Ethereum

<p style="text-align: justify">Ethereum’s price saw a significant recovery as it climbed back above the psychological mark of $4,000 on September 25, after previously declining below this level for the first time in 50 days on September 24. The <a href="https://en.coin-turk.com/bitcoin-soars-as-nvidia-shares-plummet-impacting-mining-firms/" rel="noopener noreferrer nofollow">cryptocurrency</a> witnessed a daily increase of 2.2%, trading at $4,013, despite the generally weak liquidity over the weekend. This upward momentum stemmed from on-chain Blockchain activity, signaling a partial restoration of investor confidence following a short-lived downturn.</p>
<h2 id="staking-and-etf-inflows-bolster-ethereum">Staking and ETF Inflows Bolster Ethereum</h2>
<p style="text-align: justify">Within the Ethereum network, a total of 2,589 ETH were staked in contracts within a 24-hour period. According to Beaconcha.in data, the total amount staked surged to 35.7 million ETH, equivalent to roughly $11 million at current prices. These contributions helped mitigate the pressure of sales in the market, balancing the sharp liquidations witnessed on Friday with increased demand from the staking sector.</p>
<p><img loading="lazy" src="https://coin-turk.com/wp-content/uploads/2025/09/2x-BitMine-ETF.png" alt="" width="1114" height="534"></p>
<p style="text-align: justify">Significant developments also occurred on the institutional front. Bloomberg ETF analyst Eric Balchunas reported that T. Rex’s 2x BitMine ETF (BMNU) attracted an inflow of $32 million on its first day of trading. This performance was recorded as one of the top three best first-day results among all ETFs approved in the US in 2025. Although the price had retreated from its August peak of $4,953, interest in the ETF has made it easier for Ethereum to hold at crucial support levels.</p>
<h2 id="crucial-levels-for-eth-price">Crucial Levels for ETH Price</h2>
<p style="text-align: justify">Ethereum’s recovery above $4,000 marks a significant technical threshold. However, the emerging rising wedge formation since the start of September adds short-term risk. If this formation is broken, there is potential for the price to retreat as low as $3,200. Nonetheless, the Relative Strength Index (RSI), currently at 38, suggests that the cryptocurrency is nearing oversold territory and speculative buying could be triggered.</p>
<p style="text-align: justify">The expansion of Bollinger Bands also indicates an increase in volatility. Presently, Ethereum is trading near the lower band at approximately $3,916. This level stands out as a critical support, with upward movements possibly driving the price to $4,373, and subsequently to $4,500. Conversely, a decline below $3,916 could introduce the risk of a further drop to $3,500 and then to $3,200.</p>
<p>The post <a href="https://en.coin-turk.com/ethereum-surges-past-4000-again-defying-market-volatility/" rel="noopener noreferrer nofollow">Ethereum Surges Past $4,000 Again, Defying Market Volatility</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Ethereum Surges Past $4,000 Again, Defying Market Volatility

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