Ethereum was trading at about $4,400 at the time of press. It has increased by 6% over the past 24 hours, and this week it has increased by 9%.
Meanwhile, analysts point to $4,505 as the key level to watch, suggesting that multiple technology setups can boost the next move if they surpass this barrier.
Focusing on $4,505 resistance
Crypto analyst Ali Martinez has identified $4,505 as one of Ethereum’s most important resistance zones. GlassNode’s UTXO data shows that the price distribution (URPD) has been realized, and around 1.75 million ETH, equivalent to 2.25% of supply, changed hands at this price for the last time.
$4,505 is one of the most important resistance levels for monitoring Ethereum $ETH. pic.twitter.com/0qhs2p0p5c
– Ali (@Ali_Charts) October 2, 2025
In particular, this creates a large, concentrated cost base. This means that many holders can consider selling or leaving when ETH retests levels. As assets are currently below $4,400, a sustained push above $4,505 could ease sales pressure. If the level fails, ETH can face repeated rejections, just like previous supply clusters.
Cup and Handle Breakout
Merlijn traders handled the formation of Ethereum charts, pointing to a multi-year cup. This pattern began to form in 2022, shaping cups and in 2025, it was followed by a nearly $4,300 retest of handles.
Ethereum is then broken above the neckline. Merlijn described the movement as the “Holy Grail” and stated:
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$eth drew the Holy Grail.
One breakout erased three years of chops.
Measured travel point vertical.Next stop on Ethereum: 5 digits.
Do not fade the script. pic.twitter.com/odkqriqvwe-MERLIN THE TRODER
The measured movement from the pattern projected targets well above the current level, suggesting the possibility of a push into the $10,000 range if the breakout was retained.
Cycle repeat indicates the possibility of a parabolic
Another analyst, Ethernasyonal, compared the current structure of Ethereum with past cycles. In both 2016-2017 and 2019-2021, ETH cleared a great deal of resistance, retested it as support, and then accelerated into a sudden rally.
Ethereum is currently showing the same setup for the third time. The coin retested resistance and turned the support for around $4,388. According to EthernasyOnal:
“Ethereum has experienced roughly the same scenario in three different market cycles.”
As history repeats itself, ETH may be preparing for another big upward phase.
The ETH/BTC pair shows room to run
Michael Van de Poppe focused on the ratio of Ethereum to Bitcoin. The pair rose 144% from May to August before revising. It is currently trading near 0.0366 BTC and is marked as “ideal zone for Buys” at 0.03250 BTC.
Van de Poppe explained:
“We’re seeing this gain momentum in the coming weeks given that the BTC pair is still well withstanding here and offering standard fixes.”
He added that ETH usually slows down when Bitcoin collects and creates space for Altcoins to run.
