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    Home»Crypto News»Ethereum»Hovering Above $4,160 with Key Resistance at $4,240 Level
    Hovering Above $4,160 with Key Resistance at $4,240 Level
    Ethereum

    Hovering Above $4,160 with Key Resistance at $4,240 Level

    October 1, 20254 Mins Read
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    TLDR

    • Ethereum has received $547 million in inflows to spot Ether ETFs, showing strong institutional demand
    • Companies like BitMine Immersion have purchased over $10.6 billion worth of ETH as a reserve asset
    • ETH price currently around $4,107.20 with predictions of reaching $4,527.07 by October 5, 2025
    • Technical indicators show mixed signals with RSI at 39.46 indicating oversold territory
    • Price is trading above $4,160 and the 100-hourly Simple Moving Average with key resistance at $4,240

    Ethereum’s price has been gaining momentum in recent days despite broader market hesitation. Currently, the second-largest cryptocurrency is seeing major institutional investment flowing into the market, helping to stabilize its value during general market uncertainty.

    Spot Ether ETFs have attracted approximately $547 million in inflows. This substantial investment indicates strong confidence from institutional investors who appear to be positioning themselves for long-term gains in the Ethereum ecosystem.

    The price currently sits around $4,107, showing resilience in a fluctuating market. Though down slightly by 0.19%, ETH has maintained its position above the crucial $4,100 support level.

    Ethereum Price on CoinGecko

    On-chain activity shows interesting developments in ETH reserves. According to data from StrategicETHreserve.xyz, Staking Ether Reserve (SER) entities currently hold 5.49 million ETH across 68 participants, representing about 4.54% of the total supply.

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    ETF reserves contain even more of the cryptocurrency, with approximately 6.62 million ETH and daily flows of 5.47% of the supply. This distribution highlights the growing institutional presence in the Ethereum market.

    Corporate Accumulation Strategy

    Corporate interest in Ethereum continues to grow substantially. BitMine Immersion recently purchased 234,800 ETH, worth approximately $10.6 billion. This massive acquisition represents a clear trend of companies using Ethereum as a reserve asset in their corporate treasuries.

    This type of corporate accumulation suggests that businesses are diversifying their portfolios and see long-term value in holding ETH rather than traditional assets. The move mirrors similar strategies previously seen with Bitcoin adoption by major corporations.

    Trading data reveals mixed technical indicators. The RSI (Relative Strength Index) stands at 39.46, placing ETH in somewhat oversold territory. Other metrics like Fisher (-2.16/-2.43) and Momentum (10, close) at -32.00 point toward current bearish pressure.

    However, price chart analysis shows ETH is trading above both $4,160 and the 100-hourly Simple Moving Average. A bullish trend line has formed with support near $4,120 on the hourly chart.

    Price Predictions and Resistance Levels

    Short-term price projections appear optimistic. While ETH traded at $4,107.20 on October 1, analysts predict it could reach $4,527.07 by October 5, 2025, representing a potential return on investment of 9.96%.

    The path upward faces resistance at several key levels. The $4,200 mark represents the first hurdle, followed by stronger resistance at $4,240. Breaking through these levels could open the door to the $4,280 region.

    If ETH successfully breaks above $4,320, traders believe it could continue climbing toward $4,450 or even $4,500 in the near term. This would represent a substantial recovery from recent price action.

    On the downside, support levels are established at $4,120, aligned with the current trend line. If this level fails to hold, the next major support sits near $4,095, with further support at $4,020 if selling pressure increases.

    Hourly MACD indicators show growing momentum in the bullish zone, while the hourly RSI remains above 50, providing some confidence for short-term traders looking for upward movement.

    The current market dynamics also feature significant short positions. Nearly $1 billion in short positions could face liquidation if ETH reaches $4,480, potentially triggering a sharp upward price movement due to short squeeze dynamics.

    For investors watching the market, ETH’s price consolidation above $4,160 presents an opportunity as it prepares for a potential move higher. The key will be whether bulls can push past the $4,240 resistance level in the coming days.

    Trading volume remains healthy at $36.96 billion, providing adequate liquidity for price movements in either direction as market participants position themselves for ETH’s next move.

    The most recent data shows Ethereum continuing its recovery wave, having bounced from the $4,095 level. With institutional investment providing a solid foundation, the short-term outlook remains cautiously positive as ETH approaches key resistance levels.



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