Ethereum Could Test $10,000 as Weekly Bull Pennant Forms Amid 820,000 ETH Whale Accumulation and Fusaka Upgrade

• Weekly bull pennant on Ethereum charts suggests a measured move higher if breakout occurs

• Whales accumulated ~820,000 ETH (~$3.8B) in 72 hours, improving liquidity and supporting price floors

• Fusaka upgrade (Dec 3) targets doubled blob capacity, which may boost Layer-2 throughput and adoption

Ethereum price prediction: Ethereum bull pennant forms near $4,500; watch breakout and volume for potential move toward $10,000 — read latest analysis and levels.

Ethereum forms a weekly bull pennant near $4,500 with whale accumulation and the Fusaka upgrade fueling projections toward $10,000.

• Ethereum forms a weekly bull pennant, projecting a possible surge toward the $10,000 level.
• Whale accumulation of 820,000 ETH worth $3.8B strengthens liquidity and supports price consolidation.
• Fusaka upgrade on December 3 aims to double blob capacity and expand Layer-2 network adoption.

Ethereum is showing strong signs of continuation as a weekly bull pennant forms, and analysts suggest the projected target could send ETH toward $10,000 this year. Current trading levels near $4,500 are consolidating within tight ranges, with market participants watching for a decisive breakout in the coming sessions.

What is the bull pennant structure and the near-term Ethereum price target?

The bull pennant is a continuation pattern formed after a sharp rally; on Ethereum’s weekly chart it signals a potential measured move toward approximately $10,000 if confirmed by a breakout above $4,800 with rising volume. The primary confirmation will be sustained volume and a weekly close above resistance.

How do recent charts and analyst views quantify the target?

Technical analysis by Titan of Crypto shows a pennant after the mid-2025 rally. The pattern’s measured target projects toward near $10,000, with immediate resistance at $4,700–$4,800 and pivotal support near $4,650. Analysts emphasize that a weekly close above $4,800 with elevated volume would increase the probability of a sustained run.

Weekly data from Coingecko reports Ethereum trading at $4,465.02, marking a 4.4% increase over the past month. Market capitalization stands at $538.97 billion, with a 24-hour trading volume of $23.42 billion. The circulating supply is reported at 120.70 million ETH. Recent trading sessions show ETH fluctuating between $4,443.55 and $4,541.88, reflecting relative stability despite episodic volatility.

Source: Coingecko

Crypto analyst Mister Crypto added that “if Ethereum closes above $4,800, the price could accelerate toward $5,800,” though stronger trading volume is needed to validate the breakout. Market participants continue to monitor the $4,650 and $4,800 resistance zones as key levels.

Why is whale activity relevant and what do on-chain flows show?

Whale accumulation can provide liquidity support and reduce sell-side pressure during consolidation. On-chain tracking by Ali recorded about 820,000 ETH moved into large-holder balances—roughly $3.8 billion—within 72 hours, lifting large-wallet totals from 26.17M ETH to over 30M ETH.

Source: AliCharts(X)

Exchange flow data recorded a $28.36 million net outflow on September 19, indicating continued cautious accumulation. Futures open interest remains steady, signaling neutral positioning until a clearer directional signal appears in spot markets.

How could the Fusaka upgrade affect Ethereum’s outlook?

The Fusaka upgrade, scheduled for December 3, aims to double blob capacity, which increases data availability for Layer-2 solutions and improves throughput. If adoption of Layer-2s accelerates post-upgrade, demand-side fundamentals could strengthen, drawing additional liquidity into ETH markets.

Frequently Asked Questions

What are the key resistance and support levels for Ethereum right now?

Key resistance sits in the $4,700–$4,800 zone, with immediate support near $4,650. A weekly close above $4,800 with increased volume would be a bullish confirmation for the pattern.

How should traders watch the Fusaka upgrade?

Traders should monitor Layer-2 metrics and data-availability adoption after December 3. Strong uptake could improve ETH demand; watch on-chain activity, aggregator metrics, and exchange flows for early signs.

Key Takeaways

• Bull pennant formation: Potential continuation pattern projecting a measured move toward ~$10,000 if confirmed.
• Whale accumulation: ~820,000 ETH moved to large wallets, supporting liquidity and price floors.
• Fusaka upgrade: Doubling blob capacity may accelerate Layer-2 adoption and strengthen fundamentals.

Conclusion

Ethereum’s weekly bull pennant and recent whale accumulation present a bullish technical backdrop, while the Fusaka upgrade offers a fundamental catalyst for improved throughput and Layer-2 growth. Traders should prioritize volume confirmation and weekly closes above $4,800 before assuming a sustained push higher. COINOTAG will monitor on-chain signals and update analysis as events develop.