Newton

SharpLink Gaming

Arkham

Grayscale

Tom Lee

Financial research and analysis firm Fundstrat says Ether (<a href="/ethereum-price" rel="noopener noreferrer">ETH</a>) could fall to $4,200 within days before heading higher and eventually rallying to $5,500.&nbsp;
“I do not make much of crypto weakness in recent days, and expect ETH likely bottoms out over the next 1-2 days before heading back higher,” said Fundstrat Global Advisors managing director Mark Newton.
His commentary was <a href="https://x.com/fundstrat/status/1976392218748326371" rel="noopener noreferrer nofollow" target="_blank">shared</a> by BitMine chairman and Fundstrat adviser Tom Lee on Thursday. Newton also noted that there has been a “minor three-wave pullback,” which he said was expected to end over the weekend.
Newton said that Ether has already corrected from its September rally and predicted that it could fall to $4,200, “which would provide an optimal area of support” before it turns back higher.
<a href="https://cointelegraph.com/learn/articles/what-is-ethereum-a-beginners-guide-to-eth-cryptocurrency" rel="noopener noreferrer nofollow">Ether</a> rallied to a <a href="https://cointelegraph.com/news/eth-rally-tops-out-at-dollar4-8k-setting-up-a-make-or-break-moment-for-ether-bulls" rel="noopener noreferrer nofollow">weekly high</a> of $4,750 on Tuesday but has since weakened, falling back below $4,300 briefly in late trading on Thursday. The asset recovered to come close to $4,400 during early trading on Friday morning, but remains rangebound in a channel that formed when it first broke above $4,000 this year in early August.
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 <img src="https://s3.cointelegraph.com/uploads/2025-10/0199cc4f-de1f-7cc4-96d7-c2abe0bebf38" title="" alt="Ether ‘3-wave pullback’ to end soon, $5.5K next: Fundstrat">
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 Ether has remained rangebound since August. Source: <a href="https://www.tradingview.com/symbols/ETHUSD/?exchange=COINBASE" rel="noopener noreferrer nofollow" target="https://www.tradingview.com/symbols/ETHUSD/?exchange=COINBASE">Tradingview</a>
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<h2 id="dips-are-strategic-accumulation-opportunities">Dips are strategic accumulation opportunities</h2>
Crypto analyst Benjamin Cowen <a href="https://x.com/intocryptoverse/status/1976311314764136493" rel="noopener noreferrer nofollow" target="_blank">stated</a> that the “choppy price action” would persist until the “bull market support band catches up,” which could take several more weeks.
“Ethereum’s potential to reclaim all-time high price levels is increasing ahead of potential macroeconomic shifts amid a weakening US economy,” Nassar Achkar, chief strategy officer at the CoinW exchange, told Cointelegraph.&nbsp;
<blockquote>
 “The anticipated bounce is driven by a constructive technical setup and expectations of a liquidity boost from potential Federal Reserve policy easing.”
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He added that any near-term dips were “strategic accumulation opportunities”&nbsp; ahead of this projected rally.
<h2 id="institutions-remain-bullish">Institutions remain bullish</h2>
Grayscale has been <a href="https://cointelegraph.com/news/grayscale-stakes-150m-eth-staking-etp-deadlines" rel="noopener noreferrer nofollow">stacking and staking</a> ETH for its <a href="https://cointelegraph.com/news/grayscale-launches-staking-first-us-crypto-etps" rel="noopener noreferrer nofollow">recently launched</a> staking ETH over the past few days, with hundreds of millions worth deposited on the Beacon Chain, <a href="https://intel.arkm.com/explorer/address/0x8eBda19DdEE719DAB78DEf3e22c3d37970e35217" rel="noopener noreferrer nofollow" target="_blank">according</a> to Arkham Intelligence.&nbsp;
<figure>
 <img src="https://s3.cointelegraph.com/uploads/2025-10/0199cc4f-e1e2-7207-9d8f-fa60e7494717" title="" alt="Ether ‘3-wave pullback’ to end soon, $5.5K next: Fundstrat">
 <figcaption style="text-align: center;">
 Grayscale has been staking thousands of ETH this week. Source: Arkham
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“Ethereum is quietly becoming the foundation of global finance,” <a href="https://x.com/joechalom/status/1976422932135231948" rel="noopener noreferrer nofollow" target="_blank">said</a> SharpLink co-CEO Joseph Chalom on Friday, adding that Ethereum is the “most important structural opportunity of this decade [and] the trust layer for the next financial system.”
SharpLink Gaming is the world’s second-largest Ethereum treasury company, <a href="https://cointelegraph.com/news/sharplink-eth-treasury-nears-1b-gains" rel="noopener noreferrer nofollow">holding</a> 838,730 ETH worth around $3.67 billion.&nbsp;
Meanwhile, Tom Lee’s Bitmine continues to accumulate the asset, with an additional 23,823 ETH, worth around $103 million, added to its treasury late on Thursday, <a href="https://x.com/lookonchain/status/1976474332827357292" rel="noopener noreferrer nofollow" target="_blank">according</a> to Arkham.
Magazine: <a href="https://cointelegraph.com/magazine/alibaba-founder-ethereum-push-south-korea-whales-91-asia-express/" rel="noopener noreferrer nofollow">Alibaba founder’s Ethereum push, whales are 91% of Korean market: Asia Express</a>

Ether ‘3-wave pullback’ to end soon, $5.5K next: Fundstrat

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