Will Ethereum get higher? Markets remain bullish: analysis

The recent dip of the cryptomarkt does not tear Ethereum Bulls off: they still bet that ETH is going higher.

Forecast market traders on countless, a market developed by DecryptThe parent company Dastan, remains convinced that Ethereum will rather hit the price mark of $ 5,000 instead of later, making a new all time in the process.

While Ethereum is currently floating near $ 4,500 after a game up and down weekend, traders in a countless place are the chance of ETH that will be $ 5K in the coming four months at around 80% on one market, and nearly 73% chances on a separate market.

Of course, those opportunities have fallen a bit in recent days, with a peak of about 90% to 95% when Ethereum to just a shy of $ 4,950 and $ 5k looked like a lock. But the fact that they did not fall lower than 70%, even when Eth started to go in the other direction, currently speaks to the general sentiment and the conviction between bulls.

And the graphs tend to agree.

Ethereum (ETH) Price: Where is it going?

In general, crypto -markets bounce today after a turbulent weekend. A single Bitcoin -Walvis released $ 2.7 billion in BTC on Sunday, so that Cascade readings were deposited while long positions were closed with violence and the price of BTC dropped.

Of course, when the market leader goes down, other crypto-assets and ethereum follow was no exception and fell by 10% after a recently a record high above $ 4,900.

But today is ETH in De Green, and the technical attitude is a traders who would largely interpret as positive. Because ETH probably ends the day in the green, this suggests that the overall bullish trend remains solid in the long term despite the short panic attack.

Among the technical indicators is the average directional index of Ethereum or ADX at 39, which shows that bulls are still in order. The ADX measures the trend strength on a scale of 0 to 100, whereby measurements above 25 attach a strong trend and above 40 indicate an extremely powerful momentum. At the age of 39 we see a strong trend, with yesterday’s dip from levels above 41 points just a few days ago.

The relative strength index, or RSI, for ETH is currently 58 – of which traders would say it is the sweet spot for continuous profit. RSI measures Het Momentum on a scale of 0-100, with measurements above 70 signaling overview conditions where taking a profit often comes forward, and below 30 that over-sold levels indicate.

On 58, ETH has successfully recovered from over -sold circumstances without entering the dangerous overbought area, which means that there is still fuel in the tank for further upward before algorithmic sale of traders use RSI as an exit signal.

And when investigating the average price support and resistors, the exponential advancing average configuration of Ethereum decides Bullish. With the 50-day EMA well above the 200-day EMA, we see a heavy bullish trend in the long term after the Golden Cross formation last month. This set -up usually indicates persistent purchasing pressure over multiple timetable and suggests that both short -term momentum traders and long -term position holders Bullish are tuned.

The Squeeze Momentum indicator shows the status “OP”, which is particularly important after yesterday’s sale. This indicator identifies when markets switch from consolidation to trending phases. When it is fired “on”, it indicates that an outbreak of consolidation is underway. Combined with today’s recovery candle, this caution suggests. Even within a solid bullish trend, short-term traders can still change direction.

Main levels to view

• Immediate resistance: $ 4,800 (yesterday’s pre-crash level)
• Strong resistance: $ 5,000 $ 5,200 zone (Ath and Fibonacci Extension Targe)
• Immediate support: $ 4,000 zone (Psychological target a bit under the previous prize and a bit over the EMA 50)
• Strong support: $ 3,500 level that held during the recent Bull Run.

Remember, remember: red September

But bulls can have a strong opponent who is approaching the ring: history.

Bitcoin shows trade data from 2015 to 2024, which usually underperforms in September, with an average return during the month at -4.89%. During “Red September” – not to be confused with Uptober (which comes immediately after!) – The price of Bitcoin has fallen on average by 4.5%, making it the worst month of the year for Bitcoin holders.

But this is also not crypto-specific. Over the past 75 years, the stock market has also experienced a pattern in which September tends to be on average the worst performing month of the year.

This historic headwind creates some tension. If the support of $ 4,300- $ 4,500 is due to what traditionally the worst month of crypto is, the technical attitude suggests that ETH could indeed achieve that goal of $ 5,000 in October. During “Uptober” the crypto market has recorded profit of as high as 60% and an average of 22% historically.

If ETH respects the support that has activated its current trend, the natural movement would bring it to $ 5K in October – Supporting September is not red enough to kill the momentum.

The technical data is currently supporting the bullish vision with countless traders. The chances of 73% on the market for ‘Moon or DIP’, which asks traders to predict whether ETH will dive up to $ 5K or DIP up to $ 3.5k, a small High based on the available data, but it is still in line.

For the market “Eth Hits $ 5K in 2025”, it is difficult to imagine that this will not happen in the next four months. October brings historic fireworks, and the current technical setup with RSI at 58 leaves enough room for upside down. Even if September becomes rough and ETH repeats the 14% dip of 2019, the drawing would only test the 50-day EMA support, which made ETH positioned for a rally in October.