ETH Eyes Price Discovery After Breakout, Analyst Targets $10K

3 mins mins

Key Insights:

Ethereum confirms breakout above $3,865–$4,160, retesting zone as support, setting stage for possible continuation higher.
Daily chart shows ETH bouncing from $3,800 support; reclaiming $4,265 may trigger strong upside momentum.
Losing $3,800 risks drop to $3,600, but holding keeps Ethereum’s path open toward the $10K target.

*ETH Eyes Price Discovery After Breakout, Analyst Targets $10K*

Ethereum (ETH) was trading at $4,014 today with a 24-hour trading volume of $35.87 billion. The token is up 2% in the last 24 hours but remains down 10% over the past week. Technical charts show ETH completing a breakout above the $3,865–$4,160 zone, an area that had capped price rallies in recent years.

Crypto Candy shared a weekly chart noting,

“$ETH breakout and retest done on a weekly timeframe. Expecting to hit new ATH and enter price discovery mode. Loading $10k in Q4…”

$ETH breakout and retest done on weekly timeframe. Expecting to hit new ATH and enter price discovery mode. Loading $10k in Q4… pic.twitter.com/vhZf1Lf5kS
— Crypto Candy🔥💎 (@cryptocandy24x) September 27, 2025

The chart highlights this former resistance zone turning into support, which strengthens the case for a continued upward move.

Key Resistance and Upside Potential

The breakout zone between $3,865 and $4,160 now acts as a critical support level for ETH. If buyers defend this area, price could build momentum toward untested territory above the prior all-time high. The projection line on the weekly chart indicates the potential for ETH to move toward $6,000 and beyond if momentum sustains.

This technical setup points to Ethereum entering a price discovery phase. With no defined resistance above previous highs, analysts suggest higher targets could be possible, including the $10,000 mark discussed by Crypto Candy.

Daily Structure Shows Crucial Levels

A separate chart shared by Ted highlights Ethereum on the daily timeframe. ETH recently bounced off the $3,800 support zone, which acted as a major demand area during the recent dip.

Ted commented,

“$ETH had a good bounce back from the $3,800 support level. It’s now approaching a crucial resistance level, and a reclaim of it will result in more upside. In case Ethereum loses the $3,800 support level, a dump towards the $3,600 level is highly likely.”

The daily chart marks immediate resistance at $4,060–$4,265. A successful reclaim of this level could pave the way to $4,750–$4,800. On the downside, a loss of the $3,800 level would open the way to deeper support at $3,600–$3,570.

The combined analysis presents Ethereum at a pivotal moment. The weekly breakout structure suggests that ETH may be preparing for a run into price discovery. Meanwhile, the daily chart sets $3,800 as the line that must hold for the bullish outlook to remain valid.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.