Technical analysis by Lamassu_Trade about Symbol ETH on 10/3/2025

Ethereum is testing the $4,760–$4,960 resistance zone inside its long-term ascending channel. 🔼 Bullish case: A daily close above $4,960 opens the path to $5,500–$6,300, targeting the upper channel. 🔽 Bearish case: Rejection here could pull ETH back to $4,000–$4,100, with deeper supports at $3,200–$2,800 and $2,130. ETH follows BTC’s momentum — but U.S. macro risks (shutdown, Fed uncertainty) keep downside risk alive. ⚖️ Summary: ETH is at a decision point — breakout above $4,960 = bullish continuation, rejection = bearish retrace. ❗ Not financial advice — only my personal view.We said it! ETH couldn’t close above $4,960 — just like we warned. Market dropped hard below $4,000 after massive liquidations.