Key Takeaways:
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The price of Ether is testing the $4,000 mark as a highly successful trader expects further increases in the value of ETH.
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Traders say ETH is poised for an uptrend, citing strong technicals and a bearish balance on exchanges.
Ether (ETH) kept its rally to $4,000 strong on Friday as a sensible trader increased his ETH upside bet.
ETH/USD four-hour chart. Cointelegraph/Tradingview
Top trader opens recent long ETH position
Data from Cointelegraph Markets Pro and TradingView showed the ETH/USD pair trading at $3,940 after hitting an intraday high of $4,025 on Friday.
Reaching this key level offered ETH/USD cause for optimism before some key volatility triggers occurred.
“To get things going again, one would wish to interrupt back above $4.1k, which has been the cycle high for a very long time,” said trader Daab Crypto Trades, adding:
“This is a key area to maneuver back as much as turn this recent rise into a significant divergence. An actual breakout may follow.”
September's consumer price index (CPI) report, the primary major data release because the U.S. government shutdown earlier this month, is predicted to be released on Friday.
Inflation data is predicted to be high at 3.1%, but that is unlikely to stop the momentum for Fed rate cuts, which have a probability of over 94% in accordance with the CME Fedwatch tool.
While market participants waited for triggers, attention turned to an unknown trader with a 100% win rate after he increased his long position in Ethereum to 33,270 ETH, value about $131.24 million at the present price.
Smart trader 0xc2a3 increased his $ETH long position to $33,270 ($131.24 million) with a 100% win rate.
He also opened a 4x long position at $80 BTC ($8.9 million).
His total winnings have now exceeded $15.4 million.https://t.co/XzFH3jrgx2 pic.twitter.com/QnP0ZBSG0d
– Lookonchain (@lookonchain) October 24, 2025
The trader also opened a 4x long position on 80 BTC value $8.9 million with an entry price of $110,900 per Bitcoin.
“He’s already made $16 million in profits within the last two weeks,” said X user Discover, referring to the trader’s winning streak. He added:
“Looks like he’s betting big on the subsequent Ethereum pump.”
As Cointelegraph reported, mega whales (10,000-100,000 ETH) are showing signs of accumulation at current prices, increasing the possibilities of Ether breaking above $4,000.
Bullish ETH price predictions are emerging
Bullish traders are increasingly calling for higher Ether prices as $4,000 becomes the limit.
Master of Crypto pointed to the declining supply of Ether on exchanges and said that a supply shortage could soon trigger an explosive rise in the value of ETH.
“More and more ETH is leaving exchanges daily. Foreign exchange reserves have just reached their lowest level in years,” he said in a Friday X post, adding:
“People are holding, not selling. When that happens, prices often explode.”
Fellow analyst Crypto Zee agreed that Ether was poised to proceed rising as its price formed a “textbook continuation” structure.
“Look for a gentle advance through the $4,250 resistance, followed by the primary goal, the $4,750 demand zone,” he wrote on Friday.
For Jelle, Ether’s upside goal stays $10,000 so long as “we hold these previous highs.”
$ETH does what it does best; Making things look disgusting while maintaining key levels.
As long as we hold these previous highs, it’s a matter of time before this coin finally enters price discovery.
The goal stays at $10,000. pic.twitter.com/prcEJ5zGCp
— Jelle (@CryptoJelleNL) October 24, 2025
As Cointelegraph reported, Ethereum MVRV data and a bull flag breakout signaled renewed bullish momentum for ETH towards $4,500 by the tip of October.
This article doesn’t contain any investment advice or recommendations. Every investment and trading activity involves risks and readers should conduct their very own research when making their decision.
