- Ethereum follows the DUMP – RETEST – MOON cycle, with $4,000 emerging as critical support.
- Whale profit-taking and liquidations increase selling pressure, yet market structure remains intact.
- Analysts target $6,000 as resistance flips into support, fueling Ethereum’s continued breakout pattern.
Ethereum has followed a clear market structure through 2025, described as DUMP – RETEST – MOON. Price movements show that every dip builds a stronger base. Old resistance consistently becomes new support, and this has fueled Ethereum’s breakout pattern. At the time of writing, Ethereum was trading at $4,182.45.
Ethereum Price Action: Resistance Turns into Support
Merlijn The Trader, a well known crypto analyst reported that Ethereum faced resistance near $2,800 in June before a dump and retest. Price recovered and converted $2,800 into support. In July, Ethereum broke $3,600, retraced lower, then retested the same level and formed a stronger base.
By August, Ethereum tested $4,400, experienced another dump, and then confirmed this level as support. The repeated pattern showed that Ethereum mastered the cycle where resistance becomes support. Each retest created a platform for continued growth.
Every $ETH dip fueled the breakout, and the structure pointed toward further upside potential with targets near $6,000. Alejandro_XBT noted that Ethereum was back at $4.1K. He stated this level had acted as resistance for years. He added that it was now being retested as support. He explained that this could be the perfect R/S flip for Ethereum’s current price structure.
Derivatives Data and Whale Movements
According to Coinglass data, Ethereum derivatives volume reached $143.04 billion with open interest rising 0.30% to $60.87 billion. Options open interest increased 3.53% to $17.80 billion, while the long/short ratio on Binance and OKX remained favorable toward long positions. Daily liquidations totaled $175.82 million, with longs losing $131.15 million and shorts $44.67 million.
Lookonchain reported that a whale closed 66,749 ETH long positions, securing $6.86 million profit. Another whale sold 2,277 ETH worth $9.57 million, realizing $4.04 million profit. According to data from CryptoQuant, Spot Taker CVD showed sellers controlling recent sessions, increasing pressure on Ethereum’s price.
Despite selling pressure, Ethereum’s structure continues to follow the DUMP – RETEST – MOON cycle. Market analysis indicates the $4,000 support level remains crucial. Ethereum’s ability to maintain this base determines whether the next liftoff toward higher levels continues.
