Please participate telegram A channel that stays up to date to break news coverage
Ethereum prices have increased 2.4% over the last 24 hours, up 41% at $36.2 billion, trading at $4,186 as of 4:05am on EST.
This is rated as a “discount to the future” as Bitmine Chairman Tom Lee says that Eth is rated as “discount to the future” as Wall Street and AI companies are set to adopt future blockchains and push tokens higher.
“We continue to believe that Ethereum will be one of the biggest macro transactions for the next 10-15 years,” Lee said. I said. “If Wall Street and AI move to blockchain, it should lead to greater changes in today’s financial system. The majority of this is happening in Ethereum.”
Lee’s words announced its holdings are 2.65 million ether worth $11.6 billion, as Bitmine announced Monday.
Bitmine currently holds 2.65m ETH ($1.1 billion). This is the world’s largest Ministry of Finance.
Chairman Tom Lee: “ETH is trading at a discount to the future,” as Wall Street + AI adoption accelerates.
Bit Digital will see a $100 million salary increase to accumulate more ETH. pic.twitter.com/d7wq5gfvht
– Jessica Gonzalez (@lil_disurdurtor) September 30, 2025
The ETH treasury company is currently sitting in an Ethereum storehouse worth $15.8 billion. Coingecko data. This represents just under 10% of Ethereum’s total supply.
Can ETH prices continue to skyrocket as accumulation gains traction?
Ethereum price recovery attempt: Can the Bulls regain control?
ETH Price It is currently trading around $4,186 after bounces back from its recent lows. The broader trend since mid-summer has been bullish, with strong gatherings with ETH over $4,900 before retreating.
This retracement found support around the 0.382 Fibonacci level, close to $3,909.
The ETH is located in a short-term upward channel (dashed trend line), suggesting that recent DIP may have been a corrective movement within a wider bullish structure.
However, ETH prices are trading just below the 50-day Simple Moving Average (SMA) ($4,399) and serve as an immediate resistance. A critical breakout beyond this level could confirm new bullish momentum.
On the other hand, the relative strength index (RSI) is 46. This suggests that Ethereum will not be acquired or sold too much, leaving room for change in momentum in either direction depending on future price actions.
According to Fibonacci’s retracement level, $4,304 (0.236) is immediate resistance, while $3,909 (0.382) serves as the closest support.
A breakdown below $3,909 could expose ETH to a deep pullback of $3,589 (0.5 retracement). On the back, breakouts over $4,304 allow you to set up a stage that pushes again towards the $4,900 zone.
If Ethereum can break and maintain it beyond the $4,304-4,400 zone, momentum could support the Bulls and potentially send the price to the $4,900 region.
Meanwhile, if you fail to clear the 50-day SMA and fall below $3,909, you could trigger more downsides towards a support range of between $3,600 and $3,270.
According to analyst Ali Martinez, ETH could still plummet to $2,400.
Is it strange to think of Ethereum? $ eth Can it fall to $2,400? pic.twitter.com/nbpodywd4g
– Ali (@ali_charts) September 30, 2025
Related News:
Best Wallets – Diversify your crypto portfolio
- Easy to use, functionally driven crypto wallet
- Get early access to future token ICOs
- Multi-chain, Multi-wallet, Non-Antiquity
- Currently, the App Store and Google Play
- Stakes to earn Native Tokens
- Over 250,000 monthly active users
Please participate telegram A channel that stays up to date to break news coverage