Can Ethereum price reclaim $4,500 in October?
Ethereum eyes $4,500 as bull flag pattern and on-chain MVRV data align to signal renewed upside momentum this month.
Ethereum’s native token, Ether (ETH), has rebounded by more than 15% two weeks after plunging to its two-month low of $3,435. Multiple indicators now hint that ETH may extend its recovery toward $4,500 by the end of October.
ETH price bull flag bounce in play
Ethereum’s rebound appears to be forming within a bull flag pattern, a structure that often signals the continuation of a prevailing uptrend following a brief consolidation.
Bull flag patterns are often a strong signal for continuation, especially with ETH's recent bounce. MVRV data showing upside momentum adds to the case for $4,500. Still, market sentiment can shift fast—keeping a close eye on volume here
Technical analysis can be helpful in charting the future path of a stock
Do you prefer Technical Analysis or fundamentals?
Technical analysis is great for short-term moves and spotting patterns like this bull flag with ETH. But I lean more on fundamentals for long-term conviction—network adoption and utility matter most in crypto's volatile space