According to the recent data shared by on-chain analyst Ali Martinez, Ethereum price is currently positioned at a critical support level around $3,800, which could serve as a potential springboard for a major upward move.
Martinez suggested that a successful rebound from this level could attract renewed investor confidence.
This move would set the stage for Ethereum to challenge its next key resistance zone around $4,900, a level that has historically acted as a decisive barrier in previous cycles.
If Ethereum breaks through the $4,900 resistance with strong volume, Martinez envisions a “dream scenario” where ETH could accelerate its rally toward the $8,000 mark.
The projection illustrates a series of higher highs, reflecting a sustained bullish structure and potentially signaling a new phase of market optimism.
Such a move would likely coincide with broader crypto market strength, increased institutional activity, and improved network fundamentals.
It would reinforce Ethereum’s position as the leading smart contract platform heading into 2026.
Ethereum’s 2025 chart mirrors 2021 breakout pattern
Ethereum’s current price action appears to be repeating a familiar and powerful pattern.
According to analyst Crypto GEMs, the Ethereum chart is showing a striking similarity between its current 2025 structure and the 2021 breakout pattern that led to a massive rally.
In 2021, Ethereum broke free from a descending resistance line, consolidated briefly above a key horizontal level, and then surged to new all-time highs.
The 2025 setup is mirroring this pattern closely, with Ethereum once again breaking out from a prolonged downtrend.
It is now consolidating above a crucial resistance-turned-support zone near $4,000.
This formation signals growing strength and suggests Ethereum could be preparing for another significant upward move.
Crypto GEMs highlights that the repeating structure reflects cyclical market behavior often seen in crypto assets.
The current consolidation phase, marked in green, could serve as the foundation for Ethereum’s next leg higher. It may potentially mirror the explosive growth that followed the 2021 breakout.
If price stability continues above this level, it could confirm the beginning of a new bullish phase. This would set the stage for Ethereum to challenge higher resistance levels and possibly reach fresh highs above $4,091 as highlighted by the CoinLore platform.