Analyst Claims Ethereum Poised for New High Above $5,000
Ethereum (ETH) has recently experienced significant trading activity, with prices rising temporarily before falling after hitting resistance in the $3,860 to $3,880 range. Analyst Michaël van de Poppe has highlighted Ethereum as the best ecosystem to invest in, suggesting that it is on the brink of surpassing its all-time high of $5,000. On October 31, 2025, ETH gained 1.5% to $3,822.60, supported by a trading volume 19.01% above the seven-day average. However, a noted rejection near the upper resistance level indicates the presence of sellers, raising caution. The key levels to watch include a support range of $3,680 to $3,720 and the need for a breakthrough above $3,880 to potentially open the path to new highs. Technical indicators show that while buyers are present, resistance remains significant, indicating a possible consolidation phase before a decisive movement can occur.
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