Ethereum’s price saw a significant recovery as it climbed back above the psychological mark of $4,000 on September 25, after previously declining below this level for the first time in 50 days on September 24. The cryptocurrency witnessed a daily increase of 2.2%, trading at $4,013, despite the generally weak liquidity over the weekend. This upward momentum stemmed from on-chain Blockchain activity, signaling a partial restoration of investor confidence following a short-lived downturn.
Staking and ETF Inflows Bolster Ethereum
Within the Ethereum 
$2,290 network, a total of 2,589 ETH were staked in contracts within a 24-hour period. According to Beaconcha.in data, the total amount staked surged to 35.7 million ETH, equivalent to roughly $11 million at current prices. These contributions helped mitigate the pressure of sales in the market, balancing the sharp liquidations witnessed on Friday with increased demand from the staking sector.
Significant developments also occurred on the institutional front. Bloomberg ETF analyst Eric Balchunas reported that T. Rex’s 2x BitMine ETF (BMNU) attracted an inflow of $32 million on its first day of trading. This performance was recorded as one of the top three best first-day results among all ETFs approved in the US in 2025. Although the price had retreated from its August peak of $4,953, interest in the ETF has made it easier for Ethereum to hold at crucial support levels.
Crucial Levels for ETH Price
Ethereum’s recovery above $4,000 marks a significant technical threshold. However, the emerging rising wedge formation since the start of September adds short-term risk. If this formation is broken, there is potential for the price to retreat as low as $3,200. Nonetheless, the Relative Strength Index (RSI), currently at 38, suggests that the cryptocurrency is nearing oversold territory and speculative buying could be triggered.
The expansion of Bollinger Bands also indicates an increase in volatility. Presently, Ethereum is trading near the lower band at approximately $3,916. This level stands out as a critical support, with upward movements possibly driving the price to $4,373, and subsequently to $4,500. Conversely, a decline below $3,916 could introduce the risk of a further drop to $3,500 and then to $3,200.
