Ethereum Surges Past $4K After $19B Tariff Shock – Is $5K Next?
Ethereum’s technical picture is mixed. In mid-October, ETH sits back within its long-term uptrend, but short-term momentum has faded. On the RSI oscillator, ETH cooled from overbought to neutral after the crash. The MACD indicator also crossed down, reflecting weaker upside energyts2.tech. Still, ETH remains above many moving averages. Chartists note that reclaiming $4,141 and then $4,580 are pivotal. The $4,000–4,100 zone is viewed as crucial support. If $4,000 holds, bulls argue the uptrend is intact – otherwise analysts warn ETH could test the ~$3,400 area next. Above, the big resistance lies near ETH’s recent highs: a move through $4,500–4,800 would turn heads. Opinions are divided on ETH’s near-term path. Fundstrat’s Mark Newton believes dips into the $4,300–4,400 zone are “buying opportunities” and still forecasts ETH may reach $5,500 by mid-Octoberts2.tech. Standard Chartered lifted its Ethereum year-end target to $7,500reuters.com, citing stronger industry use-cases. In contrast, Citigroup remains cautious: its analysts peg ETH around $4,300 by year-endts2.techreuters.com, warning that much of the upside may already be priced ints2.tech. Crypto trader Justin d’Anethan of Arctic Digital notes that in an easing-rate world, “there is a strong case for capital rotating into risk assets with upside. Ethereum fits that profile,” thanks in