Overview

• ETH trades around $4,470, consolidating under the prior all-time high near $4,878.
• Analyst Ted Pillows projects a dip toward $3,700–$3,800 and flags $4,000–$4,200 as key support if $4,500 is not reclaimed, outlining a potential path to $10,000 by early 2026.
• Arkham-linked reports say Bitmine purchased roughly $69 million of ETH via Galaxy Digital, lifting its reported holdings to about 1.949 million tokens.
• Ethereum’s cumulative decentralized exchange volume has surpassed $3.5 trillion, signaling sustained network activity.
• On-chain metrics show the taker buy-sell ratio fell below 1 this week, suggesting softer spot demand and near-term bearish pressure.