Key Takeaways
- •Ether's price is testing the $4,000 mark, with a highly successful trader anticipating further gains.
- •Traders are observing strong technical indicators and a declining balance on exchanges, suggesting ETH is poised for an upside move.
Ether Rebounds to $4,000 Amidst Trader Optimism
Ether (ETH) demonstrated strength in its rebound, reaching $4,000 on Friday, as a prominent trader significantly increased their ETH upside bet. Data from Cointelegraph Markets Pro and TradingView indicated that the ETH/USD pair was trading at $3,940, after achieving an intraday high of $4,025 on Friday. This resurgence to a key level offers a measure of optimism ahead of significant market volatility triggers.
Trader Daab Crypto Trades commented on the situation, stating, "To get things going again, you’d want to break back above $4.1K, which has been the cycle high for a long time." He added, "This is a key area to get back above to turn this recent flush into a big deviation. Possibly followed by a real breakout after."
The upcoming release of the Consumer Price Index (CPI) report for September is a focal point for market participants. This report, the first major data release since the US government shutdown earlier in the month, is expected on Friday. While the inflation data is projected to be high at 3.1%, it is unlikely to deter momentum for Federal Reserve rate cuts, with odds standing at over 94%, according to the CME Fedwatch tool.
'Smart Trader' Whale Increases ETH Long Position
Amidst anticipation for market triggers, attention has shifted to an anonymous trader with a reported 100% win rate. This trader has reportedly increased their long position in Ethereum to 33,270 ETH, a stake valued at approximately $131.24 million at current rates. This significant move was highlighted by Lookonchain, which noted the trader's substantial ETH holdings and an additional 4x long position on 80 BTC, valued at $8.9 million.
Smart trader 0xc2a3, with a 100% win rate, has increased his $ETH long position to 33,270 $ETH($131.24M).
— Lookonchain (@lookonchain) October 24, 2025
He also opened a 4x long on 80 $BTC($8.9M).
His total profit has now surpassed $15.4M. https://t.co/XzFH3jrgx2 pic.twitter.com/QnP0ZBSG0d
The trader's Bitcoin position features an entry price of $110,900 per Bitcoin. X user Discover, referencing the trader's impressive track record, stated, "In the past 2 weeks, he’s already pocketed $16M in profit. Looks like he’s betting big on the next Ethereum pump."
Previous reports indicated that mega whales, holding between 10,000 and 100,000 ETH, are showing signs of accumulation at current price levels. This trend increases the probability of Ether breaking above the $4,000 resistance.
Bullish ETH Price Predictions Emerge
As Ether approaches the $4,000 level, bullish sentiment among traders is growing, with many forecasting higher prices. Master of Crypto highlighted a declining supply of Ether on exchanges, suggesting that a potential supply squeeze could lead to an explosive price move. "More and more ETH is leaving exchanges every day. Exchange reserves just hit their lowest level in years," he stated in a Friday X post. "People are holding, not selling. When this happens, prices usually explode."
Analyst Crypto Zee echoed this optimistic outlook, observing that Ether's price action has formed a "textbook continuation" structure, indicating a potential upward trajectory. He advised, "Look for a steady climb through the $4,250 resistance, followed by the primary goal, the $4,750 Demand Zone."
Furthermore, trader Jelle maintains a long-term target of $10,000 for Ether, provided that key previous highs are sustained. "So long as we hold those previous highs, it's a matter of time until this coin finally enters price discovery," he noted.
$ETH is doing what it does best; making things look disgusting while also holding the key levels.
— Jelle (@CryptoJelleNL) October 24, 2025
So long as we hold those previous highs, it's a matter of time until this coin finally enters price discovery.
Target remains $10k. pic.twitter.com/prcEJ5zGCp
Previous analyses suggested that Ethereum's MVRV data, combined with a bull flag breakout, pointed towards renewed upside momentum for ETH, potentially targeting $4,500 by the end of October.