The present correction in Ethereum could change into a major ‘bear entice,’ culminating in a pointy rise in October or November, based on dealer Johnny Woo.
Right here’s one doable situation for #Ethereum $ETH #ETH:
It’d look bearish at first, but when it performs out, it may very well be the largest bear entice I’ve ever seen. In September, they might paint a head-and-shoulders sample to spook everybody, then invalidate it in “Uptober,” trapping… pic.twitter.com/8aZrEJXAOx— Johnny Woo | By no means DM you for Cash (@j0hnnyw00) September 1, 2025
In line with him, a head-and-shoulders sample could type on the chart of the second-largest cryptocurrency by market capitalization in September, which might alarm the market. Nevertheless, this decline can be adopted by the sample’s invalidation and a brand new all-time excessive.
An identical situation occurred in September 2021, Woo famous. At the moment, Ethereum’s value fell by 30%—from $3950 to $2750. By November, the asset had set a brand new value document.
A Breakthrough of $5000 Wanted
A dealer generally known as Daan Crypto Trades supported this view. He added that not too long ago, ETH has been in a consolidation part inside the $4300-4500 vary, creating instability for buyers.
$ETH Has simply been chopping everybody up because it has been consolidating in the center of the vary round this $4.3K-$4.5K space.
Nonetheless not a spot for me to take any commerce with the shortage of momentum and particularly at the beginning of a brand new week & month.
I believe a retest of the vary… https://t.co/VwW05H1hW3 pic.twitter.com/wRC5zSYuCs
— Daan Crypto Trades (@DaanCrypto) September 1, 2025
He emphasised {that a} retest of the decrease boundary and the 200 EMA on the four-hour timeframe will likely be a key level for a possible reversal.
“Alternatively, consolidation above $5000 will likely be a bullish sign and may result in development into the all-time excessive zone,” the professional added.
A technical analyst generally known as EtherNasyonaL famous that Ethereum is “on the verge of a parabolic run.” An identical sample was noticed in 2017.
Ethereum is actually on the verge of a parabolic run.$ETH https://t.co/JgxwjuzNN4 pic.twitter.com/FXeUoxdusW
— EᴛʜᴇʀNᴀꜱʏᴏɴᴀL 💹🧲📈 (@EtherNasyonaL) September 1, 2025
Michaël van de Poppe added that the present stage of the altcoin “creates an ideal alternative” to enter the market. The professional predicted a pointy rise in the fourth quarter.
On the time of writing, Ethereum is buying and selling round $4400. Over the previous 24 hours, its value has fallen by 2.2%.
Earlier in September, ConsenSys founder Joseph Lubin predicted a 100-fold improve in the worth of the second-largest cryptocurrency by market capitalization.
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