- Large Ethereum holders, known as whales, purchased $862 million in ETH within six hours.
- Ten wallets received over 210,000 ETH from major platforms including Kraken and Galaxy Digital.
- Analysts predict possible price surges, with targets of $4,900 and up to $8,000 in the future.
- Technical indicators show a breakout phase for ETH, with short-term projections aiming for $4,500 by late October.
- Market sentiment remains cautious, as current metrics suggest it may not be an ideal time to buy.
Major Ethereum transactions have drawn attention as large holders, often called whales, bought $862 million worth of ETH in a short six-hour window. These purchases took place on September 25, 2025, highlighting continued high activity in the Ethereum market.
According to blockchain analyst group LookonChain, ten wallets acquired over 210,000 ETH from trading and custody firms such as Kraken, Galaxy Digital OTC, BitGo, and FalconX. This significant accumulation followed recent data showing whales “aggressively hunting” for Ethereum.
Investors are assessing the motives behind these moves. Some believe whales could be positioning themselves ahead of potential retail investor action. Technical analyst Javon Marks noted on X that Ethereum is in a breakout and may be entering a retest phase before a possible sharp price increase. Marks stated, “$ETH (ETHEREUM) BREAKS OUT and looks to be only going through another retest phase! These retest phases happened after each major breakout just before prices went PARABOLIC.”
In a separate analysis, Marks pointed to a hidden bullish divergence—a technical signal that can appear before price increases—indicating that Ethereum could target $4,900 in the near term. He also suggested that if this momentum continues, ETH could rise as high as $8,000. CoinCodex, a cryptocurrency data provider, projects Ethereum’s price could reach roughly $4,500 by late October if the positive momentum holds.
Despite these predictions, CoinCodex technical indicators display a bearish sentiment, with a Fear & Greed Index score of 44, signaling fear among market participants. Records also reveal that Ethereum has seen 13 positive trading days out of the past 30, with price volatility at 2.95% for the month.
Ethereum continues to experience strong trading activity, but recent performance and sentiment readings caution investors to evaluate their entry points carefully. For technical details and updates, see CoinCodex’s Ethereum Price Prediction here.
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