Ethereum (ETH), the second-largest cryptocurrency by market capitalization, currently holds a market cap of about $553.46 billion, reaffirming its dominance in the altcoin sector. With a 24-hour trading volume of nearly $47.58 billion, ETH’s price movements remain closely watched as traders assess its role in decentralized finance (DeFi), NFTs, and broader market trends amid ongoing volatility.

At press time, the altcoin is trading at $4,585.25, having increased by 2.04% over the past 24 hours. The price is moving in a bullish trend and is currently testing a resistance level near $4,598.42. If it breaks above this, the next target could be $4,800.00. On the downside, the support level is around $4,504.82. If the altcoin falls below this level, we might see a drop towards $4,250.00.

The blue line indicates the resistance level at $4,598.42, while the yellow line represents the support level at $4,504.82.
Also Read: Can Ethereum Hit $5K This September? Indicators Point to an 8–10% Surge
According to the Moving Average chart, the cryptocurrency is currently experiencing a bullish trend with the moving average indicator below the candles at $4,307.70. At the same time, the Moving Average Convergence Divergence (MACD) indicates a bullish crossover, suggesting that the price may continue to increase.

The MACD line above the signal line indicates a bullish crossover. The blue line represents the MACD line, while the orange line indicates the signal line.
According to Coincodex’s current price prediction for the altcoin, the price is expected to rise by 11.33% and reach $ 5,100.57 by October 18, 2025. Based on the ETH forecast, it’s now a good time to buy the altcoin.

According to Coincodex data, the altcoin is expected to reach its highest price of $ 5,040.84 on September 23, 2025, representing a 10.19% growth compared to the current price over the next five days. This follows a 3.42% price change over the last 7 days.

According to this chart, Ethereum could reach a maximum of $8,643.76 by December 2025, which would surpass its previous all-time high of $4,953.73, suggesting ETH is likely to hit a new ATH before 2026.
Also Read: Ethereum Future Plans: Vitalik Outlines Scaling, Privacy, and Simplified Quantum-Resistant Core