Ethereum's recent recovery from the key $3,800–$4,000 support zone, which started in late September, appears to be losing steam, displaying a shift in the market's bullish sentiment. This rally was driven by a mix of technical factors and positive news, including expectations of Federal Reserve monetary easing and a broader rise in risk appetite. However, the price has encountered significant resistance in the $4,420–$4,480 area, where growing selling pressure is confronting buyer enthusiasm.
Fading upward momentum finds reflection in oscillator dynamics. The Stochastic is nearing overbought territory, with %K at 78 and %D at 71, though it remains nominally neutral. The intersection of these lines indicates a slowdown in the purchasing power, preparing the ground for a possible halt or reversal. The Chaikin Oscillator corroborates this, as slowed growth points to insufficient volume-backed conviction to overcome the current resistance barrier.
The medium-term fundamental backdrop for ETHUSD remains supportive. A positive seasonal tailwind is provided by «Uptober» (October), generally known as a strong period for cryptocurrencies. The persistence of a bull trend in the broader crypto market, alongside ongoing expectations for new ETF product approvals, suggests the potential for a further rise in upcoming sessions.
Key levels to monitor are resistance at $4,480, and support at $4,200 and $4,080. To reach the $4,800 target, the market will probably need to consolidate its strength, possibly through a corrective move towards the aforementioned support zones, where buyer interest may resurface. After this accumulation period, there could be an attempt to challenge the $4,480 resistance. If successful, it could pave the way for the token toward $4,600.
Keep the following trading strategy in mind:
The correction to the $4,200–$4,080 range is the right time to buy Ethereum. Take profit: $4,480. Stop loss: $3,900.
This forecast is relevant from October 2 till October 9, 2025.
This content is for informational purposes only and is not intended to be investing advice.
