Oh, Ethereum, you sly fox. You’re back, but not really. You’re just… existing at $4k, which is 19% below your peak. But hey, at least you’re not in a coma! 🤡
Alphractal just dropped a bomb: more people are holding 1,000 ETH than a toddler holding a candy bar. These whales are getting cozy with their crypto, and it’s either a sign of love or a long-term plan. Probably the latter. 🐋
ETH Leaves Exchanges as Supply Shrinks
CryptoQuant says ETH is fleeing exchanges like a vampire in daylight. 1 million coins gone since September. Are they hiding? Or just taking a break from the chaos? 🧛♂️
Meanwhile, these withdrawals suggest ETH is moving into self-custody, a sign often seen as a longer-term holding. The price has held steady above $4k during this shift, suggesting reduced sell pressure in the short term. Or maybe the whales are just napping. 🛌
Bigger Players Increase Exposure
Institutional interest in Ethereum has also risen. CryptoPotato reported that ETH held by institutions has grown nearly four times faster than Bitcoin over the last year. This shift may point to a growing role for Ethereum in large portfolios. Or maybe they’re just trying to keep up with the Joneses. 🏡
Bitmine, a firm backed by Tom Lee, recently bought 27,316 ETH worth over $113 million. The firm now holds 3.34 million ETH, valued at $13.3 billion. Lee has said ETH could reach $15,000 by December, though such targets remain speculative. Because nothing says “trust me” like a number that’s basically a guess. 🤷♂️
Key Levels Hold as Market Waits
Ethereum is trading in a tight range between $4k and $4.15k. As we reported, a similar pattern was seen in mid-2025, when ETH moved sideways before jumping from $2,500 to $3,800. Some analysts view the current structure as a possible base. Or a crypto version of a “wait for it…” moment. 🎬
BitBull noted that “as long as the $3.8K-$4K zone holds, there’s no reason to be bearish on Ethereum.” But let’s be real-bearish is just a fancy word for “I’m not rich enough yet.” 🦄
Short-term price action remains sensitive. Another analyst pointed out ETH dropped to $3,900 before bouncing and added,
“this selling is likely tied to de-risking ahead of the FOMC meeting.”
Because nothing says “I’m a responsible investor” like panicking before a central bank meeting. 🧠
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2025-10-29 14:58