Ethereum’s Moonshot: Whales & Wallets Go Wild-Is $8K Next?

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Ah, mes chers amis, behold the noble Ethereum, this ETH, that little digital sprite scampering toward the lofty pride of $4,300, as if scaling the very Olympus of the crypto market! 🏔️ On the day that marks September the thirtieth, it hath gallantly gained 2.2%, reaching yonder $4,190-closing the third quarter with a most respectable flourish of 68%. Ah, quelle progression! 🎭

Recall, if you will, the year of our Lord 2020, when this very spirit of Ethereum danced such a vigorous jig in Q3 that Q4 blossomed in a magnificent 104% surge-almost theatrical, non?

Ether quarterly returns | Source: CoinGlass

Should the stars deign to align once more, this virtuous coin may pirouette past $8,000 ere Christmas bells chime, much to the delight of the market’s most bullish troubadours. 🎉

Mark this, dear spectators: the price took a tumble to $3,850 on September 25-a stumble most graceless-only to spring aloft with vigor! Yet, the shadow of negativity in funding rates loomed until last week, a familiar sign pointing to market floors, much like a jester’s pratfall heralding the next act.

Ethereum Funding Rates on all exchanges | Source: CryptoQuant

But hark! A CryptoQuant sage proclaims the funding rates now bask in positivity-an omen, if you please, of a breakout ne’er seen since the last fête.

Big Fish in the Pond: Whales Frolick with Confidence 🐋

Lo and behold! The great titans of treasure-those colossal whales and corporate coffers-persist in hoarding ETH as if it were the elixir of life itself. According to the oracle known as LookOnChain, on the thirtieth day of September, a fledgling wallet, likely birthed by BitMine, snatched 25,369 ETH, worth a princely sum of $106.7 million. Oh, the grandeur! 💰

BitMine, that crafty creature, boasts now a treasury surpassing 2.65 million tokens-a veritable hoard fit for a king.

Whales keep buying $ETH!

Newly created wallet 0x93c2 (likely belonging to #Bitmine) received 25,369 $ETH ($106.74M) from #FalconX 3 hours ago.

Newly created wallet 0x6F9b withdrew 4,985 $ETH ($21M) from #OKX 4 hours ago.

– Lookonchain (@lookonchain) September 30, 2025

Meanwhile, another shiny wallet absconded with 4,985 ETH ($21 million) from the exchange OKX on the very same day. What a plot twist! Shall we see a crescendo or shall these whales just fancy a swim?

Such accumulation whispers of secretive parleys among the wise, perhaps a prelude to an explosive price performance worthy of the grandest salons.

Further intrigue arrives: Bit Digital, that digital alchemist, recently proclaimed ambitions to raise a $100 million convertible note, aiming to swell its Ether coffers and invest broadly in this brave new crypto realm. 🎩💼

Bit Digital Announces Proposed Offering of $100 Million Convertible Notes

@BitDigital_BTBT today announced a proposed registered underwritten public offering by the Company of $100,000,000 aggregate principal amount of its convertible senior notes due 2030, subject to market and…

– Bit Digital, Inc. NASDAQ:BTBT (@BitDigital_BTBT) September 29, 2025

And here enters the herald Donald Dean, prognosticating a near-term valiant charge to $5,766! He extols $4,300 as the “volume shelf,” a firm stage on which Ethereum might pirouette skyward. If only our own lives held retreats so well marked!

$ETH $ETHUSD Ethereum – Moving Up, Support Found

Price Target: $5766

ETH is moving toward the volume shelf at $4300, a potential launch area. Crypto momentum is increasing.

The next target is at the 50% retracement ETH/BTC ratio. $ETHA $ETHE

– Donald Dean (@donaldjdean) September 29, 2025

Should this bullish ballet continue, dear readers, mayhaps Ethereum will dance its way to a triumphant finale for the year 2025! And if not, well-there’s always the next act. 🎭

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2025-09-30 14:55