- ETH has repeatedly reclaimed lost support zones, historically leading to sharp rallies after brief breakdowns.
- IncomeSharks notes staged profit levels at $3,900, $4,100, and $4,700 as traders manage exposure.
- Analyst Ted expects Ethereum’s correction to end soon, predicting a move that could surpass $10,000.
Ethereum is back at a familiar level after an abrupt dip beneath the $3,800–$3,900 zone. Previous drops in this region have often reversed quickly, notably leading to powerful upside reactions. IncomeSharks stated that current price action is “starting to look like another fake out,” adding that reclaiming support “would be really bullish.”
The setup resembles ETH’s June to July structure near $2,400–$2,600, where price briefly slipped under support before launching a rally toward the $4,000 range. A comparable sequence unfolded again between late July and August around $3,200–$3,300, reinforcing the relevance of historical reclaim zones in Ethereum’s ongoing cycle.
Previous Reclaims
These recurring recoveries show a pattern of fast reversals after short lived drops. The Market often anticipates shakeouts before continuation phases, especially when price rejects attempts to establish lower lows.
IncomeSharks’ said there are staged profit takings pointing to $3,800–$3,900, $4,000–$4,100, and $4,600–$4,700. This structured reduction strategy suggests that stronger hands prefer gradual trimming during strength rather than aggressive exits. Such approaches allow re-entry flexibility if support levels regain traction.
Current Structure and Prior Recovery Zones
ETH is once again trading just above reclaimed territory. A note on the chart reads, “Fakeout, support reclaimed??”, indicating uncertainty but acknowledging the possibility of another repeated reaction.
Holding above the $3,900–$4,000 barrier positions price toward the $4,400–$4,700 resistance range. Failure to maintain this footing, however, could expose $3,400–$3,600 as the next visible demand shelf. Each zone aligns with previous corrective pauses, offering reference points for both tactical buyers and profit lockers.
Broader Correction Phase to End Soon
Another analyst, identified as Ted, noted that Ethereum already advanced nearly 250 percent from its recent cycle bottom. According to him, a correction was “expected” after such an expansion.
Ted expects the cooling phase to conclude “in a few weeks,” projecting a follow up surge that could extend beyond $10,000. His outlook indicates a belief that structural resilience is intact despite recent volatility.
Ethereum’s price behavior continues to function within repeated reclaim structures. Each short term drop has so far met a fast counter move, keeping trend conviction stable across broader timeframes.
