In latest Ethereum news, a whale has increased ETH long positions while the price trades near a key resistance area. This activity appears as major companies continue buying Ethereum and banks explore lending supported by crypto. Traders are watching to see if the ETH price can climb toward $4,500 in the coming weeks.
Ethereum (ETH) stays in focus after a well-known trader increased his long positions again. On-chain data shows that wallet 0xc2a3 has a perfect trading record. He expanded his long to 33,270 ETH, worth $131.24 million. He also opened a 4x long on 80 Bitcoin, worth $8.9 million. His total profit has exceeded $15.4 million. This move came as the price bounced near $3,800.
Market watchers say price action could turn if buyers remain active as Ethereum (ETH) price moved back toward the $4,000 to $4,100 area. That zone has slowed gains before, and sell orders remain strong there. Traders want to see a clear push above that line. A break could open the door to a move toward $4,500. If the price fails again, it could drop back to support.
In recent Ethereum news, JPMorgan recently announced that it will allow Ethereum to be used as collateral for loans. The service will be for institutional and high-net-worth clients. The bank plans to begin this collateral service before the end of the year. Additionally, the timeline could change if market conditions shift. The move follows growing demand from clients who want BTC and ETH exposure. More so, lending backed by crypto would give institutions another entry point into the market. Traders say this may bring more liquidity. If that happens, larger market players could become more active. Some believe this could support price growth if demand stays steady. Others note that new lending rules will not remove trading risks.
Price Zones and Market Reaction to Ethereum News
Ethereum (ETH) price has tested the $3,800 area more than once. The consistent testing shows buyers are willing to enter the market during pullbacks. The opposite is also clear. Sellers become active near $4,000. Per the Ethereum news, the latest move higher brought Ethereum back into that tight gap. Analysts say price ranges can act like boundaries. A breakout needs higher volume and interest. Without these, the market may stay sideways. A jump above resistance could attract new long trades.
The same move could force short sellers to exit. This would give even more pressure on the way up. If buyers lose strength again, the asset might fall and test support lines. Traders will watch how fast buyers return if the price dips. Nevertheless, the market would need strong commitment from both retail and institutions for a clean move toward $4,500.
BitMine and SharpLink Extend Steady Accumulation Plans
In more Ethereum news, major firms continue to buy Ethereum (ETH) during price weakness. BitMine Immersion Technologies bought $250 million worth of ETH in the past week. This came after the price fell more than 10% from $4,395. The company believes the long-term outlook is strong. BitMine now holds more than 3.3 million ETH. That is about 2.7% of all circulating supply. The goal is to reach 5%.
Another ETH treasury firm SharpLink Gaming also increased its exposure. The company completed a $76.5 million capital raise on October 17 2025. It then bought 19,271 ETH at an average price of $3,892. Its holdings grew from 840,100 ETH to 859,900 ETH. It holds both standard ETH and staked LsETH. SharpLink earned 458.9 ETH in staking rewards during the same week. Since June 2, 2025, its total staking rewards have reached 5,671 ETH. Notably, both firms continue to add to their reserves. Their activity adds steady demand. Market participants believe that this could help the ecosystem hold support if selling returns.