- Ethereum’s reclaimed $3,600–$3,800 range is viewed as the decisive validation level for confirming bullish continuation.
- Analysts identify $4,800–$5,000 as the final resistance, with a clear breakout unlocking $6,800–$7,200 targets.
- Historical Q4 performance adds weight to projections, with previous similar setups leading to near double gains.
Ethereum’s recent pullback has done little to shake bullish projections from market analysts. Mr. Wall Street, posting on X, stated that “bearish noise will only fuel the huge rally,” placing price expectations between $7,000 and $8,000 before the end of Q4. His view centers on Ethereum’s ability to maintain structure above key levels, particularly the reclaimed accumulation range between $3,600 and $3,800.
Long Term Accumulation Base
The $1,500 zone marked a long entry region throughout 2022 and 2023, forming the primary accumulation base of the previous cycle. Price has since advanced through multiple resistance layers, converting former barriers into support.
Notably, the mid range band near $3,600–$3,800 has now become the first major checkpoint for any continuation scenario. This zone acts as the validation layer. Any break beneath it could open retracement levels toward $2,900 or even $2,000.
However, as long as Ethereum trades above it, analysts maintain confidence in the existing trend. The visible moving average positioned beneath price supports that stance, offering structural backing.
Break Above $4,800 Would Unlock Expansion
The outlined framework identifies $4,800–$5,000 as the final resistance from the previous cycle. A confirmed breach would place price into what analysts define as “price discovery,” where historical reference points no longer apply. The presented projection marks a “Final Target” region between $6,800 and $7,200, illustrated by an upward green zone on the chart.
This projected zone aligns with Mr. Wall Street’s $7,000–$8,000 estimate. His outlook relies on Ethereum repeating a pattern seen during earlier macro rallies, in which consolidation beneath resistance precedes vertical acceleration. Mister Crypto added to this, stating that Ethereum is “doing the final retest now,” urging the market to “believe in something.”
Historical Q4 Performance Adds Context
Reference to previous quarterly performance also surfaced in the shared commentary. Mister Crypto noted that the last time Ethereum closed Q3 at comparable levels, Q4 delivered nearly double the performance.
That historical comparison now frames the current consolidation as a potentially similar launching point. However, execution rests on one key condition. Ethereum must continue defending the $3,600–$3,800 base.
Analysts agree that holding this area keeps upside projections active, while failure would reintroduce lower cycle support zones. The final test now lies in whether history repeats its pattern or forces a reset.
