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Ether prices have reclaimed the $4,000 level, adding 3.6% on the day to reach $4,060 during the Monday morning trading session in Asia.<\/p>\n
The asset has gained almost 10% since its crash to $3,700 on Oct. 17, but still has a long way to go, trading down 18% from its all-time high.<\/p>\n
ETH prices have also held on to key support levels with the weekly closing candle at $3,985, according to Tradingview. This solid support zone stems from December\u2019s highs and weekly closes.<\/p>\n
Ether \u201cwicked into its multi-year downtrend that was broken months ago for another retest attempt to then return into the range,\u201d which it is still holding, said<\/a> analyst \u2018Rekt Capital\u2019 on Sunday.<\/p>\n \u201cThere is not a single bearish thing about the ETH chart. It doesn’t really get much cleaner,\u201d said<\/a> analyst \u2018Sykodelic\u2019, highlighting<\/a> several bullish indicators.<\/p>\n \u201cThis has been the biggest and most devastating mental onslaught from market makers, and they have managed to convince everyone that it’s game over when the ETH chart looks like this.\u201d<\/p>\n<\/blockquote>\n \u201cEthereum is forming the most explosive setup since 2017,\u201d said analyst \u2018Merlijn the Trader\u2019 who identified a \u201ctextbook bullish pennant\u201d on the monthly time frame.<\/p>\n ETHEREUM IS FORMING THE MOST EXPLOSIVE SETUP SINCE 2017.<\/p>\n This isn\u2019t hype. Cycles don\u2019t lie.$ETH<\/a> is ready to rewrite history. pic.twitter.com\/EAkFM1Lfnj<\/a><\/p>\n \u2014 Merlijn The Trader (@MerlijnTrader) October 19, 2025<\/a><\/p>\n<\/blockquote>\n Meanwhile, the creator of the Bollinger Bands, John Bollinger, made<\/a> a rare prediction for ETH over the weekend, highlighting a \u2018W bottom\u2019 in the bands, which is a bullish reversal pattern.<\/p>\n John Bollinger makes barely one crypto call per year and hasn’t made one for ETH in three years until yesterday, said futures trader \u2018Satoshi Flipper.\u2019<\/p>\n \u201cAnd each call he makes goes on to mark generational bottoms. He just told us ETH has bottomed, now imagine fading this legend.\u201d<\/p>\n<\/blockquote>\n Ether Open Interest is now down 45% from its peak, meanwhile, Ethereum is only down 20% from its peak, observed<\/a> investor Ted Pillows on Sunday.<\/p>\n \u201cThis is actually a very bullish thing, as speculation is now very low.\u201d<\/p>\n<\/blockquote>\n If ETH rallies from here, it could pump toward $5,500 to $6,000 without getting too overheated, he predicted.<\/p>\n OI is the value or number of open Ether options contracts that have yet to be settled. It peaked at $21 billion in late August, according to Coinglass.<\/p>\n The post Ethereum Reclaims $4K, Poised For Explosive Breakout Say Analysts<\/a> appeared first on CryptoPotato<\/a>.<\/p>\nBig Move Ahead For ETH<\/h2>\n
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\nIt\u2019s a textbook bullish pennant on the monthly.<\/p>\n\n
Ethereum OI falls<\/h2>\n
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