ETH Technical Analysis Report 9 October, 2025
ETH cryptocurrency can be expected to fall to the next support level 4185.00 (target price for the completion of the active short-term correction 2).
- ETH reversed from resistance zone
- Likely to fall to support level 4185.00
ETH cryptocurrency continues to fall inside the short-term correction 2, which stared earlier from the resistance zone located at the intersection of the key resistance level 4750.00 (which has been steadily reversing ETH from the begin of August) and the upper daily Bollinger Band. The downward reversal from this resistance area created the daily Japanese candlesticks reversal pattern Dark Cloud Cover. The resistance level 4750.00 also previously created the following Japanese candlesticks reversal patterns, which highlight its strength: Bearish Engulfing and 2 Shooting Stars.
Given the strength of the resistance level 4750.00, ETH cryptocurrency can be expected to fall to the next support level 4185.00 (target price for the completion of the active short-term correction 2).
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