Ethereum once again shows signs of its its its history, with analysts claiming that the setup appears to resemble the explosive movements of the past.
In previous cycles, especially in 2017 and 2021, ETH emerged from the fallen wedges, regaining a moving average, then went through horizontal resistance and accelerated to record highs.
According to Cryptoelltes, Ethereum recently cleared the formation of the wedge and has integrated it above its important average after testing the resistance to near $4,500. The structure, they argue, reflects the beginning of a final explosive advance.
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Key levels define short and long term outlooks
Currently, ETH is also broken from the formation of the wedges, and is integrated above average movement. Prices recently tested resistance at nearly $4,500 and have an area of $4,200. Analysts note that if Momentum lasts, a goal of between $8,000 and $10,000 could eventually emerge.
In 2021, Ethereum emerged from this structure and sparked one of the strongest gatherings.
Now, in 2025, the setup is very similar.
If there is a rhythm in history, ETH can raise another main leg.– Cryptoelltes (@cryptooelites) September 22, 2025
Important levels to see
Trader delays also highlight the importance of Ethereum’s weekly charts. Historically, such setups are bullish continuation signals that often precede strong gatherings.
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Currently, ETH is trading beyond its key support zones for between $4,000 and $4,200. This area previously acted as a critical resistance and retaining it adds weight to bullish cases. If Ethereum extends the rally, the short-term upside could reach $5,200, but long-term forecasts suggest that a level of nearly $6,800 could be achieved.
$eth/weekly#Ethereum Fall Fall Wedges are well formed.
This could be the final chart pattern before a large surge. pic.twitter.com/uszmkwawuf– Trader Delay (@tatrader_alan) September 23, 2025
Market Overview
At press time, Ethereum traded at $4,206.84, with a 24-hour increase of 0.43%. Despite this modest increase, the asset has declined 6.69% over the past week.
Ethereum’s market capitalization is approximately $507.8 billion, supported by a circular supply of ETH of 120 million people. Over the past 24 hours, trading volumes remained at $33.4 billion, reflecting sustained market participation, even amid recent volatility.
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