The cryptocurrency market has not had its typical “Uptober” efficiency to date this month, with most large-cap belongings falling to new native lows prior to now few months. The Ethereum value, 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 value 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 value, with the altcoin believed to have already reached its peak on this cycle.
How Possible Is A Double Prime For ETH Worth?
Well-liked crypto analyst Ali Martinez just lately took to the social media platform X to share insights into the present setup of the Ethereum value. In keeping with the market pundit, the second-largest cryptocurrency could possibly be in for an prolonged bearish interval over the following 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 potential bearish pattern reversal after an asset’s value touches a resistance stage with out breaking by means of.
As noticed within the chart above, the preliminary high got here round late 2021 in the course of the altcoin season when the value of ETH rose to the then-all-time excessive of above $4,800. This value 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 value setup is the present all-time excessive of $4,946, reached earlier in August 2025. In keeping with information from CoinGecko, the altcoin’s worth is at the moment greater than 20% adrift from this file excessive.
Whereas the 2 tops (almost 4 years) look considerably equivalent, the value motion between them makes it tough to definitively name them a “double high” sample. Furthermore, the double high can solely be confirmed when the value drops under the assist stage, which generally is the bottom level between the 2 peaks. This assist stage would then be at round $1,000, which is a major distance from the present value level.
However, you will need to take note of the value motion of ETH over the following few weeks, because it may present perception into the coin’s future relative to this setup.
Ethereum Worth At A Look
As of this writing, the value of ETH stands at round $3,983, reflecting an virtually 3% soar prior to now 24 hours.
