Ethereum News Today: Ethereum Mirrors Gold's Bull Run as ETFs Push Price Past $4.5K

Ethereum's price has surged 8.84% to $4,510 in the week ending October 6, 2025, driven by aggressive accumulation from whale wallets and renewed institutional demand. On-chain data reveals large holders purchased nearly 800,000 ETH over the past week, a significant increase in buying activity that aligns with broader market stabilization after months of volatility. Analysts attribute this trend to growing institutional confidence, particularly as BlackRock's Ethereum ETF and similar products have driven daily trading volume above $37 billion. The accumulation pattern, observed by crypto market expert Ali, underscores a shift in holder behavior toward long-term positioning rather than speculative tradingEthereum (ETH) Price: Whales Accumulate 800,000 ETH as Institutional Demand Grows^[1].

Technical indicators reinforce the bullish momentum. The Relative Strength Index (RSI) stands at 63.56, signaling strong buying pressure without entering overbought territory. The Moving Average Convergence Divergence (MACD) shows a widening gap between the main line (517.18) and the signal line (443.31), indicating sustained upward momentum. Fibonacci retracement levels highlight $4,742 as a key resistance target, with a potential path to $4,950 and $5,200 if the price breaks through. Traders note that maintaining support above $4,100 is critical to preserving the bullish trajectoryEthereum (ETH) Price: Whales Accumulate 800,000 ETH as Institutional Demand Grows^[1].

The introduction of institutional-grade Ethereum ETFs has fundamentally altered market dynamics. These products, which allow traditional investors to gain ETH exposure without direct custody, have reduced selling pressure among long-term holders. Analysts observe that ETF inflows have improved price stability compared to earlier bull cycles, with Ethereum now treated as a diversification tool in institutional portfolios. This trend is expected to persist through the fourth quarter of 2025, with inflows averaging over $500 million weeklyEthereum (ETH) Price: Whales Accumulate 800,000 ETH as Institutional Demand Grows^[1].

A notable comparison has emerged between Ethereum's price structure and gold's multi-year rally from 2020 to 2025. Blockchain Reporter data shows the Ethereum-gold correlation rose to 0.7 in Q3 2025, the strongest alignment recorded between the two assets. Historically, Ethereum moved inversely to gold during risk-off periods, but macroeconomic factors-including inflationary pressures and ETF inflows-have narrowed this gap. DeFiTracer's analysis suggests Ethereum could follow a similar trajectory to gold, with potential targets of $12,000–$15,000 by year-endEthereum (ETH) Price: Whales Accumulate 800,000 ETH as Institutional Demand Grows^[1].

Analyst forecasts span a wide range, with Benjamin Cowen and Tom Lee projecting $12,000–$15,000 if current inflows continue. These predictions are based on increased participation in decentralized finance (DeFi) and staking platforms, which incentivize long-term ETH holding. On-chain metrics, such as the Spent Output Profit Ratio, indicate that short-term holders are selling at a loss, further supporting the case for sustained price gains. Support levels remain intact at $4,120 and $3,850, with current momentum favoring a bullish continuationEthereum (ETH) Price: Whales Accumulate 800,000 ETH as Institutional Demand Grows^[1].

The competitive landscape for Ethereum is also evolving. While rivals like Solana and Avalanche offer lower fees and faster throughput, Ethereum's dominance in developer activity and Layer 2 integrations remains a key differentiator. Upgrades such as the Pectra protocol, which enhances smart contract efficiency, are expected to bolster Ethereum's utility and value capture. Additionally, the deflationary pressure from EIP-1559's burn mechanism and rising staking demand has reduced ETH's circulating supply, reinforcing its fundamental investment caseEthereum Price Prediction for 2025: Technical Structure, Whale Accumulation and Market Outlook^[3].

Despite the bullish outlook, risks persist. A breakdown below $4,120 could trigger a retest of $3,850 or even $3,500, though current momentum suggests this scenario is less likely. Market observers emphasize the importance of maintaining institutional inflows and avoiding macroeconomic headwinds. With whale accumulation, ETF adoption, and technical strength aligning, Ethereum appears well-positioned for a potential breakout, though traders are advised to monitor liquidity clusters and resistance levels closelyEthereum (ETH) Price: Whales Accumulate 800,000 ETH as Institutional Demand Grows^[1].