Ethereum has demonstrated strong momentum in 2025. On August 24, the price touched a new all-time high near $4,946.50, breaking above a long-term descending trendline. Although prices dipped in September to around $3,825, ETH rebounded and stabilized above $4,200–$4,300 levels in early October.
As of now, ETH is trading in a band between $4,500 and $4,700. The area between $4,300 and $4,250 is considered a critical support zone, intersecting with key moving averages (50, 100, 200-period). That region may serve as a pivot. If ETH holds above it, further gains are more likely.
Analysts at Fundstrat estimate a possible rebound toward $5,100–$5,450, assuming strong institutional inflows continue. They see $4,300 as a near-term floor.
Another bullish indicator is the low ETH supply on exchanges. Many reports point out that ETH held on exchanges is at multi-year lows, which reduces sell pressure from exchange holders. When fewer tokens are held in exchange wallets, it suggests more ETH is migrating to long-term custody or staking.