The cryptocurrency market has not had its typical “Uptober” efficiency up to now this month, with most large-cap property falling to new native lows previously few months. The Ethereum worth, which was on the verge of hitting $5,000 just a few weeks in the past, is now languishing under the $4,000 mark.
Whereas the “king of altcoins” had a stop-start efficiency over the previous week, its worth appears to be in a greater place than it was seven days in the past. Nevertheless, an attention-grabbing outlook has emerged for the Ethereum worth, with the altcoin believed to have already reached its peak on this cycle.
How Possible Is A Double Prime For ETH Worth?
Standard crypto analyst Ali Martinez just lately took to the social media platform X to share insights into the present setup of the Ethereum worth. In response to the market pundit, the second-largest cryptocurrency could possibly be in for an prolonged bearish interval over the subsequent few weeks.
This analysis revolves across the potential formation of the “double high” sample on the 3-day timeframe of the Ethereum chart. For context, the double high formation is a technical evaluation sample suggesting a doable bearish pattern reversal after an asset’s worth touches a resistance degree with out breaking by means of.
As noticed within the chart above, the preliminary high got here round late 2021 throughout the altcoin season when the worth of ETH rose to the then-all-time excessive of above $4,800. This worth peak was adopted by a market crash, which noticed the worth of Ethereum drop to across the $1,000 mark by mid-2026.
In the meantime, the purported second high of this Ethereum worth setup is the present all-time excessive of $4,946, reached earlier in August 2025. In response to information from CoinGecko, the altcoin’s worth is presently greater than 20% adrift from this file excessive.
Whereas the 2 tops (almost 4 years) look considerably an identical, the worth motion between them makes it difficult to definitively name them a “double high” sample. Furthermore, the double high can solely be confirmed when the worth drops under the help degree, which usually is the bottom level between the 2 peaks. This help degree would then be at round $1,000, which is a major distance from the present worth level.
Nonetheless, it is very important take note of the worth motion of ETH over the subsequent few weeks, because it might present perception into the coin’s future relative to this setup.
Ethereum Worth At A Look
As of this writing, the worth of ETH stands at round $3,983, reflecting an virtually 3% soar previously 24 hours.
