- ETH gains 5% as whales buy 550K ETH; retail investors take profits, supporting Q4 rally potential.
- Remittix (RTX) presale hits $20M; beta wallet launches Sept 15 with cross-border crypto-to-fiat support.
- Low-cap ecosystem play Remittix draws investor attention, offering fast fiat transfers and global utility.
Ethereum is showing signs of a major Q4 rally, with ETH Price climbing as whales quietly accumulate low-cap ecosystem plays.
Analysts suggest that continued buying pressure from large holders could propel ETH Price today toward $6,000, even as retail investors take profits.
With Ethereum News highlighting strong support near $4,100 and renewed momentum indicators, the market is positioning for a potential surge that could redefine the altcoin’s trajectory.
Ethereum whales continue accumulating despite retail profit-taking
Ethereum (ETH) bounced back with a strong 5% gain on Wednesday as whales and institutional investors continued to accumulate despite retail profit-taking.
Large-scale holders, including those owning between 10K and 100K ETH, added 550K ETH to their positions, signaling growing confidence in the altcoin.
Small-scale holders trimmed about 380K ETH, realizing over $4 billion in profits during the recent market dip, according to Santiment data.
The ETH rally coincided with a short squeeze in futures markets, liquidating positions worth over $100 million in just 24 hours.
Ethereum’s recovery follows a period of bearish pressure triggered by higher-than-expected inflation and cautious positioning ahead of Fed Chair Jerome Powell’s speech.
Continued accumulation from digital asset treasuries like BitMine Immersion and SharpLink Gaming further supported Ethereum price prediction stability, with these firms collectively buying 520K ETH last week.
Technical indicators suggest bullish momentum is resuming. The Relative Strength Index (RSI) and Stochastic Oscillator have moved back above neutral levels, while bulls defend support near $4,100.
A successful climb above $4,500 could test all-time highs near $4,868, setting the stage for another major breakout.
Analysts argue that Ethereum price prediction could enter Q4 with strong upside potential, with ecosystem plays and low-cap altcoins attracting…