Ethereum price in 2025 is stuck in a pattern that is neither bullish nor bearish. It remains in a narrow range, high enough to scare new buyers, but stable enough to avoid panic. ETH has been rejected just below $3,900 for several months, with the key support at $2,900 holding. Between these levels, liquidity fades, momentum stalls, and direction becomes uncertain.
Price increases above $3,600-$3,900 have been met with resistance from short-term traders, while declines to the low $3,000s have been met with only half-hearted bids. The result is stagnation. Ethereum’s credibility is not in question, but its price structure is, and its future depends on one of two outcomes that will determine the next quarter.
$ETH
I still think this is a bit terrible
I just don’t know the short-term direction.
Can we start talking about the $4,000+ bull incident again or if it’s properly nuked, but before that I’m having a hard time making that case pic.twitter.com/xvcZy3bhAx— DonAlt (@CryptoDonAlt) November 4, 2025
Don Alto, who has made a name for himself by predicting the tops of major cycles, believes $4,000 is the key to sustained bullishness. If we can break out of that, there could be more capital looking for trend participation, liquidity, and evidence rather than promises. Below that, Ethereum becomes vulnerable to lower defensive zones around $2,900 and $1,800. Deeper funds around $812 remain a long-term goal.
Ethereum conclusion
Volatility isn’t the problem, I’m not sure. The market is liquid and active, but passive. Ethereum takes the lead above $4,000, but below it there is a correction and confidence eases. Until then, ETH remains in limbo, with $1 billion worth of assets waiting for the market to take a hand.
