In the long corridor of markets, Ethereum stands with the patience of a clerk and the hunger of a fox. A known trader, Merlijn The Trader, points to a pattern that gold wore before its ascent to heights, and the crowd nods as if the pattern itself were a prophecy. 🤔💹
Just like gold, Ethereum could break higher and even reach the five-digit horizon above $20,000, as if the calendar forgot its limits. 😂🚀
Ethereum Mirrors Gold’s Breakout Pattern
Merlijn’s analysis shows that gold (XAUUSD) spent years gnawing at a stubborn wall of resistance between 2021 and early 2024, each attempt met by a door slammed in its teeth. 🤨
But after finding firm support at its 2023 low, gold finally broke through the wall in late 2024, sparking a rally to new all-time highs near $4,000 per ounce in 2025. 💥
Now Ethereum seems to be following a similar path. After building a base around mid-2025, ETH has broken above its key resistance near $4,200, a level it struggled with before. 😅
With this resistance turning into strong support, Merlijn believes Ethereum could be entering its breakout phase, possibly heading toward the five-digit range above $20,000. 🚀💰
ETH Strong Buying Momentum
Ethereum jumped past $4,500 this week, hitting $4,582, with trading volumes over $31.55 billion and a market cap near $553.87 billion. Fresh inflows from new spot ETH ETFs, totaling $1.3 billion, have tightened supply and boosted investor confidence. 😂
Whales are also stepping in, opening large long positions and moving millions of ETH off exchanges for holding. 🐳
Ethereum Price Outlook
After moving sideways for a while, Ethereum is gaining strength again, staying above $4,500 support. 🤔
According to crypto trader Ted, Ethereum’s next big challenge is at the $4,750 level. If ETH manages to move above this point, it could open the door for a strong rally and maybe even a new all-time high.
$ETH is holding above the $4,500 support level.
The next key resistance level is $4,750, and a reclaim will push Ethereum towards the new ATH.
On the downside, the 2 major support levels are $4,250 and $4,060.
– Ted (@TedPillows) October 6, 2025
On the downside, ETH has support at $4,250, and if it drops further, the next level to watch is $4,060.
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2025-10-06 17:12