{"id":7731,"date":"2025-10-22T04:11:10","date_gmt":"2025-10-22T04:11:10","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/analyst-sounds-alarm-ethereum-could-unwind-to-2850\/"},"modified":"2025-10-22T04:11:10","modified_gmt":"2025-10-22T04:11:10","slug":"analyst-sounds-alarm-ethereum-could-unwind-to-2850","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/analyst-sounds-alarm-ethereum-could-unwind-to-2850\/","title":{"rendered":"Analyst Sounds Alarm: Ethereum Could Unwind To $2,850"},"content":{"rendered":"

In a market update on Oct. 10, technical analyst Nik Patel (@OstiumLabs) argued that Ethereum is approaching a make-or-break zone where the next few sessions could define whether the advance resumes or a deeper unwind unfolds. With spot ETH quoted around $4,000, Patel anchored his thesis to a tight cluster of reclaim and invalidation levels on both ETH\/USD and ETH\/BTC, emphasizing that lower-timeframe behavior must align with higher-timeframe structure to keep the bullish path open.<\/p>\n

Key Price Levels For Ethereum Now<\/h2>\n

On the weekly ETH\/USD chart, Patel said<\/a> the market \u201cwicked lower into the August open last week but held above the previous weekly low and trendline support,\u201d resulting in an inside week that nevertheless closed \u201cmarginally below that major pivot.\u201d The pivot is explicit: \u201cWe want to see this pivot at $4,093 reclaimed immediately and not flipped into resistance here on the lower timeframes, or else we could expect another flush of the lows towards that 2025 open.\u201d<\/p>\n

If buyers do force the reclaim, Patel expects last week\u2019s action to stand as a quarterly low: \u201cIf we do reclaim $4,093 here, which is what I expect, we should have our quarterly low now in and I would want to see $4,400 flipped into support for the move higher into all-time highs and beyond.\u201d<\/p>\n

\"Ethereum<\/p>\n

He framed the weekly invalidation at $3,700, warning that a close below would put the yearly open on watch as \u201clast-stand support\u201d for the bullish structure; failure there risks \u201ca much bigger unwind back into $2,850.\u201d Patel\u2019s base case remained constructive: \u201cacceptance back above $4,093 into next week and then a close above $4,400 for October, leading to new highs through $5,000 in early November and a very strong month for ETH.\u201d<\/p>\n

The daily ETH\/USD read connects that high-timeframe blueprint to momentum and market structure. Patel noted \u201cmomentum exhaustion into the lows\u201d followed by a higher-low last week, a formation that now must be defended. He wants to see the sequence reassert itself with a drive above the mid-range and a subsequent higher-low above the weekly pivot: \u201cwe absolutely want to see this structure now protected and price to form a higher-high above the mid-range at $4,352 and then another higher-low above $4,093 before a breakout higher and a push towards fresh highs.\u201d<\/p>\n

\"Ethereum<\/p>\n

For confirmation of an impulsive leg, he flagged a trendline break, a flip of the ATH-anchored VWAP into support, and an RSI regime shift: \u201cIf we get a trendline breakout and price flips that ATH VWAP into support with daily RSI above 50, I\u2019d expect a move into $4,950 very swiftly, followed by price discovery in November.\u201d The daily invalidation mirrors the weekly logic: if $4,093 acts as resistance and the market pushes below $3,700\u2014then closes beneath it\u2014\u201cwe\u2019re absolutely retesting the yearly open,\u201d in his view.<\/p>\n

ETH Vs. BTC<\/h2>\n

Against Bitcoin, Patel contends that the relative pair has likely printed its Q4 low. On the weekly ETH\/BTC chart, price was rejected at trendline resistance, then retraced to the yearly open and held, closing \u201cmarginally green\u201d while respecting trendline support off the 2025 lows.<\/p>\n

\"ETH\/BTC<\/p>\n

\u201cIt is my view that the Q4 low for the pair has formed here,\u201d he wrote, adding that a retest and break above the descending boundary into early November would set the stage for a measured expansion: \u201cacceptance above 0.0417 opens up the next leg higher into 0.055.\u201d He placed weekly invalidation at 0.0319.<\/p>\n

The daily ETH\/BTC map refines those signals into actionable levels. Price \u201cmarked out that low between 0.0319 and the yearly open before bouncing hard and reclaiming 0.036 as support.\u201d Ideally, 0.036 now acts as a springboard; if not, Patel allows for a higher-low \u201cabove the 0.0319 level before continuation higher.\u201d<\/p>\n

The tactical tell would be a flip of nearby supply: \u201cIf we can flip 0.0379 as reclaimed support here, that would be promising for the view that a trendline breakout is imminent, following which I would expect 0.0417 to be taken out and price to head higher, with minor resistance above that at 0.049 before 0.055.\u201d He also identified a confluence band below: \u201cWe have a confluence of support between 0.0293 and 0.0319, so flipping that range into resistance would be very bearish ETH\/BTC.\u201d<\/p>\n

Taken together, Patel\u2019s Oct. 10 blueprint hinges on three synchronizations: ETH\/USD must swiftly reclaim and defend $4,093; $4,400 must convert from ceiling to floor to clear the runway toward prior highs and a potential $4,950 extension; and ETH\/BTC should drive through 0.0379 and then 0.0417 to confirm relative-strength breadth beneath any dollar-denominated breakout.<\/p>\n

The downside is equally crisp: failure to reclaim $4,093, a weekly close below $3,700, and a subsequent loss of the yearly open would validate the risk that, in Patel\u2019s words, Ethereum could \u201cunwind back into $2,850.\u201d<\/p>\n

At press time, ETH traded at $3,872.<\/p>\n

\"Ethereum<\/p>\n","protected":false},"excerpt":{"rendered":"

In a market update on Oct. 10, technical analyst Nik Patel (@OstiumLabs) argued that Ethereum is approaching a make-or-break zone where the next few sessions could define whether the advance resumes or a deeper unwind unfolds. With spot ETH quoted around $4,000, Patel anchored his thesis to a tight cluster of reclaim and invalidation levels…<\/p>\n","protected":false},"author":1,"featured_media":7732,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[138,359,360,343,102,232,233],"class_list":["post-7731","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eth","tag-eth-news","tag-eth-price","tag-ether","tag-ethereum","tag-ethereum-news","tag-ethereum-price"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/7731","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=7731"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/7731\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/7732"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=7731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=7731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=7731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}