Ethereum Updates Today: Ethereum Sets Stage for Surge as ETFs and Technical Indicators Converge

Ethereum (ETH) seems to be regaining strength as inflows into U.S. spot ETFs pick up again and on-chain data points to increasing investor optimism. Following three consecutive days of outflows,

ETFs saw net inflows totaling $141.6 million on October 21, with Fidelity's FETH and BlackRock's ETHA leading the way, according to a . This shift comes as ETH trades around $3,857, reflecting a 10% decline over the past month but a slight 2.1% recovery in the last week, as reported by . The uptick in ETF inflows, together with a 35.2% jump in 24-hour trading volume to $45.8 billion, may indicate that the market is finding its footing, according to crypto.news.

Large-scale investor activity adds to this perspective. A major whale known as "BitcoinOG(1011)" has opened $140 million in short positions against

, yet Ethereum’s biggest holders are accumulating more. Addresses with over 10,000 ETH increased their collective balance by 150,000 ETH (valued at $588 million) within a day, while the Spent Coins Age Band metric fell by 88%, pointing to greater coin dormancy and less selling pressure, Yahoo Finance noted. Historically, this pattern of whale accumulation and increased coin dormancy often comes before price surges, the Yahoo article mentioned.

Technical analysis also suggests a possible shift. Ethereum’s RSI is at 41.15, which is above oversold levels but still indicates bearish momentum, while the Bollinger Band midline at $4,146 points to price consolidation ahead of a potential breakout, according to crypto.news. Fibonacci retracement levels at $3,986 and $4,281 have repeatedly acted as resistance, but closing above $4,281 could open the door to $4,954, representing a 9% move that could reignite bullish sentiment, Yahoo Finance reported. On the other hand, falling below $3,804 could trigger a further decline toward $3,509, Yahoo warned.

Sentiment in the market is still divided. While Ethereum’s derivatives trading volume jumped 57.3% to $114.2 billion and open interest edged up 0.6% to $43.8 billion, crypto.news pointed out that broader economic factors remain significant. The Federal Reserve’s upcoming rate decision (October 28–29) is crucial, with markets currently expecting a 95% chance of a 25-basis-point cut, according to crypto.news. If the Fed signals a dovish outlook, it could boost liquidity for risk assets like cryptocurrencies, but a more hawkish approach could bring renewed macroeconomic challenges.

At the same time, speculative interest in Ethereum’s future is growing. Perplexity AI projects that Binance Coin (BNB) could reach $1,600 by year-end, citing its deflationary features and expanding use cases.

(SOL) is also the subject of ETF approval rumors, with some analysts forecasting a $500 price by the end of 2025. However, Ethereum’s progress is still limited by its 21% discount from its August high of $4,946, as noted by crypto.news.

The combination of renewed ETF inflows, increased whale holdings, and technical strength suggests Ethereum may be laying the groundwork for a rally. However, significant resistance levels and ongoing macroeconomic uncertainty mean the outlook remains uncertain, Yahoo Finance concluded.