Key Notes
Ethereum price surged above $4,000 as optimism grew over Trump’s upcoming trade meeting with China’s Xi Jinping.
Treasury firms holding ETH have overtaken Bitcoin in supply dominance, driven by yield-seeking institutional demand.
Short traders deployed $650 million in leverage near $4,150, signaling resistance amid heightened market speculation.
Ethereum price reclaimed the $4,000 level on Sunday, October 26, boosted by optimism around Trump’s visit to Asia, climaxing in trade talks scheduled with Xi Jinping in Korea on Friday, Oct 30. Ethereum treasury firms maintained an aggressive accumulation outlook during the mid-October market dip, overtaking Bitcoin counterparts in terms of circulating supply dominance. Amid the market weekend recovery, ETH remains subject to intense speculation, with bear traders concentrating leverage positions around the $4,100 mark on Sunday.
Ethereum moves above $4,000 as Trump Asia Meet Ignites Optimism
Ethereum price rebounded to $4,099 on Sunday, October 26, up 10% from its seven-day low of $3,811 recorded last Wednesday. ETH’s rebound mirrored broader market gains, where all top 10 cryptocurrencies, including BTC, SOL, and XRP, posted consecutive green days over the weekend.
In terms of ETH price projections for the week ahead, bears have concentrated roughly $650 million in short contracts around the $4,150 level, accounting for 76% of the $840 million in total short leverage deployed within the past 24 hours.
If Ethereum breaches this resistance, it faces relatively lighter opposition until the $4,240 zone, where another significant supply cluster lies. Conversely, failure to break above $4,100 could trigger liquidations, dragging ETH prices back toward short-term support near $3,911, where bulls have deployed approximately $1.5 billion in long ETH contracts.
