Ethereum remains flat at $4,054, with $170M in ETF inflows and whale activity suggesting potential for a future breakout.
Despite Ethereum’s price remaining relatively flat around $4,054, significant activity is unfolding behind the scenes.
Ethereum ETFs have seen substantial inflows, with large investors accumulating quietly. While Ethereum’s price has shown minimal movement, this suggests that institutional players may be positioning themselves for a future breakout.
Whale Activity Behind Ethereum’s Price Stagnation
Ethereum price has remained steady with little change, hovering around $4,054 in recent days. Trading volume has dropped by more than 25%, signaling a lack of short-term market action.
Despite this, whale activity continues to be substantial, indicating that large investors may be accumulating during this quieter period.
One notable move involves Richard Heart transferring 27,449 ETH to a new wallet, with some speculating that he’s preparing for a larger market move.
Another significant whale repaid a loan of 66,000 ETH and withdrew 34,155 ETH from Binance, possibly to buy more during this dip. Such large transactions suggest that these investors are positioning for a potential price increase in the future.
Whale Activity on $ETH
1) Richard Heart, founder of HEX and PulseChain, has transferred 27,449 $ETH to a new wallet and is moving $ETH via Tornado Cash.
2) The whale who borrowed 66,000 $ETH has completely repaid the loan, deposited $USDC into #Binance, and withdrew 34,155 $ETH… pic.twitter.com/CHiAhZu2vd
— Onchain Lens (@OnchainLens) November 4, 2025
These actions imply that whales may be taking advantage of the current price consolidation. The steady accumulation of ETH points to a potential strategy aimed at reaping benefits once market conditions shift.
Ethereum’s Technical Indicators and Consolidation
Technical indicators show that Ethereum is currently in a phase of consolidation.
The Relative Strength Index (RSI) is at 44.57, indicating weak momentum and a lack of strong buying pressure. With the market showing little movement, this phase could continue until a significant catalyst emerges.
The price has been moving within a narrow range, fluctuating between $3,938 and $4,292. This range-bound behavior typically precedes significant price shifts, as periods of low volatility often set the stage for sharp price movements.
If Ethereum can break past resistance levels, it could initiate a rally, but until then, it remains stuck in this consolidation phase.
Ethereum may continue to move sideways for now, with technical indicators showing no clear direction. A change in trading volume or a shift in market sentiment could spark the next move.
Key Resistance and Support Levels for Ethereum
Ethereum’s price faces resistance at important levels around $4,292 and $4,452, as highlighted by analyst Ali Charts.
These resistance zones will be crucial in determining whether Ethereum can break out of its consolidation phase. If Ethereum successfully breaks above these levels, it could trigger a significant rally. The next target for the price could be near the $5,000 mark.
The worst-case scenario: Ethereum $ETH fails to reclaim $4,000, breaks through $3,800 support, and drops to $2,400 or $1,700. pic.twitter.com/oKK5VbVRd0
— Ali (@ali_charts) November 4, 2025
However, if Ethereum fails to break through these resistance levels, it may remain stuck in its current range. Traders should keep an eye on these levels to assess the potential for further upward movement.
A break above $4,452 would indicate increasing buying pressure, possibly paving the way for a rally.