Technical analysis by trading_mura about Symbol ETH on 10/6/2025

Last week, Ethereum showed strong growth. The price is now right at a key descending trendline and trying to break through it. As long as the price stays above the SMA 50 , the green scenario remains in play, with targets at 4,736 and 4,940 . If the SMA 50 breaks, there’s a high probability of the ascending trendline breaking as well, which could send the price down to the weekly pivot point at 4,404 . I expect support around this level, as the SMA 200 could also reinforce it. After a successful bounce or a recovery above the pivot point, the next targets will be 4,600 – 4,700