Ethereum (ETH) is trading higher today, September 29, 2025, rising approximately 3.8% to February 7, 2026. After a tough last week, the king of altcoins is seeing gains in light of a growing network demand.
Regardless of whether you’re trying to ride the momentum toward resistance zones or waiting to see if ETH can hold strength, there are multiple causes regarding why is Ethereum up today.
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What’s Driving Ethereum Price Today?
As the crypto market is recovering from the massive sell-offs last week, cryptocurrencies are experiencing a rebound phase, and Ethereum is following suit.
What’s more, institutional demand is ever-present, as BitMine made a new ETH acquisition and is now holding 2,650,900 ETH, valued at $11 billion.
These are the top reasons why is Ethereum up today, but crypto enthusiasts should watch closely for a few key price zones.
Ethereum Price Levels To Watch
As of now, the $4,300 – $4,350 area represents a notable overhead supply zone, and getting above this could lead to more gains.
If the price keeps climbing, $4,500 price is an even stronger barrier and the next big target.
(Why is Ethereum up today, September 29, 2025)
In fact, the way the price is going, an important floor that’s holding it up is $4,000 – $4,100, since if it breaks, the price could drop further.
Finally, $3,800 – $3,900 is a deeper support range that would likely be tested in the event of an overall market weakness.
What’s Next for Ethereum?
ETH’s price is slowly increasing, and if Ethereum holds support in the $4,000 – $4,100 zone and breaks above $4,300, it may push toward $4,500 and beyond. Any positive news, from additional institutional acquisition or continued ETF capital, may fuel this bullish scenario.
In contrast, if it goes the other way and the support breaks below $4,000, Ethereum could slip toward $3,800 or lower, especially if the market turns weaker.
While on the topic, if you want to learn more about ETH’s price in the future, we’ve assessed a full Ethereum prediction.
RECOMMENDED: What to consider before Investing In Ethereum (ETH)
Conclusion
Analyzing why is Ethereum up today and its solid gain, we can come to a conclusion that it’s likely due to institutional capital allocation and the general market rebound. The key areas to watch are the support floor at $4,000 – $4,100 and the resistance ceiling at $4,300 and above. Similar to other cryptos, whether Ethereum can keep climbing or will pull back depends on how it handles these price levels and if any new positive news appears.
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