Ethereum News Today: Ethereum's Structural Shift From Trading to Accumulation Fuels Bullish Momentum

Ethereum (ETH) is navigating a pivotal phase as technical indicators, institutional flows, and on-chain activity align to shape its near-term trajectory. The second-largest cryptocurrency by market capitalization rose 5.2% to $4,160 in 24 hours, with Fibonacci analysis suggesting potential price targets of $6,303, $9,013, and even $16,077 if bullish momentum persists, according to a TradingView report. This surge follows record $9.6 billion in net inflows to U.S. spot ETH exchange-traded funds (ETFs) during Q3 2025, propelling total assets under management to $28.6 billion — a milestone surpassing Bitcoin ETFs per the same report.

Technical analysts highlight a critical resistance cluster near $4,100–$4,250, which has constrained upward movement since mid-2025, according to a Yahoo Finance analysis. A breakout above this zone could push ETH toward $5,000–$6,000, with a hidden bullish divergence on the 2-day chart adding to optimism, as noted in the Yahoo November outlook. This divergence—where price forms higher lows while the RSI creates lower lows—suggests weakening seller strength, reinforcing the case for a continuation of the broader uptrend.

On-chain dynamics further underscore accumulation pressure. Whale activity has intensified, with wallets holding 1,000–100,000 ETH increasing their balance by 1.64 million ETH ($6.4 billion at current prices) through October. Meanwhile, the MVRV (Net Unrealized Profit/Loss) ratio reveals a 20% gap between staked ETH (1.7) and circulating ETH (1.5), signaling stronger conviction among long-term holders, according to an Ambcrypto analysis. This structural shift—from trading to accumulation—aligns with shrinking unrealized gains in the circulating supply, historically marking the start of new bullish cycles.

Institutional buying remains a key catalyst. Bitmine Immersion Technologies recently added $29.28 million in ETH via Galaxy Digital's OTC desk, extending its weekly accumulation streak to $200–$300 million, according to a Brave New Coin insight. Such activity coincides with a broader trend: investment advisors and hedge funds increased ETH exposure by 63% in Q3 2025, with professional investors now controlling 2.3% of holdings across $940 million in liquidity, according to a Powerdrill analysis.

Looking ahead, November 2025 presents a critical test. Historically, the month has averaged 6.93% gains for ETH, with 2024's 47.4% rally offering a precedent. The Holder Accumulation Ratio (HAR) currently at 30.45%—down from 31.27% in late October—suggests a divergence between whale accumulation and long-term holder trimming. If retail conviction catches up, it could amplify the impact of whale-driven demand.

Price targets hinge on key levels. A close above $4,240 would validate the uptrend, potentially pushing ETH toward $4,620, the upper bound of its long-term channel. Conversely, a drop below $3,510 would invalidate the bullish case. Analysts at Powerdrill Bloom project $7,583 by 2026, citing institutional adoption, dovish Federal Reserve policy, and the Fusaka upgrade's scalability potential.