{"id":12440,"date":"2025-10-02T19:58:06","date_gmt":"2025-10-02T19:58:06","guid":{"rendered":"https:\/\/bitunikey.com\/news\/ethereum-price-forms-giant-hammer-as-key-metric-nears-1-trillion\/"},"modified":"2025-10-02T19:58:11","modified_gmt":"2025-10-02T19:58:11","slug":"ethereum-price-forms-giant-hammer-as-key-metric-nears-1-trillion","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/ethereum-price-forms-giant-hammer-as-key-metric-nears-1-trillion\/","title":{"rendered":"Ethereum price forms giant hammer as key metric nears $1 trillion"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Ethereum price has formed a giant hammer candlestick pattern on the weekly chart, pointing to a major comeback as exchange-traded fund inflows rose and its adjusted stablecoin volume jumped to nearly $1 trillion.<\/p>\n<div id=\"cn-block-summary-block_42f1e1be57066481220ff57260c7ad1c\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Ethereum price has formed a hammer candlestick pattern on the weekly chart.<\/li>\n<li>The adjusted monthly stablecoin volume rose to almost $1 trillion.<\/li>\n<li>Spot Ethereum ETF inflows have continued this week.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<h2 class=\"wp-block-heading\">Ethereum boosted by stablecoin growth and ETF inflows<\/h2>\n<p>Ethereum (ETH) was trading at $4,450 on Thursday, up by over 15% from its lowest level last week. Its 24-hour volume rose to $46 billion, while the futures open interest soared to nearly $60 billion.<\/p>\n<p>The ongoing ETH price jump coincided with the ongoing crypto market rally<strong> <\/strong>as traders cheer the rising odds of a Federal Reserve interest rate cut and the upcoming crypto ETF approval season.<\/p>\n<p>Ethereum price also jumped because of the ongoing demand from American investors. Data compiled by SoSoValue shows that the spot Ethereum ETFs added over $80 million in assets on Wednesday, bringing the weekly inflows to over $755 million. This week\u2019s inflows are a sharp reversal after it shed $795 million last week.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>More data shows that Ethereum is benefiting from the ongoing demand stablecoins. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/app.artemisanalytics.com\/asset\/ethereum?from=assets&amp;tab=stablecoins\" target=\"_blank\" rel=\"nofollow\">Artemis data<\/a><strong> <\/strong>shows that the stablecoin supply in the network jumped by 5.8% in the last 30 days to $162 billion.<\/p>\n<p>More data shows that the adjusted transaction volume rose by 15% to $901 billion, meaning that it may cross $1 trillion soon. These are huge numbers considering that PayPal had a total payment volume of $408 million in the last 30 days.<\/p>\n<p>Other parts of the Ethereum network are doing well, with the total value locked in its decentralized finance network soaring to a record high of over $200 billion recently.<\/p>\n<h2 class=\"wp-block-heading\">Ethereum price technical analysis as a hammer forms<\/h2>\n<p>The weekly timeframe chart shows that the Ethereum price bottomed at $3,828 last week as the crypto market crashed. It formed a hammer candlestick, which is characterized by a body and a long lower shadow, and is one of the most common bullish reversal candlestick patterns.<\/p>\n<p>Ethereum also retested the important support level at $4,100, its highest level in March and December last year. A break and retest normally confirms the continuation pattern.<\/p>\n<p>The coin also remains above the 50-week and 100-week Exponential Moving Averages (EMA), a sign that bulls remain in control.<\/p>\n<p>Therefore, the coin will likely continue rising as bulls target the year-to-date high of $4,955. A move above that target will point to more gains towards $5,000 and above.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">ETH price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The bullish Ethereum price forecast will become invalid if the coin drops below the key support at $3,828. Such a move would point to more downside, potentially to $3,500.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price has formed a giant hammer candlestick pattern on the weekly chart, pointing to a major comeback as exchange-traded fund inflows rose and its adjusted stablecoin volume jumped to&hellip;<\/p>\n","protected":false},"author":1,"featured_media":4882,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12440","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12440","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=12440"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12440\/revisions"}],"predecessor-version":[{"id":12441,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12440\/revisions\/12441"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/4882"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=12440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=12440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=12440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}