The cryptocurrency market has not had its typical “Uptober” efficiency to this point this month, with most large-cap property falling to new native lows previously few months. The Ethereum worth, which was on the verge of hitting $5,000 a number of weeks in the past, is now languishing beneath the $4,000 mark.
Whereas the “king of altcoins” had a stop-start efficiency over the previous week, its worth appears to be in a greater place than it was seven days in the past. Nevertheless, an fascinating outlook has emerged for the Ethereum worth, with the altcoin believed to have already reached its peak on this cycle.
How Possible Is A Double Prime For ETH Value?
Standard crypto analyst Ali Martinez just lately took to the social media platform X to share insights into the present setup of the Ethereum worth. In line with the market pundit, the second-largest cryptocurrency could possibly be in for an prolonged bearish interval over the subsequent few weeks.
This analysis revolves across the potential formation of the “double prime” sample on the 3-day timeframe of the Ethereum chart. For context, the double prime formation is a technical evaluation sample suggesting a attainable bearish development reversal after an asset’s worth touches a resistance stage with out breaking via.
As noticed within the chart above, the preliminary prime got here round late 2021 in the course of the altcoin season when the worth of ETH rose to the then-all-time excessive of above $4,800. This worth peak was adopted by a market crash, which noticed the worth of Ethereum drop to across the $1,000 mark by mid-2026.
In the meantime, the purported second prime of this Ethereum worth setup is the present all-time excessive of $4,946, reached earlier in August 2025. In line with knowledge from CoinGecko, the altcoin’s worth is presently greater than 20% adrift from this report excessive.
Whereas the 2 tops (practically 4 years) look considerably an identical, the worth motion between them makes it tough to definitively name them a “double prime” sample. Furthermore, the double prime can solely be confirmed when the worth drops beneath the assist stage, which usually is the bottom level between the 2 peaks. This assist stage would then be at round $1,000, which is a big distance from the present worth level.
However, it is very important take note of the worth motion of ETH over the subsequent few weeks, because it may present perception into the coin’s future relative to this setup.
Ethereum Value At A Look
As of this writing, the worth of ETH stands at round $3,983, reflecting an nearly 3% leap previously 24 hours.
