Gold prices slid below $4,000/oz amid profit-taking on Gaza ceasefire
Big money is moving into Ethereum—and price action is starting to reflect it.
- ETH demand is rising from big players.
- Dip bought below $4440.
- Bull’s eye $4560 breakout.
ETH/USD Summary
Ethereum continues to attract institutional interest, with over 10% of its circulating supply now held by treasuries and ETFs. That backdrop has coincided with renewed buying interest in ETH, as technical signals suggest directional risks may be shifting higher in the near term.
ETH Institutional Interest Grows
According to the Strategic ETH Reserve, institutional investors now hold over 10% of Ethereum’s circulating supply. That includes around 5.66 million ETH held by corporate treasuries and 6.81 million ETH held by spot ETFs, totalling 12.48 million ETH or 10.31% of supply.
The shift points to growing institutional confidence in Ethereum as a strategic asset, along with a meaningful change in market structure with long-term holders playing a larger role in price discovery.
That backdrop has coincided with a fresh bid emerging in ETH/USD, with the latest pullback below $4440 attracting buyers and helping to stabilise price action.
ETH/USD Technical Analysis
With buyers active at lower levels and price momentum shifting neutral, directional risks for ETH/USD may be shifting higher in the near term. The H1 chart reveals buyers stepping in below $4440 earlier in the week, helping spark a rebound towards known resistance at $4560 before retracing to minor support at $4500. These are the levels to consider for anyone looking at setups in ETH/USD, providing a blueprint for entry and stop levels in the short term.
Source: TradingView
Having recently printed a bullish engulfing candle, the preference remains to buy dips over selling rips—especially given the price action below $4440 over recent days. While there’s no definitive signal from RSI (14) or MACD on price momentum, with both indicators sitting in neutral territory, that’s a distinct turnaround from earlier in the week when they were offering strong bearish messages.
Given where ETH/USD trades, one setup to consider would be buying dips towards $4500 with a tight stop beneath for protection, targeting $4560 resistance initially. If the price drifts higher, another option would be to see whether bulls can break and hold above $4560 on the H1 timeframe, allowing for long positions to be established above the level with a stop beneath for protection. Depending on desired risk-reward, $4640 resistance, the October 8 high of $4758.3, or the record high of $4867 screen as possible targets.
Should the mildly bullish bias prove to be incorrect, a clean break beneath $4440 would open the door for bearish setups to be considered.