Ethereum Latest Updates: Long-Inactive Ethereum Tokens Reactivate, Altering Market Trends
In late October, Ethereum experienced notable price swings, prompting renewed focus on the blockchain activity of long-standing holders. Data shows that early adopters and major wallets are increasingly transferring coins that have been inactive for some time. As of October 29, the cryptocurrency was valued at $3,949.15, reflecting a 0.88% drop for the day—its steepest single-day decrease since mid-October, according to
One significant trend is the renewed movement from early
At the same time, larger holders—referred to as "whales" and "sharks" with 100 to 10,000 ETH—are sending mixed signals. Santiment noted that these wallets have bought back about one-sixth of the ETH they sold between October 5 and 16, suggesting a degree of cautious optimism, according to a
Ethereum’s price remains limited by important resistance points. The asset has repeatedly failed to surpass the $4,000 mark, with trading volume spiking 188% above the 24-hour average during an unsuccessful attempt to break through. Analyst Ali Martinez envisions a long-term rise toward $10,000, but warns that a correction into 2026 could come before any sustained rally. Similarly, The Long Investor has set a $13,500 target for 2029, viewing this as a multi-year journey rather than an imminent surge.
Institutional interest is also on the rise. MegaETH, a layer-2 Ethereum project supported by co-founders Vitalik Buterin and Joe Lubin, secured $450 million in an oversubscribed token sale, drawing in 14,491 investors, according to a
As these events unfold, the interaction between blockchain activity, institutional progress, and broader economic trends will likely shape Ethereum’s next direction. Although short-term price swings continue, the reactivation of long-term holders and increased capital inflows into the Ethereum ecosystem may lay the groundwork for future growth.
