{"id":102550,"date":"2025-10-06T18:15:53","date_gmt":"2025-10-06T18:15:53","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=102550"},"modified":"2025-10-06T18:15:53","modified_gmt":"2025-10-06T18:15:53","slug":"3-reasons-why-ethereum-eth-could-hit-a-new-ath-this-uptober","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=102550","title":{"rendered":"3 Reasons Why Ethereum (ETH) Could Hit a New ATH This \u2018Uptober\u2019"},"content":{"rendered":"

Ethereum (ETH) has registered a 10% price increase in the past week but remains below its historic peak of almost $5,000.<\/p>\n

Three key indicators suggest it may reach and even surpass that milestone in the short term.<\/p>\n

The Bullish Scenario<\/h2>\n

The popular X user Ali Martinez 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

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

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

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

<\/a>Spot ETH ETF Inflows, Source: SoSoValue<\/p>\n

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

<\/a>ETH Exchange Reserves, Source: CryptoQuant<\/p>\n

Something for the Bears<\/h2>\n

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

Earlier today (October 6), Ali Martinez 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

The post 3 Reasons Why Ethereum (ETH) Could Hit a New ATH This \u2018Uptober\u2019<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum (ETH) has registered a 10% price increase in the past week but remains below its historic peak of almost $5,000. Three key indicators suggest it may reach and even surpass that milestone in the short term. The Bullish Scenario The popular X user Ali Martinez revealed that whales have acquired 800,000 ETH over the […]<\/p>\n","protected":false},"author":0,"featured_media":102551,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-102550","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/102550"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=102550"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/102550\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/102551"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=102550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=102550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=102550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}