Ether hovered near $3,946 at 1:57 p.m. UTC on October 25 after a large volume rejection around $4,000, leaving the price below resistance, while analysts presented five-digit scenarios and on-chain data indicated the addition of larger wallets.
Analyst view
Analyst Ali Martinez forecasts a long-term trajectory to $10,000, warning it could take longer than expected; his weekly sketch involves a step back to 2026 followed by a climb to five figures around 2027-2028.
Separately, The Long Investor has set a target of $13,500 by 2029, framing a multi-year trajectory rather than a short-term call.
On the flow side, Santiment said “whales and sharks” holding 100 to 10,000 ETH added back about a sixth of the coins they sold between October 5 and 16, describing this as a sign of improving confidence among large accounts.
Together, these views are constructive over a multi-year horizon, but they also imply that removing major resistance levels must come first before momentum can build.
Session Overview
According to CoinDesk Research’s technical analysis data model, ether rose from $3,955.91 to $3,937.05 during the previous 24-hour session ending this morning (UTC), a change of around $120 (around 3.1% intraday) that ended near the lower end. The pattern marks resistance at the $3,945-$4,000 area and support around $3,870-$3,880, with an immediate plateau near $3,930. The structure reflects a narrowing range below a round number cap and above a recently defended support zone.
Intraday Volume and Context
The key inflection occurred when volume surged 188% above the 24-hour average – peaking at 444,887 contracts – during a failure to breach the $4,000 level. The price briefly reached $4,001.69 before sellers capped the move.
Following this rejection, ETH made lower highs and settled into a late session rectangle between $3,930 and $3,940 as activity cooled. A smaller wave of 23,884 contracts pushed the price toward $3,948, but it faded unfollowed above $3,945, reinforcing the idea that $3,945 to $4,000 is the local cap that requires a decisive breakout.
What to watch next
A clean break and hold above $4,000 at the UTC close would open $4,100 and put the highs from earlier in the month back in sight; failing that, a loss from the immediate $3,930 level would likely send the price towards the $3,870-$3,880 demand zone identified by the model. Analyst projections span multiple years and do not depend on a single day, but near-term traction still depends on the high $3,900 converting into support.
CoinDesk Index 5 (CD 5)
During the same window, the CoinDesk 5 Index rose from 1,945.13 to 1,953.72 after reversing from an intraday low at 1,922.57 and stopping near 1,961.57, with support firming around 1,920 to 1,925 after several checks.
Last reading of 24 hour and 1 month charts
From 1:57 p.m. to 1:58 p.m. UTC on October 25, ETH was at $3,946 (up 0.5% over the period). On the 24-hour chart, the session opened near $3,926, reached a high of $3,957 and a low of $3,876. In practical terms, $3,900-$3,920 served as intraday buying zones, and $3,950-$3,960 capped bounces before the next attempt at $4,000.
On the one-month chart, ETH has rebounded from the mid-October decline and is heading back towards $4,000, still below the highs from earlier in the month – a setup that supports analysts’ view of a longer path to the upside, provided resistance gives way and recovered levels hold during subsequent retests.
Disclaimer: Portions of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance. our standards. For more information, see CoinDesk Comprehensive AI Policy.
