TLDR
- Ethereum climbed 8.84% this week to reach $4,510 with strong institutional support
- Large holders purchased nearly 800,000 ETH, signaling increased confidence in the asset
- Daily trading volume surpassed $37 billion as BlackRock’s ETF attracted traditional investors
- Technical analysis suggests potential move toward $5,000-$5,200 if current momentum holds
- Analysts forecast $12,000-$15,000 targets by year-end based on correlation with gold’s historic rally
Ethereum closed the week at $4,510 after posting an 8.84% gain. The world’s second-largest cryptocurrency by market cap traded between $4,088 and $4,616 during the period.
Large holders accumulated just under 800,000 ETH throughout the week. Crypto market expert Ali compiled data showing this pattern of institutional buying.
The accumulation signals growing confidence in Ethereum’s long-term prospects. Market participants view this activity as validation of ETH’s strengthening fundamentals.
Trading remained consistently above $4,100, establishing a solid support level. This floor provides a foundation for potential upward movement in coming weeks.
Technical Indicators Point to $5,200 Target
The Relative Strength Index sits at 63.56, showing healthy buying momentum. This reading suggests room for additional gains before reaching overbought conditions.
MACD data reveals the main line at 517.18, well above the signal line at 443.31. The expanding gap indicates persistent buying pressure throughout October.
Fibonacci retracement analysis identifies $4,742 as the next resistance point. Breaking through this level could open doors to $4,950 and eventually $5,200.
Support levels remain firm at $4,120 and $3,850. A drop below these thresholds could push ETH toward $3,500, though current strength makes this unlikely.
ETF Products Reshape Market Dynamics
BlackRock’s Ethereum ETF launch transformed institutional participation in 2025. These investment vehicles allow traditional investors to gain ETH exposure without custody concerns.
Daily trading volume now exceeds $37 billion according to Brave New Coin data. This reflects substantial involvement from institutional trading operations.
ETF inflows reduce selling pressure from long-term holders. This dynamic creates more stable price action compared to previous bull markets.
Professional investors now view ETH as a portfolio diversification asset. Analysts expect continued inflows through the fourth quarter of 2025.
Gold Correlation Fuels $15,000 Predictions
Market analysts compare Ethereum’s current trajectory to gold’s 2020-2025 rally. Trader DeFiTracer highlighted chart patterns showing strong similarities between the two assets.
The ETH-gold correlation reached 0.7 in Q3 2025 according to Blockchain Reporter. This marks one of the strongest relationships ever recorded between these assets.
Ethereum historically moved opposite to gold during risk-on and risk-off cycles. Changing macro conditions and ETF growth have shifted this relationship.
Researchers Benjamin Cowen and Tom Lee forecast $12,000 to $15,000 targets if inflows continue. Growing DeFi participation and staking activity support their thesis.
Technical charts show ETH broke above a descending trendline from the 2021 peak at $4,900. The 17% October rally confirms this breakout pattern.
On-chain metrics reveal decreased selling from short-term holders. The Spent Output Profit Ratio shows fewer coins moving at a loss.
One whale sold $56 million worth of ETH for $9 million profit after buying near $4,000. Academic research suggests concentrated wallet activity can increase volatility by 20% during active periods.
Ethereum’s outlook depends on sustained institutional adoption and macro conditions. ETF demand, staking yields, and on-chain fundamentals now drive price action more than speculative trading.
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