Despite mixed ETF inflows, Ethereum (ETH) showed renewed bullish fundamentals this week. The token’s narrative strengthened after JP Morgan announced plans to let clients use BTC and ETH as collateral, while smart traders continued to expand leveraged long positions across derivatives markets.
ETH price rebounded sharply from its October 2025 low near $3,800, reclaiming short-term momentum below the 100-day exponential moving average. However, the token showed no clear signs of an impending bull run, suggesting a strong bearish presence near immediate resistance levels.
The RSI hovered near neutral, signaling potential for further upside if volume expands. On the daily chart, ETH held support at the 200-day EMA while testing the confluence zone between $3,950 and $4,000 — an area that previously triggered sell pressure.
The price action reinforced investor confidence as bulls attempted to flip resistance into support, setting the stage for a deeper look at whale accumulation, ETF activity, and JP Morgan’s latest move.
Analysts Hopeful as Ethereum Consolidates
Ethereum’s technical structure aligned closely with the broader accumulation narrative across whale wallets and institutional flows. Technical analyst Ted noted that ETH price had consistently bounced from the $3,800 support zone. This acted as a strong liquidity base during October’s volatility.
The analyst identified the $4,000–$4,100 region as a decisive resistance band filled with sell orders. Ted explained that a breakout above this level could trigger a relief rally toward $4,250. However, failure to clear it risked another retest of the $3,700 range.
NebraskaGooner was more cautious, describing the current setup as a potential “breakdown with retest.” The market watcher emphasized that ETH needed to reclaim the $3,980 level to invalidate downside pressure.
NebraskaGooner’s chart highlighted a descending triangle pattern, where price traded below converging trendlines. A sustained move above the upper boundary, he argued, would mark a technical recovery phase. Until then, the structure remained vulnerable to another dip toward the 200-day EMA near $3,600.
Michaël van de Poppe shifted the focus to the ETH/BTC pair, which he said appeared ready to break its multi-month downtrend.
The analyst viewed the 0.035–0.037 BTC range as an accumulation zone, suggesting Ethereum might soon outperform Bitcoin. Poppe called it the start of a new altcoin cycle if the pair confirmed a bullish reversal.
Meanwhile, analyst Johnny reinforced the bullish macro outlook. The market commentator noted that ETH’s weekly support near $4,000 remained intact and predicted eventual price discovery toward $6,000.
Johnny emphasized that sustained consolidation above this level would confirm a structural continuation of Ethereum’s long-term uptrend. This echoed the optimism building across technical circles.
Institutional Integration and Whale Accumulation Strengthen Market Foundation
Meanwhile, Ethereum’s improving fundamentals supported the rebound in market sentiment. JP Morgan’s reported decision to allow clients to use Bitcoin and Ethereum as collateral for loans marked an important institutional milestone.
The move positioned both assets within the traditional credit framework, narrowing the gap between on-chain capital and mainstream finance. Market observers viewed the decision as a sign of structural confidence in digital assets’ long-term role within lending and liquidity markets.
Furthermore, on-chain data reinforced the conviction. On-chain tracker Lookonchain identified a trader who expanded his Ethereum long exposure to over 33,000 ETH, worth more than $130 million, while maintaining a perfect win rate.
The same wallet also opened new leveraged Bitcoin positions, pushing realized profits past $15 million. The accumulation highlighted a broader sentiment among whales who appeared to treat Ethereum’s recent consolidation as a strategic accumulation zone rather than a distribution phase.
However, institutional ETF flows told a more cautious story. Weekly data from SoSoValue showed modest outflows from Ethereum-linked exchange-traded products. This reflected mild risk aversion among traditional investors even as on-chain accumulation strengthened.
The outflows did not reverse the longer-term uptrend in total ETH assets under management, but they tempered the immediate bullish outlook by signaling hesitation within the regulated market segment.
Deep-pocketed traders increased their exposure while legacy financial institutions slowly integrated ETH into lending systems.
