Can Ethereum price reclaim $4,500 in October?

Ethereum's native token, Ether (ETH), has rebounded over 15% from its recent low of $3,435, suggesting a potential rally toward $4,500 by the end of October. This recovery appears to be forming a bull flag pattern, with the bounce occurring near the $3,500 support confluence, which includes the 200-day Exponential Moving Average (EMA). If momentum sustains, ETH could target the upper boundary of the channel around $4,450–$4,500, aligning with analyst predictions. Furthermore, the Market Value to Realized Value (MVRV) Extreme Deviation Pricing Bands indicate ETH is stabilizing near the mean band around $3,900, historically a springboard for rallies toward the +1σ band near $5,000. A breakdown below the $3,550 support confluence, however, could invalidate this bullish structure and lead to deeper retracements toward $3,000–$3,200.

(Source：Cointelegraph)