Is The Ethereum Bull Cycle Over? Analyst Identifies Potential ‘Double Top’ Pattern
The cryptocurrency market has not had its typical “Uptober” efficiency thus far this month, with most large-cap assets falling to new native lows previously few months. The Ethereum worth, which was on the verge of hitting $5,000 just a few weeks in the past, is now languishing beneath the $4,000 mark.
While 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. However, an attention-grabbing outlook has emerged for the Ethereum worth, with the altcoin believed to have already reached its peak on this cycle.
How Feasible Is A Double Top For ETH Price?
Popular crypto analyst Ali Martinez just lately took to the social media platform X to share insights into the present setup of the Ethereum worth. According to the market pundit, the second-largest cryptocurrency could possibly be in for an prolonged bearish interval over the following 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 pattern 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 high of above $4,800. This worth peak was followed by a market crash, which noticed the worth of Ethereum drop to across the $1,000 mark by mid-2026.
Meanwhile, the purported second prime of this Ethereum worth setup is the present all-time high of $4,946, reached earlier in August 2025. According to information from CoinGecko, the altcoin’s worth is at present greater than 20% adrift from this report high.
While the 2 tops (practically 4 years) look considerably equivalent, the worth motion between them makes it difficult to definitively name them a “double prime” sample. Moreover, the double top can solely be confirmed when the worth drops beneath the help stage, which generally is the bottom level between the 2 peaks. This help stage would then be at round $1,000, which is a major distance from the present worth level.
Nevertheless, it is very important take note of the worth motion of ETH over the following few weeks, because it might present perception into the coin’s future relative to this setup.
Ethereum Price At A Glance
As of this writing, the worth of ETH stands at round $3,983, reflecting an nearly 3% bounce previously 24 hours.
