Ethereum reclaims $4K: Three reasons why ETH price will ‘pump’ in October

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Key takeaways:

  • The supply of ETH on exchanges is dropping-could this be the calm before the storm?

  • Ethereum‘s weekly DEX volume surged by 47%. A sign of… something? Maybe a rally?

  • History whispers: ETH usually gains an average of 4.77%. Just don’t hold your breath for a guarantee.

Ah, Ether. Once again, it has crept back above the $4,000 mark-how quaint. A 3.5% increase in the past 24 hours? Well, isn’t that adorable! This modest recovery has ignited the spark of hope for ETH to reclaim its bullish momentum this October, as whispered by the ever-reliable on-chain, historical, and technical data gods.

Declining ETH supply on exchanges

CryptoMoon-those ever-watchful cryptic sages-have reported that the Ether supply on centralized exchanges has dropped to its lowest point since 2016. Why, you ask? Ah, yes-good old institutional accumulation. Isn’t it always the institutions?

CryptoQuant analyst, the ever-pensive CryptoMe, points to three reasons for the decrease in ETH reserves on exchanges:

  • Investors, feeling all smug and superior, have opted for self-custody;

  • ETH is getting sent to staking or exchanges-oh, the places it’ll go;

  • Transfers to fresh new wallets-what a wonderful game of hide-and-seek!

The outflows are steadily rising, harkening back to the days when the 2022 bear market was in its death throes, and quantitative tightening was at its “hottest point.” According to CryptoMe, after the FTX collapse, ETH tokens were withdrawn from exchanges like they were going out of style.

Is ETH about to boom? CryptoMe, ever the optimist (or is it cynic?), says:

“When demand triggers, the rally starts. Falling reserves prepare the ground for that rally.”

Ethereum DEX volumes jump 47% in a week

And now, for the pièce de résistance: a 47% leap in decentralized exchange (DEX) activity. Ethereum, with a sudden surge in its decentralized activities, seems to be doing a little victory dance. Perhaps it’s a prelude to something more sinister-or should I say, profitable?

DEX volumes on Ethereum have jumped to $33.9 billion, a far cry from $22.9 billion the previous week. Layer-2 solutions like Base, Arbitrum, and Polygon joined in the fun, too. A modest recovery? Perhaps. A full-blown Ethereum celebration? Who knows. Meanwhile, Solana’s DEX activity gained 6%, and BNB’s had a humble 8.3%. How cute.

The surging DEX volumes often accompany price increases, and guess what? They’ve historically been followed by price growth. It’s almost like there’s a pattern here. For example, between June 30 and August 14, when the DEX volume leaped 276%, ETH nearly doubled in price. Such a coincidence! Or is it destiny?

Ether price to see “pump” in October?

September wasn’t too kind to ETH-down 6%, just as the historical charts predicted. But what of October? Oh, October, that fickle mistress. Historically, Ethereum enjoys an average 4.77% gain in October. This could mean ETH might hit closer to $4,300. What a delight that would be!

Crypto analyst Marzell, ever the optimist, hinted at something truly *explosive* coming up this October, saying:

“October is often the ignition… get ready for the Q4 $ETH pump!”

Meanwhile, analyst Midas, watching with a smug grin, noted that ETH is following the same pattern as Q3 2020. What happened then, you ask? A spectacular 100%+ gain in Q4. Sure, let’s all pretend we’re not secretly hoping for the same thing.

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2025-09-29 18:02