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Ethereum Cryptonews

Ethereum Price Prediction: Are Bulls Getting Ready to Push the ETH Price Higher?

Ethereum (ETH) is back in the spotlight as it consolidates around $4,640 after a strong move up from its base at $4,070 in early September. The second-largest cryptocurrency has gained over 13% in two weeks and is now wi...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Ethereum Price Prediction: Are Bulls Getting Ready to Push the ETH Price Higher?

Ethereum (ETH) is back in the spotlight as it consolidates around $4,640 after a strong move up from its base at $4,070 in early September. The second-largest cryptocurrency has gained over 13% in two weeks and is now within striking distance of the $5,000 psychological level.

At the time of writing, ETH is trading at $4,639 with a market capitalization of $559.9 billion and a daily trading volume of $27.9 billion.

Supply Squeeze Fuels ETH Optimism

One of the most significant bullish factors for Ethereum is its supply squeeze. Exchange reserves have dropped to 18.8 million ETH, the lowest level since 2016, and staking activity has surged, with over 36 million ETH (approximately 30% of the supply) now staked.

ETH is leaving EXCHANGES at the fastest pace ever!

Reserves just plunged to 17.2M ETH!

~25M in 2023
Down 30%+ in

Why this matters

This ethereum story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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