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\n\t\t\t\t\t\t\t\t\tEthereum’s Q4 outlook remains bullish after the first meaningful correction since April lows.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Ethereum briefly fell below $3,840 last week as part of a broad slump across the crypto sector. The asset has since bounced back and is trading near $4,110 after rising by 2.43% over the past day.<\/p>\n
Experts say shorting Ethereum now is reckless.<\/p>\n
In his latest post on X, analyst Mr. Wall Street said<\/a> that Ethereum is currently in an extremely bullish setup, and added that recent bearish noise could, in fact, help in fueling a major rally.<\/p>\n According to his analysis, ETH is set to target $7,000-$8,000 in Q4. He explained that this pullback is the first meaningful correction since the $1,500 lows in April, with a healthy 20% decline serving as a necessary reset before further upside. Mr. Wall Street also pointed out that tens of billions in liquidations occurred above previous bull market all-time highs, and believes that shorting Ethereum in this environment would be a mistake.<\/p>\n Meanwhile, crypto analyst Degen Hardy said<\/a> that bears are on precarious ground if ETH surges to $4,200. According to his analysis, more than $40 billion in liquidations sit just above current levels, which is primed to be triggered in a sharp rally. Hardy highlighted the market\u2019s tension and questioned whether the cryptocurrency will first test lower support levels or surge straight through resistance. The implication is clear: shorts face significant risk, and any decisive upward move could spark cascading liquidations. Such a pattern sets the stage for potentially explosive momentum.<\/p>\n According to Lookonchain data, whale activity in Ethereum remained strong despite recent market volatility. Last week, 16 wallets collectively received 431,018 ETH, which is approximately worth $1.73 billion, from major platforms including Kraken, Galaxy Digital, BitGo, FalconX, and OKX.<\/p>\n More recently, a fresh wallet moved 3,884 ETH, valued at around $15.57 million, from OKX. Another whale wallet, which sold 1,857 ETH ($4.18 million) five months ago at $2,251, repurchased 1,501 ETH ($6.17 million) on Monday at $4,114, which indicated<\/a> a willingness to buy even at higher price levels.<\/p>\n As reported<\/a> by CryptoPotato<\/em> earlier, Ethereum accumulator addresses saw a historic inflow of nearly 400,000 ETH on September 24th, following a record 1.2 million ETH accumulation less than a week earlier, according to CryptoQuant. These no-sell wallets have made multiple purchases without any withdrawals.<\/p>\n Such moves, hence, point to strong long-term holder activity, potentially from institutional players or ETH ETF-linked entities. The inflows occurred amid a steep market sell-off driven by macroeconomic concerns.<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\nYou may also like:<\/h3>\n
Ethereum\u2019s No-Sell Wallets Swell<\/h2>\n
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