Prediction by Coincodex: Ethereum (ETH) to reach $5,100 by October 2025
Ethereum, the second-largest cryptocurrency by market capitalization, is currently trading at $4,585.25, according to recent data. The digital asset is showing resilience, having formed a base above the $4,420 mark and initiating a recovery wave.
The price of Ethereum is trading above both $4,600 and the 100-hourly Simple Moving Average, indicating a bullish trend. However, a potential drop towards $4,250 may occur if the support level fails to hold.
Ethereum is currently forming a short-term contracting triangle pattern with resistance at $4,640. If Ethereum breaks above this level, the next key resistance stands at $4,685, followed by $4,765. On the other hand, if Ethereum fails to clear the $4,640 resistance, it might start a fresh decline with initial support at $4,580 and stronger support at $4,535.
Coincodex, a popular cryptocurrency data aggregator, predicts Ethereum could hit $5,040.84 as soon as September 23, representing a 10.19% growth over the next five days. Furthermore, according to Coincodex's long-term forecast, Ethereum is expected to rise by 11.33% to reach $5,100.57 by October 18, 2025.
The Moving Average Convergence Divergence (MACD) displays a bullish crossover, with the MACD line rising above the signal line, suggesting a positive outlook for Ethereum's price. The Moving Average indicator is positioned below the price candles at $4,307.70, offering a potential support level.
Support for ETH stands around $4,504.82. Notably, the hourly RSI (Relative Strength Index) for ETH/USD is currently above the 50 zone, indicating positive momentum in the short term.
Ethereum has a market capitalization of approximately $553.46 billion. The trading volume remains robust with a 24-hour figure of nearly $47.58 billion.
It's worth mentioning that the financial services company Standard Chartered has made a bullish prediction for Ethereum, projecting a price of $7,500 for one Ether Coin by December 31, 2025, due to strong institutional demand, regulatory progress, and technical roadmap improvements.
In conclusion, Ethereum is currently consolidating gains above the $4,580 zone and might soon attempt to clear the $4,640 resistance level to continue its bullish trend. However, investors should be cautious and consider the potential risks involved in any investment decision.
%20to%20reach%20%245%2C100%20by%20October%202025){kind=link}