TLDR

• Ethereum trades at $4,304 with a 3.46% gain in the last 24 hours and 2.7% increase over seven days
• Institutional investors poured $547 million into Ethereum ETFs on September 29, with Fidelity and BlackRock leading purchases
• Technical analysis shows critical support at $4,261 must hold for continued upward momentum
• Trading volume jumped to $43.48 billion while open interest reached $56 billion showing strong market participation
• Analysts project price targets ranging from $4,450 to $10,000 depending on sustained momentum

Ethereum is currently priced at $4,304. The cryptocurrency posted gains of 3.46% during the past 24 hours.

Over the last week, Ethereum has climbed 2.7%. Daily trading volume stands at $43.48 billion, representing a 6.51% increase.

Spot Ethereum ETFs attracted roughly $547 million on September 29, 2025. This marks a reversal from multiple days of capital outflows.

Fidelity invested approximately $202 million into Ethereum ETF products. BlackRock contributed nearly $154 million during the same period.

Market research suggests every $100 million in ETF inflows can raise spot prices by 0.3% to 0.7%. The institutional buying has helped stabilize recent price action.

Key Support Levels and Price Targets

Crypto analyst Marzell Crypto identified $4,261 as a crucial support level. Ethereum must maintain closes above this price point to sustain bullish momentum.

Another market analyst, BitBull, highlighted that Ethereum transformed the $4,000 mark from resistance into support. This technical development signals strength in the current trend.

Price projections from analysts range widely based on market conditions. Some forecasts suggest Ethereum could reach between $8,000 and $10,000.

The Relative Strength Index measures 50.82, indicating neutral conditions with mild bullish pressure. This represents improvement from the previous reading of 44.57.

Technical charts show immediate resistance at $4,275. Additional upside targets include $4,450 and $4,800. Extended projections point to $5,766 for medium-term moves.

Support zones exist between $4,100 and $4,175. These levels could act as demand areas during any potential pullbacks.

Derivatives Market Shows Bullish Activity

Binance data reveals a long-to-short ratio of 1.8 among traders. Top traders demonstrate even stronger conviction with a 2.7 ratio.

Open interest in Ethereum futures reached $56 billion. This metric indicates substantial ongoing positions in the derivatives market.

Futures trading volume increased 38% to $72 billion. Options market activity surged 50% during the same timeframe.

CoinGlass reports total trading volume climbed 13.86% to $84.44 billion. Open interest grew 2.88% to $57.02 billion across all platforms.

The OI-Weighted Funding Rate sits at 0.0062%. This positive rate reflects moderate optimism among market participants.

The MACD indicator registers -12.1 with a signal line at -51.9. While the histogram shows slight improvement, it remains in negative territory.

Ethereum trades below a descending resistance trendline from September peaks. Breaking above $4,300 with confirmed closes would signal a structural change in price action.

A sustained move above this level could unlock the path toward $4,450, $4,800, and the extended target of $5,766. Current price structure balances between established support and firm resistance.

Ethereum currently trades at $4,304 with institutional ETF inflows of $547 million supporting bullish positioning in derivatives markets.