In the grand theater of the cryptocurrency markets, Ethereum has claimed its spotlight, rising by a mere 6%, though not because of some miraculous flood of new investments. No, no, dear reader, this was a tale of pure momentum. A surge, driven by nothing more than the echoes of higher-beta assets being rotated into, while Bitcoin simply took a nap. Early Monday morning, the noble Ethereum soared to a high of $4,254, as traders, likely bored of the stagnant Bitcoin, threw their attention to greener pastures.
This impressive rise wasn’t a sudden stroke of genius, but rather an act of gradual momentum. On Sunday, Ethereum’s movement seemed like the slow and inevitable advance of a steamship in a calm sea. A recovery, extending from a humble low of $3,711 on October 22, that now finds itself in its fifth day of upward triumph. How quaint!
At present, Ethereum sits comfortably at $4,171-a modest 5% daily increase and a meager 3.70% rise for the week. Such numbers may seem mundane, but remember, this comes amid the great recovery sweeping the cryptocurrency world, reversing the damage caused by this month’s liquidation storm. A renaissance of sorts, if you will, though perhaps not one worthy of the history books.
The price crossing $4,000 brings us dangerously close to the daily SMA 50 at $4,236, a formidable resistance that stands in the way of our heroic Ethereum’s next act. However, whispers in the air speak of a potential $5,000 on the horizon, fueled by the whispers of analysts and the large wallets that have begun adding more ETH to their collections. The question remains: is this a new dawn, or just another false hope?
In a recent tweet, the ever-eloquent Santiment, a firm specializing in the cryptic art of on-chain data, revealed that “whales and sharks,” those creatures of the deep with holdings between 100 and 10,000 ETH, have added back about one-sixth of the ETH they sold between October 5 and October 16. Could this be a sign of larger accounts regaining their confidence? Or perhaps they simply miss the thrill of the chase?
The Ethereum Bull Flag: A Glorious Tale of Hope?
Let us now turn to the analyst Jake Wujastyk, who in his wisdom and insight, has noted that the Ethereum bull flag pattern is still in play. A striking resemblance to 2020, as if the very stars have aligned, or perhaps merely a case of history repeating itself? Wujastyk himself seems inclined to believe the latter, but only time will tell if the similarities will bear fruit, or if we will be left with nothing but the remnants of false predictions.
#Ethereum Bull flag still in play.
2020 compared to 2025 is uncanny. Let’s see if the similarities are about to continue for $ETHUSD within 1-2 weeks.
– Jake Wujastyk (@Jake__Wujastyk) October 26, 2025
This, my dear friend, is where the drama unfolds. With the Ethereum bull flag in place, it’s clear that the journey ahead could very well be a longer one-assuming resistance falls and the reclaimed levels prove their worth in the coming weeks. After all, what is life without a bit of suspense?
Short-term resistance levels on the road to $5,000 remain at $4,239, $4,756, and $4,955, as if they were ancient fortresses waiting to be conquered. Meanwhile, in the world beyond Ethereum, the Federal Reserve looms large, with a decision on interest rates expected on October 29. Will this momentous event drive the markets into chaos, or will the world of Ethereum stand resolute against the storm?
And as if this were not enough, Ethereum’s Fusaka hard fork upgrade is expected to make its debut on the Hoodi testnet at 2:53 p.m. on October 28. A small event, perhaps, but one that will surely ripple through the fabric of Ethereum’s destiny.
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2025-10-27 15:06