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Ethereum News Today: Ethereum Faces Critical $4,100 Threshold as Bulls and Bears Battle

Ethereum News Today: Ethereum Faces Critical $4,100 Threshold as Bulls and Bears Battle

Bitget-RWA2025/10/31 16:04
By:Bitget-RWA

- Ethereum (ETH) near $4,100 support triggers debate over short-term rally vs. consolidation amid double-bottom pattern and bearish technical indicators. - Symmetrical triangle consolidation and $7M outflows signal weak institutional participation, while $4,000-$4,250 resistance remains critical for directional clarity. - Long-term bulls project $10,000 by 2027-2028 if ETH clears key resistance, supported by whale repurchases of 16% sold coins since October 5. - Upcoming Fed policy decisions and liquidity

Ethereum (ETH) has bounced back near the $4,100 support area, leading to discussions among market experts about whether the digital asset is set for a short-term surge or will continue to consolidate. On the 4-hour chart, the price has created a double-bottom formation, with both troughs found around $3,713 and a neckline at $4,100 serving as a significant resistance point,

notes. If ETH manages to break above this barrier, technical analysts believe it could climb to $4,491, representing a 10% increase from its current price. Still, some bearish signals—including a flattening EMA ribbon and negative divergences in the RSI—point to ongoing market hesitation, warns.

Recent price movement reveals a struggle between bullish and bearish forces. On the 2-hour chart,

has been trading within a symmetrical triangle pattern, with resistance between $4,200 and $4,250—an area that has already turned back upward moves. Key support now lies at $4,064 (100-EMA) and $4,020 (50-EMA); dropping below these could open the door to $3,900, a demand zone that previously held strong this month, Benzinga reported. On-chain metrics show subdued activity, with Ethereum seeing nearly $7 million in outflows on October 28, indicating a decrease in institutional involvement, the Benzinga report added.

Despite short-term swings, long-term sentiment remains positive. Analyst Ali Martinez has outlined a multi-year projection for ETH, suggesting it could reach $10,000 by 2027–2028, though he cautions that significant resistance levels must be surpassed first, according to

. This optimistic forecast is reinforced by on-chain trends, as large holders—those with 100–10,000 ETH—have bought back about one-sixth of the coins they sold between October 5–16, reflecting renewed confidence among major investors, the Yahoo report noted. However, these outcomes depend on ETH overcoming its current obstacles.

The next few days will be crucial for Ethereum. A decisive move above $4,000—which saw a 188% spike in trading volume during a failed rally earlier this week—could spark renewed momentum toward $4,100 and higher, the Yahoo article stated. On the other hand, losing the $3,930 support could push prices down to the $3,870–$3,880 range, according to CoinDesk Research. The neckline of the double-bottom at $4,100 remains a key level: maintaining this support could confirm a bullish reversal, while a drop below it would strengthen the bearish outlook toward $3,700, as Crypto.News reported.

Broader economic factors may also influence Ethereum's direction. With upcoming decisions from the Federal Reserve, any reduction in macroeconomic pressures could spark a relief rally, potentially allowing ETH to revisit $4,500, Benzinga observed. However, unless on-chain conviction grows or technical signals become clearer, Ethereum's path remains uncertain. Traders are expected to monitor liquidity zones between $4,100–$4,200, where a short squeeze could drive prices higher—or, if $3,900 fails, the asset could face steeper declines.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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