Ethereum ($ETH) Technical Analysis – September 29, 2025

Ethereum is trading around $4,111, showing signs of stabilization after a sharp correction last week that pushed the price briefly below $3,950. Compared to earlier posts this month, ETH has clearly shifted from strong bullish momentum toward a consolidation phase, as sellers tested the $4,000 level but buyers quickly stepped back in.

Where We Are Now

• After topping near $4,850 in mid-September, ETH entered a correction, losing nearly 20% before bouncing at support around $3,950.
• The last few days have seen Ethereum attempting a recovery, with a small series of higher lows on the daily chart.
• Trading volume remains elevated, suggesting strong market interest during this correction and bounce.

Key Levels

• Resistance:

  • $4,200: Immediate resistance and first level ETH needs to reclaim.
  • $4,400: Mid-level supply zone from early September.
  • $4,800: Recent local high and the big barrier before another ATH attempt.

• Support:

  • $4,000: Strong psychological and technical support.
  • $3,950: The key level that held during last week’s correction.
  • $3,700: Deeper support if selling resumes.

Momentum & Sentiment

• RSI and momentum indicators suggest ETH has cooled down from overbought conditions earlier in September.
• The bounce from $3,950 shows that bulls are still in control of the bigger trend, but sellers are active on every attempt above $4,200.
• With the upcoming FED meeting this week, macro sentiment will likely play a big role in short-term direction. If rate cuts are confirmed, Ethereum and the broader crypto market could see renewed bullish momentum.

What to Expect Next

• Bullish Case: A reclaim of $4,200 could open the path to $4,400, and eventually retesting $4,800 in October.
• Bearish Case: If ETH fails to hold $4,000, another retest of $3,950 could occur, with risk of falling toward $3,700 if sentiment turns risk-off.

📊 Outlook: Ethereum remains in a healthy correction after its strong rally earlier this year. The bounce from $3,950 shows strong demand, but ETH needs to clear $4,200–$4,400 to shift momentum back toward the highs. With the FED meeting approaching, expect increased volatility — this could be the catalyst that determines whether ETH resumes its climb or dips lower before the next leg up.

Do you think ETH breaks back above $4,200 this week, or are we heading for another test of $4,000 support?