The price of Ethereum today is trading at $4509, regaining momentum after bouncing off the support zone at $4307. Buyers are pressing on the descending resistance line around $4560, which has thwarted numerous attempts to rise since August. Now, the market's focus shifts to whether ETH can break through this limit or return to deeper support levels.

Technical price forecast for Ethereum

The short-term price forecast for Ethereum depends on whether buyers can secure a breakthrough:

Growth targets: $4560, $4700, $4850

Support levels for decline: $4307, $4238, $3906

Trend line protection: $3456 as the last serious support

A broader upward trend will remain as long as ETH holds above $3900. A decisive breakthrough at $4560 will open the way to $4850 and possibly $5000 in the coming weeks.

Outlook: will the Ethereum exchange rate rise?

Ethereum enters October at a critical technical juncture. The exemption from corporate tax in the US provides a powerful impetus for development, and the contraction of the chart signals the approach of a larger movement.

If ETH surpasses the $4560 mark on momentum, and a steady capital outflow supports the breakthrough, analysts expect the price to rise to $4850–$5000. However, if the price cannot hold above $4307, it may delay the implementation of the bullish forecast and expose the $3900 zone. At this moment, Ethereum is balancing between strong fundamental factors and key technical barriers, and buyers are waiting for confirmation of the next growth phase.