Analyst projects Ethereum price near $10 as whales accumulate ETH

• Whales are buying large amounts of ETH again
• Ethereum Shows Signs of Recovery After Correction
• Analyst predicts ETH at $10 in the medium term

Ethereum whales have returned to buying after weeks of profit-taking, indicating a possible return of confidence in the asset. On-chain data shows that large investors have begun buying back ETH, taking advantage of the lower prices recorded in recent weeks, which could signal a shift in market sentiment.

Ethereum's recent performance follows a slight recovery in the cryptocurrency market. The sector's total value rose to $3,76 trillion, while Bitcoin (BTC) remains trading above $111. Ether is attempting to reclaim the $4.000 mark, demonstrating resilience after a correction of more than 11% over the past 60 days.

🐳🦈 Ethereum whales and sharks holding between 100 to 10,000 $ ETH are finally showing some signs of confidence. After -1.36M was dumped by this group between October 5th and 16th, they have added back close to 1/6th of it since. Positive sign for crypto's #2 market cap. pic.twitter.com/tg1BWu60Lq

- Santiment (@santimentfeed) October 24, 2025

According to Santiment data, addresses holding between 100 and 10.000 ETH have started accumulating again. These wallets had sold approximately 1,36 million ETH between October 5th and 16th, but have now repurchased approximately one-sixth of that amount. This movement suggests that institutional investors and large players are repositioning their portfolios for the next bull cycle.

Among the most notable movements, wallet "0x395" withdrew 12.000 ETH (approximately $46,3 million) from Binance on October 23, at an average price of $3.854 per unit. Another whale, "0x86E," purchased 8.491 ETH (approximately $32,5 million) from OKEx on the same date. There were also suspicious transactions involving the RadiantCapital exploiter, who exchanged 9,7 million DAI for 2.550 WETH through Tornado Cash, raising the possibility of money laundering.

Even with recent selling pressure, Ethereum is still up 18% year-to-date and is currently trading at $3.930, with daily volume approaching $29 billion.

Meanwhile, Ethereum ETFs saw net outflows of $93,6 million on October 24, contrasting with inflows of $90,6 million into Bitcoin funds. Stablecoin transfer volume on the network increased 400% in 30 days, totaling $581 billion—reinforcing the network's dominance in digital dollar settlements.

Analyst Ali shared an optimistic outlook on Ethereum's future, stating: "Ethereum will hit $10.000... just not as soon as you think!"
The projection reinforces the sentiment that, although the movement may take longer, ETH maintains strong potential for appreciation in the medium term, supported by solid fundamentals and the return of confidence among large investors.

Ethereum $ ETH will hit $10,000… Just not as soon as you think! pic.twitter.com/WVkjF8bKdl

— Ali (@ali_charts) October 25, 2025