Ethereum Price Falls to $4,300 as Whales and Long-Term Holders Begin Accumulating

Jakarta, Pintu News – The price of Ethereum (ETH) has been relatively flat this week, rising only about 1.3% in the last seven days and hovering around $4,430. On a monthly basis, its performance is not too outstanding, with a mild increase of around 2.7%.

Although the movement seems sluggish, signs of accumulation are quietly starting to appear – hinting that there could be a potential big move being prepared behind the scenes.

Then, how will Ethereum price move today?

Ethereum Price Drops 1.03% in 24 Hours

As of October 10, 2025, Ethereum (ETH) was trading at around $4,389, equivalent to IDR 73,120,872, marking a 1.03% decline over the past 24 hours. During this period, ETH touched an intraday low of IDR 71,242,872 and a high of IDR 74,038,947.

At the time of writing, Ethereum’s market capitalization stands at approximately IDR 8,722 trillion, while its daily trading volume has increased by 4% to IDR 671.67 trillion over the past day.

Read also: Bitcoin Holds Around $121,000 Today, 2025 — Rising Sell-Offs Signal Fading Momentum

Whales and Short-Term Holders Start Accumulating

The most noticeable change is seen in the behavior of Ethereum whales. On-chain data shows that large holders added almost 870,000 ETH in the last 24 hours, increasing their total holdings from 99.34 million to 100.21 million ETH.

With the current price at around $4,440, the addition is worth around $4 billion – one of the largestinflows from whales in recent weeks. Such a move generally signals that well-capitalized investors are preparing for a potential price increase, rather than exiting after a previous rally.

At the same time, activity from a smaller but active group of holders also increased. Based on Glassnode’s HODL Waves data, which tracks the duration of coins held by different ownership age groups, two short-term groups recorded significant growth.

The 24-hour group rose from 0.34% to 0.87% since October 4, while the 1-3-month group increased from 11.57% to 12.36% in the past week.

A rise in short-term holdings, especially amidst relatively flat price movements, usually indicates that more and more traders are starting to re-enter the market, adding liquidity and momentum in the early phase of accumulation.

The combination of inflows from whales and increased short-term holder activity signals that Ethereum’s current price calm could be just the “calm before the storm”, indicating a potential strong move in the near future.

Read also: 3 Key Factors that Could Push Solana (SOL) Price to the $300 Level

Ethereum Price Chart Structure Supports Accumulation Narrative

Ethereum’s price chart structure reinforces the optimistic signals seen in the on-chain data. As of October 9, ETH is moving between two important Fibonacci levels – $4,400 and $4,620 – while forming an ascending triangle pattern, where the price keeps printing higher lows against the flat resistance line above it.

This pattern is often a sign of accumulation before a breakout.

In addition, there was also a hidden bullish divergence on the daily chart between August 25 and October 9. This condition occurs when the price forms a higher low while the Relative Strength Index (RSI) indicator actually forms a lower low. RSI itself is used to measure market momentum as well as overbought and oversold conditions.

Hidden bullish divergence generally appears during a correction in an uptrend, signaling that the overall upward movement still has the potential to continue. This signal usually indicates a weakening of selling pressure and opens up the opportunity for a continuation of the already established uptrend.

If Ethereum manages to close the daily price convincingly above $4,620, then a potential rally towards $4,870 to $5,130 will open up, confirming the breakout. Conversely, if the price drops and closes daily below $4,400, there is a possibility of a correction to the $4,240 or even $4,070 area, which could invalidate the short-term bullish scenario.

For now, both whales and short-term traders seem to be waiting for one important thing: whether Ethereum is able to break and hold above the $4,620 level to start the next major upside phase.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. Ethereum Whales Pin Nearly $4 Billion on Breakout Hopes, but $4,620 Is the Key. Accessed on October 10, 2025