Ethereum’s Critical Juncture: Navigating the $3.4K-$4.7K Range Amid Institutional Demand

As of October 24, 2025, Ethereum finds itself at a pivotal technical crossroads, with its price action confined within a crucial trading range that could determine its medium-term trajectory. The second-largest cryptocurrency by market capitalization continues to demonstrate resilience, maintaining position near vital institutional demand levels following the broader market recovery. However, this stability remains precarious as ETH oscillates between clearly defined structural support and resistance zones, with liquidity dynamics emerging as the primary catalyst for its next significant directional move. Technical analysis reveals Ether trading within the $4,600-$4,700 supply zone on the upper boundary and the $3,400-$3,500 demand base providing foundational support. The recent failed retest of a previously broken channel support level has now confirmed this technical level's transformation into a new resistance barrier, adding another layer of complexity to Ethereum's price structure. This development suggests that while institutional interest continues to provide a floor for ETH's valuation, overcoming the newly established resistance remains a critical challenge for bullish momentum. Market participants are closely monitoring whether Ethereum can maintain its position above the crucial $3,400-$3,500 demand zone, as a breakdown below this level could invalidate the current bullish setup and potentially trigger a more significant correction. The interplay between institutional accumulation at lower levels and selling pressure at higher price points creates a tension that will likely resolve in a decisive breakout or breakdown in the coming weeks. For long-term Ethereum investors, this consolidation phase represents both a test of the asset's underlying strength and a potential accumulation opportunity, provided the key support levels hold firm against increasing market volatility and macroeconomic pressures affecting the broader digital asset landscape.

Ethereum Price Analysis: Bullish Setup at Risk if ETH Falls Below Key Level

Ether remains range-bound after recent market recovery, clinging to crucial institutional demand levels. The asset oscillates between structural support and resistance zones, with liquidity dynamics likely dictating its next major move.

On daily charts, ETH fluctuates between the $4.6K-$4.7K supply zone and $3.4K-$3.5K demand base. A failed retest of the broken channel support confirms its new resistance role. The 100-day moving average NEAR $4.1K now caps upside, while the 200-day MA at $3.1K looms as final structural defense.

Four-hour charts reveal a developing descending wedge pattern - typically a bullish reversal formation. However, sustained trading below $3.4K could invalidate the setup, potentially triggering a retreat toward the $3.0K confluence area where the 200-day MA intersects historical accumulation.

5 Top Crypto Presales to Watch This Uptober: BlockchainFX ($BFX) Leads the Pack

The cryptocurrency market is entering a phase of heightened activity, with presale projects emerging as focal points for investor interest. Among the contenders, BlockchainFX ($BFX) distinguishes itself through a unique value proposition: Ethereum-based tokens backed by a multi-asset trading platform that distributes USDT rewards to holders.

This model introduces a sustainable yield mechanism rarely seen in early-stage projects. While speculative tokens dominate headlines, BFX's real-world utility and transparent tokenomics position it as a standout in the current cycle.

Other presales including SUBBD, Space Pay, Unstaked, and Lightchain are gaining traction through specialized use cases, yet none match BFX's combination of institutional-grade infrastructure and retail-friendly rewards.

Fundstrat’s Tom Lee Doubles Down on Ethereum Amid Treasury Cooling

Fundstrat’s Tom Lee has reaffirmed his bullish stance on Ethereum, purchasing $1.5 billion worth of ETH despite waning HYPE around digital asset treasuries (DATs). The move follows last weekend’s market crash, which Lee views as a long-term opportunity. BitMine Immersion Technologies mirrored the strategy, accumulating 379,000 ETH worth $1.5 billion in three major transactions.

On-chain data reveals BitMine’s aggressive accumulation, including 202,037 ETH post-liquidation, followed by 104,336 ETH and 72,898 ETH in subsequent days. The firm now holds over 3 million ETH—2.5% of the total supply—valued at $11.7 billion, cementing its position as the largest Ether treasury holder. Lee cautioned that many DATs trade below net asset value, signaling potential bubble risks.

BitMine Accumulates $1.5B in Ethereum Post-Market Sell-Off

BitMine has aggressively expanded its ethereum reserves, acquiring 379,271 ETH worth approximately $1.5 billion following last weekend's market downturn. The purchases were executed in three tranches: 202,037 ETH immediately after the crash, 104,336 ETH on Thursday, and 72,898 ETH on Saturday. On-chain data from Arkham Intelligence and tracking by BMNR Bullz corroborate the transactions, though BitMine has not formally confirmed them.

The company now holds over 3 million ETH, representing 2.5% of the total supply—a $11.7 billion position. BitMine aims to control 5% of circulating Ethereum, having begun accumulation in July 2025 when ETH traded near $2,500. CEO Lee has drawn parallels between Ethereum's potential to surpass Bitcoin and the historical shift from gold to US equities, suggesting a similar paradigm shift in crypto markets.

‘Great Hackers, Terrible Traders’: Exploiters Lose $13M in ETH Panic Selling During Market Crash

Six hacker wallets compounded losses by panic-selling ETH during the October 10 market downturn, only to rebuy at higher prices. The missteps highlight how even technically sophisticated actors can falter under market pressure.

Ethereum's volatility during the crash turned exploiters into victims, with $13 million evaporating through ill-timed trades. The episode underscores the dichotomy between technical prowess and trading discipline in crypto markets.

Tornado Cash Founder Warns of Legal Risks for DeFi Developers Amid DOJ Crackdown

Roman Storm, founder of privacy tool Tornado Cash, has issued a stark warning to open-source developers in the decentralized finance (DeFi) space. His caution comes as his own legal battle with U.S. prosecutors advances, highlighting potential retroactive criminal liability for those building non-custodial financial software.

The Manhattan jury's mixed verdict has sparked intense debate over whether publishing code constitutes operating a money-transmitting business. Storm's pointed question to developers—"How can you be so sure you won't be charged by the DOJ as an MSB for building a non-custodial protocol?"—resonates across crypto circles as regulators escalate scrutiny.

Prosecutors allege Tornado Cash facilitated laundering of over $1 billion, while Storm's defense maintains the protocol's non-custodial nature absolves builders from users' illicit activities. This landmark case could redefine developer accountability in Web3, with chilling implications for innovation in privacy-focused protocols.