Despite recent volatility, market watchers are closely monitoring Ethereum’s price movements for indications of a parabolic uptrend.

Ethereum Holds Key $3,900 Support

According to crypto analyst Ali (@ali_charts), $3,900 remains a critical support zone for Ethereum. In a recent technical analysis, Ali emphasized that if this level holds, Ethereum could surge toward $5,000 or even $6,000.

Ethereum finds strong support at $3,900, with MVRV Pricing Bands suggesting a potential rally toward $5K–$6K. Source: @ali_charts via X

The analysis uses MVRV Extreme Deviation Pricing Bands, showing ETH ($3,998.73)/USD price oscillating from lows around $1,763 to highs near $6,035, with the current price hovering just above the $3,900 mean. This indicator highlights periods of overvaluation or undervaluation, providing a potential roadmap for the next upward move.

Parabolic Potential Signals Optimism

Mister Crypto (@misterrcrypto) also flagged Ethereum for a possible parabolic phase. Sharing a long-term ETH/USD chart spanning from 2016 to a projected 2027, the analyst highlighted historical bull runs and current trendline breakouts. “$ETH is about to go parabolic. Bullieve in something,” Mister Crypto stated.

Ethereum looks set for a parabolic surge—believe in the momentum! Source: @misterrcrypto via X

The chart suggests consolidation after a recent rally may precede new highs, with some estimates projecting ETH could reach levels significantly beyond its current trading range if market conditions and investor sentiment align.

Technical Structure and Market Trends

AltcoinGordon (@AltcoinGordon) added that despite changes in Ethereum’s market structure, the path toward $5,000 remains intact. A recent Binance chart shows price consolidation near $2,642 historically, but current ETH trading around $4,100 aligns with analyst forecasts for further gains. “The structure changed. The plan didn’t. $ETH to $5k next. Easy,” Gordon wrote.

Ethereum ($ETH) market structure shifts, but the target remains—$5K next! Source: @AltcoinGordon via X

Market factors supporting this outlook include whale accumulation, potential ETF inflows, and macroeconomic elements such as M2 money supply coverage. However, Ethereum continues to experience daily swings of 3–10%, underlining the importance of cautious optimism.

Ethereum Price Analysis and Outlook

As of October 15, 2025, Ethereum trades around $4,000, just below its all-time high of $4,946. Technical indicators, including MVRV Extreme Deviation Bands, suggest that maintaining support at $3,900 could catalyze a significant rally. Analysts warn, however, that volatility and broader crypto market dynamics could influence the timing and scale of this potential uptrend.

Ethereum (ETH) was trading at around $3,944, down 4.43% in the last 24 hours at press time. Source: Ethereum Price via Brave New Coin

Investors and traders are advised to monitor key levels closely, particularly around $3,900, while considering technical analysis and market sentiment. With historical bullish phases providing context, Ethereum could be positioned for a notable upward move, potentially reaching $5,000 and beyond.