Why Is Ethereum Stuck Near $2,500? Bitmine Buys, ETFs Sell for 10 Days
The Ethereum price is near $2,512 on the weekly chart, down about 1% this week. ETH is sitting close to the lower edge of a rising channel.
Bitmine keeps buying. A busy week of US data and developer talks is also ahead. Here is what the numbers show.
What Is the ETH Price Today?
ETH price today is about $2,512 on Binance (ETH/USDT). The weekly candle opened at $2,536.94 and traded between $2,409.09 and $2,579.88.
Bitmine's update used $2,544 per ETH, citing Coinbase. ETH slipped from $2,726 to $2,544, which cut Bitmine's portfolio value by about $1.2 billion.
Weekly Chart Item | Value |
Latest price (Binance) | $2,512.32 |
Weekly open | $2,536.94 |
Weekly high | $2,579.88 |
Weekly low | $2,409.09 |
Weekly change | -0.97% |
RSI | 56.32 |
RSI average | 53.67 |
Weekly volume | 441.04K |
How Much ETH Does Bitmine Hold Now?
Bitmine holds 6,028,946 ETH, about 4.9% of the 122.1 million supply. Lookonchain puts the share at 4.94%, worth $15.24 billion.
It bought 12,532 ETH last week, worth about $31.67 million. That was the third small weekly buy in a row.
Week | ETH Bought |
Week to Oct 11 | 12,532 |
Week to Oct 4 | 15,112 |
Week before that | 17,362 |
Lookonchain says Bitmine is 77,442 ETH short of its 5% target. Chairman Tom Lee said in an SEC-filed transcript that the firm needs about 100,000 more. The numbers differ, but the gap is small either way.
Lee says Bitmine will be "done stacking" after that. He also expects a big bull market. That is his view, not a certainty.
What Else Does Bitmine Own?
Bitmine reported $16.2 billion in total crypto and "moonshots" on October 12, 2026.
Asset | Amount |
ETH | 6,028,946 (at $2,544 each) |
Bitcoin (BTC) | 214 |
Beast Industries stake | $180 million |
Eightco Holdings (ORBS) stake | $85 million |
Cash and marketable securities | $612 million |
About 84% of its ETH is staked, according to one report. Staking earns yield. It can also limit how fast the firm can sell.
Will ETH Go Up? Ethereum Price Prediction for the Weeks Ahead
The weekly chart shows a possible recovery pattern. ETH bounced from the long-term lower trendline near $1,500 to $1,600 earlier this year.
Since then, price has moved up inside a rising channel. That points to slow, steady buying, and it shapes this ETH price prediction.
RSI is at 56.32, above its average of 53.67. That is a mild positive, not a strong signal.
The 2025 high near $5,000 still sits far above.
Ethereum Price Forecast: How High or Low Can ETH Go?
Scenario | Level to Watch | What It Could Mean |
Neutral | Hold $2,250 to $2,350 | ETH stays inside the rising channel |
Bullish | Break above $2,750 to $2,900 with strong volume | Targets of $3,200, $3,500 and $4,000 |
Strong bullish | Sustained move above $4,000 | Possible retest of $4,750 to $5,000 |
Bearish | Close below $2,250 and the lower trendline | Move toward $2,000, then $1,500 to $1,600 |
This ETH price forecast uses chart levels only. No level guarantees a move. A breakout needs strong volume to be trusted.
What Is Happening in Ethereum News Today?
Developers hold All Core Devs Consensus call No. 189 on October 15 at 10 a.m. The 90-minute call covers Glamsterdam, Hegotá, and how hard forks are built.
It is a planning call. It is not an upgrade activation.
Glamsterdam includes protocol-level proposer-builder separation and block access lists. Both aim to improve transaction processing and network efficiency. Developers turned it on for the Sepolia test network on October 6, with a 200 million gas limit.
Hegotá is expected in 2027. It targets censorship resistance, transaction processing, and security. Expect more Ethereum news after the call.
Why Are ETH Spot ETFs Seeing Outflows?
Spot ETH ETFs recorded $85.39 million in net outflows yesterday. That is the tenth straight day of outflows.
The reports give no clear cause. Still, steady outflows can point to weaker fund demand. Bitmine's buying runs against that trend.
ETH News Today: Which Events Could Move the Market This Week?
For ETH news, the calendar is busy.
Date | Event | Details |
Oct 14, 8:30 a.m. | US September CPI | Headline forecast 0.6% monthly, 3.6% yearly (prior 0.4%, 3.4%). Core forecast 0.2%, 2.5% (prior 0.3%, 2.4%) |
Oct 14 | BlackRock earnings | Expected EPS of $14.24 |
Oct 15, 8:30 a.m. | US PPI | Forecast 0.5% monthly, 5.3% yearly (prior 0.4%, 5.4%). Core forecast 0.3%, 4.4% (prior 0.2%, 4.6%) |
Oct 15, 10 a.m. | All Core Devs call No. 189 | Glamsterdam and Hegotá talks |
Oct 15 to Oct 22 | ArbitrumDAO USDG vote | Asks for another 100 million ARB for the DRIP budget |
Oct 15, 11:30 p.m. | Fed Chair Kevin Warsh and IMF's Kristalina Georgieva | Scheduled conversation |
These are forecasts, not released results. The outlook expects the Fed to leave rates unchanged in October.
A surprise in either direction could shake risk assets, including ETH.
What Other Crypto Events Are Coming This Week?
Date | Event | Details |
Oct 13 | Balancer and Compound votes end | Balancer self-funded fork; Compound wETH reserves bridged from Ronin |
Oct 13 | China September inflation | Data release |
Oct 15 | Gitcoin vote | Snapshot quorum cut from 2.5 million to 1.5 million GTC |
Oct 15 | Starknet and Connex unlocks | 3.37% STRK (about 13.2million);1.39%CONX(12.18 million) |
Oct 15 | UK GDP, BNY earnings, US retail sales | BNY EPS expected at $2.27 |
Oct 16 | Arbitrum unlock | 1.56% of ARB, worth $18.07 million |
Oct 16 | Balancer extension deadline; MAS stablecoin consultation closes | v3 pools can run to Nov 30; Singapore reviews Payment Services Act changes |
Oct 16 | Eurozone final September CPI | Data release |
Oct 17 | Cronos unlock | 2.33% of CRO, worth $73.08 million |
Is ETH a Good Investment Right Now? Final Take
ETH is trading between $2,250 and $2,900 for now. Holding support keeps the bullish case alive. A drop below $2,250 weakens it.
Bitmine's buying adds steady demand. ETF outflows and inflation data add risk.
Whether ETH fits you depends on your goals and risk limits. Nobody can say where it goes next, so check several sources.
DISCLAIMER
This article is for information only and is not financial, investment or legal advice. Crypto prices are volatile, and you can lose some or all of your money. Price targets are chart-based scenarios, not guarantees. Do your own research and speak with a licensed financial advisor before you trade.
