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Ethereum (ETH) is showing early signs of entering a possible expansion phase as it nears a key technical level. With ETH recently testing the $4,250 resistance zone, analysts are monitoring market behavior for a breakout and confirmation above this price level.<\/p>\n
On-chain metrics, technical patterns, and investor behavior are aligning to suggest a potential continuation in Ethereum\u2019s price trend.<\/p>\n
Ethereum is trading just below $4,200 after gaining over 2% in the past 24 hours. Technical analysts have identified a Power-of-3 (PO3) pattern forming on the 12-hour chart. This structure involves three stages \u2014 accumulation, manipulation, and expansion.<\/p>\n
According to analyst BitBull, Ethereum has completed the accumulation and manipulation phases. The accumulation range was between $3,570 and $4,050. This period showed sideways movement with low volatility. The manipulation stage followed, where price dipped below $3,670, triggering liquidity grabs before recovering quickly.<\/p>\n
\n$ETH<\/a> is perfectly forming a Power-of-3 pattern.<\/p>\n
Accumulation has happened.
\nManipulation has happened.<\/p>\nA breakout and close above $4,250 level will trigger the expansion phase. pic.twitter.com\/Ho4VrBIG29<\/a><\/p>\n
\u2014 BitBull (@AkaBull_) October 27, 2025<\/a><\/p>\n<\/blockquote>\n
The $4,250 resistance is seen as a major level for ETH. Analysts suggest that a clean breakout and daily close above this point could open the way for higher price targets. Fibonacci extension levels on the current chart place short- to mid-term targets at $5,270 and $5,940.<\/p>\n
Lennaert Snyder noted<\/a> that ETH recently tested the upper boundary of the compression range around $4,250 after reclaiming $4,030. He also pointed out possible support zones at $4,079 and $4,000.<\/p>\n
Long-Term Channel Supports Bullish Structure<\/h2>\n
Ethereum\u2019s price continues to track within a long-term ascending channel. This pattern has held since 2017, carrying ETH through multiple market cycles. It includes higher highs and higher lows, consistent with a rising trend.<\/p>\n
CryptoELITES shared<\/a> a chart showing the 2017 and 2021 all-time highs forming part of this ongoing structure. They added that Ethereum is \u201capproaching the projected 2025 ATH<\/em>,\u201d which is based on the channel\u2019s upper boundary. As long as ETH stays within this trend, analysts expect it to aim higher over time.<\/p>\n
Reduced Exchange Reserves and Wallet Accumulation<\/h2>\n
On-chain data shows<\/a> a drop in ETH held on exchanges, from 9 million to 6.7 million ETH over recent months. This signals reduced selling pressure, as tokens are being moved off exchanges. Such behavior often points to long-term holding or staking.<\/p>\n
As CryptoPotato<\/em> reported<\/a>, large wallet activity has also changed direction. After offloading over 1.3 million ETH in 11 days, whale and shark wallets are now reaccumulating. Meanwhile, investor Tom Lee has remained bullish.<\/p>\n
With the ETH price nearing the $4,250 breakout level, analysts and market participants are closely watching whether Ethereum will enter the expansion phase of the Power-of-3 pattern and continue its upward trend.<\/p>\n
The post Ethereum Forms Bullish Pattern, Breakout Toward $5K Could Be Next<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n