Ethereum Price Rises Above $4.500: Bullish Predictions

Ethereum Price Surpasses $4.500: Analysts Predict Possible Bullish Reversal

3 October 2025 at 16: 11

Reading time: 2 minutes

The price of Ethereum has once again surpassed the $4.500 mark and is currently trading 9% below its all-time high of $4.946. These developments have paved the way for a wave of optimistic predictions about this leading altcoin.

Market expert Gert van Lagen has shared his insights on X (formerly known as Twitter), suggesting that the Ethereum price is currently developing following a 'textbook' expanding diagonal pattern on the biweekly chart. This expanding diagonal pattern is characterised by a series of ascending trendlines, which signals a potential reversal from a downtrend to an uptrend.

Over the past month and a half, the Ethereum price has consolidated within a range of $4.200 to $4.600, briefly dipping to $3.800 on September 25th. However, this price found significant support, resulting in a quick return to the crucial support level of $4.000.

By connecting the lower points of these downward movements—known as waves 2 and 4—with the higher points of waves 1, 3, and 5, a triangular or diagonal shape is formed. Van Lagen emphasizes that this pattern signals a shift in Ethereum price momentum from bearish to bullish, often leading to a significant upside breakout. Bitcoin (BTC), which has led the market recovery, is also approaching record levels above $120.000.

Van Lagen notes that Ethereum's V-wave is almost complete, supported by a final corrective abc wave. Specifically, wave a successfully broke the crucial resistance of $3.650, retested it as support in wave b, and is now about to explore the final impulse in wave c, with an ambitious target between $9.000 and $18.000.

The Future of ETH

As optimism grows, market analyst Mr. Wall Street has also expressed a similarly bullish perspective. He argues that the Ethereum price is on track to reach its end-of-cycle target, estimated between $7.000 and $8.000. Nevertheless, both analysts agree that Ethereum's ability to break its previous high near $5.000 will be crucial; this level is expected to pose significant resistance if the current recovery continues.

Looking ahead, market analyst Michael van de Poppe also offered his opinion, predicting that Bitcoin will see a slight upward bounce in the coming weeks before undergoing a mild correction. After this point, he expects the Ethereum price to begin building momentum. "Given that the BTC pair is currently holding up well and has undergone a standard correction, I believe we'll see Ethereum accelerate soon," said van de Poppe.

Frequently Asked Questions

What are the key indicators for Ethereum's future price formation?
Analysts like Gert van Lagen and Mr. Wall Street point to current technical patterns and resistance levels, such as the crucial $5.000 level, as key indicators for Ethereum's price formation in the short and medium term.

How does Bitcoin affect the price of Ethereum?
Historically, Bitcoin has influenced the entire crypto market, including Ethereum. When Bitcoin attempts to reach new highs, Ethereum often follows a similar trend, indicating that it's healthy for ETH to gain momentum.

What can investors expect from the upcoming Ethereum price movements?
With the current bullish patterns and the expectation of more inflows from institutional investors, we can expect Ethereum to be in an uptrend, with targets of $7.000 to $18.000 looking increasingly achievable.

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