Ethereum (ETH) Price: Coincodex Predicts $5,100 Target by October 2025

Ethereum, the second-largest cryptocurrency by market capitalization, is showing strong bullish momentum as it tests key resistance levels near $4,600. With a current market cap of approximately $553.46 billion, ETH continues to maintain its dominant position in the altcoin sector.

At press time, Ethereum is trading at $4,585.25, having increased by 2.04% over the past 24 hours. The price movement shows a bullish trend as it tests a resistance level near $4,598.42.

If ETH breaks above this resistance, the next target could be $4,800. On the downside, support stands around $4,504.82, with a potential drop towards $4,250 if this level fails to hold.

Trading volume remains robust with a 24-hour figure of nearly $47.58 billion, highlighting the high level of market interest in Ethereum’s price action.

Technical analysis shows the Moving Average indicator positioned below the price candles at $4,307.70, confirming the bullish trend. The Moving Average Convergence Divergence (MACD) displays a bullish crossover, with the MACD line rising above the signal line.

This technical setup suggests that ETH’s upward momentum may continue in the coming days, giving traders reason for optimism.

Price Prediction and Forecast

According to Coincodex’s current predictions, Ethereum is expected to rise by 11.33% to reach $5,100.57 by October 18, 2025. Their data also suggests ETH could hit $5,040.84 as soon as September 23, representing a 10.19% growth over the next five days.

Looking further ahead, projections indicate Ethereum could reach a maximum of $8,643.76 by December 2025. This would far surpass its previous all-time high of $4,953.73, suggesting ETH is well-positioned to set a new ATH before 2026.

Based on these forecasts, market analysts at Coincodex consider the current price an opportune time to buy Ethereum.

Technical Pattern Formation

On the hourly chart, Ethereum has formed a short-term contracting triangle pattern with resistance at $4,620. The price is trading above both $4,600 and the 100-hourly Simple Moving Average, indicating short-term strength.

ETH faces resistance near the 61.8% Fibonacci retracement level of the downward move from $4,765 to $4,416. If the price breaks above the $4,640 level, the next key resistance stands at $4,685, followed by the more important $4,765 level.

A clear move above $4,765 could push Ethereum toward $4,840. Breaking this resistance might trigger further gains, potentially sending the price toward $4,880 or even $4,920 in the near term.

Ethereum has shown resilience by forming a base above $4,420 and starting a recovery wave similar to Bitcoin. The bulls have pushed the price above several key resistance levels, including $4,500 and $4,550.

The hourly RSI (Relative Strength Index) for ETH/USD is currently above the 50 zone, further confirming positive momentum in the short term.

As of the latest data, Ethereum continues to consolidate gains above the $4,580 zone and might soon attempt to clear the crucial $4,640 resistance level to continue its bullish trend.