Major Ethereum whales, including the treasury company Bitmine, have been on a massive buying spree, fueling speculation about a significant price rally in the fourth quarter.
Whales Buy Big, ETFs Bleed
- Massive Accumulation: Over a three-day period, Bitmine alone purchased more than 252,000 ETH, boosting its total holdings to over 2.2 million ETH (valued at $8.84 billion). Other large wallets are also accumulating, with one notable whale re-entering the market to buy $6.17 million worth of ETH.
- ETF Reversal: This whale accumulation directly contrasts with the trend in Ethereum ETFs, which saw their biggest weekly loss since inception, with outflows totaling $795.56 million. This sharp reversal wiped out momentum from August and September, dropping total assets under management back to $26 billion.
Historical Data Points to a Bullish Q4
- Potential for Double Gains: Historical trends suggest that when ETH closes the third quarter strongly, the fourth quarter's gains tend to more than double.
- The $10,000 Target: Analysts believe the current downturn is a "healthy correction" following a nearly 250% rally. If this historical pattern repeats, the next upward leg could easily take the price of ETH above $10,000.
- Decisive Months Ahead: With seasonal data favoring strong year-end finishes and the price remaining within its long-term rising channel, the next few months are viewed as decisive for Ethereum's trajectory.
Short-Term Outlook: Holding the Line
- Current Price Action: Ethereum has bounced back above the $4,100 level, stabilizing after a recent drop.
- Key Support: The $4,000 level is critical. If bulls can defend this floor, a steady climb could follow. A failure to hold $4,000 could lead to another dip before a full recovery.
- Momentum Check: While the RSI is under 45, suggesting room for upward movement, trading volumes remain light, indicating that strong momentum has not yet returned.
September 2025, Cryptoniteuae