Analysts say Ethereum is the best ecosystem, Ether on track to surpass $5,000

According to CoinDesk Research’s technical analysis data model, Ether Ethereum$3,861.55 It advanced in heavier-than-usual trading, but fell late after the upper band’s rejection, leaving a narrower range and clear checkpoints above and below.

Analyst comment

• Cryptocurrency analyst Michael van de Poppe told X that Ethereum is a great ecosystem to invest in, and that Ethereum is approaching an all-time high of over $5,000.
• In layman’s terms, he argues that developer activity, products, and network effects are making the Ethereum ecosystem attractive, and price trends are approaching the strength seen before the record high.
• How that applies to today’s chart is that the model shows buyers moving aggressively to the upside, while sellers are still defending the $3,860 to $3,880 range. In a case of trading in record territory, the first challenge would be a clean retrieval of $3,880 and a follow-through above the session high of $3,887.35. This is a step that signals control returns to buyers near the top of the current range.

Technical analysis highlights

• Performance and participation: ETH +1.50% to $3,822.60, volume +19.01% (compared to 7-day average). -0.06% deviation from CD5.
• Intraday Pass: $3,771.27 to $3,822.78, with a range of $193.66 and lows throughout the session.
• Peak Momentum: At 2:00 PM UTC, volume was 446.7K, pushing $3,860 to a new high of $3,887.35.
• Delayed Rejection: Final time -1.30% ($3,869 → $3,820, 21.8K volume (about 6x the session average for that phase)) and forms a low around $3,865.

Support and resistance map

• Support: $3,680 to $3,720 zone that captures early session weakness.
• Resistance: Range from $3,860 to $3,880. The psychological level is $3,880.
• Short-term band: After testing the upper band, trading was concentrated between $3,730 and $3,880.
• Session Reference: Recovery at $3,880 resumes highs at $3,887.35.

Scroll

• Overall: +19.01% vs. 7-day average indicates meaningful participation.
• Forward: 446.7K marked the strongest bullish record at 2:00 PM UTC.
• Close: A 21.8,000 drop from $3,869 to $3,820 indicates that supply is hitting a late ceiling.

What the pattern suggests

• Uptrend with warning flags: Higher lows moving forward, but lower highs towards the close warns that sellers are still active near the top of the range.
• Range Movement: With demand trending down and supply between $3,860 and $3,880, $3,730 to $3,880 forms the short-term map.
• Next proof point: Bulls want to break out solidly and sustain above $3,880. The bears will aim for a loss of $3,720 for an exposure of $3,680.

Target and risk framework

• If the buyer presses: Get back $3,880 → Confirm $3,887.35. Sustained strength allows you to stay focused on the upper band.
• If the seller regains control: Below $3,720 → $3,680 becomes the next demand area.
• Tactical Lens: With increasing participation but respecting resistance, many traders are waiting for a clear breakout between $3,730 and $3,880 before leaning more strongly.

CoinDesk 5 Index (CD5) Context

• Range and Turn: CD5 rose from $1,878.33 to $1,901.52, reaching $1,924.98 before reversing to $1,901.52, coinciding with a profit-taking into resistance across the majors.

Disclaimer: Portions of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance. our standards. For more information, see CoinDesk’s complete AI policy.