- Ethereum shows bullish divergences with analysts targeting a 40% rise toward the $8,557.68 level.
- Institutional investors staked 394,000 ETH worth $1.37B, signaling renewed long-term confidence.
- Ethereum holds above $3,300 support, maintaining higher lows and strong market participation.
After meeting and briefly breaking above a key technical level at $4,811.71, Ethereum retraced, correcting and using that price as a light resistance area. Lower timeframe readings have shown bullish divergences that indicate a potential return to this level. Analysts expect a possible 40% upward move back toward and above $4,811.71, which could then bring the $8,557.68 target into play and lift the wider altcoin market.
Ethereum Maintains Uptrend with Bullish Divergences
According to Javon Marks, Ethereum’s lower timeframe data has displayed developing bullish divergences, suggesting the start of a strong recovery phase. The chart shows a breakout from a descending trendline that dated back to 2022, followed by consistent higher lows and expanding momentum.
After surpassing $4,811.71 briefly, Ethereum corrected but held above the $3,000 support zone, maintaining a firm bullish structure. At the time of writing, Ethereum traded near $3,408.94, marking a 4.7% daily gain, as reported by CoinMarketCap. The market capitalization reached $411.44 billion, and trading volume stood at $38.12 billion within 24 hours.
A confirmed breakout above $4,811.71 could open the path toward $8,557.68, aligning with historical resistance levels. Volume accumulation has been still strong, which could indicate a steady participation of investors and a rise in investor confidence in Ethereum price structure.
Institutional Accumulation Strengthens Market Confidence
According to Lookonchain, institutional investors staked over 394,000 ETH, valued at about $1.37 billion, within three days. This accumulation pattern is similar to previous cycle bottoms which could mean that large holders are positioning for possible long-term gains. Such activity has reinforced confidence across the broader crypto sector and reflected sustained optimism in Ethereum’s growth outlook.
SharpLink Gaming CIO Matt Sheffield stated that the October 10 liquidation event was among the largest deleveraging phases in crypto history. “Once forced selling ends, markets tend to rebound quickly, as seen after the FTX collapse,” Sheffield explained. Chairman Joseph Lubin added that improving macroeconomic conditions and easing interest rates could strengthen Ethereum’s recovery.
Ethereum continues to have a steady upward trajectory with consistent higher lows, consolidating above $3,300 and shifts toward increasing institutional attention as well. A move above $4,811.71 could accelerate momentum toward $8,557.68, reaffirming Ethereum’s leadership in the next altcoin cycle.
