Key Insights:
- Ethereum (ETH) price traded around $4,170 at press time after an 8.9% daily rebound.
- Institutional firms, including Bitmine Immersion Technologies, expanded large ETH holdings.
- Analysts said the setup resembled past re-accumulation phases before major rallies.
Ethereum (ETH) held firm above $4,100 in mid-October 2025 after recovering nearly 9% in the past 24 hours. The rebound came despite an 8.8% decline over the past week and an 11.5% slide during the month. Analysts said renewed institutional activity and resilient support levels continued to strengthen sentiment and could set the stage for a move toward $5,700 if accumulation trends persisted.
Ethereum price formed a strong support range
The ETH price was trading around $4,170 at the time of writing after consolidating near the $4,000 zone for several sessions. Market data showed consistent buying interest near this area, which traders viewed as a critical zone for maintaining a constructive outlook.
Analysts identified the $4,000 region as an important support area on the weekly timeframe. Crypto analyst EzyBitcoin said on X that ETH had “followed the expected path” mapped out in prior analysis, referencing the so-called Gray Cloud projection.
The Gray Cloud model tracks periods of heavy accumulation and potential re-accumulation, where long-term investors absorb sell pressure. EzyBitcoin said remaining above this range was important for any recovery attempt.
A confirmation from the CrossX momentum signal could validate a reversal pattern, with potential upside toward $5,700 to $7,500. The CrossX model compares volume and trend strength to signal turning points. Analysts added that the recent sideways trading aligned with the Wyckoff re-accumulation framework, which describes consolidation phases that often precede long-term uptrends.
At the time of writing, the Ethereum price structure remained consistent with that pattern, indicating steady accumulation by high-conviction buyers.
Institutional demand supported renewed confidence
Institutional involvement continued to shape Ethereum’s trajectory. Bitmine Immersion Technologies purchased about $480 Million worth of ETH, expanding its holdings to roughly 2.96 Million tokens valued near $12 Billion. Blockchain tracking showed the transfers originated from FalconX and Kraken wallets.
Ted Pillows, who reported the move, said institutional players “were clearly not avoiding Ethereum” despite volatility. The purchase positioned Bitmine among the largest corporate holders of ETH in 2025.
Analysts viewed the deal as a sign of maturing investor confidence in Ethereum’s long-term utility. While some traders interpreted the accumulation as a bullish driver, others said large holders could be absorbing liquidity from retail sellers. This dynamic mirrored earlier cycles where institutions built exposure during market uncertainty.
The presence of institutional buyers often narrowed volatility over time, according to several market studies. Researchers noted that consistent inflows from regulated firms contributed to greater price stability, even during broader market corrections.
The broader on-chain data also showed increased wallet addresses holding between 10 and 10,000 ETH, a metric often seen as indicative of growing mid-tier investor participation.
Technical indicators pointed to recovery potential
Chart data revealed a descending resistance line from August highs near $4,900 to October lows near $3,700. The ETH price rebounded several times from the $4,000 region, showing that buyers defended the level each time selling pressure intensified.
Crypto analyst Ali_charts noted that this pattern could represent a developing reversal setup. “BULL-ive!” he wrote on X, highlighting that institutional accumulation during consolidation often preceded upside breakouts.
Technical readings such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) signaled neutral momentum at press time. The RSI hovered near 50, while MACD histograms flattened after prior declines, suggesting diminishing downside strength.
Analysts said the next directional bias would depend on whether ETH broke above the multi-month resistance near $4,500. A clean breakout could trigger follow-through toward the $5,700 area highlighted by EzyBitcoin. However, a sustained drop below $4,000 could invalidate that outlook and reset the market structure.
Several trading desks reported that futures open interest for ETH had stabilized after weeks of liquidations, indicating reduced leverage risk. Spot-to-derivative ratios also pointed toward cautious optimism rather than aggressive speculation.
Historical October and Q4 patterns strengthen confidence
Ethereum price performance data shows a consistent pattern of strength during October and the fourth quarter (Q4). According to TradingView, ETH delivered positive October returns in seven of the past nine years. The most notable rallies came in 2021 (+42.9%) and 2022 (+18.4%), both following earlier-year corrections. Only two Octobers, 2018 and 2024, ended in mild declines.
The broader Q4 trend has also been favorable. Across the same nine-year period, Ethereum recorded positive Q4 gains in six years, including major surges of +115% in 2017, +86% in 2020, and +33% in 2023. These late-year rebounds often followed weaker summer months and coincided with periods of stronger market liquidity and institutional re-entry.
Analysts noted that such seasonal tendencies, while not predictive in isolation, historically provided supportive conditions for consolidation phases like the one seen around $4,170 in October 2025.
Outlook for Ethereum in the coming weeks
Looking ahead, analysts expected the ETH price to remain range-bound until confirmation from momentum indicators aligned with institutional flows. Many said the setup resembled previous accumulation stages that preceded strong rallies, though confirmation would depend on follow-through above major resistance.
Institutional demand was likely to stay a key factor. Further large-scale acquisitions could strengthen market perception of Ethereum as a preferred network for decentralized compute, storage, and finance applications.
Technical traders planned to monitor the $4,000–$4,500 range for sustained volume support and any break above that upper boundary as a signal of renewed momentum.
At press time, the ETH price continued to consolidate near $4,170, up nearly 9% in 24 hours but still down 8.8% for the week. Analysts said whether the combination of steady institutional inflows and improving technical conditions could eventually propel Ethereum toward the projected $5,700 target remained the key focus in the weeks ahead.