Ethereum price dipped to near $3,800 this weekend, following sharp losses on renewed global trade tensions. The correction came after US President Donald Trump activated customs tariffs of 100% on all imports from China, a decision that shook both equity and crypto markets. Bitcoin fell more than 8%, along with other major altcoins.
Despite the selloff, analysts believe that Ethereum has solid fundamentals. ETH price has formed continuous support zones between $3,540 and $3,800, suggesting that buyers still came into play. While the short-term tone remains cautious, a number of market observers state that Ethereum can still move above $4k before Bitcoin’s next significant bull run plays out. Meanwhile, analysts have identified MAGACOIN FINANCE for 165x upside in the current market cycle.
Ethereum Technical Analysis — Support and Resistance Define the Setup
Ethereum Technical Analysis — Support and Resistance Define the SetupEthereum recently demonstrated resilience after last week’s volatility, as it rebounded from around $3,510. Technical charts indicate a possible breakout from the downwards channel with improving momentum. The RSI has bounced from oversold territory near 24, which means that selling pressure is diminishing. Simultaneously, the MACD histogram is flattening, an early sign of momentum changing direction.
Source: X
Fibonacci ratios put ETH near the 23.6% retracement level at $3,719, with further targets at $3,847-$3,951. Bullish reversal confirmed by decisive closing above $4,055, offering an intermediate objective in $4,330-$4,393 region where the 100-day moving average is located. However, the inability to hold above $3,720 could subject ETH to retests of $3,511, a notable psychological support and resistance level.
Whale Accumulation and On-Chain Signals Remain Strong
On-chain data indicates a steady accumulation of whales at Ethereum’s current levels. Open interest in ETH futures has risen as prices fell, suggesting that investors are staying invested rather than selling.
The funding rate also became negative, meaning that shorts now pay longs, a common arrangement in price reversals. Market analyst Donald Dean stated that the existing structure is a “textbook accumulation phase,” which often precedes major rallies. With continued institutional accumulation, increasing trading volume, and positive market sentiment, Ethereum price prediction for late October remains bullish.
Ethereum Funding Rates – Source: Cryptoquant
Bitcoin Market Outlook — October Trends Signal a 21% Rebound Potential
Economist Timothy Peterson predicts that Bitcoin’s price could recover up to 21% this week if October-based patterns are followed. He observed that, except for the years 2017, 2018, 2019, and 2021, declines above 5% are uncommon in October. In those years, bitcoin gained 16%, 4%, and 21% respectively, while in 2021 it lost another 3%. According to CoinGlass,
October is historically nicknamed “Uptober”, as shown by a 20.1% average return since 2013.
Bitcoin dropped to $102,000 on Friday amid Trump’s escalation of tariffs, but quickly rebounded on the long, up to $112,468 after hitting an all-time high of $125,100 earlier this week. If history repeats and Bitcoin rebounds like it did in 2019 by 21%, then its price could rocket to approximately $124,000 in a few days, retesting its all-time high. A fresh Bitcoin $120K surge would have a positive impact on market sentiment, and could drive a re-engagement of Ethereum back above $4K, as capital is redirected from centralized exchanges back into Altcoins and L1 networks.
Source: CoinMarketCap
Analysts Turn to MAGACOIN FINANCE Amid Ethereum Debate
As analysts debate whether Ethereum can reclaim $4K, many are turning attention to MAGACOIN FINANCE. The emerging project has drawn investor interest with projections of a potential 165x upside, driven by rapid whale accumulation and growing trading activity. Large-scale holders continue to acquire MAGACOIN FINANCE tokens, showing strong trust in its market sentiment despite broader volatility. Analysts view this behavior as a sign of long-term conviction and confidence in the project’s fundamentals.
Even as the crypto market correction continues, MAGACOIN FINANCE remains resilient, supported by its expanding global community. Its consistent growth has positioned it among the best gainers during the current consolidation phases, with whales signaling belief in its long-term potential.
Momentum Builds for a Crypto Market Recovery
Ethereum price prediction remains cautiously optimistic as ETH trades near key support. Technical and on-chain data point toward stabilization, while whale accumulation shows confidence from large investors. If Ethereum breaks above $4,055, it may trigger renewed bullish momentum alongside Bitcoin’s potential surge to $124K.
Meanwhile, the growing traction of MAGACOIN FINANCE underscores how investors are diversifying into emerging assets. Its whale accumulation and 165x upside projections highlight continued risk appetite despite market uncertainty. As Bitcoin and Ethereum regain strength, projects like MAGACOIN FINANCE could lead the next wave of the crypto market recovery into November.
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