Ethereum Updates Today: Large Holder Activity Fuels Ethereum's Recovery Amid Global Tensions

Escalating tensions between the U.S. and China have heightened global market volatility, prompting cryptocurrency traders to rethink their approaches as risk preferences evolve. Bitcoin’s uneven performance in October—hovering near $111,300 at the time of writing—has left it 2.3% below where it started the month. This has sparked worries that October could end in the red for Bitcoin unless prices recover, according to a

. At the same time, has experienced even steeper declines, with $127 million flowing out of ETFs. However, the report notes that on-chain metrics point to a possible turnaround as major investors are accumulating more coins.

The split in performance across cryptocurrencies reflects a broader shift in investor mood.

, which often posts gains of around 20% in October during bull runs, has struggled to maintain its typical “Uptober” momentum, with prices moving between $107,000 and $111,500. Experts point out that while October’s strong showings have sometimes led to a “Moonvember” surge, the 4% drop seen in 2025 ranks among the poorest monthly results since 2014, as highlighted in the article. In contrast, Ethereum’s recent moves have drawn attention to a possible trend reversal. Technical analysts have identified a “triple bottom” pattern forming between $3,750 and $3,800, suggesting robust buying interest. A clear move above $4,000 could open the door to short-term gains up to $4,280, according to market observers.

Ethereum’s on-chain data further highlights its underlying strength. Large investors—often called “whales and sharks”—have repurchased about one-sixth of the tokens they sold between October 5 and 16, indicating renewed optimism, according to

. Analysts such as Ali Martinez foresee a long-term climb to $10,000 for Ether, though he warns that a correction in 2026 could precede a multi-year rally. Likewise, The Long Investor projects a $13,500 price target by 2029, stressing the importance of a patient, long-term outlook.

These developments have led prominent investors to shift their strategies. One notable participant, known in the crypto community as the “FOMO King,” has moved away from speculative plays in favor of a more systematic “Ant Farm” approach, recently investing $640,000 more into Ethereum. This brings the investor’s total stake to over $22 million, signaling confidence in Ethereum’s fundamentals despite short-term market swings. This approach mirrors broader trends, as accumulation by large holders and technical signals suggest Ether may find stability and recover.

The Federal Reserve’s recent suggestion to allow stablecoin issuers direct access to the banking sector has introduced additional uncertainty, but crypto markets remain focused on geopolitical developments. With no sign of U.S.-China tensions easing, investors are treading carefully while seeking opportunities. For Ethereum, future progress will depend on overcoming key resistance points and maintaining the accumulation trend among institutional and major retail investors.