Record $5T stablecoin settlement — Ethereum price prediction shows sideways consolidation

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Ethereum rises 0.69% in mixed session

Highlights

Ethereum trades at $3,900.75, staying below MA-20 ($4,205.04) and MA-50 ($4,291.44), but above MA-200 ($3,189.98), indicating short- and medium-term selling pressure.
Stablecoin settlement volume on Ethereum hit $5 trillion in Q3, while BitMine added approximately $280 million in ETH during the recent dip, signaling renewed institutional interest.
The expected weekly range is $3,804.46 to $4,038.23, with over 80% probability of a price increase but otherwise likely sideways consolidation.

Institutional and retail flows shift as sentiment reacts to new developments

Stablecoin settlement on Ethereum reached a record $5 trillion in the third quarter, highlighting its position as a leading global settlement platform. BitMine significantly expanded its Ethereum holdings by purchasing approximately $280 million worth of ETH during the recent price dip, reflecting institutional confidence in the network. Local buying interest also emerged following this move, lending further support amid ongoing market volatility.

Mixed momentum and near-oversold signals as price consolidates

Momentum signals are mixed — MACD D1 remains negative, reflecting seller control, though ADX suggests some underlying trend strength. RSI and CCI both signal near-oversold levels, while Stoch RSI is neutral but nears the lower zone. BBP indicates sellers are currently dominant intraday. There was no significant gap between the previous close and today’s open. The current price sits mid-range between today’s low and high, showing moderate volatility. Intraday performance is slightly positive, but with conflicting signals across momentum and oscillators, the tone suggests sideways consolidation and a lack of clear directional conviction.

High likelihood of range-bound trade as bullish breakout faces resistance

For the coming week, the expected range spans from $3,804.46 to $4,038.23. The probability of a price increase is very high (more than 80%), making a decline much less likely. In the baseline scenario, the price holds within a sideways corridor with no major breakout. A bullish move would see Ethereum breaking above $4,095, targeting the upper bound of the expected range. A bearish scenario would emerge only if price falls below support at $3,804, opening room for deeper correction.

Anton Kharitonov, expert at Traders Union, sees Ethereum's technical structure weighed down by short- and medium-term sellers, with only long-term moving averages providing firm support. Despite institutional accumulation and record stablecoin settlements showing strong fundamental interest, momentum and oscillator readings offer little conviction for an imminent trend reversal. Kharitonov maintains a cautious stance, expecting continued sideways action unless crucial resistance is reclaimed. "Until Ethereum breaks above $4,095 with conviction, there is no reason to expect sustainable upside — my base case remains a neutral range," he concludes.

Previously it was noted that sharp declines in Bitcoin and Ethereum prices have once again rattled investors, driven by factors such as massive outflows from U.S. spot Bitcoin ETFs. Additionally, analysts highlighted that retail traders now dominate the market, a trend often observed near the end of bull cycles.

Source of Data: ETH Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.