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Ethereum Breaks $4,500: Bit Digital Grows to 150,244 ETH!
Ethereum Gains Value: Bit Digital Increases Treasury to 150,244 ETH. US ETFs record record inflows - A look at the markets.
Ethereum Breaks $4,500: Bit Digital Grows to 150,244 ETH!
Ethereum (ETH) price movements are currently the focus of attention. On October 9, 2025, the price of Ethereum was found at $4,520. In this context, the company Bit Digital has expanded its Ethereum treasury to an impressive 150,244 ETH after completing a capital increase of $150 million. This strategic decision demonstrates the company's commitment to increasing shareholder value, said CEO Sam Tabar.
Bit Digital has acquired 31,057 ETH in the last few days. This brings the total value of these holdings to around $670 million. This purchase was financed through a convertible note issued at a price of $4.16, representing an 8.2% premium to the company's market value.
Positive trends in Ethereum ETFs
Another positive aspect for Ethereum are the developments in the ETF sector. US spot Ethereum ETFs have now recorded seven consecutive days of net inflows, totaling $1.9 billion. On Tuesday in particular, $420.8 million flowed into these ETFs, underscoring the growing interest in Ethereum.
These trends are not only important for investors, but also demonstrate overall confidence in the stability and growth of Ethereum as a cryptocurrency.
Technical analysis and market movements
Technically, Ethereum recently successfully broke above the 50-day moving average (SMA), but is facing a descending trend line that has been in place since August 24th. A break of this resistance line could lead to a retest of the resistance at $4,800. On the other hand, in the event of a rejection, the price could fall to $4,100.
In addition to these technical aspects, Ethereum experienced $88.3 million worth of futures liquidations in the last 24 hours, with $48.6 million being eliminated from long positions and $39.6 million from short positions. The Relative Strength Index (RSI) and Stochastic Oscillator are above neutral levels, indicating a bullish trend.
With these developments, Ethereum appears to be in a strong position, both in terms of institutional investment and technical market analysis. The coming days will be crucial in watching how Ethereum fares against these challenges.
For more information on these developments you can access the report FXStreet read up.