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Ethereum is entering its next phase of evolution with the Fusaka upgrade. With more than just another technical iteration, Fusaka represents a major step toward solving Ethereum’s long-standing scalability and efficiency challenges. Why Fusaka Matters For Ethereum’s Next Era Of Decentralized Innovation Crypto markets are buzzing with the anticipation of the Ethereum Fusaka Upgrade. According to the CryptosRus post on X, VanEck has mentioned that the upcoming Fusaka upgrade, expected in December, could unlock one of the most transformative moments in the network’s history, making ETH faster, cheaper, and more scalable than ever before. Related Reading: Big Move: Ethereum Foundation Trades $4.5M ETH For Stable Assets The Fusaka upgrade will introduce PeerDAS (Peer Data Availability Sampling), a breakthrough that allows validators to verify blocks without downloading them in full. This innovation will significantly improve efficiency, increase blob capacity, enhance throughput for rollups, and reduce transaction costs for users across the ecosystem. As CryptosRus explains, the best way to imagine this is like ETH upgrading its plumbing, resulting in cheaper and faster operation for everyone using the network. However, VanEck believes Fusaka could be a game-changer, especially for rollups such as Arbitrum, Optimism, and Base, which depend on ETH for settlement. By reducing data overhead and optimizing block verification, the upgrade strengthens ETH’s foundation as the global base layer for crypto’s financial infrastructure. Furthermore, as network fees drop, ETH’s monetary importance rises. VanEck also believes that ETH is evolving from a simple gas token into the settlement currency of the entire rollup economy. Fusaka represents the next major phase in ETH’s journey, transforming it from a programmable chain into the financial backbone of Web3, ready to power the next wave of global digital finance. Analyst Tom Tucker shared his thoughts that Ethereum might be on track for a revolution. If the price continues to follow a pattern correlated with this increase in global money supply (M2) liquidity, it could climb to $15,000. Tucker highlights that the rapid increase in M2 is causing Fiat money to lose value fast, and ETH is being viewed as a smart hedge against global monetary debasement. “Doubters are gonna doubt, but this looks like a solid opportunity to me,” the expert noted. The Hidden Correlation Fueling ETH’s Next Rally Ethereum’s path to a new all-time high may be building faster than many in the market are expecting. Economist trader known as MikybullCrypto highlighted that the Russell index, which measures the performance of small-cap US stocks and tends to track the credit cycle, has just broken a new all-time high for the first time in four years.  Related Reading: Global M2 Money Supply Says Ethereum Price Will Reach $20,000, Here’s When The trader noted that ETH has maintained a positive correlation with the Russell 2000 cycle. In addition, this historical breakout indicates a fresh wave of capital rotation into ETH and the broader altcoin market. Featured image from Adobe Stock, chart from Tradingview.com

Ethereum has finally broken free from a multi-year-long consolidation phase, reigniting bullish sentiment across the crypto market. After spending over three years struggling to hold above the $4,000 level, ETH has now confirmed a decisive breakout, a move seen as the start of its next major rally. With momentum building and technical indicators aligning, analysts suggest that a run toward the $7,000 region could be closer than ever Ethereum Breaks Free After 1,146 Days Of Consolidation Mags, a popular crypto analyst on X, recently shared a bullish update, noting that ETH could be on track to reach the $7,331 mark. According to the analyst, this target aligns with the broader bullish trend that has been forming since Ethereum’s breakout above key resistance levels.  Related Reading: Global M2 Money Supply Says Ethereum Price Will Reach $20,000, Here’s When After more than 1,146 days of consolidation from its bottom, Ethereum finally broke above the crucial $4,000 level, marking a significant technical milestone. During this cycle, ETH had made three prior attempts to break past this resistance, each ending in rejection. However, the fourth attempt in August succeeded, confirming the breakout and signaling the start of a new bullish phase. Following the breakout, ETH has been consolidating above the $4,000 zone, building momentum for what could be the next leg upward. The stability around this level indicates that buyers are actively defending support, keeping the broader structure intact and setting the stage for a potential continuation toward higher targets. Mags also pointed out that Ethereum experienced a brief fakeout, where the price dipped below $4,000 to reach $3,800 before staging a sharp V-shaped recovery. This rebound, driven by strong buying pressure, further strengthens the bullish outlook. With the current price action holding firm, the analyst believes Ethereum is primed for a move toward the 1.618 Fibonacci extension level at $7,331, which could define the next major wave in its ongoing rally. Ethereum Confirms Major Structural Retest: The “V-Bottom” Is Holding Strong Galaxy, a prominent crypto analyst, recently shared an update noting that the ETH chart has successfully retested the “V-bottom” structure along with the major triangle pattern that dates back to 2021. This signals that the asset may be entering a new growth phase after consolidating for an extended period within these key technical formations. Related Reading: Ethereum Ready For Round 2? Analyst Forecasts Early October Rally Amid $4,200 Retest While Galaxy acknowledged that the road ahead won’t be smooth, with potential dips, periods of choppy price action, and stretches of low volatility, the overall outlook remains highly optimistic. The analyst believes that Ethereum is gradually positioning itself for a major move upward, with the current structure suggesting that a five-digit ETH is becoming an increasingly realistic target in the future. Featured image from iStock, chart from Tradingview.com

As the crypto market kicks off October with a remarkable recovery, Ethereum (ETH) is attempting to turn the $4,500 level into support after nearly two weeks. Some analysts forecast that a breakout from this crucial area could set the stage for a massive 50% rally in Q4. Related Reading: Solana (SOL) ‘Uptober’ Begins With $220 Retest – Is It Ready For Second ‘Expansion Wave’? Ethereum Retests Next Major Resistance Ethereum has bounced 17% from last week’s lows and is retesting the next crucial level to reclaim. The cryptocurrency started this week by recovering from the recent market correction, which sent its price to a multi-week low of $3,815. Since then, the King of Altcoins has reclaimed the mid-zone of its macro range and broken past a major sell wall located around the $4,200-$4,300 levels. Amid this performance, market watcher Ted Pillows highlighted that the next two major resistance levels to reclaim before a new all-time high (ATH) are $4,500 and $4,750. Similarly, Ali Martinez detailed that the $4,505 area is “one of the most important resistance levels to watch for Ethereum,” according to the UTXO Realized Price Distribution (URPD) metric. A rejection from this major level could lead to a retest of the $4,250 support, and potentially risk a new price drop if ETH breaks below it. Previously, some analysts cautioned that losing this area could open the gates for a fresh breakdown toward the macro range lows. On the contrary, reclaiming the $4,500 resistance would set the base for a challenge of the macro range highs, around the $4,800 level, in the coming weeks. Market watcher Lluciano pointed out that ETH appears to be forming a triangle formation since early August. He suggested that breaking out of this pattern could kick off a rally toward a new high above the $5,000 barrier, affirming, “Q4 is here, ETH new wave is imminent.” Meanwhile, Titan of Crypto highlighted a weekly bull flag pattern forming on ETH’s chart. According to the analyst, a breakout from the formation’s upper boundary, around the $4,500 area, could send the price into a 50% rally toward the $6,900 mark. ETH’s Weekly Close Could ‘Turn It All Around’ After closing September above the $4,100 area, analyst Rekt Capital affirmed that Ethereum is potentially developing a Monthly Bull Flag within this macro range. He explained that the cryptocurrency must reclaim the $4,200 in the higher timeframes to continue building on the formation’s base. Notably, closing the month below this level technically means ETH’s price is positioning for a bearish retest despite the current bounce, the analyst detailed, as it represents the mid-zone of the macro range. Nonetheless, Rekt Capital considers that “even though the Monthly Close wasn’t very appealing, price just needs to Weekly Close above the $4.2k mid-range to turn it all around.” He noted that the cryptocurrency displayed a similar performance in late 2021 and this past July, weekly closing above this level and post-breakout retesting it as support. This technical sequence enabled the price to reclaim the $4,600 area and position itself for new highs. Related Reading: BNB Eyes New Highs As Price Reclaims $1,000 – Is A 30% Rally Coming? “If ETH can soon Weekly Close above blue and retest it back into support, then there’s a good chance for a revisit to $4.6k being on the cards in the future,” he concluded. As of this writing, Ethereum is trading at $4,502, a 4.1% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

The phenomenal +150% run that saw Ethereum dramatically outperform Bitcoin has officially hit the brakes. After fueling the recent altcoin mini-season, the crucial ratio has stalled out completely, exhibiting 40 days of stagnation. With the main engine of the altcoin market now idling, the initial euphoria is fading, raising serious concerns about the stability and short-term future of nearly every asset outside of BTC. Is Ethereum Entering A Healthy Accumulation Phase? The powerful momentum behind altcoins has evaporated following the stagnation of the ETH/BTC ratio. A full-time crypto trader and investor, Daan Crypto Trades has highlighted that after a monumental +150% run from its low against Bitcoin, ETH performance has completely stalled for the last 40 days. This pause immediately translates into palpable weakness across the board, with momentum-driven sentiment turning sour quickly as most altcoins start to retrace what they gained in the months prior. Related Reading: Ethereum Ready For Round 2? Analyst Forecasts Early October Rally Amid $4,200 Retest While altcoin traders prefer to see their tokens rally, the analyst views the current shift as a necessary and potentially healthy correction. He suggests that it’s beneficial that BTC is absorbing some of the bid and liquidity again as it works to pull the entire market out of its current slump consolidation. Daan Crypto Trades identifies the ETH/BTC ratio as being in “no man’s land” currently, adding that he would only regain interest in the pair if it moved back above the 0.041 level or a decisive retest of the 0.032 level. However, the expert concluded that whatever ETH does against BTC will remain the primary barometer for the overall health of the altcoin market and the BTC Dominance trend. Therefore, this key pair should be monitored closely. Reversal Signals Strengthen On The 4-Hour Chart Technical analyst GeoMetric is calling the end of the market slump, basing his bullish forecast on clear signals from his proprietary Gaussian Breakout screener. According to GeoMetric, BTC, ETH, and most Altcoins have all successfully broken out of their Gaussian channels on the 4H chart. The expert views this as a firm confirmation of a reversal, provided these assets can maintain their position above the mid-line of the channel. Related Reading: Ethereum vs. Bitcoin: ETH/BTC Ratio Climbs to Yearly Peak Amid Market Shift GeoMetric noted that BTC has flipped bullish on almost every major time frame except for the 3-day chart, which is the last holdout. Also, he has expressed his focus on the time frame for now. While considering this as a relief and great start to October overall, the market has finally turned the corner after a difficult week, characterized by liquidations, widespread capitulation, and generally terrible sentiment. He acknowledges the difficulty of maintaining a positive outlook when the market is collapsing. “As convinced as I was, it’s never easy bull posting amidst the FUD and asking everyone to hold the line, and it takes a lot out of me,” GeoMetric stated. Featured image from Getty Images, chart from Tradingview.com

The narrative surrounding Ethereum’s future has fundamentally shifted, and is rapidly solidifying its role as the global, compliant settlement layer for traditional finance (TradFi). This strategic transformation is inextricably linked to the dominance of Stablecoins and the explosive growth of Tokenized Real-World Assets (RWAs). Network Effects Of Stablecoins And RWA On Ethereum In a recent post on X, the Token Terminal highlighted a key insight focusing on why Stablecoins and RWAs matter for the Ethereum market cap. To date, Stablecoins and RWAs are crucial for ETH, as the market capitalization of tokenized assets on ETH acts as the floor for ETH’s market cap. Related Reading: Ethereum’s Next Milestone: November Fork Targets Scalability And Efficiency – Details The reasoning is that as more assets are tokenized on the ETH blockchain, including the massive market of stablecoins and the growing sector of RWAs, the total value locked and secured by the network increases, and the more Ethereum’s market cap benefits. A Host and Producer of The Edge_Pod, known as DeFi_Dad, has reflected on how rewarding it feels to finally see stablecoins cementing credibility for Ethereum and the decentralized finance (DeFi).  For years, explaining crypto in real life carried negative associations, which were often tied to price speculation or hype. Meanwhile, the narrative has shifted, and stablecoins have provided a clear, relatable entry point, with investors focused on investing in digital money applications using Stablecoins.  However, the expert pointed out that the stablecoins are now so mainstream in the media that even government officials and traditional media are taking them seriously. Unlike Bitcoin, which many people only associate with volatile price action, stablecoins provide practical utility and a way to earn 5–10% yields on-chain. According to DeFi_Dad, most of it is built on ETH and stablecoins, which are like Fundstrat and the ChatGPT moment for crypto, a breakthrough product that clicks instantly for the masses. From there, stablecoins would become the stepping stone into DeFi yield and broader digital asset exposure. A Stronger Foundation For Future Development Amid the Ethereum advancements, the new Go-Pulse v3.3.0 has officially been released, a major rebase that is going to make the ETH network even faster and more robust. Richard Heart mentioned that the update from the old Go-Ethereum (GETH) v1.13.13 has gone all the way up to the new v1.16.3, which would deliver substantial performance and efficiency improvements. Related Reading: Ethereum On-Chain Bloodbath: Rugs And Scams Erode Retail Confidence, What To Know Heart credited ETH’s role in the process, noting that the Ethereum mainnet serves as the ultimate testing ground. By proving stability on the ETH, PulseChain is the first to integrate and is the most reliable and optimized software enhancements into its own ecosystem. Featured image from Getty Images, chart from Tradingview.com

Ethereum founder Vitalik Buterin recently offloaded billions in meme coins. This has brought back memories of how Buterin handled the Shiba Inu tokens that SHIB’s founder Ryoshi sent to him back in 2021.  Ethereum Founder Offloads Billions Of Meme Coins On-chain analytics platform Onchain Lens revealed in an X post that the Ethereum founder had sold 150 billion PUPPIES for 28.58 ETH ($114,480) and 1 billion ERC20 for $13,889 USDC. These are tokens that Vitalik received for free, as meme coin teams and the community are known for sending coins to the Ethereum founder.  Related Reading: Analyst Predicts Ethereum Price Will Reach $33,000 As ETH Founder Forecasts ‘Google Moment’ This practice dates to as far back as 2021, when the Shiba Inu founder Ryoshi sent 500 trillion SHIB tokens, which represented half of the meme coin’s total supply. The Ethereum founder famously burned 450 trillion coins by sending them to a dead wallet, while he donated the remaining 50 trillion coins to help fight the COVID-19 pandemic at the time.  Since then, Vitalik has adopted a similar approach for every meme coin he receives. The Ethereum founder usually sells these coins and then donates the proceeds to charity. He had mentioned last year that he would truly prefer if these coins were sent directly to charity. Vitalik further advised community members to consider setting up a DAO and getting community members directly involved in decision-making.  The Ethereum founder added that the best thing for meme coins is if they can be maximally positive-sum for the world, and that it will be great to see moments when that actually happens. However, these transfers to Vitalik are often viewed as a means for these meme coins to increase their visibility.  Vitalik’s move with the SHIB tokens undoubtedly contributed to putting Shiba Inu in the spotlight. He burned those tokens just as the meme coin went on its legendary run in 2021, reaching its current all-time high (ATH) of $0.00008845 in the process.  A Peek Into Vitalik’s Public Wallet Arkham data shows that the Ethereum founder still has more meme coins in his pubic wallet, which he received from community members. His largest meme coin holding is currently Moodeng, which he holds 30 billion coins worth $518,000. Meanwhile, his largest crypto holding in value remains ETH. Vitalik holds 240,000 ETH worth just over $1 billion.  Related Reading: Bitcoin And Ethereum Prices Crash, But Technicals Show What’s Next The Ethereum founder regained his on-chain billionaire status following ETH’s break above $4,000 last month. ETH eventually reached a new ATH in the process, which caused Vitalik’s wealth to surge briefly. However, the largest altcoin is currently struggling to hold above the psychological $4,000 level amid the recent crypto market downtrend.  At the time of writing, the Ethereum price is trading at around $4,200, up over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Medium, chart from Tradingview.com

As the crypto market recovers from the end-of-September correction, Ethereum (ETH) is attempting to reclaim the crucial $4,200 area. Some analysts affirmed that the altcoin’s bounce signals that a new leg up could be coming in the next few weeks. Related Reading: XRP Price May Not See An Explosive Rally In October As Expected, Here’s Why Ethereum Reclaims $4,000 On Monday, Ethereum continued to recover from the recent market pullback, surging nearly 6% from Sunday’s Lows toward a crucial barrier. Last week, the King of Altcoins recorded a sharp drop below the $4,000 level for the first time since early August, recording an eight-week low of $3,815 on Thursday afternoon. Over the weekend, the cryptocurrency reclaimed the $4,000 barrier before surging to the crucial $4,100 mark on Sunday afternoon. This level served as a strong resistance throughout the past two years, as it represents the cycle’s previous high and a key bounce area during the Q3 rally. It also marks the lower boundary of its local $4,100-$4,800 range. Market Watcher Daan Crypto Trades noted that the weekly candle on ETH’s chart closed above this level after “a solid effort by the bulls and a late Sunday push.” He added that it remains important to hold this area on the higher timeframes to target the range highs. In the daily timeframe, the trader considers Ethereum has “not the worst look” as the recent reclaim shows a clear invalidation of the range breakdown and a potential recovery continuation. Daan also suggested that the cryptocurrency could be “taking one out of BTC’s playbook,” and be preparing for a massive new leg up following the range consolidation and deviation. Similarly, Bluntz affirmed that ETH’s wave 4 on the daily timeframe “looks like it’s over with a leg higher into ath yet to come.” However, the analyst considers that the next all-time high (ATH) breakout won’t be as “sensational” as many believe, suggesting the $5,500 area as the main target. ETH’s Next Leg Up Two Weeks Away? Multiple market watchers highlighted a potential Power of Three (Po3) setup on Ethereum’s chart, signaling that the recent pullback was part of the second stage, manipulation, and the cryptocurrency is ready for the third phase, expansion. Meanwhile, Merlijn the Trader affirmed that Ethereum is displaying a similar setup that preceded the May and July rallies. At the time, ETH broke down from its local range during a liquidity grab, sending the Relative Strength Index (RSI) indicator to oversold territory. “This is the exact setup that birthed every violent reversal. Strong hands know it. Weak hands fold,” the trader affirmed. Additionally, he noted that the cryptocurrency could be repeating the late Q2 script’s timeline. Per the post, Ethereum saw a 66-day consolidation between the May breakout and the next pump in July. During this period, the second-largest cryptocurrency saw a price fakeout below the range around the 45-day mark before breaking out 20 days later. Related Reading: Bitcoin Could Go To Zero, Hedge Fund CEO Warns Last week’s correction below the local range occurred 46 days into the accumulation period, suggesting that a new breakout and leg up could come in the first half of October. “We’re at day 51. The longer the squeeze… The harder the detonation,” Merlijn stated. Nonetheless, analyst Ted Pillows added that for more upside, ETH must recover the $4,250 area, where a strong sell wall is located, until the $4,320 level. If it fails to reclaim this area, the cryptocurrency risks retesting he $3,600-$3,800 support once again. As of this writing, Ethereum is trading at $4,172, a 3.5% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Ethereum finds itself at a crossroads after tapping the $3,800 liquidity level and bouncing back, only to stall below the key $4,060 region. With momentum hanging in the balance, traders are questioning whether this pause is simply a fakeout before a recovery or the start of a deeper move toward the $3,600 support level. Struggling Below $4,060: Key Support Yet To Be Reclaimed Ted, a well-followed crypto analyst, recently shared his insights on Ethereum’s latest price action in a post on X. According to the expert, ETH successfully tapped into the $3,800 liquidity level, a move he had anticipated. This level acted as a key zone where buyers stepped in, providing the much-needed bounce for Ethereum after a short-term decline. Related Reading: Wedge Breakout Or False Alarm? Ethereum Faces Its Biggest Support Test Yet Following this bounce, Ethereum managed to recover some ground. However, Ted pointed out that the asset is still struggling to reclaim the $4,060 support region. This level has now become a crucial barrier for ETH, and its inability to hold above it leaves the market in a vulnerable position. The analyst explained that if Ethereum successfully flips the $4,060 level back into support, the market could see a fresh rally develop. Such a move attracts renewed bullish momentum, fueling optimism for a stronger push higher in the near term. On the other hand, Ted cautioned that failing to reclaim this zone increases the risk of further downside. In such a case, Ethereum could see its price tumble back toward the $3,600 level, which stands as the next critical support area.  Fakeout Or Freefall? Ethereum Bulls Cling To Their Last Hope According to Andrew Crypto, in a recent update posted on X, the technical outlook across the crypto market isn’t painting a bullish picture. Andrew highlighted that both BTC and ETH have broken down through key support levels, which increases the likelihood of further declines in the short term. Such breakdowns often suggest that buyers are losing strength, leaving room for sellers to dictate market direction. Related Reading: Ethereum Price Recovery Strong – Major Resistance Test Coming Next While acknowledging that the current setup may not be pleasant for traders, Andrew pointed out that this weakness could present a significant opportunity for long-term investors, offering attractive entry points before the next major market cycle takes shape. However, he also left room for cautious optimism. The only possible bullish scenario at this stage, Andrew explained, is if the current move proves to be a fakeout. In that case, a strong rebound could follow, flipping market sentiment back in favor of the bulls. Featured image from iStock, chart from Tradingview.com

The on-chain ecosystem of Ethereum has recently been rocked by a wave of scams and rug pulls, creating a period that many are describing as a bloodbath. While the underlying technology of the ETH blockchain remains robust and secure, the sheer volume of malicious projects and deceptive schemes is taking a significant toll on retail investor confidence. Is Ethereum Still The Home Of DeFi Innovation? The Ethereum on-chain ecosystem has been plagued by scams and rug pulls, resulting in significant financial losses and, more importantly, a decline in retail investor confidence. Analyst known as Fat Tony on X  has expressed deep frustration that BOOE hasn’t gotten more support from Ethereum’s own community, possibly due to the wave of malicious acts on the ETH ecosystem. Related Reading: Bitcoin Weakness Vs. Ethereum Strength: On-Chain Data Reveals Divergence He highlighted the Book of Ethereum (BOOE) as an exemplary project that embodies what ETH is supposed to stand for and distinguishes itself through several key characteristics. No Paid KOLs as the project has not relied on paid crypto influencers for promotion, which is a common tactic used by fraudulent projects to pump their tokens.  With a resilient community, BOOE has built its foundation on a strong and organic community, a sign of a project with genuine, grassroots support. A generous team, which he praises for its generosity and ethical approach, stands in stark contrast to the greed of scam artists. Furthermore, Tony notes that numerous high-profile ETH founders and accounts are interacting with the project, which, in his view, is becoming expected at this point. Thus, he encourages the ETH community to support BOOE, which actually stands for something, and to move away from a speculative mindset of max extraction with zero vision. How The ETH Ecosystem Must Fight Back While scams and rug pulls are eroding retail confidence, investor Sassal0x, founder of Thedailygwei, has also revealed a scathing critique of Ethereum’s competitor chains, accusing them of engaging in a desperate strategy of lawfare to stifle the growth of ETH’s Layer 2 solutions. In his view, this is not a sign of strength but a clear admission of weakness. Related Reading: Ethereum At The Core: Where Every Major Crypto Trend Converges According to Sassal0x, the overwhelming adoption of ETH L2s demonstrates their superiority in the free market, a reality that has left competitors with no viable path to challenge ETH’s dominance. The analyst notes that this new, underhanded strategy comes after a long period of failed FUD (fear, uncertainty, and doubt) campaigns. Since misinformation has proven ineffective in slowing down L2 growth, competitors are now resorting to using nation-state governments to kill their competition. As a result, Sassal0x concludes with a powerful call to action for the Ethereum community. Instead of being complacent, the ETH ecosystem must fight back against this as much as we can. Featured image from Adobe Stock, chart from Tradingview.com

Mechanism Capital co-founder Andrew Kang escalated his critique of Tom Lee’s latest Ethereum investment case with an unusually blunt tirade on X, interlacing his rebuttal with a series of sharply worded assertions and data-driven claims. “Tom Lee’s ETH thesis is one of the most retarded combinations of financially illiterate arguments I’ve seen from a well known analyst in a while,” Kang wrote, before listing five pillars he says underpin Lee’s view: “(1) Stablecoin & RWA adoption; (2) Digital oil comparison; (3) Institutions will buy and stake ETH; (4) ETH will be equal to all financial infrastructure companies; (5) Technical analysis.” Is Tom Lee’s Ethereum Thesis Retarded? Kang’s central attack targets the idea that rising tokenization and stablecoin activity should translate into outsized fee capture for Ethereum. “Since 2020, tokenized asset value and stablecoin transaction volumes have increased 100–1000x… [but] fees are practically at the same level as in 2020,” he argued. He attributed the disconnect to “Ethereum network upgrades making tx’s more efficient,” activity moving “to other chains,” and the reality that “tokenizing low-velocity assets doesn’t drive much fees.” He distilled the point with a stark comparison: “Someone could tokenize a $100m bond and if it trades once every 2 years… A single USDT would generate more fees.” Related Reading: Bitcoin Will Soak Up Trillions From China And Russia, Billionaire Predicts The Mechanism Capital partner pushed the competitive angle further. “Most of the fees will be captured by other blockchains with stronger business development teams,” he wrote, naming “Solana, Arbitrum, and Tempo” as seeing “most of the early big wins,” and adding that “Tether is supporting two new Tether chains, Plasma and Stable,” explicitly intended to route USDT volume to Tether-controlled rails. Kang also dismissed Lee’s “digital oil” framing as analytically hollow. “Oil is a commodity… real oil prices adjusted for inflation have been trading in the same range for over a century with periodic spikes that revert… I agree ETH could be viewed as a commodity, but that’s not bullish,” he wrote. He extended the range analogy directly to Ether’s chart: “Looking at this chart objectively, the strongest observation is that Ethereum is in a multi-year range… we recently tapped the top of the range, failing to break resistance… I would not discount the possibility of a much longer $1,000–$4,800 range.” On relative performance, he added: “Long-term ETH/BTC is indeed in a multi-year range, but the last few years have mostly been dictated by a downtrend… The ethereum narrative is saturated and fundamentals do not justify valuation growth.” Related Reading: The ‘Once A Decade’ Bitcoin Moment No One Sees Coming On institutions, Kang argued that Lee’s premise—that banks and large corporates will accumulate and stake ETH to secure tokenization networks or as operating capital—misunderstands treasury behavior and value accrual. “Have large banks… bought ETH on their balance sheet yet? No. Have any of them announced plans to? Also no… Do banks stock up on barrels of gasoline because they continually pay for energy? No… Do banks buy stocks of asset custodians they use? No,” he wrote, calling the idea that staking demand from incumbents would underpin valuation a category error. Kang’s thread culminated in a withering assessment of Ethereum’s pricing dynamics: “Ethereum’s valuation comes primarily from financial illiteracy… [which] can create a decently large market cap… But the valuation that can be derived from financial illiteracy is not infinite… Unless there is major organizational change it is likely destined to indefinite underperformance.” Lee’s latest outlook, by contrast, has emphasized Ethereum’s suitability for Wall Street tokenization and its role as a “neutral chain,” with public targets clustered around $10,000–$12,000 by end-2025 and up to $62,500 in a favorable super-cycle. At publication time, ETH traded near $4,000. Featured image created with DALL.E, chart from TradingView.com

Ethereum’s price action is at a decisive point after breaking out of a rising wedge pattern. While the move initially fueled optimism for higher targets, the retest of a critical support zone will determine whether this breakout holds or fades into a false alarm. With the $3,900–$4,100 range now acting as the line in the sand, Ethereum faces one of its most important tests yet. ETH Breaks Rising Wedge: Key Retest In Play According to a recent post by crypto analyst The Boss on X, Ethereum’s weekly chart was previously showing a rising wedge formation. This technical pattern is often viewed with caution as it can signal a potential bearish reversal. However, in a surprising and bullish development, Ethereum broke out of this pattern to the upside, suggesting a strong underlying momentum. Related Reading: Ethereum Slides 6% as Bulls Lose Grip on $4,500 Resistance; $4,000 Incoming? Following this breakout, the price has now pulled back to perform a crucial re-test of the very level it just surpassed. This re-testing of the breakout point is a classic move in technical analysis, where the previous resistance level is now being tested as new support. The analyst highlights that if ETH successfully holds this key re-test level, it will open the door for a continued move higher. Meanwhile, the next potential resistance area, indicated on the analyst’s chart, is situated at the $4,887 price level. ATH Targets Intact While Price Stays Above Support Crypto Candy, in a recent update, highlighted Ethereum’s sudden move back into the weekly support zone between $3,900 and $4,100. This zone has proven to be a crucial area for ETH, serving as a strong foundation for buyers to maintain the current bullish outlook. The fact that Ethereum is still holding above this level suggests that market sentiment remains positive, with price aiming for higher targets. Related Reading: Ethereum Network Activity Heats Up As Fees Hit $1.4M In 24H According to the analyst, as long as ETH maintains its position above the $3,900–$4,100 support zone, the overall trajectory points toward retesting its all-time high levels. While this zone serves as a make-or-break area, it could determine Ethereum’s next big move. Holding here keeps the bullish case intact and strengthens the probability of another significant rally in the weeks ahead. However, Crypto Candy also warned of a critical risk. If Ethereum fails to defend this support and closes below $3,800, the entire outlook could shift dramatically. Such a move would invalidate the bullish structure and potentially invite strong selling pressure, opening the door for a deeper correction. Thus, the coming sessions remain crucial as ETH battles to keep its footing above this vital support zone. Featured image from Adobe Stock, chart from Tradingview.com

The Ethereum price is back in the spotlight as market analysts and ETH’s own founder, Vitalik Buterin, outline bold predictions for the asset. While experts forecast that Ethereum could surge to $33,000, Buterin draws parallels between the cryptocurrency’s future role in finance and Google’s dominance in search. As a result, the ETH founder has suggested that low-risk Decentralized Finance (DeFi) may become Ethereum’s breakthrough “Google Moment.”  Ethereum Price Projected To Soar To $33,000 A recent chart analysis by prominent market expert Egrag Crypto paints an optimistic picture for Ethereum’s long-term price trajectory. Based on the analyst’s chart, ETH could potentially rise to $33,000 before the end of 2025.  Related Reading: Bullish Continuation Setup Says Ethereum Price Is Headed For $6,500, Here’s When Egrag Crypto notes that ETH has a history of overshooting measured targets once it breaks out of major continuation patterns. This trend has been visible across previous market cycles, lending weight to his previous projection that the next ETH rally could be monumental. In Ethereum’s earlier cycles, key formations, such as the Bull Flag and the Rectangle Continuation Pattern, produced extraordinary gains that exceeded expectations. The Bull Flag pattern overshot its target by 145%, while the rectangle continuation exceeded projections by an even greater 181%.  Now, ETH is forming what Egrag Crypto identifies as a Descending Broadening Wedge, a setup that typically signals bullish continuation once the breakout is confirmed. According to the expert, the measured move from this wedge suggests an initial price target of $12,300. However, when factoring in Ethereum’s historical tendency to overshoot by an average of 163%, he sees the cryptocurrency skyrocketing as high as $33,000.  Low-Risk DeFi To Unlock ETH’s ‘Google Moment’ In a report published on September 21, Buterin describes what he sees as Ethereum’s upcoming Google moment. Just as Google secured long-term dominance by finding its core economic driver in search and ads, the crypto founder argues that Ethereum now has the opportunity to anchor its ecosystem with low-risk DeFi and unlock comparable growth.  Related Reading: Ethereum Price Will Still Climb Above $5,000 As Long As It Holds This Level Buterin also emphasized the growing importance of sustainable applications within the Ethereum ecosystem. Historically, ETH has struggled to balance two distinct categories of applications—those that generated significant revenue like NFTs and meme coins, and those that aligned with Ethereum’s broader vision, such as decentralized identity and privacy protocols.  Buterin notes that the underlying issue was that revenue-generating applications often lacked long-term sustainability, while mission-driven projects lacked economic weight. He believes that low-risk DeFi could be the solution that bridges this gap. By enabling global, permissionless access to stable wealth-building mechanisms such as interest-bearing assets, bonds, and currencies, the crypto founder highlighted that Ethereum could achieve economic sustainability.  He also expressed hope that Ethereum could potentially surpass Google’s legacy. Buterin mentioned that Google was often criticized for straying from its core mission and becoming an antisocial, profit-maximizing corporation. However, ETH is fundamentally different, with decentralization embedded deeply at both technical and social levels.  Featured image from Getty Images, chart from Tradingview.com

The Global M2 Money Supply has been on the rise over the last year, reaching new peaks in the process. This chart was widely applied to the Bitcoin price as analysts believed that it projected Bitcoin reaching new peaks. So far, the Bitcoin price has already climbed to $124,400 with the money supply chart, and now, analysts are applying the same Global M2 Money Supply chart to the Ethereum price, showing that the altcoin could land at 5-figures soon. What The Global M2 Money Supply Says About Ethereum Price Crypto and market analyst Ted Pillows has taken another route when it comes to predicting the Ethereum price action, and this time, he’s using the Global M2 Money Supply chart. In the X post, the analyst superimposes the Ethereum price chart into the Global M2 Money Supply chart to show how the altcoin has been performing in comparison. Related Reading: Dogecoin Price Could Break Into Double-Digit Rally From This Fibonacci Level The chart shows that the Ethereum price is still lagging behind the money supply chart, but its current position shows it might be ready for another surge. Following the money supply chart would mean that the Ethereum price could see a decline below $4,000, but this is ultimately bullish for the price. This is because of the liquidity that lies at the $4,000 level, and if this liquidity is taken out, then the analyst sees the Ethereum price using this as gunpowder for its next rally. Keeping in line with the Global M2 Money Supply trend, this blowout could lead to an over 300% increase in price. Pillows suggests that the Ethereum price could reach as high as $18,000-$20,000 if this plays out, with a timeline moving into the year 2026. Even in a more conservative stance, the analyst believes that the Ethereum price could trade at half of this target, which would be around $10,000. Ultimately, Pillows believes that Ethereum is still bullish in the long term. The $10,000 Target Pillows is not the only crypto analyst who sees the Ethereum price ultimately reaching the $10,000 target. Another analyst, Titan of Crypto, had previously predicted that Ethereum would ultimately reach $10,000 this year. Titan points to the Bull Pennant formation on the chart, whose breakout would inadvertently put the Ethereum price at the $10,000 target this year if it plays out correctly. Related Reading: XRP Needs To Defend $2.98 Support To Avoid Deeper Correction – Details However, for now, it seems the major problem for Ethereum lies at the $4,000 level with the budding liquidity. Crypto analyst Donald Dean points out that if the altcoin were to lose support at $4,200, then the next area of major support would lie at $4,070. However, this $4,070 would serve as a launch point if it holds. Once this happens, then the analyst sees the ETH price going on a 50% retracement, and eventually climbing to the $5,766 target as the rally takes hold. Featured image from Dall.E, chart from TradingView.com

Ethereum (ETH) has slipped 6.1% in the past 24 hours, falling below $4,300 after bulls failed to defend the crucial $4,500 resistance zone. The decline comes despite fresh institutional buying, with Tom Lee–led BitMine purchasing approximately $84 million worth of ETH in just 24 hours, lifting its holdings to over 2.15 million coins. Related Reading: Dogecoin (DOGE) Drops Over 5% – Is This the Start of a Bigger Crash? BitMine’s aggressive accumulation, executed in five separate tranches, proves the growing institutional adoption. However, the market remains in “fade-the-rally” mode, as short-term traders continue to sell into strength. Fed Rate Cut Bounce Fizzles Ethereum (ETH) initially spiked above $4,600 after the U.S. Federal Reserve announced a 25 basis-point rate cut and hinted at a softer policy path for 2025. But the rally quickly lost momentum, with selling pressure intensifying as unrealized profits among large holders reached levels last seen in 2021. ETH's price records major losses on the daily chart. Source: ETHUSD on Tradingview On-chain flows indicate that more ETH is moving from staking contracts to centralized exchanges, signaling caution among whales. Likewise, low network fees show subdued on-chain demand, reinforcing bearish short-term sentiment. Technical Outlook: $4,000 Ethereum (ETH) Test in Play From a technical perspective, Ethereum’s price action has turned negative after breaking below its 50-SMA ($4,502) and 200-SMA ($4,396) on the two-hour chart. Analysts note that the breakdown candle resembled a Marubozu pattern, a strong bearish signal that often precedes further downside. The Relative Strength Index (RSI) has plunged to oversold levels near 18, suggesting conditions are stretched but not yet bullish. Immediate downside targets lie at $4,242, $4,159, and potentially $4,065 if selling pressure persists. A routine retest of the $4,395–$4,502 band is expected; failure to reclaim this level could pave the way for a drop toward $4,000 support. For bulls, only a decisive reclaim above $4,502 would shift momentum back toward $4,588 and $4,699. Until then, traders are advised to treat rallies as shorting opportunities rather than signs of recovery. Short-Term Pain, Long-Term Conviction Despite short-term weakness, institutional accumulation still supports Ethereum’s long-term growth. BitMine’s latest acquisition shows that deep-pocketed investors continue to bet on ETH’s rise, even as short-term volatility unsettles retail traders. The wider market remains delicate, with Bitcoin hovering around $114,000 and major altcoins like XRP, Solana, and Dogecoin also declining. Analysts believe that the upcoming week, marked by Fed Chair Powell’s speech and key U.S. economic reports, could influence Ethereum’s next significant move. Related Reading: XRP Price Dips Below $3 – Could This Trigger a Bigger Bearish Wave? For now, ETH bulls face a tough challenge: unless $4,500 is regained decisively, the most likely direction remains toward $4,000. Cover image from ChatGPT, ETHUSD chart from Tradingview

Institutional staking may soon receive a significant boost as reports emerge that Grayscale is preparing to stake its substantial Ethereum holdings. This move would mark a pivotal shift for one of the world’s largest crypto asset managers, bringing billions of dollars worth of ETH into active network participation. In an X post, on-chain analyst CryptoGoos has brought to light a significant development in the institutional crypto space. Grayscale is reportedly preparing to stake its massive Ethereum holdings. Although not yet confirmed, such a move, which was flagged by on-chain data following a transfer of over 40,000 ETH, is a significant signal of Grayscale’s evolving strategy and a potential game-changer for the ETH market. Why The Grayscale Move Could Accelerate Mainstream Adoption According to the data, Grayscale’s alleged transfer of a large sum of ETH is consistent with preparatory steps for staking. The firm, which holds approximately 1.5 million ETH in its various trusts, is now positioning a portion of that vast holding to earn staking rewards. Related Reading: Ethereum Staking Hits Record 36 Million ETH, Driving Structural Supply Shock If this is indeed the case, it would be a historic moment. Grayscale would become the first US-based ETH ETF sponsor to offer staking in the market, a feature that has been a point of contention with the Securities and Exchange Commission (SEC). While reports suggest Grayscale is preparing to stake ETH, market analyst TheKingfisher has issued a significant warning based on the ETH GEX+ chart, which he states is flashing a strong negative signal. This analysis centers on a key options metric known as Gamma Exposure (GEX), an indicator that provides insight into how professional traders, or dealers, are positioned in the market. The dealers are short gamma at the current implied volatility (IV) of 61 and an index price of $4,593.  This dynamic is where volatility is likely to be amplified. Instead of a market that moves slowly and predictably, the ETH GEX+ signal suggests that price swings could be sudden and extreme, catching most retail traders off guard with the speed of moves. However, smart money considers the development a rare opportunity to capitalize on aggressive dealer hedging. In the meantime, this environment demands tight risk management. The Gateway To Price Discovery Ethereum price is at a pivotal point, currently consolidating between the $4,000 support level and its previous all-time high. MilkRoadDaily has also revealed that the next crucial step for ETH is a weekly close above its all-time high, which would put the asset into a phase of price discovery, where history shows the biggest moves have happened. Related Reading: Ethereum Gears Up For $10,000: Charts Flash Parabolic Rally Signals Drawing on this historical pattern, MilkRoadDaily suggests that in the previous market cycle, ETH cleared its old highs with a parabolic run, ripping an additional 240%. If this historical pattern were to repeat itself, a similar move from its current position could project a new price target of around $16,500. Featured image from iStock, chart from Tradingview.com

The Ethereum price has spent the past weeks stuck in a wide consolidation zone, testing bullish momentum as analysts anticipate its next big breakout. One market expert has highlighted a critical level for ETH, suggesting that as long as the second-largest cryptocurrency can hold above this level, its path to surpassing the $5,000 milestone remains intact.  Ethereum Price Faces Critical Level At $4,400 According to market expert Daan Crypto Trades on X social media, Ethereum’s recent price action has been choppy following two slow weeks of trading. The analyst’s chart shows that ETH has oscillated between $4,100 and $4,800, with several stop hints and liquidity grabs creating false moves on both the bullish and bearish side.  Related Reading: This Is The Key Level That Stands Between The Ethereum Price And A Surge To $5,000 Despite these fluctuations, the $4,400 zone, which sits around the 200-day Moving Average (MA) on the 4-hour chart, continues to act as the key support level that stands between ETH and the $5,000 milestone. Daan Crypto Trades noted that this critical support is not just technical but also aligns with strong accumulation levels.  The analyst highlighted that Bitmine Immersion Technologies, Inc. (BMNR) has been steadily adding to positions, though at a slightly lower pace as Net Asset Value (NAV) flows ease. This shows that as long as Ethereum can maintain its price above the $4,400 support level, buyers may remain in control. The chart clearly illustrates this battle for support. ETH’s dips below $4,500 have so far been short-lived, with price consistently bouncing back into the consolidation range.  This repeated defense strengthens the case for Ethereum to sustain its momentum and build the foundation for a run above $5,000. For now, patient accumulation within the consolidation zone appears to be the market’s strategy as the cryptocurrency gears up for a potential breakout once broader conditions align.  $5,000 Is Only A Matter Of Time In a follow-up analysis, Daan Crypto Trades reinforced his bullish view, noting that Ethereum is essentially in a “$5,000 waiting room.” The analyst’s chart highlights this view, showing ETH rebounding strongly after retesting the $4,400 region. With both the 200 MA and 200 EMA on the 4-hour chart acting as underlying support, the cryptocurrency’s structure appears intact despite short-term volatility.  Related Reading: Ethereum Price At Risk Of Crash To $4,000, Is A New ATH Still Possible? Daan Crypto Trades suggested that while a retest of $4,000 – $4,100 is still possible, the market is unlikely to sustain a breakdown below that zone as long as ETH holds $4,400. In other words, maintaining this critical support could pave the way for new all-time highs.  The chart also reflected the market’s resilience, with ETH rejecting the lows and quickly climbing back toward $4,600. Such a rebound often signals that bulls may be preparing for the next leg higher. If the momentum continues, Ethereum retesting its former all-time high of $4,868 and breaking above $5,000 may only be a matter of time. Featured image from Getty Images, chart from Tradingview.com

Ethereum is approaching a decisive phase that could carry it into five-figure territory, according to a multi-timeframe analysis from trader Cantonese Cat (@Cantonmeow). Ethereum Ready To Smash All-Time Highs In a video published today, the analyst argues that ETH has cleared a cluster of late-cycle resistances and is now exhibiting a confluence of technical signals—on monthly, weekly, daily, and intraday charts—that “favor some of the higher targets to be met, maybe 1.272, 1.414, 1.618, anywhere around potentially five figures.” These Fib levels would put ETH at $7,752, $9,883 and $14,011 respectively. On the monthly chart, the analyst centers his case on the log-scale Fibonacci structure and volatility regime. ETH, he says, spent months stalling around the 0.886 retracement near $4,000—the same zone that repeatedly repelled the market in prior attempts—but “last month, we had the break through that here, convincingly.” Related Reading: Ethereum Rally Stalls As Spot And Perpetual Volumes Flatten On Binance He notes that the wick of the latest push already poked above the wick from the November 2021 peak, reinforcing the idea that supply at the former top is thinning. Simultaneously, the monthly Bollinger Bands are expanding while price “is impulsively going to the upside here along with the upper Bollinger Band,” a backdrop he describes as consistent with trend acceleration rather than mean reversion. “It does favor some of the higher targets to be met,” he said, while stressing sequencing: “We need to kind of break above the previous all-time high here first before we can actually talk about moving further up.” A second pillar of the bullish thesis is the Ichimoku profile across cycles—specifically the fusion of Tenkan-sen (conversion line) and Kijun-sen (base line). “When you have the Tenkan and Kijin fused together and price is riding up along with it, this fusion over here is called Katana,” he explained. Historically, he said, this “precipitates a big move,” and with price now above the Katana, “the Katana is shooting the price up.” On the current structure: “We got a Katana here being built up and price is currently impulsively going to the upside, so that is also favorable for Ethereum.” On the weekly timeframe, Cantonese Cat frames ETH’s advance through a three-cycle template defined by a “cycle liquidity zone” acting as a pivot. Each prior cycle saw deviations above and below a governing trend line before a sustained move once the zone was recaptured. He places the present consolidation directly on that blueprint: after breaking the “$4,000 liquidity level,” ETH is “consoling sideways… trying to find some energy before breaking up higher.” A back-test is possible but not required, he said; the “primary case” remains continuation unless the chart invalidates. Lower Timeframe Signals The lower timeframes, in his view, are already aligning with that outcome. On the daily chart, he highlights a developing “Adam and Eve continuation pattern” nested within a classic cup-and-handle, where “the handle… volume is not that great,” which he views as textbook, followed by “a pretty decent volume bullish engulfing candle.” Measured against log-scale retracements, price was rejected at 0.786, found support at 0.5, and is now “trying to break through 0.6… work our way back… to 0.786,” a rhythm he says “is being respected pretty decently.” He also points to a short-term bottoming sequence—“you can see something called a tweezer bottom… if you have anywhere around two or three of these kind of wick sticking down like that, that’s usually a pretty decent bottom”—and a three-candle “morning star” reversal: “It’s a reversal pattern and it could end up leading to a reversal here… seems to be working out pretty well.” Related Reading: Citi’s Ethereum Forecast: No New All-Time High Expected, Year-End Target At $4,300 On the 12-hour chart, he reads the structure as reaccumulation in a Wyckoff sense, referencing the “rounded bottom,” a strengthening secondary test—“the ST is higher than the VCLX”—and the emergence of a “creek” overhead that price appears ready to vault. “It does look like a reaccumulation type pattern… showing some strength… consolidating sideways… to reaccumulate before [a] bullish continuation,” he said, adding that after the prior vertical leg, digestion at elevated levels is constructive. Relative-strength diagnostics, he argues, reinforce the ETH-led narrative. Ethereum’s market-share gauge (ETH.D) “has broken above the Ichimoku cloud… with strength,” then “back-tested the cloud for about four weeks,” and may be waiting for the Tenkan to “rise… as support” before the next leg. On a monthly volatility basis, he adds, “the 20-month moving average was reclaimed… and we simply spent a month here back-testing” it—evidence that dominance could trend higher if the back-test holds. “That’s basically meaning that Ethereum wants to continue to outperform the rest of the cryptocurrency market here for [the] foreseeable future,” he said. Breadth indicators outside of ETH also tilt risk-on in his framework. The Total3 index (total crypto market cap excluding Bitcoin and Ethereum) is “trying to break above and form an all-time high” on a monthly “cup and handle” structure, while the “Others” index (market cap excluding the top 10 coins) has punched through the 0.786 level on the weekly and is “gravitat[ing]… to the next level, the 0.886.” He emphasizes the distinction between log and linear retracements, noting a failed linear 0.886 breakout in a prior attempt: “If we were to break above the linear, as well as the log 0.886 here with style, then I think Others would end up performing extremely well and would end up following the footsteps of Ethereum.” His conclusion is unambiguous: “I am bullish on Ethereum. I’m bullish on altcoin. I’m bullish on the cryptocurrency market space in general.” At press time, ETH traded at $4,565. Featured image created with DALL.E, chart from TradingView.com

Ethereum (ETH) has been consolidating between $4,200 and $4,700 after setting an all-time high last August. While many investors anticipate a strong fourth quarter, Citigroup has issued a tempered outlook, projecting ETH to close the year at $4,300. Related Reading: Dogecoin Price Eyes 1,250% Surge To $3.5 – Here’s The Roadmap According to a Reuters report, Citi attributes Ethereum’s demand to the growing adoption of tokenization and stablecoins. However, the bank cautions that much of ETH’s recent price action may be fueled by market sentiment rather than fundamentals. The note highlighted, “Current prices are above activity estimates, potentially driven by buying pressure and excitement over use-cases.” ETH's price trends to the upside on the daily chart. Source: ETHUSD on Tradingview ETF Flows and Diverging Analyst Predictions One of the main concerns weighing on Ethereum’s outlook is ETF activity. Citi expects ETH exchange-traded funds to attract weaker inflows compared to Bitcoin, a factor that could dampen bullish momentum. This comes after recent volatility in spot ETH funds, where inflows briefly returned following weeks of heavy outflows. Interestingly, not all institutions share Citi’s cautious stance. Standard Chartered raised its year-end Ethereum target to $7,500, citing the asset’s stronger position in digital treasuries and staking yields. BlackRock’s $363 million Ethereum purchase has further reinforced confidence in ETH’s long-term value. Ethereum (ETH)’s Bullish and Bearish Scenarios Ahead Citi laid out a range of possible outcomes for Ethereum. In a bullish case, ETH could climb to $6,400, driven by expanding institutional adoption and rising activity across decentralized applications. On the other hand, a bearish scenario projects a sharp drop to $2,200 if macroeconomic conditions deteriorate or equity markets face a downturn. Meanwhile, digital asset bank Sygnum has painted a more optimistic picture, pointing to Ethereum upgrades, shrinking exchange reserves, and growing institutional interest as catalysts for a potential supply squeeze. If demand continues to rise under these conditions, ETH could retest its all-time highs faster than expected. Related Reading: Citi’s Ethereum Forecast: No New All-Time High Expected, Year-End Target At $4,300 Ethereum is trading near $4,500, about 8% below its record peak. With institutional demand picking up but ETF flows posing uncertainty, the coming months will be crucial in determining whether ETH leans closer to Citi’s conservative $4,300 call or accelerates toward the bullish $6,400 target. Cover image from ChatGPT, ETHUSD chart from Tradingview

Despite a recent bout of market volatility, Ethereum’s bullish sentiment remains strong. With ETH holding strong above key support levels, its growing institutional demand and dominance in DeFi and staking, many believe the foundation for a new all-time high is already in place. What Could Derail Ethereum’s Path To A New ATH? In an X post, crypto investor CryptoELITES pointed out that Ethereum is still on track for a new all-time high. The ETH chart is exhibiting a similar pattern to previous cycles, bouncing off a bottom trendline. Related Reading: Ethereum’s Pullback Complete? ETH Set Eyes On 77% Breakout Run If the pattern holds, it implies that Ethereum has re-entered its main growth channel, the very setup that led to explosive rallies in prior cycles. As a result, the expert is confident and predicts that ETH could be headed for a new 2025 all-time high at the top. Emperor, a respected market analyst, has provided a detailed technical update on ETH price action. His analysis focuses on the key levels of support and resistance that are currently dictating the market’s direction, particularly following a period of consolidation. Emperor noted that after reaching its recent ATH, Ethereum’s price entered a phase of consolidation, trading within a specific range. A key resistance level had been holding the price down, but ETH eventually broke above it. However, a recent price move brought ETH back to this same resistance level for a bearish underside retest, which is a common technical event.  According to the analysts, the retest confirmed the rejection, where the price did not successfully bounce off the level and has now returned to it. The focus is now on a key support and resistance level that previously acted as resistance during the consolidation. Meanwhile, the market is now looking to see if this level, with confirmation from trading volume, can turn into support.  The Trigger For Full Expansion Ethereum has already done the heavy lifting this cycle by breaking above its key range highs around $4,100 and holding that level as support. Daan Crypto Trades, a crypto trader and investor, has revealed that the only remaining level is the 2021 all-time high, which ETH has briefly swept. However, it has not yet been able to go into full price discovery mode.  Related Reading: Citi’s Ethereum Forecast: No New All-Time High Expected, Year-End Target At $4,300 Daan emphasizes the importance of the bulls holding the $4,000 to $4,100 level on higher timeframes. He noted that the wicks below are fine, as these can be a normal part of retesting a support level.  However, closing below that point would be a bearish sign that could invalidate the current upward momentum. If ETH can clear $5,000 and sustain it, that’s the point where further expansion would begin. Until then, price action remains in the choppy phase. Featured image from iStock, chart from Tradingview.com

Ethereum has shown signs of strength after completing a healthy pullback. Having met and retested its $4,811 target, ETH is now holding firm, suggesting the correction phase may be over. If buyers regain control, the path could open for a powerful rally in the near term. Ethereum Pulls Back, But Bullish Signals Confirm Strength Javon Marks, in his most recent update, emphasized that ETH reached the $4,811.71 target before entering a pullback phase. Despite the temporary dip, bullish signals have re-emerged, indicating that ETH has regained strength and could soon retest this important level.  Related Reading: Ethereum Price Looks Tired – Could Upside Momentum Fade Soon? He noted that surpassing the $4,811.71 zone would mark a decisive step forward for Ethereum. A confirmed breakout above this level could act as a catalyst, unlocking fresh buying pressure and signaling a continuation of the broader bullish trend.  According to MARKS analysis, the bigger picture remains highly promising, as a sustained rally above this target could drive ETH toward $8,557.68, an impressive +77% move. Such a development would not only reinforce Ethereum’s dominance in the market but also underscore its ability to outperform as investor sentiment strengthens. Trendline Support Holds Firm, Strengthening Bullish Case According to Crypto King in a recent post, ETH looks to be preparing for its next decisive move in the market. After a period of consolidation, the price action has continued to show resilience, refusing to break down despite fluctuations across the broader crypto space. This behavior highlights the underlying strength of ETH and suggests that buyers are quietly accumulating while defending critical levels. Related Reading: Ethereum Faces September Profit-Taking Risks Despite $638M ETF Boost The analyst emphasized that ETH is firmly holding its ascending trendline, which has served as a strong backbone of support during recent pullbacks. Each time the price has tested this line, it has attracted renewed momentum, underscoring the importance of the trendline as a technical foundation.  Now that the latest retest appears to be complete, Ethereum seems to be shifting toward another potential upside move. The structure of higher lows remains intact, showing that momentum is gradually building and buyers are preparing for a possible breakout attempt. If this bullish pressure continues, ETH could soon reclaim higher levels and aim for fresh targets in the coming sessions. Crypto King further noted that for traders or investors looking to position themselves for the next rally, this could be the ideal time to act. Should Ethereum follow through with a strong rally, the current price zone might be remembered as a key accumulation point ahead of its next major advance. Featured image from Adobe Stock, chart from Tradingview.com

The Ethereum price has been in a crucial consolidation phase, with analysts closely watching the next big move. After reclaiming the $4,500 level, the cryptocurrency is now facing one last obstacle before potentially breaking into uncharted territory. Crypto market expert Ted Pillows has set Ethereum’s next price target at $5,000, signaling a potential new all-time high. Ethereum Price Faces Major Hurdle Before $5,000 In a recent technical analysis published on X social media, Pillows explained that Ethereum has successfully reclaimed the $4,500 support level, a point that had previously been a stumbling block for bulls. Now, the market is laser-focused on its next price hurdle at $4,880, which has emerged as the final barrier before a potential breakout.  Related Reading: Ethereum Price At Risk Of Crash To $4,000, Is A New ATH Still Possible? According to his price chart, a daily candle close above the $4,880 resistance could open the doors to a fresh all-time high and quickly accelerate Ethereum’s momentum toward the $5,000 milestone. Just last month, ETH shocked the market by breaking its 2021 all-time high and climbing past $4,900. Now, the cryptocurrency looks ready for its next big move, with Pillows confirming $5,000 as the short-term target.  Ethereum’s struggle around the $4,880 level comes from repeated failures to push higher at this point in previous sessions. Each rejection has reinforced $4,880 as a strong resistance, making it the decisive point for bulls to conquer. A clean break above it could invalidate bearish short-term pressure and potentially trigger an influx of buying volume. However, if Ethereum once again fails to hold above this level, the price could retreat to lower supports. Pillows identified the $4,200 – $4,400 range as the primary demand zone where buyers could step back in. This area has historically provided strong support and could act as a springboard for another attempt to retest the resistance.  ETH Rejected At $4,650 But Holds Support In a follow-up analysis, Pillows noted that Ethereum failed to reclaim the $4,650 level, making its path to reach the $4,880 resistance even more difficult. The rejection at $4,650 has raised concerns of a near-term pullback, with the $4,500 region now being the key support to watch.  Related Reading: Ethereum Exchange Balance Turns Negative For The First Time – Why This Is Bullish For Price If ETH holds above $4,500 and gains fresh bullish momentum, Pillows suggests that another attempt at reclaiming $4,650 could occur, potentially setting the stage for the long-awaited $4,880 breakout. On the downside, Ethereum maintains strong structural support between $3,800 and $4,000. This range has acted as a crucial demand zone during past corrections, absorbing selling pressure and enabling bulls to re-accumulate.  For longer-term investors, Pillows noted that this support zone presents a significant buy-dip opportunity. He said that if ETH declines to this level, many altcoins would also enter attractive discount zones, presenting broader accumulation opportunities across the market. Featured image from Adobe Stock, chart from Tradingview.com

Ethereum (ETH) continues to capture institutional attention as strong inflows into spot ETFs highlight the growing demand. Related Reading: The Big PEPE Price Breakout: Falling Wedge Pattern Points To 64% Rally According to SoSoValue, Ethereum funds recorded $638 million in net inflows between September 8–12, 2025, with Fidelity’s FETH leading at $381 million. This marked the fourth consecutive week of gains and pushed cumulative Ethereum ETF inflows above $13.3 billion. While the inflows strengthen Ethereum’s long-term investment case, historical trends and on-chain signals suggest September profit-taking risks may resurface. Despite trading near $4,520 on September 15, ETH faces mixed market signals that could dictate its next major move. ETH's price trends to the upside on the daily chart. Source: ETHUSD on Tradingview ETF Inflows Signal Institutional Confidence Ethereum ETFs are becoming a major part of the crypto market, with total assets under management surpassing $30 billion. Fidelity and BlackRock accounted for most of the latest inflows, while Grayscale and Bitwise also recorded steady gains. Institutional accumulation continues to reshape Ethereum’s market dynamics. Exchange reserves have dropped to their lowest levels since 2016, reflecting reduced selling pressure as more ETH flows into long-term holdings. Additionally, over 36 million ETH, about 30% of supply, is staked, further tightening liquidity. September’s Ghost: Profit-Taking Pressures Despite the bullish inflows, history paints a cautious picture. September has typically been a weak month for ETH, with a median return of -12.7% since its launch. Current on-chain data supports this caution: the percentage of ETH supply in profit recently peaked near 99%, signaling overheated conditions. Past profit peaks have often led to 8–9% pullbacks. Furthermore, derivatives data shows Ethereum trading within a rising wedge pattern, a structure that often precedes corrections. Key support lies at $4,485 and $4,382, while resistance levels target $4,760 and $4,945. Can Ethereum Break Toward $5K? Ethereum’s fundamentals currently remain strong. ETF inflows, whale accumulation, and shrinking exchange supply provide structural support. If ETH holds above $4,700, cascading liquidations could propel a move toward the $4,900–$5,000 range. However, traders must remain cautious. With September’s track record of corrections and elevated profit-taking signals, Ethereum could face short-term volatility even as its long-term case strengthens. Related Reading: BNB Price Holds Its Uptrend – Key Levels That Could Trigger More Gains Ethereum’s next test will be whether it can sustain momentum beyond September, breaking the cycle of seasonal weakness while capitalizing on growing institutional demand. Cover image from ChatGPT, ETHUSD chart from Tradingview

In a recent post on X, crypto analyst CRYPTOWZRD shared a bullish daily technical outlook for Ethereum (ETH), highlighting a strong close that suggests further upward movement is likely. The analyst’s primary expectation is for more gains to follow as the ETH/BTC pair begins to surge. This key relationship is a central focus for the analyst, as a strong performance from Ethereum against BTC often signals a broader bullish period for ETH itself. ETH And ETHBTC Daily Candles Flash Strong Bullish Close Giving a detailed market update, CRYPTOWZRD highlighted that both Ethereum’s daily candle and the ETHBTC pair closed strongly bullish. ETHBTC’s surge occurred as Bitcoin’s dominance weakened, providing altcoins with room to build momentum. This shift marked a significant move for Ethereum, reflecting renewed strength in the broader market structure. Related Reading: Ethereum (ETH) On The Brink Of A Major Supply Crisis: What It Means For Investors According to his analysis, ETHBTC successfully broke out of its daily falling wedge pattern, a move that often signals the start of a bullish reversal. Ethereum mirrored this strength, pushing higher alongside the breakout, which further reinforced optimism among traders who have been watching closely for signs of sustained upside momentum. Examining key levels, CRYPTOWZRD highlighted that $5,000 remains the primary daily resistance for Ethereum. A decisive break above this threshold could ignite an impulsive rally, potentially driving ETH toward the $5,780 resistance zone or even higher. On the downside, $4,000 is seen as the critical daily support, providing a safety net for bulls should price action cool off in the short term. Despite the strong outlook, he noted that his primary focus will stay on the lower time frame chart formations for tomorrow, as these provide opportunities for quick scalps and short-term trades. However, with the weekend approaching, CRYPTOWZRD is maintaining a rational stance. Volatility Offers Both Risk And Opportunity In The Current Setup Crypto analyst CRYPTOWZRD has stated that the intraday chart for Ethereum is showing significant volatility, with more expected in the near term. This high level of fluctuation is something he is prepared for and is a normal part of the market as it searches for a new direction. Related Reading: Ethereum Bulls on the Back Foot – Can Momentum Return Soon? In the meantime, CRYPTOWZRD has outlined two potential scenarios. If BTC’s price pulls back toward the $4,500 level, it will then show a clear bullish reversal. Another scenario would be if Ethereum holds strong and breaks above the $4,765 resistance, it would signal a new upward leg. Ultimately, the analyst advises exercising patience and waiting for the market to present a clear, healthy trade setup. This cautious approach acknowledges the current volatility, and the market’s next move will dictate the next best opportunity. Featured image from iStock, chart from Tradingview.com

The latest on-chain data shows that the second-largest cryptocurrency by market capitalization, Ethereum, may be currently undervalued. Having witnessed a strong resurgence in the past week, the altcoin could be on the verge of an extended rally over the next few weeks. Ethereum’s NVT Ratio Hits New Record Low  In a Quicktake post on the CryptoQuant platform, crypto analyst CryptoOnchain reported that there has been a disproportionate increase in transaction volume concerning ETH compared to its market capitalization. The relevant indicator here is the Ethereum NVT (Network Value to Transactions ratio) (30-day SMA), which measures the ratio of Ethereum’s market capitalization to its daily transaction volume over the span of 30 days.  Related Reading: XRP Exchange Reserves Balloon 1.2 Billion In One Day, Why This Is Bearish For Price CryptoOnchain revealed that the 30-day moving average NVT recently hit its lowest point ever recorded. As explained by the on-chain analyst, this could suggest two things: firstly, that the Ethereum token is undervalued. For context, a low NVT reflects very high transaction volume compared to a relatively low market capitalization. What this means is that the Ethereum network is being heavily used, but the price isn’t showing its worth as much as its usage suggests. Following this logic, one could conclude the market is currently undervaluing Ethereum’s utility. The second indication from the historically low NVT is that the increase in transaction volume could be due to “temporary factors such as DeFi, NFT events, or large capital movements.” According to the analyst, these temporary factors do not necessarily mean sustainable growth for the ETH price. What To Expect CryptoOnchain cited historical occurrences to explain the typical case where an NVT bottom is a result of market undervaluation. In this case, it has been observed that sharp NVT bottoms precede bullish phases. However, in what was a caveat, the online pundit mentioned that there have been cases where very low NVT levels were accompanied by further price declines.  Seeing that the Ethereum NVT is not just at a mere low level, but at its all-time low, it seems more likely that the market is undervaluing the token’s worth. It is therefore not out of the question to expect a more upward swing in the price of the cryptocurrency.  Related Reading: Ethereum To $6,800 By Year End? CME Futures Data Shows Record Institutional Demand Nevertheless, with the possibility that a bullish phase might not necessarily follow in mind, investors might want to tread cautiously. As of this writing, the Ethereum token is valued at approximately $4,670, reflecting an over 4% price increase in the past 24 hours. Featured image from Shutterstock, chart from TradingView

A recent slashing of Ethereum from different validators has reignited the debate around staking models, with many pointing to Cardano’s more resilient structure as a key differentiator. While Ethereum’s system penalizes validators for downtime or misbehavior, Cardano’s staking approach avoids such risks, offering delegators security without the fear of losing funds.  Why Simplicity And Resilience Are Cardano’s Key Advantages On September 10, a slashing of 11.7 ETH from 39 Ethereum validators highlights the advantages of Cardano’s staking structure. Crypto analyst Dori has highlighted on X the fundamental differences in staking requirements and risks between the two networks. On Ethereum, it is structurally impossible to stake 0.1 ETH directly on ETH, but an individual must stake a minimum of 32 ETH and operate a validator node themselves.  Related Reading: Ethereum Investors Double Down As Staking Activity Spikes Sharply – Here’s How Much However, platforms have been built on Ethereum to allow staking with as little as 0.1 ETH, and liquid tokens are issued. The critical difference is that, due to the slashing mechanism, Ethereum’s structure carries the risk of a cascading collapse. This has given rise to platforms like Ankr and Lido Finance, which pool ETH from many users, run validators, and issue liquid staking tokens such as ankrETH and stETH to solve the problem of locked-up funds. In this incident, an operational mistake by the operators of 39 validators led to a slashing penalty of 11.7 ETH, which is worth approximately $52,000. If a larger slashing event were to occur, it could lead to the de-pegging of the liquid staking tokens, potentially triggering a cascading collapse as DeFi ecosystem protocols built upon them. On Ethereum, iquid staking platforms were developed to remove obstacles to staking, and liquid tokens were distributed to address the issue of lock-ups. In contrast, Cardana’s staking model allows anyone to stake as little as 10 ADA in a stake pool without worrying about slashing. There are no lock-up periods, and a user’s staked funds are never at risk of being lost, even if their chosen stake pool misbehaves. Fundamentally Different Approaches To Staking Cardanians (CRDN) also stated that a critical flaw in Ethereum’s staking model has been exposed, highlighting the fundamental advantages of Cardano’s design. The data shows that the Ethereum staking exit queue has hit an all-time high, forcing users who unstake their ETH to wait an estimated 46 days to get their funds back. Related Reading: Cardano Secures The Crown: Now The Most Decentralized Blockchain On Earth – Here’s How However, Cardano’s ADA staking model offers a fundamentally different experience, with liquid staking and no entry or exit queues. When a user stakes their ADA, the funds remain in their wallet and are always available for use or transfer, and earn rewards without being locked up. “The design is fundamentally better,” the expert noted. Featured image from Adobe Stock, chart from Tradingview.com

BitMine Immersion has reportedly accumulated a staggering 319,000 ETH in just a single week. The massive purchase, worth over a billion dollars, underscores growing conviction in Ethereum’s long-term value among institutions and big players, tightening market liquidity. Could This Trigger An Ethereum Supply Crunch? In a move that highlights the growing institutional confidence in Ethereum, Paul Barron has mentioned on X that BitMine Immersion has just absorbed 319,000 ETH in a single week, which is equivalent to 0.26% of Ethereum’s total supply removed from circulation. Related Reading: BitMine’s Ethereum Treasury Hits New Milestone With 2 Million ETH Holdings Barron extrapolates this acquisition velocity, calculating that at the same rate, BitMine could demand an additional 4.1 million ETH in the 13 weeks remaining in 2025. This demand would be hitting a market where the current liquid supply on exchanges is only around 11 million ETH.  He concludes that if just three to four more institutions adopt the Bitmine playbook, the combined demand would cause the market to face a supply crisis that is more severe than in 2021. However, a removal of 319,000 ETH and a staking lockup from the liquid market suggests that deflationary pressure is accelerating.  According to Barron, smart money is positioning now. He predicts that while retail investors will only begin to chase ETH at levels above $8,000, Ethereum could reach $15,000 by December, which is “mathematical inevitability” if this institutional FOMO continues to spread. ETH Supply Locked In Staking Reaches Record Levels While a prominent figure is accumulating ETH every week, Ethereum is on the verge of a supply shock, despite appearing bearish on-chain two weeks ago. However, at the end of August, Bull Theory revealed that the on-chain data showed a spike in the validator exit queue to nearly 1 million ETH, the highest in months. Related Reading: Institutional Flows Push Ethereum into Spotlight: Analysts Eye $6K to $12K Targets Ahead The development may signal fear and potential selling pressure, but the narrative has now flipped. Presently, the validator entry queue has climbed back to 787,085 ETH in a 14-day wait to stake, indicating a strong return of confidence and growing demand to stake. Meanwhile, the validator exit queue has dropped sharply to 616,898 ETH in a 10-day wait, a clear sign that its previous peak is fading fast to nearly 1 million ETH. This shift shows that fewer validators are leaving the network, and the pressure from unstaking is diminishing fast. Ethereum has over 1.05 million active validators, with 35.6 million ETH staked, which is equivalent to 29.4% of the total supply, and a steady APR of 2.89%. According to Bull Theory, this is exactly how a supply squeeze unfolds: it starts slowly at first, then all at once, as liquidity tightens and more ETH is locked away. Featured image from Pixabay, chart from Tradingview.com

Amid the back and forth that has rocked the crypto market, the Ethereum price has now found itself between a rock and a hard place. Right now, bulls and bears are still locked in a tug-of-war in a quest to take control of the digital asset. Here, there are now multiple levels to watch that could determine the next steps for the Ethereum price. Ethereum Price Close To Critical Demand Zone After falling back below $4,300 over the weekend, the Ethereum price is now trading very close to a critical demand zone. Crypto analyst ProfitMagnet highlights this in a TradingView analysis, showing the possibilities for the Ethereum price as it looks to test this zone. Related Reading: Fair Value Gap Suggests Bitcoin Price Is Going Higher, But Watch Out For This Crash So far, the Ethereum price has been consolidating between $4,200 and $4,300 after having faced resistance from $4,600-$4,800 in the last month. This has now led to what is the defining factor for the next phase of the move, and whether an uptrend or a downtrend will dominate. Assessing the current momentum, the crypto analyst notes that the recent uptrend was being supported by the bullish trendline starting from the August lows. However, there is still the matter of the bearish trendline that continues to limit the upward momentum, thereby putting a damper on the rally. At this point, it is now simply a matter of what level the Ethereum price retests, and what it successfully breaks through. From here, holding the demand above $4,300 is important if the bulls want to continue the rally. If they are successful, then the analyst does see the Ethereum price making its way back to $4,600-$4,800. Related Reading: Santiment Highlights Top Tokens: Bitcoin, Ethereum, And Dogecoin Dominate Social Buzz However, on the flip side of this is the bears taking over and forcing a retest of the demand level. This would happen if bulls were unable to sustain the current demand, leading to a breakdown in the price. From here, the next major level would be the support at $4,000, pushing the Ethereum price toward the next major psychological level. What this trend shows is that while the market is leaning bullish, the bulls still have a relatively weak hold, meaning it could go sideways at any point. “The structure suggests a potential bullish reversal, but confirmation is required with a break of the bearish trendline and demand reaction,” the crypto analyst said. Featured image from Dall.E, chart from TradingView.com

The Ethereum price is once again drawing attention as a strong bullish setup begins to take shape on the charts. Analyst Merlijn the Trader says buyers are stepping in after repeated rebounds, showing that the market could be shifting in favor of the bulls. He points out that momentum is now building, but one key resistance level still stands in the way. According to the analyst, this is the kind of setup that often sparks explosive moves to higher targets. Ethereum Price Forms Triple Bottom Pattern According to Merlijn the Trader, Ethereum is now showing a clear triple bottom pattern on the charts. He explains that the price has bounced three times off the same support floor, creating a strong base. Each bounce, he says, is evidence that buyers are stepping in with confidence whenever the price moves down, while sellers are losing strength.  Related Reading: Chainlink Integration Brings Shiba Inu Into New Crosschain Market — What You Should Know To the analyst, this behavior suggests that the downward pressure is weakening and that exhaustion among sellers is becoming apparent, following numerous failed attempts to break through the support level. Merlijn describes this setup as an explicit bullish confirmation.  The way the Ethereum price has held the same floor over and over makes it clear to him that the bulls are ready to push harder. In his view, the triple bottom is a message that the foundation for a strong rally could already be in play. With this structure firmly in place, Merlijn stresses that momentum is only waiting for the signal of a breakout to begin.  $4,540 Resistance Is The Breakout Key Merlijn the Trader points to $4,540 as the key line that Ethereum needs to clear. He explains that this level is the final barrier stopping the price from running higher. If the price pushes through $4,540 with strength, the analyst believes the path to $5,000 will open quickly. In his words, “clear that line, and $ETH goes vertical.” Related Reading: You Won’t Believe How Much Of The Shiba Inu Supply The Top 10 Addresses Control The analyst warns that resistance levels like this are where the market decides its next move. For now, Ethereum is holding steady below it, but pressure is building. Traders are watching closely to see if the price breaks out, because once it does, momentum could make a quick move. Merlijn stresses that this is “how explosive moves are born,”  and he expects the Ethereum price to rally sharply once the market breaks this resistance level. Ethereum traders are now focusing on this key price level. The triple bottom has already given a strong signal of support, and buyers have shown that they are ready. With sellers exhausted and momentum lined up, the only question left is whether Ethereum can break $4,540. If it does, the analyst believes $5,000 will be within reach sooner rather than later. Featured image from DALL.E, chart from TradingView.com

Ethereum’s recent movements have brought mixed emotions to the market, with a recent price crash to $4,200. While the market navigates these price swings, large holders of ETH, commonly referred to as ‘whales,’ have taken the opportunity to increase their positions significantly. Fresh data from on-chain analytic firms suggest that accumulation among these heavyweight investors is intensifying, even as Ethereum experiences market volatility. Ethereum Whale Accumulation Accelerates According to reports from Santiment, Ethereum’s recent climb toward the $4,500 mark is being largely fueled by accumulation from whales and sharks in the millionaire and small billionaire bracket. These wallets, holding between 1,000 and 100,000 ETH, have been steadily boosting their exposure. Over the last five months, their collective holdings have surged by a whopping 14%, a substantial shift in distribution that highlights renewed confidence in ETH’s long-term outlook.  Related Reading: Ethereum Price Stuck In ‘Loading Phase’, What This Means For The Campaign For $5,000 Supporting this trend, Glassnode data reveals a divergence in whale activity throughout August. “Mega whales” reportedly holding more than 10,000 ETH were instrumental in driving Ethereum’s rally earlier in the month, with net inflows reaching an impressive 2.2 million ETH in 30 days. However, this group has since slowed down its activity, pausing further accumulation for now.  In contrast, the large whales holding between 1,000 and 10,000 ETH have re-entered accumulation territory. After a period of distribution, this group added 411,000 ETH within the same timeframe, suggesting they see the current price levels as an attractive entry point.  This shift in accumulation dynamics underscores the complex layers of market sentiment within the Ethereum investor bases. While mega whales have opted for caution after aggressively buying, the less prominent whales are taking up the slack, underscoring growing confidence despite broader volatility.  ETH Slowly Recovers From $4,200 Price Crash The increase in whale holdings comes against the backdrop of Ethereum’s brief crash to $4,200. Despite the sudden drop, ETH has since managed to rebound above $4,380, displaying a level of resilience that continues to attract investors. CoinMarketCap data shows that the Ethereum price saw a slight increase of 1.41% in the last week and over 21% over the last month.  Related Reading: Analyst Says 4-Year Cycle Ended In Dec 2024, But Ethereum Remains Insanely Bullish However, analysts remain cautious about the cryptocurrency’s near-term trajectory. Pseudonymous crypto market analyst Mrvik.eth has pointed out in a recent X social media post that Ethereum appears to be entering a minor distribution phase after losing the 1D 25EMA support level.  While whales have helped in the altcoin’s recovery, he cautions that ETH could still face more turbulence before stabilizing further. According to the analyst, the broader altcoin market has also shown signs of weakness, amplifying concerns of an extended correction phase. With several altcoins already underperforming, he suggests that a minimum decline of 20% across the sector looks increasingly likely. Featured image from Getty Images, chart from Tradingview.com

Over the last few weeks, both Bitcoin and Ethereum have seen an interesting wave of price action with high volatility. Naturally, this volatility has spurred a wave of trading as crypto traders see this as a time of opportunity due to the fluctuations. The result of this has been a rapid rise in the open interest of both Bitcoin and Ethereum during this time. While this, on its own, is significant, looking at the previous performances, it could suggest where the Bitcoin and Ethereum prices are headed next. Bitcoin And Ethereum Open Interest Remain Very High Toward the end of the month of August, the Ethereum price began rising rapidly, fueled by large buys from Ethereum treasury companies such as Bitmine and SharpLink. This push would eventually see the Ethereum price reach a brand new all-time high, beating out its $4,800 peak from 2021 after climbing above $4,950. Related Reading: Shiba Inu Descending Channel Breakout Shows Where Price Is Headed Next In the same vein, the open interest had risen rapidly, and this metric, too, rose to new all-time highs. By August 23, amid the frenzy, the Ethereum open interest climbed above $70 billion for the first time in history, marking a major milestone. Since then, the Ethereum open interest has retraced. But it is still sitting above $55 billion at the time of this writing, suggesting that interest in the altcoin is still high. While the Bitcoin open interest did not hit new peaks in the month of August like Ethereum, it also remained at very high levels. Data from Coinglass shows that the Bitcoin open interest is still averaging at a high $80 billion, still close to the $86 billion all-time high that was recorded back in July. What The Open Interest At ATHs Could Mean Looking at previous performances when the Bitcoin and Ethereum open interest have been at all-time high levels, there is usually a period of consolidation that follows, especially as price retraces. This was seen after the first all-time highs of the year back in February, which was followed by a few months of consolidation. Related Reading: Ethereum price Crash To $4,081: Why The Bears Are In Charge Then again, the peaks in June were followed by short consolidations, which ended in July. And then, another consolidation before the open interest started to rebound in August. This shows that the period of consolidation is not always long, but at the end of it is always another rise in open interest that coincides with a rise in price. From here, if the Bitcoin and Ethereum open interest were to hit new peaks, it would probably mean that their prices are ready to hit new highs as well. Following the trend of the last few months, the open interest could start to pick up again toward the end of September, propelled forward by price recoveries. Featured image from Dall.E, chart from TradingView.com