As the market awaits the Federal Open Market Committee (FOMC) meeting, 
Ethereum (ETH) is attempting to hold the $4,000 area as support. Despite the 
volatility, some analysts have predicted that the King of Altcoins may soon 
start its long-awaited price discovery rally, while whales pour millions into 
the cryptocurrency. Related Reading: Bitwise CIO Predicts Solana Staking ETF 
Will Be ‘Huge’ As First Day Volume Hits $56M Ethereum Price Set For $8,000 On 
Wednesday, Ethereum fell below the $4,000 level once again, falling to a two- 
day low of $3,926. After a massive Q3 rally, the King of Altcoin has struggled 
to hold the crucial psychological barrier as support and has been unable to 
reclaim the $4,200 resistance for most of October. Earlier this week, the 
cryptocurrency retested the key resistance level after surging 7% over the 
weekend, but retraced on Tuesday alongside the rest of the market. Amid this 
performance, some analysts suggested that ETH will likely experience more 
volatility, fueled by the Federal Reserve (Fed)’s interest rate cut 
announcement. Daan Crypto Trades noted that ETH’s big test is around its 
previous cycle highs near the $4,100 level. To the trader, “this is the level 
to break and hold if the bulls want to get back to the highs in due time.” On 
the contrary, a new rejection from this area could send the price to retest 
$3,800 and turn the level into a major resistance in the larger timeframes. 
Nonetheless, Crypto Yhodda stated that Ethereum is “getting ready for the last 
euphoric run,” as its performance resembles its 2021 price action, when the 
altcoin recorded a massive price discovery rally after breaking out of its 
four-year consolidation. Similarly, analyst Crypto Jelle asserted that 
shakeouts at key support levels are expected, adding that the cryptocurrency’s 
rally “still looks very promising.” Jelle highlighted an 18-month bullish 
megaphone formation on Ethereum’s chart, which it broke out of during the Q3 
rally. The analyst emphasized that ETH is still holding the previous highs and 
the breakout level as support, suggesting that a “hated rally” to the $8,000 
target could happen soon. Whales Bet Big On ETH Online reports highlighted 
that large-scale investors have been on a buying spree despite the altcoin’s 
pullback. As reported by NewsBTC, Santiment data showed that whales added 
218,470 ETH in the past week, signaling that major investors are gradually re- 
entering the market. Meanwhile, on-chain analytics platform Lookonchain 
revealed that whales continued to buy ETH over the past 24 hours. Notably, two 
newly created addresses received a total of 33,948 ETH, worth $135 million, 
from digital asset prime brokerage FalconX on Wednesday morning. According to 
Lookonchain, the two addresses likely belong to BitMine, the largest Ethereum- 
based treasury company, which recently unveiled another 27,316 ETH purchase, 
worth $113 million. Related Reading: Solana, Litecoin, Hedera ETFs Ready? 
Experts Expect Tuesday Launch Despite Goverment Shutdown In a Monday X post, 
BitMine provided its latest holdings update, which now surpasses the $14.2 
billion mark. As of October 27, the company holds 3,313,069 ETH, 192 BTC, an 
$88 million stake in Eightco Holdings for its “Moonshot” initiative, and 
unencumbered cash of $305 million. A month ago, BitMine revealed it had 
reached the 2% milestone of its goal to own 5% of Ethereum’s total supply. 
With the recent purchases, the company has achieved 55% of its goal, currently 
holding 2.75% of ETH’s supply. As of this writing, ETH is trading at $3,990, a 
3.5% drop in the daily timeframe. Featured Image from Unsplash.com, Chart from 
TradingView.com

Ethereum (ETH) Prepares For ‘Last Euphoric Run’ As Whales Go On $135M Buying Spree

The acquisition could diversify Fight Fight Fight LLC&#8217;s business model, 
potentially reshaping the crowdfunding landscape and digital asset 
integration.
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TRUMP token issuer exploring deal to buy Republic’s US operations

Securitize has joined forces with BNY to launch the Securitize Tokenized AAA 
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Securitize Push Structured Credit Into the Digital Age In a move bridging Wall 
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AAA Credit Meets Blockchain in Securitize’s Latest Onchain Fund With BNY

Activity on Tron is booming, with a 69% week-on-week rise in active addresses 
to 11.1 million, and Tuesday’s 12.6 million transaction count being the 
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Retail stablecoin boom helps send Tron active wallets to new highs

Consensys, the Ethereum software company behind MetaMask, is preparing to 
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Cryptocurrency price in INR