Oct 31 2025
Analyst Says Ethereum Is the Best Ecosystem and Ether Is Poised to Top $5,000

Ether rose on heavier trading, then slipped after an upper-band rejection, leaving a tighter range and a clear set of checkpoints above and below.

  • ETH gained 1.50% to $3,822.60 as volume ran 19.01% above the seven-day average.
  • A late drop from $3,869 to $3,820 followed rejection near the $3,860–$3,880 band.
  • Support sits at $3,680–$3,720, with a reclaim of $3,880 reopening the $3,887.35 session high.

According to CoinDesk Research’s technical analysis data model, ether advanced on heavier-than-usual trading, then slipped late after an upper-band rejection, leaving a tighter range and a clear set of checkpoints above and below.

Technical analysis highlights

  • Performance and participation: ETH +1.50% to $3,822.60 with volume +19.01% vs the seven-day average; deviation from CD5 –0.06%.
  • Intraday path: From $3,771.27 to $3,822.78 inside a $193.66 range, printing higher lows through the session.
  • Momentum peak: 2 p.m. UTC, 446.7K volume on the push through $3,860, tapping a $3,887.35 high.
  • Late rejection: Final hour –1.30% from $3,869 → $3,820 on 21.8K volume (about 6× that phase’s session average), creating a lower high near $3,865.

Support and resistance map

  • Support: $3,680–$3,720 zone that caught early-session weakness.
  • Resistance: $3,860–$3,880 band, with $3,880 as a psychological level.
  • Near-term band: Trade clustered $3,730–$3,880 after the test of the upper band.
  • Session reference: A reclaim of $3,880 reopens the $3,887.35 high.

Volume picture

  • Overall: +19.01% vs the seven-day average signals meaningful participation.
  • On the advance: 446.7K at 2 p.m. UTC marked the strongest bullish print.
  • Into the close: 21.8K on the drop from $3,869 → $3,820 shows supply crowding the ceiling late.

What the patterns suggest

  • Uptrend with a caution flag: Higher lows built an advance, but the lower high into the close warns sellers are still active near the top of the range.
  • Range behavior: With demand showing up on dips and supply at $3,860–$3,880, $3,730–$3,880 frames the near-term map.
  • Next proof point: Bulls would want a firm break and hold above $3,880; bears will look for a loss of $3,720 to expose $3,680.

Targets and risk framing

  • If buyers press: Reclaim $3,880 → check $3,887.35; sustained strength keeps focus on the upper band.
  • If sellers regain control: Below $3,720 → $3,680 becomes the next demand area.
  • Tactical lens: With participation elevated but resistance respected, many traders wait for a clear break out of $3,730–$3,880 before leaning harder.

CoinDesk 5 Index (CD5) context

  • Range and turn: CD5 rose from $1,878.33 → $1,901.52, reaching $1,924.98 before reversing to $1,901.52, consistent with profit-taking into resistance across majors.

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