{"id":7876,"date":"2025-10-30T05:11:05","date_gmt":"2025-10-30T05:11:05","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/ethereum-eth-prepares-for-last-euphoric-run-as-whales-go-on-135m-buying-spree\/"},"modified":"2025-10-30T05:11:05","modified_gmt":"2025-10-30T05:11:05","slug":"ethereum-eth-prepares-for-last-euphoric-run-as-whales-go-on-135m-buying-spree","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/ethereum-eth-prepares-for-last-euphoric-run-as-whales-go-on-135m-buying-spree\/","title":{"rendered":"Ethereum (ETH) Prepares For \u2018Last Euphoric Run\u2019 As Whales Go On $135M Buying Spree"},"content":{"rendered":"

As the market awaits the Federal Open Market Committee (FOMC) meeting, Ethereum (ETH) is attempting to hold the $4,000 area as support. Despite the volatility, some analysts have predicted that the King of Altcoins may soon start its long-awaited price discovery rally, while whales pour millions into the cryptocurrency.<\/p>\n

Ethereum Price Set For $8,000<\/h2>\n

On Wednesday, Ethereum fell below the $4,000 level once again, falling to a two-day low of $3,926. After a massive Q3 rally, the King of Altcoin has struggled to hold the crucial psychological barrier as support and has been unable to reclaim the $4,200 resistance for most of October.<\/p>\n

Earlier this week, the cryptocurrency retested the key resistance level after surging 7% over the weekend, but retraced on Tuesday alongside the rest of the market. Amid this performance, some analysts suggested that ETH will likely experience more volatility, fueled by the Federal Reserve (Fed)\u2019s interest rate cut announcement.<\/p>\n

Daan Crypto Trades noted<\/a> that ETH\u2019s big test is around its previous cycle highs near the $4,100 level. To the trader, \u201cthis is the level to break and hold if the bulls want to get back to the highs in due time.\u201d On the contrary, a new rejection from this area could send the price to retest $3,800 and turn the level into a major resistance in the larger timeframes.<\/p>\n

Nonetheless, Crypto Yhodda stated<\/a> that Ethereum is \u201cgetting ready for the last euphoric run,\u201d as its performance resembles its 2021 price action, when the altcoin recorded a massive price discovery rally after breaking out of its four-year consolidation.<\/p>\n

Similarly, analyst Crypto Jelle asserted<\/a> that shakeouts at key support levels are expected, adding that the cryptocurrency\u2019s rally \u201cstill looks very promising.\u201d Jelle highlighted an 18-month bullish megaphone formation on Ethereum\u2019s chart, which it broke out of during the Q3 rally.<\/p>\n

The analyst emphasized that ETH is still holding the previous highs and the breakout level as support, suggesting that a \u201chated rally\u201d to the $8,000 target could happen soon.<\/p>\n

Whales Bet Big On ETH<\/h2>\n

Online reports highlighted that large-scale investors have been on a buying spree despite the altcoin\u2019s pullback. As reported by NewsBTC, Santiment data showed that whales added 218,470 ETH in the past week, signaling that major investors are gradually re-entering the market.<\/p>\n

Meanwhile, on-chain analytics platform Lookonchain revealed<\/a> that whales continued to buy ETH over the past 24 hours. Notably, two newly created addresses received a total of 33,948 ETH, worth $135 million, from digital asset prime brokerage FalconX on Wednesday morning.<\/p>\n

According to Lookonchain, the two addresses likely belong to BitMine, the largest Ethereum-based treasury company, which recently unveiled another 27,316 ETH purchase, worth $113 million.<\/p>\n

In a Monday X post, BitMine provided<\/a> its latest holdings update, which now surpasses the $14.2 billion mark. As of October 27, the company holds 3,313,069 ETH, 192\u00a0BTC, an $88 million stake in Eightco Holdings for its \u201cMoonshot\u201d initiative, and unencumbered cash of $305 million.<\/p>\n

A month ago, BitMine revealed it had reached the 2% milestone of its goal to own 5% of Ethereum\u2019s total supply. With the recent purchases, the company has achieved 55% of its goal, currently holding 2.75% of ETH\u2019s supply.<\/p>\n

As of this writing, ETH is trading at $3,990, a 3.5% drop in the daily timeframe.<\/p>\n

\"Ethereum,<\/p>\n","protected":false},"excerpt":{"rendered":"

As the market awaits the Federal Open Market Committee (FOMC) meeting, Ethereum (ETH) is attempting to hold the $4,000 area as support. Despite the volatility, some analysts have predicted that the King of Altcoins may soon start its long-awaited price discovery rally, while whales pour millions into the cryptocurrency. Ethereum Price Set For $8,000 On…<\/p>\n","protected":false},"author":1,"featured_media":7877,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[61],"tags":[114,1088,3862,267,72,138,360,102,1362,105,3863,381,3864],"class_list":["post-7876","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-market-news","tag-crypto-analyst","tag-crypto-bull-run-2025","tag-crypto-market-correctin","tag-crypto-trader","tag-cryptocurrency-market-news","tag-eth","tag-eth-price","tag-ethereum","tag-ethereum-ath","tag-ethusdt","tag-fed-rate-cuts","tag-federal-reserve","tag-fomc-announcement"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/7876","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=7876"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/7876\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/7877"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=7876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=7876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=7876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}