Ether was around $3,946 at 13:57 UTC on October 25 after a high volume rejection around $4,000 left the price below resistance, while analysts outlined five-digit scenarios and on-chain data pointed to larger wallets being added.
Analyst View
Analyst Ali Martínez projected a long-term path to $10,000, warning that it may take longer than some expect; Its weekly outline implies a decline towards 2026 followed by a rise towards five digits around 2027-2028.
Separately, The Long Investor set a target of $13,500 by 2029, framing a multi-year trajectory rather than a short-term forecast.
When it comes to flows, Santiment said that “whales and sharks” holding between 100 and 10,000 ETH have recovered about a sixth of the coins they sold between October 5 and 16, describing it as a sign of improving confidence among larger accounts.
Overall, the views lean towards being constructive over a multi-year horizon, but also imply that major resistance levels must first be overcome before momentum can worsen.
Session summary
According to CoinDesk Research’s technical analysis data model, ether went from $3,955.91 to $3,937.05 during the previous 24-hour session ending this morning (UTC), a swing of about $120 (about 3.1% intraday) that ended near the lower end. The model marks resistance in the $3,945 to $4,000 zone and support around $3,870 to $3,880, with an immediate platform near $3,930. The structure reflects a narrowing range below a ceiling of round numbers and above a recently defended support area.
Intraday volume and context
The key inflection came when volume jumped 188% above the 24-hour average (peaking at 444,887 contracts) during a failed attempt to break through the $4,000 level. The price briefly marked $4,001.69 before sellers capped the move.
Following that rejection, ETH reached lower peaks and settled into a late-session rectangle between $3,930 and $3,940 as activity cooled. A smaller burst of 23,884 contracts lifted the price to $3,948, but faded without follow-through above $3,945, reinforcing the idea that $3,945-$4,000 is the local limit that needs a decisive breakout.
What to see next
A clean break and hold above $4,000 in UTC closes would open $4,100 and put the highs from the beginning of the month back in sight; Otherwise, an immediate shelf loss of $3,930 would likely send the price to the $3,870-$3,880 demand area identified by the model. Analyst projections are multi-year and not dependent on a single day’s tape, but near-term traction still depends on converting the $3,900 highs into support.
CoinDesk 5 Index (CD 5)
During the same window, the CoinDesk 5 index rose from 1,945.13 to 1,953.72 after reversing from an intraday low of 1,922.57 and stalling near 1,961.57, with support consolidating around 1,920-1,925 after multiple tests.
Last reading of the 24-hour and one-month chart
At 13:57-13:58 UTC on October 25, ETH was $3,946 (up 0.5% over the period). On the 24-hour chart, the session opened near $3,926, reached a high of $3,957 and a low of $3,876. In practical terms, $3,900 to $3,920 acted as intraday buy zones, and $3,950 to $3,960 limited bounces before the next attempt to reach $4,000.
On the one-month chart, ETH has recovered from the mid-October drop and is returning to $4,000, still below the highs from earlier in the month, a setup that supports analysts’ view of a longer path up, provided resistance gives way and recovered levels hold on subsequent retests.
Disclaimer: Portions of this article were generated with the help of artificial intelligence tools and were reviewed by our editorial team to ensure accuracy and compliance. our standards. For more information, see CoinDesk’s full AI policy.
