Ethereum

Resistance

Read

Rise

<h2 class="wp-block-heading" id="strong-in-brief-strong"><strong>In Brief</strong></h2>
<ul>
 <li>Bitmine adds 63,539 ETH, bringing total holdings to $13.07B or 2.73% of supply<br></li>
 <li>Ethereum ETFs see $145.7M in outflows led by BlackRock and Fidelity on Oct 20<br></li>
 <li>ETH rejected at $4,100 and now tests key support near $3,800 amid rising volatility<br></li>
</ul>
<p>Ethereum saw heightened whale activity as Bitmine <a href="https://coincu.com/ethereum/bitmine-ethereum-withdrawal-action/" rel="noopener noreferrer nofollow">acquired</a> 63,539 ETH (worth $251.6 million), according to data from Lookonchain. The ETH was moved into three new wallets from Kraken and BitGo, signaling a fresh wave of accumulation.</p>
<p>Bitmine now controls 3,299,553 ETH, valued at approximately $13.07 billion, representing 2.73% of total supply. Separately, wallet 0xAeA5 <a href="https://x.com/TedPillows/status/1980559180248260945" rel="noopener noreferrer nofollow">withdrew</a> another 7,527 ETH from OKX, with 11,860 ETH ($46.26 million) withdrawn in the past week.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/lookonchain/status/1980451497545724155
 </div>
</figure>
<p>These large withdrawals and purchases suggest <a href="https://coincu.com/ethereum/bitmine-ethereum-purchase-strategy/" rel="noopener noreferrer nofollow">strong accumulation</a> behaviour by major players, potentially positioning for long-term upside. However, such divergence between whale activity and price action can also precede short-term reversals.</p>
<h2 class="wp-block-heading" id="strong-etf-outflows-rise-as-eth-faces-rejection-at-4-100-resistance-strong"><strong>ETF Outflows Rise as ETH Faces Rejection at $4,100 Resistance</strong></h2>
<p>Despite whale confidence, Ethereum-based ETFs registered $145.7 million in net outflows on October 20, according to analyst Ted. BlackRock’s ETHA saw the largest withdrawal at $117.9 million, followed by Fidelity’s $27.8 million outflow.</p>
<figure class="wp-block-image aligncenter size-full"><img src="https://coincu.com/wp-content/uploads/2025/10/image-391.png" alt="">
 <figcaption>
  Source: X
 </figcaption>
</figure>
<p>This marks one of the biggest single-day outflows in recent weeks, reflecting weakening institutional sentiment. While whales accumulate, these outflows suggest some funds are exiting ETH exposure amid macro uncertainty and Fed-related positioning.</p>
<p>Looking at the price, Ethereum recently faced a price rejection at the $4,100 resistance and is now approaching the $3,800 support zone, according to Ted. A successful retest could trigger a <a href="https://coincu.com/analysis/ethereum-holds-3900-with-bullish-target/" rel="noopener noreferrer nofollow">bounce</a>, but a breakdown risks further bearish continuation toward lower levels.</p>
<figure class="wp-block-image aligncenter size-large"><img src="https://coincu.com/wp-content/uploads/2025/10/image-57-1024x1005.jpeg" alt="">
 <figcaption>
  Source: X
 </figcaption>
</figure>
<p>As of October 21, data from <a href="https://coinmarketcap.com/currencies/ethereum/" rel="noopener noreferrer nofollow">CoinMarketCap</a> shows ETH trading at $3,873.27, down 0.56% in the last hour, 4.28% daily, and 3.03% weekly. This continued weakness underscores market indecision despite significant whale-led accumulation.</p>
<figure class="wp-block-table">
 <table class="has-fixed-layout">
  <tbody>
   <tr>
    <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>
   </tr>
  </tbody>
 </table>
</figure> <a href="https://coincu.com/?p=370328" rel="noopener noreferrer nofollow">Read original article on coincu.com</a>

Ethereum Falls 4% as Whales Accumulate — Bullish Divergence or Trap?

Table of Contents

Coincu

Other articles published on Oct 21, 2025

Join our free newsletter for daily crypto updates!