Ethereum Price Gears for Macro Breakout to $10K, As ETH Whale Activity Hits Records

BNB Chain strengthened its position in tokenized equities as Binance Wallet added access to new pre-IPO campaigns. The product lets eligible users obtain indirect exposure to private companies before potential public listings.

The rollout came as tokenized-stock holders reached about 4.1 million across blockchains. BNB Chain led with roughly 1.7 million holders and about $1 billion in tokenized-stock market capitalization.

When Will the Ethereum Price Be Ready for A $10K Breakout?

Popular analyst Crypto Patel stated that Ethereum (ETH) is preparing for a major breakout, with $4,892 identified as the key resistance level. According to the analyst, a sustained move above $4,892 could open the way toward the $10,000–$15,000 range as a higher-timeframe target. “The accumulation is done. Now comes the expansion,” Patel said.

Popular analyst Trader Tardigrade stated that Ethereum price gave a breakout from the cup and handle pattern. The analyst explained that a High Handle forms near the top of the cup, typically within the upper 10%–20% of the structure.

The analyst added that the pattern shows persistent buyer demand and limited selling pressure. He added that the breakout with the higher candle formation would be more pronounced with bears eventually losing control during the consolidation period. Considering the depth of the cup, as in the image below, ETH could easily surge another 1000 points from here.

Ethereum Price Surpasses $2.5K As Whale Activity Pumps

On Friday, September 18, Ethereum price climbed all the way to $2.63K, reaching its highest market value since January. The move came alongside an increase in whale transactions, indicating greater activity among large ETH holders as the cryptocurrency moved higher.

Ethereum’s holder base has also expanded, with the network reaching a record 207.17 million non-empty wallets, as per the Santiment report. On the other hand, staking remains a major source of long-term ETH demand, with over 40 million ETH currently staked. Meanwhile, pooled staking allows smaller holders to participate in staking without operating their own validators.

The Santiment report also states that Ethereum’s DeFi ecosystem continues to support the network utility. It has nearly $50 billion in DeFi TVL across stablecoins, lending, decentralized exchanges, and liquid-staking markets.

Ethereum ETF Inflows End Three-Day Withdrawal Streak

U.S. spot Ethereum ETFs returned to positive flows on Sept. 18. Farside Investors reported $143.7 million in combined net inflows during the session.

BlackRock’s ETHA led with $114.3 million. Fidelity’s FETH followed with $26.2 million, while Bitwise’s ETHW added $1.3 million. VanEck’s ETHV recorded another $1.9 million.

The inflows ended three consecutive withdrawal sessions. Ethereum ETFs lost $142 million on Sept. 15 and $224.1 million on Sept. 16. They recorded another $39.3 million outflow on Sept. 17.

Those sessions produced $405.4 million in combined withdrawals. Friday’s $143.7 million inflow recovered about 35% of that amount. Cumulative net inflows across the U.S. Ethereum ETF complex stood at roughly $13.28 billion through Sept. 18.

The renewed inflows supported the improved short-term market backdrop. They do not confirm that institutional demand will remain positive.

For Ethereum price, the nearer technical test remains maintaining the breakout above $2,600. Trader Tardigrade’s cup-and-handle structure places roughly $3,600 in focus. Patel’s $4,892 resistance remains a higher hurdle before his larger $10,000 thesis becomes relevant.

This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency investments involve risk, and past performance does not guarantee future results. Readers should conduct their own research before making investment decisions.