Analyst Warns: ETH Nears $5K High, But Faces Key Hurdle

• Crypto analyst Michaël van de Poppe predicts Ether (ETH) is on the verge of a new all-time high, potentially surpassing $5,000.
• Ether recently rose 1.50% to $3,822.60 on trading volume that was 19.01% above its seven-day average, signaling strong market participation.
• The bullish momentum was halted by a sharp rejection at the critical $3,860–$3,880 resistance zone, pushing the price back down.
• Key technical levels are now clearly defined, with immediate support at $3,680–$3,720 and a crucial breakout point above $3,880.

Analyst Foresees Record Highs for Ethereum

Prominent crypto analyst Michaël van de Poppe has made a bold prediction, stating that Ethereum is the premier ecosystem for investment and that its native token, Ether (ETH), is positioned for a significant rally. In a recent post on X (formerly Twitter), he argued that ETH is close to pushing for a new all-time high north of the $5,000 milestone.

Van de Poppe’s bullish stance is rooted in the fundamental strength of the Ethereum network, citing its robust developer activity, expanding array of products, and powerful network effects as key drivers for future growth.

This is the best ecosystem to be invested in. #Ethereum is on the edge of having a new all-time high north of $5,000. pic.twitter.com/SDeS4tbVn6— Michaël van de Poppe (@CryptoMichNL) October 31, 2025

Technical Hurdles Emerge Despite Bullish Sentiment

While the long-term outlook appears bright, recent price action reveals a significant challenge for buyers. Ether saw a 1.50% gain, climbing to $3,822.60 on volume that was nearly 20% higher than the weekly average. The momentum peaked as the price pushed through the $3,860 level to touch a session high of $3,887.35.

However, this advance was met with stiff resistance. Sellers aggressively defended the $3,860–$3,880 band, leading to a late-session rejection that saw the price drop 1.30% from $3,869 to $3,820 in the final hour of trading. This sharp pullback created a lower high, signaling that sellers remain active and are guarding the upper end of the current trading range.

Key Levels to Watch

The recent price movements have established a clear battlefield for traders, defined by distinct support and resistance zones.

Immediate Support Zone

On the downside, a solid support foundation has formed between $3,680 and $3,720. This zone successfully absorbed early-session selling pressure, making it the first critical line of defense for bulls. A break below this level could signal a deeper correction.

The Path to a New High

For the bullish forecast to materialize, buyers must first overcome the immediate resistance. The primary task is to achieve a clean and sustained break above the $3,880 psychological level. Doing so would reopen the path to the recent high of $3,887.35 and show a decisive shift in market control, paving the way for a potential run at record territory.

What This Means for Traders

The current market dynamic is best described as an uptrend with a caution flag. While higher lows indicate underlying buying interest, the firm rejection at resistance warns of persistent selling pressure. The market is effectively range-bound between $3,730 and $3,880. With participation elevated but resistance holding firm, many traders are likely waiting for a confirmed breakout above $3,880 or a breakdown below $3,720 before committing to a larger move.