Final Call for ETH? Ethereum ready to go

Ethereum breaks out of key patterns and retests support, with analysts monitoring signs of a possible rally towards $8K as 2025 unfolds.

Ethereum is showing strong technical signals that could indicate a major upside move. Several analysts track key patterns, support levels and price zones that have historically preceded major rallies.

Now that ETH is above key levels, the focus shifts to whether the momentum will continue through the end of the year.

Monthly breakthrough points towards higher goals

Crypto trader Merlijn The Trader posted a monthly chart showing Ethereum breaking out of a long-term pennant created after ETH’s 2021 peak near $4,800 and years of sideways movement within a tighter range. The breakout above this pattern indicates new bullish momentum.

The analyst called it “the most explosive lineup since 2017“, with a potential path towards $8,000-$8,500. The asset has already broken above pennant resistance and current momentum appears to be in line with previous market cycles. Ethereum is trading around $4,100 at the time of writing, showing a gain of 4% in the last 24 hours.

Additionally, a separate chart from EtherNasyonaL compares Ethereum’s current movement to previous cycles. In both 2016 and 2020, ETH retested a key demand area before recovering. The same behavior appears to be happening again in 2025. They noted:

ITS NOT BULLISH ENOUGH ABOUT IT $ETH.

In the first and second cycles, Ethereum tested the key demand zone before going parabolic.

Today the same scene is being re-enacted.

The difference is that most people leave the theater before the curtain rises. pic.twitter.com/0l92xFNtht

— EᴛʜᴇʀNᴀꜱʏᴏɴᴀL 💹🧲 (@EtherNasyonaL) October 19, 2025

It is striking that the demand zone has held firm and that the price has recovered from that area. The pattern is consistent with how ETH moved in previous bull markets.

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Support for retesting after outbreak applies for the time being

According to The Long Investor, Ethereum has recently had a share broke out of a multi-year wedge and now retest the top of that wedge as new support. Over the past three weeks, ETH has traded between $3,700 and $3,900, just above that mark.

The trader believes that ETH has 10 days or less to stay above this level to confirm the breakout. If support holds, this move could mirror Ethereum’s 2020 rally, which followed a similar breakout and support test. The chart suggests a price target of around $8,200 if the structure holds.

Momentum mixed as MVRV lowers

Analyst Daan Crypto Trades shared that ETH is testing both the Fibonacci level of 0.382 and the daily 200 EMA. He noted:

“I would like to see this back above the previous cycle highs of $4.1K to regain momentum in favor of the bulls.”

Holding that area could give the price the boost it needs to continue higher.

However, a different opinion comes from Ali Martinez, who be on a warning signal from the MVRV Momentum indicator. The 160-day MVRV line has crossed below the moving average, a move that last occurred before ETH fell from $3,300 to $1,400. That same pattern has just returned, raising concerns about a possible near-term pullback.