Ethereum Updates Today: Institutions Accumulate as Market Uncertainty Looms—Ethereum’s $4K Recovery Faces a Pivotal Moment
- Ethereum faces critical juncture amid Hong Kong's first ETF approval injecting $141.66M and institutional buying of 63,539 ETH ($251M) by BitMine. - Analysts project $10K-12K 2025 target as Tom Lee's firm accumulates 2.73% supply, while technical indicators highlight $3,947-4,075 EMAs as key resistance. - Market remains divided: $4,075 breakout could trigger $4,476 rally, but breakdown risks testing $3,400 support amid $44B futures open interest and $97.6M October exchange outflows. - Institutional accum
Ethereum (ETH) is at a crucial crossroads as investors assess the impact of Hong Kong’s recent approval of its first spot
Hong Kong’s approval of the Ethereum ETF on October 21 brought $141.66 million in new capital, with major inflows from Fidelity’s FETH, BlackRock’s ETHA, and Grayscale. Still, this positive trend was offset by a wider sell-off, as TradingView also reported that Ethereum ETFs worldwide saw $145.6 million in outflows on October 20. Meanwhile, institutional investors such as BitMine took advantage of the price drop, purchasing 63,539 ETH (valued at $251 million) from platforms like Kraken and BitGo, according to a
Technical analysis shows Ethereum consolidating near important exponential moving averages (EMAs), with the 20-EMA at $3,947 and the 100-EMA at $4,075 serving as significant resistance, according to a
Despite recent swings, Ethereum has gained 18.35% so far this year, demonstrating resilience even as it remains 20.12% below its record high of $4,955.23, based on
Experts remain split on Ethereum’s near-term direction. A move above $4,075 could spark a rally toward $4,476 or higher, while a drop below $3,750 may lead to a test of support at $3,400–$3,450, as noted by CoinEdition. With
As these factors play out, Ethereum’s ability to maintain levels above $3,850 will be key. A sustained recovery could revive bullish sentiment, supported by broader economic trends and growing institutional involvement.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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