Bitmine accumulates 281M ETH as Ethereum shows accumulation patterns and targets $7,000 in a potential Q4 rally.
Ethereum is showing renewed strength as accumulation activity intensifies across its network. Bitmine has added 281 million ETH to its treasury, reinforcing trends that mirror the mid-year rally.
Analysts are watching the price closely as it forms familiar consolidation patterns, suggesting the possibility of another strong move in the coming months. Institutional participation is also increasing, with major asset managers and whales expanding their Ethereum holdings, signaling growing confidence in the network.
Ethereum Forms Accumulation Structure Before Possible Q4 Rally
Ethereum’s price is currently trading around $3,887 during the time of writing, showing a 2.74% increase in the last 24 hours. Analysts note that the current structure mirrors the mid-year rally pattern that led to gains of over 80% between July and August.
The chart shows consolidation between $3,600 and $4,200. Both the previous and current phases feature a temporary fakeout above the accumulation zone, followed by a rebound. Analyst Ash Crypto said, “This recurring setup could trigger another sharp upward move.”
Maintaining strength above $4,200 is seen as crucial for confirming the breakout. A dip below $3,600 could temporarily stall the rally but may not change the overall trend.
Bitmine Expands ETH Treasury and Boosts Institutional Confidence
Bitmine has recently added 281 million ETH to its treasury across multiple wallet transactions linked to FalconX and BitGo. This follows a prior purchase of 417 million ETH earlier in the year, marking a consistent accumulation strategy.
It looks like Bitmine(@BitMNR) just bought another 72,898 $ETH($281M).
Over the past 7 hours, 3 new wallets received 72,898 $ETH($281M) from #FalconX and #BitGo.https://t.co/SsBHF3mZY6https://t.co/5xru70VhpThttps://t.co/PANc6hqgT8https://t.co/SF8ZIiG882 pic.twitter.com/ZpR1rNd2h0
— Lookonchain (@lookonchain) October 18, 2025
Other institutions are also increasing their Ethereum holdings. BlackRock reportedly sold Bitcoin to acquire 12,098 ETH from Coinbase Prime. These movements reflect growing confidence in Ethereum as a long-term asset and demonstrate rising institutional participation in the network.
Large acquisitions like these often reduce exchange supply, potentially supporting future price growth. Combined with consistent network activity, these factors reinforce the accumulation phase and create a bullish framework for Ethereum.
Ethereum Price Outlook and Technical Considerations
If the breakout pattern continues to hold, Ethereum could target $7,000 by the end of Q4. Analysts note that renewed buying activity by large holders and institutions strengthens the technical case for a sustained rally.
History is repeating itself again.$ETH to $7,000 by Q4 end. pic.twitter.com/RO9JVDJFFw
— Ash Crypto (@Ashcryptoreal) October 15, 2025
Ethereum’s market structure shows repeated patterns that have historically preceded strong upward moves. Technical analysis combined with institutional accumulation suggests that Ethereum is well-positioned for another potential advance before year-end.