Overview
- U.S. spot ETH ETFs logged about $141.6 million in net inflows on Oct. 21, led by Fidelity’s FETH and BlackRock’s ETHA, reversing several days of outflows.
- On-chain data shows Bitmine added 63,539 ETH (roughly $251 million), taking its stash to about 3.30 million ETH—around 2.7%–2.73% of circulating supply—while SharpLink disclosed a 19,271 ETH buy, lifting its treasury to 859,853 ETH.
- ETH trades near $3,850–$4,000 and is testing the $4,093–$4,100 pivot, with analysts watching support at $3,800 and an invalidation risk near $3,700.
- Nik Patel warns a failure to reclaim $4,093 and a weekly close below $3,700 could open a slide toward roughly $2,850, whereas others see upside targets at $4,440 with potential extensions to $5,000–$6,000 if momentum holds.
- Arkham flagged a roughly $654 million transfer from an Ethereum Foundation address to a wallet used for prior sales, and separate social posts alleging a 160,000 ETH Vitalik sale remain unverified, both contributing to heightened liquidation risk.