Ethereum News Today: Ethereum's Staking Surge Fuels 15% Rally, Traders Eye $4,650 Breakout

Generated by AI AgentCoin World
Sunday, Oct 5, 2025 5:13 am ET1min read
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Aime RobotAime Summary

- Ethereum (ETH) rose 15% weekly to $4,604, surpassing $4,600 with $556B market cap and $35B 24-hour volume.

- Traders focus on $4,650–$4,700 resistance zone, key to unlocking $4,900–$5,000 potential or triggering a $4,200 pullback.

- On-chain staking growth and $53M liquidations (37% short positions) signal easing bearish pressure and short-covering dynamics.

- RSI at 60 and higher September lows confirm bullish momentum, with Fusaka upgrade in December seen as long-term support catalyst.

Ethereum (ETH) has reclaimed the $4,600 psychological level, trading at $4,604 as of October 5, 2025, with a 2.3% 24-hour gain and a 15% weekly rise. The price action reflects strengthening buyer conviction, driven by rising on-chain staking activity and reduced bearish leverage. Market metrics indicate a total market cap of approximately $556 billion and 24-hour trading volume exceeding $35 billion. Traders are now closely monitoring the $4,650–$4,700 resistance zone, a critical barrier that has been tested four times without a decisive close above it Ethereum Reclaims $4,600 After Multiple Rejections as Traders Eye Possible Breakout Above $4,650[1].

A clean breakout above this range could propel

ETH
toward $4,900–$5,000, fueled by elevated volume and renewed momentum. Conversely, a rejection below the current price level may trigger a pullback to support near $4,200. On-chain data highlights $53 million in leveraged liquidations over the past 24 hours, with short positions accounting for $37 million of the total. This shift in liquidity suggests easing bearish pressure and potential short-covering dynamics Ethereum Reclaims $4,600 After Multiple Rejections as Traders Eye Possible Breakout Above $4,650[1].

Technical indicators provide further context. Ethereum's relative strength index (RSI) stands at 60, indicating healthy momentum without overextension. Higher lows since mid-September underscore a bullish trend, while the descending trendline resistance at $4,650–$4,700 remains a decisive threshold. Traders are advised to watch for a daily close above this zone with volume confirmation, as well as RSI trajectory and staking trends, to validate a sustained breakout Ethereum Reclaims $4,600 After Multiple Rejections as Traders Eye Possible Breakout Above $4,650[1].

The on-chain staking environment has also gained traction, with increased participation reinforcing long-term fundamentals. Analysts note that the upcoming Fusaka upgrade in December and rising staking activity could provide additional support for ETH's price action. However, these factors are viewed as long-term catalysts rather than immediate drivers for short-term breakout success Ethereum Reclaims $4,600 After Multiple Rejections as Traders Eye Possible Breakout Above $4,650[1].

Key metrics for

Ethereum
as of October 5, 2025:

- : $4,604

- : ~$556 billion

- : >$35 billion

- : $4,650–$4,700

- : $4,900–$5,000

- : ~$4,200 Ethereum Reclaims $4,600 After Multiple Rejections as Traders Eye Possible Breakout Above $4,650[1].

Traders should prioritize monitoring daily closes above $4,650, volume dynamics, and on-chain staking metrics to assess the likelihood of a sustained rally. While Ethereum's reclaim of $4,600 signals improved buyer interest, the resistance zone remains a pivotal test for the asset's near-term trajectory Ethereum Reclaims $4,600 After Multiple Rejections as Traders Eye Possible Breakout Above $4,650[1].