Overview
- ETH trades near $3,860 after October consolidation, holding a tight $3,800–$3,900 range on weekly bullish signals.
- Spot Ethereum ETFs took in about $114 million last week and have amassed roughly $14.3 billion since launch, according to SoSoValue.
- On‑chain data show exchange reserves near 15.6 million ETH and about 35.7 million staked, pointing to a tighter circulating float.
- Liquidity heatmaps highlight heavy resistance around $3,900–$4,200 and a potential sweep toward ~$3,750 before any rebound, per analyst Ted Pillows using Coinglass data.
- Funding remains positive with futures open interest above $45 billion, treasuries logged a 550,000 ETH October net inflow, and analysts say a break above roughly $4,600 could set up targets near $5,000–$6,500.