Ethereum News Today: Ethereum's $4,620 Crossroads: Whale Hoarding Meets Institutional Momentum

Ethereum's price trajectory remains underpinned by aggressive whale accumulation and institutional inflows, with key technical levels and on-chain activity suggesting a potential breakout. Large holders have added approximately 870,000 ETH ($4 billion) in a single day, signaling strong conviction despite sideways price action. This accumulation aligns with a historical pattern observed in 2021, where Ethereum whale addresses holding over 10,000 ETH surged to 1,150, indicating a tightening supply dynamic. Concurrently, institutional participation has intensified, with combined Bitcoin and Ethereum ETFs recording $4.5 billion in inflows, including $1.3 billion into Ethereum ETFs.

Technical analysis highlights $4,620 as a critical resistance level. Ethereum has consolidated above $4,500, with the 100-hourly Simple Moving Average and bullish trend lines providing near-term support. On-chain indicators, including the MACD and RSI, show strengthening momentum, with the RSI crossing the neutral 50 threshold. A decisive break above $4,620 could trigger a rally toward $4,650, with further targets at $4,720 and $4,800. Conversely, failure to surpass this level risks a pullback toward $4,480, with deeper support at $4,440.

Institutional confidence is further reinforced by record staking participation, with 36.15 million ETH locked in staking, and growing treasury allocations. Corporate entities, including Bitmine Immersion and SharpLink Gaming, have added over 6.5 million ETH to their reserves, reflecting Ethereum's adoption as a strategic asset. Additionally, exchange balances for both Bitcoin and Ethereum have hit multi-year lows, creating a supply shock dynamic historically linked to price surges.

Market structure suggests a textbook accumulation phase, with Ethereum forming an ascending triangle and hidden bullish divergence on the daily chart. This pattern, coupled with a 22% increase in long-term holder positions since March 2025, indicates a high probability of a sustained upward move. Analysts project that if current inflows persist, Ethereum could test new all-time highs above $5,000 within weeks.

The broader market context remains supportive, with the Federal Reserve's rate cuts and macroeconomic easing bolstering risk-on sentiment. However, risks persist, including potential selling pressure from 2.6 million ETH ($12 billion) in unstaking queues and regulatory uncertainties. Despite these challenges, the confluence of whale accumulation, institutional buying, and technical alignment positions Ethereum for a potential parabolic rally, contingent on sustained inflows above $4,620.

Source: [1] FXLeaders (https://www.fxleaders.com/news/2025/10/06/ethereum-eyes-5000-breakthrough-as-whales-accumulate-118m-and-bitcoin-tests-new-ath/)

[2] BraveNewCoin (https://bravenewcoin.com/insights/ethereum-eth-price-prediction-ethereum-reclaims-4500-as-whale-buying-fuels-7k-october-rally-outlook)

[3] NewsBTC (https://www.newsbtc.com/analysis/eth/ethereum-price-faces-pause-4620/)

[4] Holder.io (https://holder.io/news/eth-price-up-5-resistance-4-620/)

[5] TradingNews (https://www.tradingnews.com/news/ethereum-price-forecast-eth-usd-holds-4620-usd-after-fed-cut)

[6] BeInCrypto (https://beincrypto.com/ethereum-price-whales-accumulate-breakout-level-nears/)

[7] MoneyCheck (https://moneycheck.com/ethereum-2025-rally-builds-as-whales-accumulate-over-10k-eth/)

[8] CryptoPotato (https://cryptopotato.com/eth-accumulation-spikes-as-holders-bet-on-short-term-price-gains-cq/)