Ethereum Updates Today: Institutional Optimism Meets ETF Withdrawals While Ethereum's Key Support Levels Shape Its Future
- Ethereum's price dropped below $4,000 as "Buddy" sold $600,000 ETH in 3 hours, while ETF outflows reached $93.6M led by BlackRock's ETHA fund. - Institutional buyers like BitMine accumulated 63,539 ETH ($251M) during the dip, expanding their treasury to 3.29M ETH ($13B). - Analysts remain divided: Tom Lee targets $10,000–$12,000 for 2025 citing institutional adoption, while 79% of traders fear prolonged U.S. government shutdown risks. - Market hinges on $3,670–$3,870 support level holding to trigger a po
Ethereum’s price swings and evolving institutional attitudes drew attention as major investors adjusted their strategies. On October 24, Huang Licheng, also known as "Buddy," scaled back his ETH long position by $600,000 within three hours, leaving him with 2,450 ETH, according to
Experts remain split on Ethereum’s short-term outlook. Although ETF outflows and retail selling have pushed ETH under $4,000, BitMine’s Tom Lee and others view the decline as a chance to buy, pointing to increasing institutional interest and supportive macro trends. Lee’s projection of $10,000–$12,000 for 2025 matches other optimistic forecasts, including a $5,600 target for next year if crucial support levels are maintained, according to a
The conflicting market signals underscore ongoing uncertainty.
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.
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