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2d ago

Ethereum Tests $4,100 as Bitmine Buy and ETF Inflows Revive Bull Case

Market focus shifts to a decisive reclaim of resistance that would confirm the bullish setup.

Ethereum price outlook improves as u.s. spot eth etf inflows resume
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Overview

  • On-chain data shows Bitmine added 63,539 ETH worth about $251.6 million, lifting its holdings to roughly 3.3 million ETH, or about 2.7% of the circulating supply.
  • U.S. spot Ethereum ETFs recorded $141.6 million in net inflows on Oct. 21, led by Fidelity and BlackRock, reversing several days of redemptions.
  • ETH is trading around the $3,800–$4,100 band and testing key resistance near $4,100, with technical targets cited around $4,440 to $5,000 if momentum strengthens.
  • SharpLink disclosed a 19,271 ETH purchase at an average of $3,892, bringing its treasury to 859,853 ETH valued at roughly $3.5 billion.
  • Analyst Nik Patel flags $4,093 and $3,700 as pivotal levels, warning that failure to reclaim or hold them could open downside toward approximately $2,850.