Ethereum (ETH) traded near the $3,930 resistance during the European session, holding steady around $3,951.37 with a 24-hour trading volume of $25.6 billion. The world’s second-largest cryptocurrency carries a market capitalization of $476.9 billion, accounting for roughly 17% of the global crypto market cap, underscoring its dominance in the digital asset space.
Despite edging 0.06% higher in the last 24 hours, ETH remains constrained below a key resistance zone that has capped gains for most of October. Institutional inflows and spot ETF optimism continue to reinforce long-term confidence, but short-term traders are treading carefully as Ethereum’s price coils within a tightening range, a structure that often precedes high-volatility breakouts.
Institutional Adoption Fuels Long-Term Confidence
Despite short-term hesitation, Ethereum’s long-term fundamentals remain solid, driven by institutional adoption and surging ETF inflows. Zach Friedman, Co-founder and CSO at Secure Digital Markets, noted that Ethereum’s next major price phase depends heavily on its growing integration with global finance.
ETH-based ETFs have recorded record inflows, while several major banks now accept Ethereum as loan collateral, marking a significant step toward mainstream financial utility. Over 35.7 million ETH, worth roughly $138 billion, are currently staked, reflecting investor conviction in Ethereum’s deflationary model and high yields.
Friedman also highlighted the rapid expansion of Layer 2 scaling, stablecoin growth, and tokenization as long-term catalysts positioning Ethereum as a cornerstone of institutional portfolios.
Ethereum Price Prediction – Technical Outlook
Ethereum (ETH/USD) is consolidating within a symmetrical triangle, a neutral pattern that often precedes major breakouts. The structure reflects tightening price action between converging trendlines — a clear sign of indecision among traders. ETH currently trades near $3,951, with firm support at $3,865 and resistance around $4,115, forming the key battleground for short-term direction.
The 20-EMA and 50-EMA have flattened near $3,923, signaling reduced volatility but hinting at a potential bullish crossover. The RSI, now around 57, leans slightly positive, indicating gradual accumulation without entering overbought territory. A series of higher lows since mid-October supports the case for an upside move.
Candlestick patterns show multiple spinning tops and Doji candles, reflecting market indecision before expansion. A decisive close above $4,115 could trigger momentum toward $4,298 and $4,550, where Fibonacci resistance aligns. Conversely, a breakdown below $3,865 may expose ETH to $3,712 or $3,510.
Trade Setup:
A breakout above $4,115 offers a long opportunity targeting $4,298–$4,550, with stops below $3,865. A close under $3,865, however, would favor short setups toward $3,510.
In summary, Ethereum’s triangle is nearing resolution. A breakout could validate institutional optimism and reignite the next leg higher, potentially lifting ETH toward $4,550 by early November.
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