Ethereum price dipped to near $3,800 this weekend, following sharp losses on renewed global trade tensions. The correction came after US President Donald Trump activated customs tariffs of 100% on all imports from China, a decision that shook both equity and crypto markets. Bitcoin fell more than 8%, along with other major altcoins.

Despite the selloff, analysts believe that Ethereum has solid fundamentals. After a rebound from the $3,540 and $3,800 support zones to once again break over $4,000, there is reason to believe ETH could continue to gain momentum. While the short-term tone remains cautious, a number of market observers state that Ethereum can still rise toward the $4,500 level before Bitcoin’s next significant bull run plays out. Meanwhile, analysts have identified MAGACOIN FINANCE for 165x upside in the current market cycle.

Ethereum Technical Analysis: Support and Resistance Define the Setup

Ethereum Ethereum Ethereum 1.59% Ethereum Ethereum ETH Price $1,740.99 1.59% /24h Volume in 24h $6.22B Price 7d Buy with Best Wallet recently demonstrated resilience after last week’s volatility, as it rebounded from around $3,510 to break above $4,000 once again. Technical charts have predicted this rise, as the RSI has bounced from oversold territory near 24, and selling pressure was diminishing. Simultaneously, the MACD histogram has flattened, which many interpreted as an early sign of the momentum changing direction.

After a bullish reversal was confirmed by a decisive closing above $4,055, the next intermediate objective lies in the $4,330-$4,393 region, where the 100-day moving average is located.

Whale Accumulation and On-Chain Signals Remain Strong

On-chain data indicates a steady accumulation of whales at Ethereum’s current levels. Open interest in ETH futures has been rising throughout recent volatility, suggesting that investors are staying invested rather than selling.

The funding rate also became negative, meaning that shorts now pay longs, a common arrangement in price reversals. Market analyst Donald Dean stated that the existing structure is a “textbook accumulation phase,” which often precedes major rallies. With continued institutional accumulation, increasing trading volume, and positive market sentiment, our Ethereum price prediction for late October remains bullish.

Economist Timothy Peterson predicts that the price of Bitcoin Bitcoin Bitcoin 1.29% Bitcoin Bitcoin BTC Price $64,231.88 1.29% /24h Volume in 24h $16.50B Price 7d Buy with Best Wallet could recover up to 21% this week if October-based patterns are followed. He observed that, except for the years 2017, 2018, 2019, and 2021, declines above 5% are uncommon in October. In those years, Bitcoin gained 16%, 4%, and 21% respectively, while in 2021, it lost another 3%.

After hitting an all-time high of $125,000, Bitcoin dropped to $102,000 last Friday amid Trump’s escalation of tariffs, but quickly rebounded on the long, up to $112,468. If history repeats and Bitcoin replicates its 2019 performance, where it gained 21%, then its price could recover to approximately $124,000 in a few days, retesting its all-time high.

A fresh Bitcoin $120,000 surge would have a positive impact on market sentiment, and could drive a re-engagement of Ethereum further above $4,000, as capital is redirected from centralized exchanges back into altcoins and L1 networks.

Analysts Turn to MAGACOIN FINANCE Amid Ethereum Debate

As analysts debate whether Ethereum can push further toward $4,500, many are turning attention to MAGACOIN FINANCE. The emerging project has drawn investor interest with projections of a potential 165x upside, driven by rapid whale accumulation and growing trading activity.

Large-scale holders continue to acquire MAGACOIN FINANCE tokens, showing strong trust in its impact on market sentiment despite broader volatility. Analysts view this behavior as a sign of long-term conviction and confidence in the project’s fundamentals.

MAGACOIN FINANCE Financial Freedom

Even as the crypto market tentatively consolidates amid its recent volatility, MAGACOIN FINANCE remains resilient, supported by its expanding global community. Its consistent growth has positioned it among the best gainers during the current consolidation phases, with whales signaling belief in its long-term potential.

Momentum Builds for a Crypto Market Recovery

Ethereum price prediction remains cautiously optimistic as ETH trades near key support. Technical and on-chain data point toward stabilization, while whale accumulation shows confidence from large investors. If Ethereum breaks above $4,330, it may trigger renewed bullish momentum alongside Bitcoin’s potential surge to $124,000.

Meanwhile, the growing traction of MAGACOIN FINANCE underscores how investors are diversifying into emerging assets. Its whale accumulation and 165x upside projections highlight continued risk appetite despite market uncertainty. As Bitcoin and Ethereum regain strength, projects like MAGACOIN FINANCE could lead the next wave of the crypto market recovery into November.

Visit MAGACOIN FINANCE

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Jose Aquino
Jose Aquino
Editor

Jose Rafael Aquino is a Filipino writer and entrepreneur that specializes in finance, technology, cryptocurrency, and sports. Versed in the startup tech space, he has written for websites such as The GUIDON, TradingPlatforms, StockApps, and BuyShares. Read More

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