Analysts Predict Ethereum (ETH) to Surge to $5,000, Whale Accumulation is the Trigger?

Jakarta, Pintu News – After experiencing four false breaks so far this year, Ethereum (ETH) is showing significant signs of recovery. With the price reaching $4,200 again, analysis from various crypto research institutes points to the potential for even higher gains in the near future.

Ethereum (ETH) Recovery After False Break

Matrixport, a crypto research firm, notes that Ethereum (ETH) has managed to recover to its multi-year upper triangle level and is now looking to continue its rise. This recovery comes after the fourth false break which is expected to trigger a price increase in the next few weeks.

The previous false break showed limited impact to the price decline, and the current price action shows similar indications, suggesting the potential for a quick rebound. On the technical charts, this rebound looks constructive and shows strength ahead of the typically positive October season.

Meanwhile, analyst from 10x Research, Markus Thielen, highlighted that the options market is also showing clear bullish signals in contrast to last week’s Ethereum (ETH) options expiry. Options traders are likely to target strike prices at $4,300 and $4,500, with some even more optimistic towards a $5,000 target by the end of October.

Also read: Ripple (XRP) ETF Approved Soon? Price Projected to Reach $33!

Massive Accumulation by Ethereum (ETH) Whales

Ethereum (ETH) whales have been pulling large amounts of Ethereum (ETH) from crypto exchanges in recent days. Continuous purchases by Ethereum (ETH) cash from Bitmine Immersion (BMNR) and developments such as SWIFT’s partnership with Ethereum (ETH)-based Consensys have fueled bullish sentiment among crypto participants.

Lookonchain reported that whales with addresses 0x93c2 and 0x6F9b have bought $106.74 million and $21 million worth of Ethereum (ETH) in the past 4 hours. Additionally, Onchain Lens reported that a whale has withdrawn 3,629 Ethereum (ETH) worth $15.22 million from Binance.

The whale now holds more than 3,666 Ethereum (ETH), worth nearly $15.36 million. An hour ago, the whale with address 0x1fc withdrew 2,360 Ethereum (ETH) worth $9.92 million from Binance, for a total accumulation of 29,800 Ethereum (ETH) worth $113 million at an average entry price of $3,794.

Read also: Tether Invests $1 Billion to Buy 8,888 Bitcoins, What’s the Strategy?

Ethereum (ETH) Key Price Reclamation at $4,200

Today, the price of Ethereum (ETH) is up 1%, with the price currently trading at $4,185. The 24-hour low and high were $4,087 and $4,240, respectively. In addition, trading volume has increased 40% in the last 24 hours, indicating a significant increase in interest among traders.

Analyst Ted Pillows predicts $4,250 as the next key level to watch out for, opening up opportunities for further gains. Meanwhile, Ethereum (ETH) ETF inflows of over $546 million built bullish sentiment, with Fidelity buying $202 million in Ether. However, if Ethereum (ETH) fails to sustain these levels, a drop towards $4,000 is likely.

Conclusion

With various technical and fundamental indicators pointing to bullish potential, Ethereum (ETH) seems to be gearing up for the next phase of its rally. Accumulation by whales and positive signals from the options market add to the belief that Ethereum (ETH) could reach higher price targets in the near future.

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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

• Coingape. Experts Predict Big ETH Rally on Bullish Options, Whales Signal Post False Break. Accessed on October 1, 2025
• Featured Image: Decrypt