{"id":36480,"date":"2025-10-06T18:38:17","date_gmt":"2025-10-06T18:38:17","guid":{"rendered":"https:\/\/financialrush.com\/?p=36480"},"modified":"2025-10-06T18:38:17","modified_gmt":"2025-10-06T18:38:17","slug":"3-reasons-why-ethereum-eth-could-hit-a-new-ath-this-uptober","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=36480","title":{"rendered":"3 Reasons Why Ethereum (ETH) Could Hit a New ATH This \u2018Uptober\u2019"},"content":{"rendered":"<p> \n<\/p>\n<p>Ethereum (ETH) has registered a 10% price increase in the past week but remains below its historic peak of almost $5,000.<\/p>\n<p>Three key indicators suggest it may reach and even surpass that milestone in the short term.<\/p>\n<h2 id=\"the-bullish-scenario\">The Bullish Scenario<\/h2>\n<p>The popular X user Ali Martinez <a href=\"https:\/\/x.com\/ali_charts\/status\/1974822127544205430\">revealed<\/a> that whales have acquired 800,000 ETH over the past week. The stash exceeds $3.6 billion, and this cohort of investors now holds 31.17 million tokens, representing 25% of the asset\u2019s circulating supply.<\/p>\n<p>Numerous users commenting on the post argued that a buying wave of this magnitude is rarely random and often signals that smart money is positioning for a potential rally ahead. Others speculated that the whales might \u201cknow something we don\u2019t,\u201d which could explain their recent efforts.<\/p>\n<p>From an economic standpoint, accumulating such a vast amount of tokens reduces the available supply on the open market. When this limited supply meets steady or growing demand, it naturally sets the stage for a potential price surge.<\/p>\n<p>The second factor is the increased interest in spot ETH ETFs. Those products have attracted over $1 billion in capital since the beginning of the month, signaling that institutional investors are steadily increasing their exposure to the asset.<\/p>\n<figure id=\"attachment_1415416\" aria-describedby=\"caption-attachment-1415416\" style=\"width: 1782px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/ETH-Spot-ETFs.png\"><\/a><figcaption id=\"caption-attachment-1415416\" class=\"wp-caption-text\">Spot ETH ETF Inflows, Source: SoSoValue<\/figcaption><\/figure>\n<p>Let\u2019s now take a look at the amount of ETH stored on crypto exchanges. The figure recently plummeted to a nine-year low of around 16.1 million coins, indicating that investors are less likely to cash out and seek profits, and instead move their holdings to self-custody methods. This results in reduced selling pressure.<\/p>\n<figure id=\"attachment_1415414\" aria-describedby=\"caption-attachment-1415414\" style=\"width: 1517px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/ETH-Exchange-Reserves.png\"><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-1415414\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/ETH-Exchange-Reserves.png\" alt=\"ETH Exchange Reserves\" width=\"1517\" height=\"615\" \/><\/a><figcaption id=\"caption-attachment-1415414\" class=\"wp-caption-text\">ETH Exchange Reserves, Source: CryptoQuant<\/figcaption><\/figure>\n<h2 id=\"something-for-the-bears\">Something for the Bears<\/h2>\n<p>Contrary to the overall enthusiasm across the crypto community and the aforementioned factors that suggest ETH might be on the verge of a major pump, some elements are hinting at a possible pullback.<\/p>\n<p>Earlier today (October 6), Ali Martinez <a href=\"https:\/\/x.com\/ali_charts\/status\/1975160859283620109\" target=\"_blank\">claimed<\/a> that the TD Sequential has flashed a sell signal at a key resistance of a little over $4,500. He believes a rejection at that point could be followed by a drop to $4,100 or even $3,780.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/3-reasons-why-ethereum-eth-could-hit-a-new-ath-this-uptober\/\">3 Reasons Why Ethereum (ETH) Could Hit a New ATH This \u2018Uptober\u2019<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n\n<br \/><a href=\"https:\/\/cryptopotato.com\/3-reasons-why-ethereum-eth-could-hit-a-new-ath-this-uptober\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Ethereum (ETH) has registered a 10% price increase in the past week but remains below its historic peak&hellip;\n","protected":false},"author":2,"featured_media":36481,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-36480","post","type-post","status-publish","format-standard","has-post-thumbnail","category-crypto","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/36480","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36480"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/36480\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/36481"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}