Ethereum News Today: Ethereum Faces $4,300 Test: Bulls Aim for $6,000 While Bears Watch for a Drop to $3,900

Ethereum’s recent price movements have sparked a battle between bullish and bearish signals as the cryptocurrency approaches significant resistance after consolidating for four years. Market participants are watching closely to see if

(ETH) can surpass the $4,300 mark—a move that could either kick off a new rally or confirm a bearish reversal.

By late October 2025,

was trading around $4,200, having regained this level after a short-lived decline, according to . The analyst known as Pascal pointed out that Ethereum could be entering the final stage of its Elliott Wave cycle, with the fifth wave possibly aiming for $5,800–$6,300 if bullish momentum continues, as mentioned in the report. Yet, technical signals remain mixed. A symmetrical triangle on the 2-hour chart indicates possible resistance at $4,250, with crucial support at $4,064 and $4,020 needed to prevent a fall toward $3,900, according to . On the other hand, an ascending triangle pattern since October 10 suggests a breakout to $4,800–$4,900 could occur if $4,300 is convincingly cleared, based on .

Institutional involvement further complicates the outlook. On October 28, Ethereum spot ETFs saw $246 million in net inflows, indicating renewed interest from institutions, according to crypto.news, while Coinglass data revealed $7 million in outflows, suggesting limited on-chain confidence as per Benzinga. BitMine Immersion Technologies has increased its holdings to 3.31 million ETH (valued at $13.3 billion), now controlling 2.8% of the total circulating supply, as reported by crypto.news.

Experts remain divided on Ethereum’s long-term prospects. Some warn of short-term risks, while others foresee substantial gains over the next several years. Notably, analyst Ali Martinez projected a path to $10,000 by 2027–2028, provided key resistance levels are surpassed, according to

. Likewise, forecasts a $7,583 target by 2026, fueled by ETF inflows, a dovish Federal Reserve, and the anticipated Fusaka upgrade, which is expected to enhance scalability in late 2025.

Institutional adoption continues to be a central theme. Zach Friedman from Secure Digital Markets highlighted the significance of “institutional integration,” noting record ETF inflows and banks starting to accept ETH as collateral for loans, as discussed in

. Additionally, if the SEC approves ETF staking yields in the first half of 2026, institutional investors could see an extra 4–6% return, a point emphasized by Powerdrill Bloom’s analysis.

Despite strong fundamentals, broader economic challenges remain. The Federal Reserve’s decision on interest rates in December and possible rate cuts through 2026 will influence liquidity, a risk highlighted by Forbes. The introduction of new Layer 1 projects such as Monad and

could also draw liquidity away from Ethereum as investors pursue higher yields, another issue raised in Forbes. Additionally, analysts caution that bearish sentiment from October’s “Black Friday” liquidations—which wiped out leveraged traders and dampened retail interest—continues to linger, as reported by Forbes.

Traders are paying attention to three key areas:

1. $4,300 resistance: A daily close above this level would negate bearish outlooks and set sights on $4,500, according to Benzinga.

2. $4,064–$4,020 support: Losing these supports could lead to a decline toward $3,700, Benzinga warned.

3. Network fundamentals: The annualized burn rate of 1.32% and Layer 2 solutions handling 58.5% of transactions underscore Ethereum’s evolving economic structure, as highlighted in Powerdrill Bloom’s analysis.

With Ethereum at a pivotal moment, the next few months will reveal whether bullish forces can overcome technical and macroeconomic obstacles to spark a lasting upward trend.