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 de
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.
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
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.
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.
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.
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.
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.
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.
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.
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
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.
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.
