Ethereum Rebounds Above $4,000 Amid 2,589 ETH Staking Surge
Ethereum Price Movement
- Ethereum rebounded above $4,000 on Sept 25 after dipping below this level for the first time in 50 days.
- Achieved a 2.2% intraday rally amid a 49% decline in trading volumes to $29 billion.
- Increased activity in Ethereum staking contracts as market volatility rose.
- Staking deposits grew by 2,589 ETH, approximately $11 million, over 24 hours, reaching 35,712,343 ETH.
T Rex's BitMine ETF Impact
- T Rex launched its 2x BitMine ETF (BMNU), bringing $32 million in inflows on the first day.
- BMNU’s inflows were the third-largest among US-listed ETFs approved in 2025.
Technical Analysis and Outlook
- Ethereum's rebound supported by staking inflows and ETF demand.
- A rising wedge pattern indicates potential bearish trends with downside targets around $3,200.
- Bollinger Bands suggest rising volatility; ETH trades near the lower band at $3,916.
- RSI at 38 shows oversold conditions, attracting speculative traders.
- If ETH holds above $4,000 and breaks $4,373 resistance, it may face supply at $4,500.
- Failure to maintain $3,916 could lead to a drop toward $3,500 or even $3,200.
