Ethereum (ETH) 
$3,094 outpaced a general cryptocurrency market increase of 1.24% to soar above $4,700. Fundamental factors such as regulatory advancements, aggressive acquisitions by major investors, and positive technical indicators supported this rise.
Regulatory Winds Are Gathering Strength
On September 11, SEC Chairman Paul Atkins reiterated his support for clearer regulations for the crypto market, asserting that many tokens should not fall under security laws. Concurrently, regulatory bodies in Hong Kong pushed forward drafts that would reduce capital requirements for digital assets, including ETH and BTC.
If implemented, these new rules would allow banks to allocate 50% less capital for Ethereum compared to traditional assets, facilitating institutional investors’ entry into the ETH market. The focus now shifts to the SEC-CFTC DeFi meeting on September 15 and the Hong Kong Monetary Authority’s (HKMA) policy announcement expected in early 2026.
Massive Purchases by Whales
On September 12, a “whale” purchased 32,368 ETH (approximately $118 million) in a single transaction. This was part of a larger whale accumulation trend, with 138,000 ETH ($503 million) accumulated since August. During the same period, the total ETH balance on exchanges dropped to 9.8 million, the lowest in seven months.
This scenario lowers selling side liquidity, potentially paving the way for price surges as observed previously. For instance, heavy buying in the $4,400–$4,600 range in July 2025 led to a 58% price increase within weeks.
Technical Indicators Back the Rise
Ethereum surpassing the critical resistance level of $4,634 has increased optimism among market players. As the price remains above significant support levels, technical indicators like MACD and RSI continue to emit bullish signals. Ethereum’s weekly close above $4,700 is interpreted as a positive sign for investors.
Ethereum’s underlying dynamics appear strongly aligned. As regulatory pressure eases, with whale-driven supply constriction and strengthening technical indicators, the price is poised to aim for higher levels. As long as macro conditions remain favorable and buying pressure stays above $4,600, experts believe ETH may continue its upward trajectory.
Similarly, last week saw net inflows into Ethereum ETP products from Fidelity and BlackRock. This, while confirming institutional investors’ interest in Ethereum, also demonstrates the market’s maturation alongside regulatory advancements. Cryptocurrencies, especially projects with versatile applications like Ethereum, are increasingly becoming significant players in not just technological but also financial realms. Thus, Ethereum’s price increase signifies not only speculative movements but also structural strengthening.
