Ethereum Latest Updates: Major Institutions Accumulate ETH Holdings as Bulls Eye Ether Surge Beyond $6K
- Ethereum institutions amassed $13B+ ETH treasuries via $251M Kraken/BitGo purchases, signaling bullish long-term conviction despite short-term dips. - Technical analysis highlights $3,670-$3,870 support holding firm, with $6,000-$7,000 breakout potential aligned to 2023-2025 ascending channel patterns. - CME Group reported $9B ether options open interest and record ETH/SOL/XRP futures volume, reflecting U.S. institutional shift from offshore crypto markets. - XRP's $100M+ U.S. ETF debut with 40% hedge fu
As of late October, the ether options market continued to show strong open interest at $15 billion, with institutional investors and analysts closely monitoring significant price thresholds as part of a broader focus on Ethereum’s future value. Despite recent price swings, substantial accumulation by leading firms and technical signals point to the possibility of a breakout toward $6,000 or even $7,000, according to
Short-term market declines have not shaken institutional faith in
Technical indicators also reinforce the positive outlook. Ethereum’s price has found stability above the crucial $3,670 to $3,870 support zone, which now acts as a base for a potential upward move. Should this level remain intact, the asset could challenge $5,600—a 40% increase from current prices—matching the upper edge of a long-term rising channel established since 2023, as also noted in the Coinpedia analysis. Crypto analyst Ali Martinez has raised his short-term target to $4,440, citing a bounce from the lower boundary of a descending parallel channel. Other traders, such as Merlijn, have compared Ethereum’s setup to gold’s rally in 2024, suggesting ETH could follow a similar path to five-figure prices, a view echoed in the Yahoo Finance article.
Institutional demand for regulated crypto derivatives has also grown, with CME Group reporting record open interest of $9 billion in its ether,
Institutional adoption of XRP has further fueled this trend. The first U.S. spot XRP ETF has surpassed $100 million in assets, with hedge funds and family offices accounting for 40% of holdings. CME’s XRP futures have recorded $26.9 billion in notional volume since launching in May, reflecting growing trust in the asset’s utility and regulatory standing, as reported by
Although Ethereum is currently trading at $3,880, both technical and institutional factors suggest a bullish outlook. With critical support levels holding and significant accumulation by major players, the prospect of reaching $6,000 or higher is becoming more likely—especially if favorable macroeconomic and regulatory conditions persist.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XRP News Today: Technical Challenges Stall XRP's $100 Ambitions Amid ETF Postponements and Growing Doubts
- XRP price surged to $2.68 in October amid 147% trading volume spike, but remains fragile above $2.61 support. - Analyst Jake Claver predicts $100 by 2025, citing institutional demand, ETF approvals, and Ripple's Hidden Road acquisition. - Technical analysts warn of volatility, noting declining open interest and bearish RSI trends despite institutional XRP accumulation. - Regulatory delays and Fed rate uncertainty cloud ETF approval timelines, with $6T market cap needed for $100 target. - Market reset to

Federal Authority Versus State Regulations in Kalshi's Legal Case in New York
- KalshiEX sues New York to block state enforcement of its sports-event contracts, claiming federal commodity futures laws preempt state jurisdiction. - The case follows mixed legal outcomes in Nevada, New Jersey, and Maryland, where courts have both granted and denied preliminary injunctions favoring Kalshi. - Legal experts highlight Kalshi's strategy to frame disputes in federal preemption rather than gambling legality, avoiding state-specific regulatory debates. - A favorable ruling could enable nationw

Solana News Update: BlockDAG’s Exchange Listings Depend on Disclosed Agreements and $430M Presale Ahead of Genesis Day
- Leaked documents suggest BlockDAG (BDAG) may list on Kraken and Coinbase, sparking market speculation ahead of its November 26 launch. - The project raised $430M in presale, shipped 20,000 miners, and claims 15,000 TPS capacity via hybrid PoW/DAG architecture. - Analysts compare BDAG to Chainlink and Solana, noting potential liquidity boosts from rumored exchange access and regulatory alignment. - Critics warn of volatility risks, but proponents highlight tangible progress including live analytics and gl

DASH rises 16.99% over the past week as SNAP support and positive analyst outlook boost confidence
- Goldman Sachs reinstated DoorDash (DASH) with a "Buy" rating and $315 price target, citing strategic growth in Deliveroo and strong operational performance. - DASH surged 16.99% in 7 days and 118.3% in 1 month, driven by improved market confidence and $11.895B revenue growth (19.8% 3-year CAGR). - Analysts project $303.04 average target (17.39% upside), while robust liquidity (current ratio 2.07) and drone delivery innovations reinforce competitive positioning. - Divergent valuations emerge: 46 firms rec