Ethereum News Today: Ethereum Surpasses $4,000 as Whale Accumulation Hits 1.8M ETH

Ethereum has crossed the $4,000 level for the first time in months, drawing attention from investors and analysts alike. Whale activity has shown a clear trend of accumulation, with major holders acquiring over 1.8 million ETH in the last 30 days. This pattern is historically associated with strong price movements and suggests growing institutional or long-term investor confidence in the cryptocurrency [1].

Technical indicators also support a bullish outlook. On-chain data reflects positive momentum, including a bullish moving average crossover, a relative strength index (RSI) near 72 (indicating overbought but not exhausted conditions), and a positive MACD crossover. These signals reinforce the view that Ethereum may be entering a new upward phase [1].

Ali Martinez, a well-known technical analyst, has suggested that if Ethereum can maintain support above $4,000, the next potential target price could be $6,400. This level has historically acted as a strong resistance and is considered a critical milestone for further price confirmation [2]. The analyst notes that a sustained breakout above $4,800 could open the door to a move toward $6,000–$6,400, especially if the upcoming Fusaka upgrade and regulatory developments proceed as expected [2].

Scheduled for November 2025, the Fusaka upgrade aims to improve Ethereum’s scalability by raising the gas limit to 150 million and introducing parallel EVM processing. These changes are expected to significantly enhance transaction speeds and reduce costs. Historical upgrades, such as The Merge in 2022, were followed by price increases of 30–50%. Analysts believe the Fusaka upgrade could similarly attract more decentralized application (dApp) developers and institutional users, further boosting ETH demand [1].

Another potential catalyst for Ethereum’s price movement is the U.S. Securities and Exchange Commission’s (SEC) review of Ethereum staking ETF proposals from BlackRock and VanEck. If approved, these funds could allow institutional investors to earn 3–4% APY on staked ETH, potentially locking up over 30% of the circulating supply. This regulatory shift could serve as a major bullish catalyst, especially if it aligns with favorable market conditions [1].

Short-term price projections indicate that Ethereum could move toward $4,400–$4,600 within weeks if it sustains above $4,000 [1]. A subsequent breakout above $4,800 may open the path to $6,000–$6,400, particularly if the Fusaka upgrade and ETF developments proceed as expected [2]. The 1-day technical analysis on TradingView currently reflects a “strong buy” signal, with multiple indicators reinforcing the bullish outlook [1].

Despite the positive momentum, analysts remain cautious about potential volatility. A pullback below $3,600 could drag the price down toward $3,000–$3,200. However, the broader narrative remains optimistic, with whale activity, favorable technicals, and upcoming upgrades forming a strong foundation for further appreciation [3].

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Source: [1]Ethereum Latest News: Price Hits $4000 as Whales ... (https://coindoo.com/market/ethereum-latest-news-price-hits-4000-as-whales-accumulate/)

[2]Ethereum Price Outlook as Whales Accumulate 1.8M ETH (https://www.coingabbar.com/en/price-prediction/ethereum-price-outlook-as-whales-accumulate-18m-eth?srsltid=AfmBOoocrpRWmfX0xlYcbk3_snGbGrAG-eeIu4VvH6PN7vU_lOgH9UkN)

[3]Ethereum Price Prediction: ETH Price in 2025,2026,2027 (https://coindcx.com/blog/price-predictions/ethereum-price-weekly/)