5 Reasons Ethereum Could Explode to IDR132 Million? Whales Bought Rp2.2 Trillion ETH! (10/31/25)

Jakarta, Pintu News – Ethereum (ETH), one of the top cryptos and known as the King of Altcoins, has again caught the attention of global investors. Currently trading at around $3,990 or around IDR66,348,820 (at an exchange rate of 1 USD = IDR16,618), Ethereum is said to be preparing to enter the “final euphoria” in its bull run cycle. Based on on-chain data and technical analysis, whales have bought more than $135 million (IDR 2.2 trillion) worth of ETH in just the last 24 hours.

1. ETH has the potential to reach Rp132 million, if the breakout succeeds

According to analysts from Crypto Yhodda, Ethereum’s current price structure reflects the pattern of 2021 when ETH had a price discovery rally. If ETH manages to break and hold above the crucial resistance of $4,100-$4,200 (IDR68 million-IDR69.7 million), then the potential for an increase towards $8,000 or around IDR132 million is wide open.

Another analyst, Daan Crypto Trades, mentioned that $4,100 is the “sacred price” that bulls must break to avoid rejection and a correction back to $3,800. This level is an important metric that is currently being monitored by the crypto community and professional traders.

Also Read: 5 Strong Signals Dogecoin (DOGE) Could Explode in November: Here’s What Analysts Say

2. Whale Allegedly Scraped ETH for Over Rp2.2 Trillion

According to data from Lookonchain, two new crypto addresses were recorded as receiving more than 33,948 ETH, worth $135 million (approximately Rp2.24 trillion). The ETH was sent by the company FalconX, which is known as a prime digital asset brokerage.

The address allegedly belongs to BitMine, a large Ethereum-based treasury company that also purchased an additional 27,316 ETH (approximately Rp1.88 trillion). This move suggests that ETH is being bought up heavily by institutions that are serious about accumulating this resilient altcoin.

3. BitMine Now Owns 2.75% of Global Ethereum Supply

BitMine publicly announced that it had captured 2.75% of the total circulating ETH supply, out of its ambitious target of capturing 5%. As of October 27, 2025, they held 3,313,069 ETH, plus holdings of 192 BTC and other assets worth a total of $14.2 billion.

This big action is an indicator that Ethereum is not only the talk of the town among retail investors, but is also starting to be hunted and watched by large corporations who see its long-term potential as the main infrastructure for Web3 and DeFi.

4. 18-Month Bullish Megaphone Pattern Still Persists

Crypto analyst Jelle highlighted that ETH has brokenout from the bullish megaphone pattern formed over the past 18 months. Despite a pullback to lower levels, ETH is still holding above key support and is considered ready for the next rally.

Jelle calls this scenario a“hated rally“, where the price rises slowly but steadily, driven by large accumulations from large investors who believe in ETH’s long-term potential as a pillar of the global blockchain ecosystem.

5. FOMC Signals and ETFs Could Be Further Catalysts

Although ETH is currently unable to stay above $4,000, market volatility triggered by the Federal Reserve’s (FOMC) interest rate decision could accelerate price movements. If macro sentiment improves, then it is not impossible for ETH to return to its euphoric path like in 2021.

In addition, news surrounding ETF launches, increased staking, and adoption in the DeFi sector will remain important factors closely monitored by analysts as the next catalyst. Especially if ETH is able to keep the $4,000 zone as medium-term psychological support.

Conclusion

Ethereum is increasingly showing its strength as a resilient altcoin that is much talked about. With whale support, a solid technical structure, and external catalysts from global institutions, ETH has the potential to steal the show again by the end of 2025. While the risk of correction remains, current data suggests that Ethereum is heading for a major accumulation phase before its next surge. Will ETH really break through IDR132 million? All eyes are now on Ethereum.

Also Read: Will Ripple (XRP) Surge Before 2030? Check out his bold prediction!

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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 are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Rubmar Garcia / NewsBTC. Ethereum (ETH) Prepares For ‘Last Euphoric Run’ As Whales Go On $135M Buying Spree