• Ethereum is trading at $3,919 following a 2.22% correction, and an important supporting level is holding strong around $3,800.
• Analysts present upside targets at $4,500, $4,955, and $5,766, which could indicate a possible 50% retracement against Bitcoin.
• More than 16,000 new developers joined Ether in 2025 and increased its ecosystem to 31,869 active contributors.

Ethereum (ETH) is showing resilience despite recent volatility, now trading around $3,919 following a slight 2.22% decline. Analysts pointed to a crucial support retracement at $3,800 with possible bounce targets at $4,500 and higher. In the meantime, Ether’s development ecosystem continues to grow apace, supporting its long-term viability.

Currently, ETH is trading at $3,919.43, down 2.22% in the last 24 hours. With a market capitalization of $473.07 billion and 24-hour trade volumes amounting to $74.31 billion, Ether controls a market share of 12.80%. Despite recent dips, analysts remain optimistic about its medium-term potential.

Ethereum Continues to Retest $3,800 Support

ETH keeps retracing its $3,800 support level while volatility increases in October trade. Analyst Donald Dean highlighted the possible bull targets at $4,500, $4,955, and $5,766. The initial target matches the important volume shelf, while $4,955 assumes a test of the latest settlements.

A successful move past $4,955 could clear the way to $5,766, marking a 50% retracement against Bitcoin. Despite short-term uncertainty, Ether’s support resilience indicates possible accumulation, suggesting that bullish momentum may soon resume if buyers defend the $3,800 mark.

Also Read | Ethereum Holds Key $3,000 Zone as Bullish Momentum Builds Toward $10K

Ethereum Developer Ecosystem Shows Remarkable 2025 Growth

Beyond the price fluctuation of the prices, the Ethereum development ecosystem continues to expand. According to a post by the Ethereum Foundation, ETH has over 16,000 new developers joining the network in the first half of 2025, which is a positive growth in the ecosystem.

The surge also solidifies ETH as the biggest active community of developers in the blockchain realm, which now has 31,869 developers. Otherwise, Solana has 17,708 developers and Bitcoin has 11,036 developers. Notably, Solana representatives added that their data could be somewhat outdated, implying that they could be undercounting.

The Ethereum Foundation explained that those counts are for developers working on the Ether main network as well as on its Layer-2 solutions, such as Arbitrum, Optimism, and Unichain, without double-counting contributors involved across multiple projects.

The technical outlook has critical support at $3,800 and high developer participation, further building long-term fundamentals, and as a result, ETH is poised to continue gaining new momentum. 

Also Read | Ethereum or Solana? The Battle for Developer Dominance in 2025