The cryptocurrency market has not had its typical “Uptober” efficiency to this point this month, with most large-cap assets falling to new native lows prior to now few months. The Ethereum value, which was on the verge of hitting $5,000 a couple of weeks in the past, is now languishing under the $4,000 mark.
Whereas the “king of altcoins” had a stop-start efficiency over the previous week, its value appears to be in a greater place than it was seven days in the past. Nevertheless, an fascinating outlook has emerged for the Ethereum value, with the altcoin believed to have already reached its peak on this cycle.
How Possible Is A Double Prime For ETH Value?
Widespread crypto analyst Ali Martinez lately took to the social media platform X to share insights into the present setup of the Ethereum value. Based on the market pundit, the second-largest cryptocurrency may very well be in for an prolonged bearish interval over the following few weeks.
This analysis revolves across the potential formation of the “double high” sample on the 3-day timeframe of the Ethereum chart. For context, the double high formation is a technical evaluation sample suggesting a doable bearish development reversal after an asset’s value touches a resistance degree with out breaking by means of.
As noticed within the chart above, the preliminary high got here round late 2021 throughout the altcoin season when the value of ETH rose to the then-all-time excessive of above $4,800. This value peak was followed by a market crash, which noticed the worth of Ethereum drop to across the $1,000 mark by mid-2026.
In the meantime, the purported second high of this Ethereum value setup is the present all-time excessive of $4,946, reached earlier in August 2025. Based on information from CoinGecko, the altcoin’s worth is presently greater than 20% adrift from this report excessive.
Whereas the 2 tops (practically 4 years) look considerably equivalent, the value motion between them makes it difficult to definitively name them a “double high” sample. Furthermore, the double top can solely be confirmed when the value drops under the help degree, which usually is the bottom level between the 2 peaks. This help degree would then be at round $1,000, which is a big distance from the present value level.
However, you will need to take note of the value motion of ETH over the following few weeks, because it might present perception into the coin’s future relative to this setup.
Ethereum Value At A Look
As of this writing, the value of ETH stands at round $3,983, reflecting an nearly 3% bounce prior to now 24 hours.
