Ethereum (ETH) Eyes $4,300 as Whales and Corporate Treasuries Continue to Expand

Core Insights - Ethereum is approaching the critical price level of $4,300, having recorded a 2.2% daily gain on September 30, and finishing Q3 with a 68% return [1] - Historical performance indicates that a strong Q3 close in 2020 led to a 104% surge in Q4, suggesting potential for ETH to exceed $8,000 by year-end if similar patterns occur [1] - Recent price fluctuations show a dip to $3,850 on September 25, followed by a rebound, with analysts noting negative funding rates indicating market bottoms, which are now turning positive, signaling a potential breakout [2] Whale Accumulation and Market Sentiment - Large investors and institutions are accumulating ETH, with a notable transaction on September 30 where a wallet linked to BitMine acquired 25,369 ETH valued at approximately $106.7 million [3] - BitMine's total Ethereum treasury has surpassed 2.65 million tokens, indicating strong institutional interest [3] - Another wallet withdrew 4,985 ETH worth around $21 million from exchange OKX on the same day, further reflecting accumulation trends [3] Future Price Projections - Accumulation by smart investors suggests preparation for a potential price surge, with Bit Digital planning to raise $100 million for Ether purchases and other crypto investments [4] - Market analyst Donald Dean has set a near-term price target of $5,766, identifying $4,300 as a critical "volume shelf" that could lead to further upward movement [4] - If bullish momentum continues, Ethereum may test the $4,300 level soon, potentially leading to a stronger finish in 2025 [5]