Ethereum Price Prediction: Are Bulls Getting Ready to Push the ETH
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Ethereum
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Crypto Writer
Arslan Butt
Crypto Writer
Arslan Butt
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Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...
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Last updated:
14 minutes ago
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
Ethereum (ETH) is back in the spotlight as it consolidates around $4,640 after a strong move up from its base at $4,070 in early September. The second-largest cryptocurrency has gained over 13% in two weeks and is now within striking distance of the $5,000 psychological level.
At the time of writing, ETH is trading at $4,639 with a market capitalization of $559.9 billion and a daily trading volume of $27.9 billion.
Supply Squeeze Fuels ETH Optimism.
One of the most significant bullish factors for Ethereum is its supply squeeze. Exchange reserves have dropped to 18.8 million ETH, the lowest level since 2016, and staking activity has surged, with over 36 million ETH (approximately 30% of the supply) now staked.
This reduces circulating supply, tightens liquidity, and puts upward pressure on price. Analysts also note that whale wallets and institutions have been quietly accumulating ETH, adding to the confidence in Ethereum’s long-term.
Key takeaways from the supply side:
Exchange reserves: 18.8M ETH, lowest since 2016
Over 36M ETH staked, ~30% of total supply
Whale accumulation supports institutional confidence
Ethereum (ETH/USD) Technical Outlook: Bulls Target $5K.
From a technical perspective, the Ethereum price prediction is slightly bullish as ETH is in an ascending channel, with price action making higher lows and testing the channel’s upper boundary.
The breakout above $4,450 was confirmed by long green candles, a bullish engulfing pattern.
Momentum indicators are adding nuance. RSI has cooled from 69 to 60, so there’s room for consolidation without weakness. A...
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