Key takeaways:
Ether’s price tests $4,000 as a highly successful trader expects further gains in the ETH price.
Traders say ETH is poised for an upside move, citing strong technicals and a declining balance on exchanges.
Ether ( ETH ) held strong in its rebound to $4,000 on Friday as a smart trader increased their ETH upside bet.
Top trader opens new ETH long position
Data from Cointelegraph Markets Pro and TradingView showed the ETH/USD pair trading at $3,940, after hitting an intraday high of $4,025 on Friday.
Related: ARK Invest-backed firm becomes largest ETH hoarder outside the US
Reaching this key level, ETH/USD offered cause for optimism ahead of some key volatility triggers.
“To get things going again, you’d want to break back above $4.1K, which has been the cycle high for a long time,” said trader Daab Crypto Trades, adding :
“This is a key area to get back above to turn this recent flush into a big deviation. Possibly followed by a real breakout after.”
The Consumer Price Index (CPI) report for September, the first major data release since the US government shutdown at the beginning of this month, is expected to be published on Friday .
The inflation data is expected to be high at 3.1% but it is unlikely to stop momentum for Fed rate cuts, whose odds stand at over 94%, according to the CME Fedwatch tool.
As market participants waited for triggers, attention shifted to an unknown trader with a 100% win rate after they increased their long position in Ethereum to 33,270 ETH, which is worth about $131.24 million at the current rates.
Smart trader 0xc2a3, with a 100% win rate, has increased his $ETH long position to 33,270 $ETH ($131.24M).
— Lookonchain (@lookonchain) October 24, 2025
He also opened a 4x long on 80 $BTC ($8.9M).
His total profit has now surpassed $15.4M. https://t.co/XzFH3jrgx2 pic.twitter.com/QnP0ZBSG0d
The trader also opened a 4X long on 80 BTC, valued at $8.9 million, with an entry price of $110,900 per Bitcoin.
“In the past 2 weeks, he’s already pocketed $16M in profit,” said X user Discover, referring to the trader’s winning streak, adding:
“Looks like he’s betting big on the next Ethereum pump.”
As Cointelegraph reported , mega whales (10,000–100,000 ETH) are showing signs of accumulation at current prices, increasing the chances of Ether’s breakout above $4,000.
Bullish ETH price predictions emerge
Bullish traders are increasing their calls for higher Ether prices as $4,000 becomes the line in the sand.
Master of Crypto, pointing to Ether’s declining supply on exchanges, said that a supply squeeze could soon trigger an explosive move in ETH price.
“More and more ETH is leaving exchanges every day. Exchange reserves just hit their lowest level in years,” he said in a Friday X post, adding:
“People are holding, not selling. When this happens, prices usually explode.”
Fellow analyst Crypto Zee agreed that Ether was poised to move higher, as its price formed a “textbook continuation” structure.
“Look for a steady climb through the $4,250 resistance, followed by the primary goal, the $4,750 Demand Zone,” he wrote on Friday.
For Jelle, Ether’s upside target remains $10,000 as long as “we hold those previous highs.”
$ETH is doing what it does best; making things look disgusting while also holding the key levels.
— Jelle (@CryptoJelleNL) October 24, 2025
So long as we hold those previous highs, it's a matter of time until this coin finally enters price discovery.
Target remains $10k. pic.twitter.com/prcEJ5zGCp
As Cointelegraph reported , Ethereum’s MVRV data and a bull flag breakout aligned to signal renewed upside momentum for ETH toward $4,500 by the end of October.
