against a horizontal resistance line, a setup often linked to continuation.

Captain Faibik commented,

 “$ETH is getting ready for another +30% bullish wave… $6000 is programmed in October.”

 The measured move from this formation suggests that a breakout above resistance could lead toward the $6,000 region.

Hidden Bullish Divergence Signals Momentum

Technical readings also reveal a hidden bullish divergence. Price has been recording higher lows, while momentum indicators trace lower lows. This pattern is commonly seen as a sign that underlying strength remains intact.

Javon Marks noted, 

“This divergence suggests $4,900+ and higher to come in… a move to those levels opens up room to reach $8,000+.”

However,  Clearing $4,900 would add weight to this scenario, opening room for extended gains if momentum continues.

Current Market Overview

Ethereum was trading at $4,515.99, showing a 2% loss over the past 24 hours and a 0.44% dip across the last week. Daily trading volume stands at $27.58 billion, reflecting strong activity despite the modest decline.

With liquidity stacked at $4,250 and bullish structures forming, traders are focused on whether Ethereum tests lower levels before attempting another leg higher. Targets of $4,900 and $6,000 remain in view, while longer-term projections extend to $8,000 if momentum builds further.