The cryptocurrency market has not had its typical “Uptober” performance so far this month, with most large-cap assets falling to new local lows in the past few months. The Ethereum price, which was on the verge of hitting $5,000 a few weeks ago, is now languishing below the $4,000 mark. While the “king of altcoins” had a stop-start performance over the past week, its price seems to be in a better place than it was seven days ago. However, an interesting outlook has emerged for the Ethereum price, with the altcoin believed to have already reached its peak in this cycle. How Feasible Is A Double Top For ETH Price? Popular crypto analyst Ali Martinez recently took to the social media platform X to share insights into the current setup of the Ethereum price. According to the market pundit, the second-largest cryptocurrency could be in for an extended bearish period over the next few weeks. Related Reading: Dogecoin Bears Tighten Grip, But This Support Zone Hints At A Potential Reversal This evaluation revolves around the potential formation of the “double top” pattern on the 3-day timeframe of the Ethereum chart. For context, the double top formation is a technical analysis pattern suggesting a possible bearish trend reversal after an asset’s price touches a resistance level without breaking through. As observed in the chart above, the initial top came around late 2021 during the altcoin season when the price of ETH rose to the then-all-time high of above $4,800. This price peak was followed by a market crash, which saw the value of Ethereum drop to around the $1,000 mark by mid-2026.  Meanwhile, the purported second top of this Ethereum price setup is the current all-time high of $4,946, reached earlier in August 2025. According to data from CoinGecko, the altcoin’s value is currently more than 20% adrift from this record high. While the two tops (nearly four years) look somewhat identical, the price action between them makes it tricky to definitively call them a “double top” pattern. Moreover, the double top can only be confirmed when the price drops below the support level, which typically is the lowest point between the two peaks. This support level would then be at around $1,000, which is a significant distance from the current price point. Nevertheless, it is important to pay attention to the price movement of ETH over the next few weeks, as it could provide insight into the coin&#8217;s future relative to this setup. Ethereum Price At A Glance As of this writing, the price of ETH stands at around $3,983, reflecting an almost 3% jump in the past 24 hours. Related Reading: Ethereum Price Prediction: Analyst Forecasts What Will Happen In The Last Quarter Of The Year Featured image from iStock, chart from TradingView

يشهد سوق العملات المشفرة أداءً أبطأ من المعتاد في أكتوبر، حيث انخفض سعر الإيثيريوم إلى أقل من 4000 دولار بعد أن كان قريبًا من 5000 دولار مؤخرًا. على الرغم من تحسن طفيف خلال الأسبوع الماضي، يشير المحللون إلى نمط محتمل يُعرف بـ 'القمة المزدوجة'، مما قد يدل على مزيد من التقلبات في المستقبل. هذا الأمر مهم لأنه يسلط الضوء على عدم اليقين في سوق العملات المشفرة والتحديات التي تواجه الأصول الكبرى مثل الإيثيريوم، مما يؤثر على استراتيجيات المستثمرين ومشاعر السوق.

El mercado de criptomonedas está experimentando un octubre más lento de lo habitual, con el precio de Ethereum cayendo por debajo de los 4,000 dólares después de acercarse a los 5,000 dólares recientemente. A pesar de una ligera mejora en la última semana, los analistas están señalando un posible patrón de 'doble techo', lo que podría indicar una mayor volatilidad en el futuro. Esto es relevante porque resalta la incertidumbre en el mercado cripto y los desafíos que enfrentan activos importantes como Ethereum, afectando las estrategias de los inversores y el sentimiento del mercado.

Le marché des cryptomonnaies connaît un octobre plus lent que d'habitude, avec le prix de l'Ethereum tombant sous les 4 000 $ après avoir frôlé les 5 000 $ récemment. Malgré une légère amélioration au cours de la semaine passée, les analystes notent un potentiel motif de 'double sommet', ce qui pourrait indiquer une volatilité supplémentaire à venir. Cela est important car cela met en lumière l'incertitude sur le marché des cryptos et les défis auxquels des actifs majeurs comme l'Ethereum font face, impactant les stratégies des investisseurs et le sentiment du marché.

The cryptocurrency market is experiencing a slower than usual October, with Ethereum's price dropping below $4,000 after nearing $5,000 recently. Despite a slight improvement over the past week, analysts are noting a potential 'double top' pattern, which could indicate further volatility ahead. This matters because it highlights the uncertainty in the crypto market and the challenges that major assets like Ethereum face, impacting investors' strategies and market sentiment.

Is The Ethereum Bull Cycle Over? Analyst Identifies Potential ‘Double Top’ Pattern

Crypto markets pushed higher on Wednesday after bitcoin broke above a key resistance level, triggering heavy liquidations and paving the way for sharp gains across altcoins.

تجاوزت عملة البيتكوين 94,500 دولار، مما يمثل اختراقًا كبيرًا أدى إلى تنشيط أسواق العملات المشفرة وأدى إلى تصفية كبيرة للمراكز القصيرة، مما أفاد بشكل خاص العملات البديلة. تشير هذه الحركة الصعودية إلى تحول في مشاعر السوق نحو نظرة أكثر تفاؤلاً.

Bitcoin ha superado los 94,500 dólares, marcando un avance significativo que ha energizado los mercados de criptomonedas y llevado a liquidaciones sustanciales de posiciones cortas, beneficiando particularmente a los altcoins. Este movimiento ascendente indica un cambio en el sentimiento del mercado hacia una perspectiva más optimista.

Bitcoin a franchi la barre des 94 500 $, marquant une percée significative qui a dynamisé les marchés de la cryptomonnaie et entraîné d'importantes liquidations de positions courtes, bénéficiant particulièrement aux altcoins. Ce mouvement à la hausse indique un changement de sentiment sur le marché vers une perspective plus haussière.

Bitcoin has surged past $94,500, marking a significant breakthrough that has energized the crypto markets and led to substantial liquidations of short positions, particularly benefiting altcoins. This upward movement indicates a shift in market sentiment towards a more bullish outlook.

Bitcoin clears $94,500 as altcoins steal the spotlight: Crypto Markets Today

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Is The Ethereum Bull Cycle Over? Analyst Identifies Potential ‘Double Top’ Pattern

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