Ethereum (ETH) is trading near $4,123.76, up 9.35% in the last 5 days. Institutional investment is driving ETH’s price, with spot ETFs seeing a net inflow of $133.9 million. BlackRock’s Acre ETF saw a $72.5 million inflow, further bolstering the bullish sentiment.
📈 Key Drivers & Technical Analysis
Institutional Interest: Spot ETH ETFs are attracting $9.6 billion in Q3 2025. The US regulatory environment is also favorable.
Corporate Adoption: 70 treasury institutions currently hold 6.06 million ETH.
Support & Resistance:
Crucial Resistance: $4,255. A breakout could target $4,500 and $4,700.
Key support levels: $4,099 and $3,948.
RSI is neutral (51.8), but the overbought Stochastic RSI (85) suggests a short-term pullback.
⚠️ Risks and Cautions
The market is looking a bit risky. $243.9 million in ETF outflows and whale activity (i.e. $108 million transferred to exchanges) in the last week of October indicate potential selling pressure.
Trading Strategy:
Breakout Trade: Long positions can be taken if the price goes above $4,255.
Caution: A drop below $4,099 could lead to a correction towards $3,948. A major support retest near $3,600 is likely.
Trade according to your risk tolerance!