Well, well, well, Ethereum (ETH) has decided to get back on its feet after a little breakdown tantrum. It’s now prancing around above the all-important support level, making its way back to $4,150! Oh, and did I mention it had a 24-hour gain of over 8%? Yep, just enough to make your coffee taste a little sweeter today. Though, if you look at the past week… well, it’s still down by over 8%. But hey, who’s counting? 😂
Pattern Repeats After False Breakdown
Now, let’s talk about this oh-so-familiar “false breakdown” pattern. Sounds like a bad rom-com, doesn’t it? But don’t worry, Trader Tardigrade has your back. This savvy chart wizard points out that ETH has a habit of faking us out with a breakdown, then suddenly bounces back like it’s got a secret stash of energy drinks. The pattern looks like this: Breakdown, Reclaim, and BOOM – Rally! 🎉
$ETH/daily#Ethereum has reclaimed above the previous low, which was marked as a support, after a false breakdown.
It’s following this pattern: False breakdown, Reclaim, Rally. Simple, right?
We might even see ETH push above the previous high – stay tuned!
– Trader Tardigrade (@TATrader_Alan) October 13, 2025
Now, if you’ve been following ETH for a while, you know this isn’t the first time we’ve seen this drama unfold. The pattern keeps repeating itself, and each time, ETH goes from panic to power in what feels like the ultimate redemption arc. The most recent rebound happened when ETH reclaimed the $3,650 zone. If this keeps up, it’s not a stretch to imagine ETH heading back to $4,800. Fingers crossed! 🤞
Chart Targets $7,000 by Mid-2026
Hold onto your hats, folks! Investor Mike Investing (sounds like the name of someone who knows what they’re doing, right?) posted a chart suggesting that ETH could hit $7,000 by May 2026. Yep, that’s right. Seven thousand big ones. 🚀 According to his chart, ETH is cruising way above its 200-week moving average, which is chilling around $2,447. If that doesn’t sound impressive, well, you might want to get your hearing checked.
And guess what? Even during the recent market dip, big boys like BlackRock, BitMine, and Vanguard are apparently loading up on ETH. But wait, don’t start popping champagne just yet – this info isn’t confirmed in public filings. Still, the chart suggests a nice little rally if ETH can hold above its support. Make your popcorn, folks. 🍿
I’m officially calling it…$ETH had its final hard pullback below $4,000 before it begins its multi-month incoming rally.
During the recent pullback, institutions like BitMine, BlackRock, & Vanguard all loaded collectively billions in $ETH.
$7000+ by May 2026.
Mark my words…
– Mike Investing (@MrMikeInvesting) October 12, 2025
But wait, there’s more! Mister Crypto – who, for the record, is definitely not a superhero – shared a chart comparing ETH’s current pattern to its 2016-2017 cycle. Spoiler alert: The last time this happened, ETH went on a massive, multi-month rally. Sounds too good to be true, right? But hey, traders love playing with fractals, so why not give it a shot?
As Mister Crypto said: “This $ETH setup looks so much like it did in 2017,” which, of course, means we might be on the brink of a huge price jump. Or maybe not. 🤷♂️
Coinbase Premium Hits Year-High
If you think things can’t get any more exciting, think again! On October 10, the on-chain analyst CryptoOnchain reported a massive surge in Ethereum’s Coinbase Premium Gap, hitting +6.0. What does this mean? Well, it shows that ETH was trading much higher on Coinbase than on other global exchanges like Binance. Translation: It’s a sign of serious demand in the U.S., and that usually means big money is coming in. 💰
“While the global market was selling, an overwhelmingly aggressive wave of buying was taking place on the Coinbase exchange,”
This kind of aggressive buying behavior usually means institutions are jumping in, especially when the market is down. So, keep your eyes peeled, because we might just see a little floor form around these levels. 🤫
At the end of the day, it looks like major investors are using the dips to position themselves for the big win. Could this be the start of ETH’s next great adventure? Only time will tell! 🕰️
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2025-10-13 19:08