Ethereum

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<h2 class="wp-block-heading" id="strong-in-brief-strong"><strong>In Brief</strong></h2>
<ul>
 <li>Bitmine invests $279.6M in ETH amid $232.3M ETF outflows led by BlackRock.<br></li>
 <li>Ethereum stablecoin supply hits $180B, marking a new all-time high in 2025.<br></li>
 <li>Over 16,000 new developers joined Ethereum this year, reinforcing network dominance.</li>
</ul>
<p>Bitmine <a href="https://x.com/TedPillows/status/1979473780151030152" rel="noopener noreferrer nofollow">purchased</a> $279.6 million in Ethereum, signalling strong institutional accumulation despite recent ETF outflows. This significant buy contrasts sharply with the $232.3 million in ETH ETF outflows on October 17, 2025.</p>
<p>BlackRock led the redemptions, withdrawing $146.1 million, followed by Fidelity with $30.6 million and Bitwise with $20.6 million. These outflows reflect short-term risk reduction among institutions amid Ethereum’s struggle to hold the $4,000 level.</p>
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  https://twitter.com/TedPillows/status/1979438021637476541
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<p>The sell-off coincided with price volatility, but such heavy outflows often mark local lows when selling pressure fades. Meanwhile, <a href="https://coincu.com/ethereum/tom-lee-buying-ethereum-advice/" rel="noopener noreferrer nofollow">Bitmine's</a> sizable accumulation suggests high-conviction buying amid temporary market weakness.</p>
<p>Ethereum’s price remains resilient, currently trading at $3,879.62 after a 3.87% 24-hour gain and a 1.21% weekly increase. This recovery points to renewed bullish sentiment, even as minor intraday pullbacks suggest profit-taking around resistance.</p>
<h2 class="wp-block-heading" id="strong-developer-growth-and-stablecoin-milestones-support-bullish-outlook-strong"><strong>Developer Growth and Stablecoin Milestones Support Bullish Outlook</strong></h2>
<p><a href="https://coincu.com/ethereum/ethereum-developer-surge-2023/" rel="noopener noreferrer nofollow">Ethereum's ecosystem</a> continues to grow rapidly, with over 16,181 new developers joining from January to September 2025. This figure outpaces Solana (11,534) and Bitcoin (7,494), reinforcing Ethereum’s lead in blockchain development.</p>
<figure class="wp-block-image aligncenter size-large"><img src="https://coincu.com/wp-content/uploads/2025/10/image-30-1024x702.jpeg" alt="">
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  Top 10 Ecosystems by New Developers in 2025 | Source: X
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<p>The Electric Capital Developer Report highlights Ethereum’s strong network effects across Layer 1 and rollups. With more builders, liquidity, and users, Ethereum remains the primary hub for Web3 innovation and adoption.</p>
<p>In addition, Ethereum just recorded a new all-time high of $180 billion in stablecoin supply. This milestone reflects increasing usage and trust in Ethereum for real-world value transfer and on-chain finance.</p>
<p>Technical analysts point to strong <a href="https://coincu.com/analysis/ethereum-tests-support-above-3800-eyes-5766-retracement-target/" rel="noopener noreferrer nofollow">support </a>between $3,600 and $3,700, with resistance near $3,875–$3,920 currently being tested. A break above $4,000 could confirm a trend reversal, while failure may lead to a retest of lower supports.</p>
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  Source: X
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<p>Combined signals from price action, developer activity, and market structure suggest Ethereum remains positioned for continued strength in Q4 2025.</p>
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    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on<a href="https://coincu.com/" rel="noopener noreferrer nofollow">&nbsp;this website</a>&nbsp;is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
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</figure> <a href="https://coincu.com/?p=369659" rel="noopener noreferrer nofollow">Read original article on coincu.com</a>

Ethereum Rebounds as Bitmine Buys $279M; Eyes $4,000 Breakout

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