Ethereum (ETH) is trading near $4,000 after a week of mixed market action. The price dropped 4% in the past 24 hours and 15% over the last seven days.
Analysts are watching a key support level, as the current structure suggests ETH may be preparing for another move higher.
Structure Points to Further Upside
Lark Davis, a popular market analyst, said Ethereum has broken out of a symmetrical triangle that had been in place since 2021. After the breakout, ETH touched the previous all-time high around $4,855 before pulling back. It is now forming a consolidation pattern just above the old resistance.
Zoom out on $ETH and the structure is clear:
– ETH broke out of a multi-year symmetrical triangle that started back in 2021
– Rejected perfectly at the old macro swing high
It’s now coiling inside a bullish pennant, and also testing the upper triangle line which was once… pic.twitter.com/litJAfytV2
— Lark Davis (@TheCryptoLark) October 13, 2025
He also pointed out that the upper tr
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