Categories: Technical analysis

Ethereum Wave Analysis – 8 October 2025

Ethereum: ⬇️ Sell

– Ethereum reversed from resistance zone

– Likely to fall to support level 4000.00

Ethereum cryptocurrency recently reversed from the resistance zone located between the key resistance level 4750.00 and the round resistance level 5000.00 (which stopped sharp impulse wave (1) in August).

The resistance level 4750.00 was strengthened by the upper daily Bollinger Band.

Given the strength of the nearby resistance zone, Ethereum cryptocurrency can be expected to fall to the next round support level 4000.00 (target price for the completion of the active wave 2).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: Ethereum

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