Ethereum Updates Today: ETF Rally Faces Off Against Major Whale Shorting—Is $10K Within Reach?
- Ethereum's price rose to $3,857 as U.S. spot ETFs saw $141.6M inflows, driven by Fidelity and BlackRock, signaling institutional interest. - Analysts link the recovery to expected Fed rate cuts and technical indicators showing potential for a rebound toward $4,500. - Bitcoin whales amplified short positions, triggering $19B in crypto liquidations, while "Trump insider whale" exploited tariff announcements for rapid profit extraction. - Market dynamics highlight whale-driven volatility, with derivatives v
Ethereum’s price prospects have improved as U.S. spot ETH exchange-traded funds (ETFs) have started seeing inflows again, boosting investor optimism and leading some analysts to discuss the possibility of Ethereum reaching $10,000. This rebound is occurring in a market environment where major crypto holders—those with the power to sway prices—are once more making calculated moves, this time centering their attention on
Recent ETF figures reveal that on October 21, net inflows totaled $141.6 million, with Fidelity’s FETH and BlackRock’s ETHA leading the way. This shift follows three consecutive days of outflows and points to a rising institutional appetite for Ethereum. Analysts link this change to expectations that the Federal Reserve may cut rates at the end of October, potentially easing economic pressures on riskier assets like cryptocurrencies, according to Crypto.News. At the same time, Ethereum’s price has steadied around $3,857, and technical signals indicate a possible upward move. Over the past 24 hours, trading volume jumped 35.2% to $45.8 billion, while derivatives trading climbed 57.3% to $114.2 billion, showing increased market engagement.
This renewed sense of optimism stands in contrast to the recent turbulence caused by
The strategies of these large traders and the overall market trends create a feedback loop. When major players take on heavily leveraged trades, smaller investors often follow suit, which can intensify price swings. For instance, the "Trump insider whale" transferred $250 million in profits back to their funding wallet within an hour after Trump’s tariff announcement, closing nearly all Ether short positions and 90% of Bitcoin shorts, as noted by Investing.com. These actions highlight how on-chain activity can strongly influence market sentiment.
Although Ethereum’s fundamentals are mixed—it is still trading 21% below its August high and has dropped 6% over the past week—analysts believe there is room for price growth if ETF inflows persist and the Federal Reserve takes a more accommodative approach. “The market hasn’t reached oversold territory yet, but an RSI of 41.15 indicates that bearish momentum is fading,” one analyst told Crypto.News. The next significant resistance is at $4,500, with support at $3,800.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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