Ethereum’s Path to $10K: Analysts Spot ’Signs of Trust Recovery’ as Whales and Sharks Accumulate
Ethereum's march toward the five-figure price target gains traction as market heavyweights position themselves.
The Whale Watch
Large holders quietly building positions—accumulation patterns mirror early bull market behavior. On-chain data reveals sustained buying pressure from addresses holding 10,000+ ETH.Sharks Circle Too
Mid-tier investors joining the frenzy, with 100-10,000 ETH wallets showing net inflows. This two-tiered accumulation signals broad institutional confidence despite regulatory headwinds.Technical Breakout Imminent
Chart analysts point to converging indicators suggesting Ethereum could test all-time highs within months. The $10K target represents a 300% surge from current levels—ambitious but technically feasible.Because nothing says 'trust' like billion-dollar entities playing hot potato with digital assets while retail holds the bag.
Industrial profit growth spreads across sectors
High-tech production pulled a lot of the weight. According to NBS chief statistician Yu Weining, profits from high-tech manufacturing jumped 26.8% in September alone.
Meanwhile, the manufacturing sector overall grew 9.9% in profit terms over the nine-month period. Utilities (including electricity, heat, fuel, and water supply) added 10.3% in profit.
But not everything moved in the same direction. The mining industry had a rough year. Its profits dropped 29.3%, underlining persistent weaknesses in commodity demand and pricing.
Ownership structure also split the numbers. State-owned enterprises actually posted a 0.3% fall in profits. In contrast, foreign firms (including investments from Hong Kong, Macau, and Taiwan) saw their profits rise 4.9%. Privately-owned companies outperformed both, logging a 5.1% gain over the same nine-month stretch.
The strong September data came as the Chinese government continues to roll out policies to limit brutal price-cutting among industrial players.
That’s been especially important in a year when factory gate prices remain stuck in decline and global trade friction refuses to calm down.
Trade hopes boost stocks, attention shifts to Trump-Xi summit
Stock markets in China got a lift on Monday. The CSI 300 Index (the main gauge for mainland shares) rose by up to 1%, while Hong Kong-listed Chinese companies edged up 0.5% in early trade.
Tech firms led the rally. Zhejiang Dahua Technology and Semiconductor Manufacturing International Corp. were among the strongest performers.
Markets reacted to news that U.S. and Chinese trade negotiators reached an agreement on multiple flashpoints. The two sides reportedly found common ground on issues like export controls, fentanyl, and shipping levies.
U.S. Treasury Secretary Scott Bessent was the one who added fuel to the optimism, telling reporters that Donald Trump’s 100% tariff threat is “effectively off the table.” That came just days ahead of the scheduled summit between TRUMP and President Xi Jinping on Thursday. The two leaders are expected to finalize a deal to ease the years-long economic standoff.
“Overall, the near-term reaction may be cautiously optimistic,” said Dilin Wu, strategist at Pepperstone Group. “However, the market will still be looking to the outcome of the Trump-Xi meeting, so any gains may be measured, more indicative of sentiment improvement in risk assets than a dramatic market surge.”
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