Ethereum

Momentum

Resistance

<p>Ethereum is showing signs of strength again as it attempts to reclaim key resistance levels after a sharp early-October drop. The bounce from the lower boundary of the descending channel has brought it back toward $4,150. Momentum is building, but the market remains cautious ahead of key resistance levels.</p>
<h2 id="technical-analysis">Technical Analysis</h2>
<p>By Shayan</p>
<h3 id="the-daily-chart">The Daily Chart</h3>
<p>On the daily chart, the asset is retesting a supply zone just under the top of the descending channel. The rejection wicks from last week showed clear seller interest, but today’s candle is pushing back into that region, suggesting a potential breakout attempt.</p>
<p>The 100-day moving average, located around $4,150 mark, is acting as resistance for now, while the 200-day moving average sits much lower, around the $3,300 mark. If ETH manages to close above $4,200 and the higher boundary of the pattern, the next test will likely be around $4,600. Yet, buyers still need stronger confirmation.</p>
<p><a href="https://cryptopotato.com/wp-content/uploads/2025/10/ETH-Daily-8-scaled.jpg" rel="noopener noreferrer nofollow"></a></p>
<h3 id="the-4-hour-chart">The 4-Hour Chart</h3>
<p>On the 4-hour chart, ETH pierced into the orange supply zone at $4,200, but is facing a quick rejection. This zone is just below the top of the descending channel, adding more confluence.</p>
<p>The RSI also printed an overbought signal and has turned down from these elevated levels, indicating a potential short-term pullback or consolidation. However, higher lows are still forming, and the recent rally from $3,600 has been sharp, showing aggressive buyers stepping in on dips.</p>
<p><a href="https://cryptopotato.com/wp-content/uploads/2025/10/ETH-4H-13-scaled.jpg" rel="noopener noreferrer nofollow"><img src="https://cryptopotato.com/wp-content/uploads/2025/10/ETH-4H-13-scaled.jpg" alt="" width="2560" height="1345"></a></p>
<h2 id="sentiment-analysis">Sentiment Analysis</h2>
<h3 id="funding-rates">Funding Rates</h3>
<p>Sentiment across the Ethereum futures market is showing signs of growing optimism, but it has not yet reached a dangerous level. Funding rates have turned consistently positive after some significant negative prints, especially during the September and early October dip.</p>
<p>This suggests that more traders are positioning long, expecting further upside. However, funding isn’t excessively high, meaning the market hasn’t yet entered a euphoric or over-leveraged phase. That’s a healthy sign for continuation, especially if the price manages to break above the current resistance range.</p>
<p><a href="https://cryptopotato.com/wp-content/uploads/2025/10/Ethereum-Funding-Rates-All-Exchanges-2-scaled.jpg" rel="noopener noreferrer nofollow"><img src="https://cryptopotato.com/wp-content/uploads/2025/10/Ethereum-Funding-Rates-All-Exchanges-2-scaled.jpg" alt="" width="2560" height="1440"></a></p>
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<p>The post <a href="https://cryptopotato.com/ethereum-price-analysis-eth-builds-bullish-momentum-but-key-resistance-still-stands/" rel="noopener noreferrer nofollow">Ethereum Price Analysis: ETH Builds Bullish Momentum But Key Resistance Still Stands</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.</p>

Ethereum Price Analysis: ETH Builds Bullish Momentum But Key Resistance Still Stands

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