Ethereum Updates Today: Institutional Optimism Meets ETF Withdrawals While Ethereum's Key Support Levels Shape Its Future

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Bitget-RWA2025/10/26 10:08

By:Bitget-RWA

- Ethereum's price dropped below $4,000 as "Buddy" sold $600,000 ETH in 3 hours, while ETF outflows reached $93.6M led by BlackRock's ETHA fund. - Institutional buyers like BitMine accumulated 63,539 ETH ($251M) during the dip, expanding their treasury to 3.29M ETH ($13B). - Analysts remain divided: Tom Lee targets $10,000–$12,000 for 2025 citing institutional adoption, while 79% of traders fear prolonged U.S. government shutdown risks. - Market hinges on $3,670–$3,870 support level holding to trigger a po

Ethereum’s price swings and evolving institutional attitudes drew attention as major investors adjusted their strategies. On October 24, Huang Licheng, also known as "Buddy," scaled back his ETH long position by $600,000 within three hours, leaving him with 2,450 ETH, according to

Lookonchain data

. This action came after a broader market downturn, with

Ethereum

ETFs seeing $93.6 million withdrawn on October 23. BlackRock’s ETHA fund led the outflows, losing $100.99 million, as highlighted in a

TradingView report

. Despite these withdrawals, institutional players such as BitMine kept buying, acquiring 63,539 ETH ($251 million) on October 21 during a 5% price dip, which brought its total holdings to 3.29 million ETH ($13 billion), based on

Experts remain split on Ethereum’s short-term outlook. Although ETF outflows and retail selling have pushed ETH under $4,000, BitMine’s Tom Lee and others view the decline as a chance to buy, pointing to increasing institutional interest and supportive macro trends. Lee’s projection of $10,000–$12,000 for 2025 matches other optimistic forecasts, including a $5,600 target for next year if crucial support levels are maintained, according to a

TradingView forecast

. At the same time, major ETH holders have started accumulating again after selling off 1.36 million ETH in early October—a pattern that has previously preceded extended rallies.

Ethereum Updates Today: Institutional Optimism Meets ETF Withdrawals While Ethereum's Key Support Levels Shape Its Future image 0

The conflicting market signals underscore ongoing uncertainty.

Bitcoin

ETFs attracted $90.6 million in new investments on October 23, while Ethereum’s ETF outflows reduced its net assets to $26.39 billion, or 5.55% of its total market value, according to the TradingView report. Institutional optimism stands in contrast to retail hesitation, with 79% of traders expecting the U.S. government shutdown to last until November 5, 2025, increasing macroeconomic risks, the same report notes. For now, Ethereum’s direction depends on whether the $3,670–$3,870 support range can hold—a key level that could spark a rally toward $5,600, as projected in the TradingView forecast.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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