According to information up to October 3, 2025, Ethereum (ETH) is showing an upward trend today and has broken through the key level of $4500. However, the market is also experiencing significant volatility and contract liquidations during this rise.

📊 Today's ETH Market Overview

Here is a summary of today's core market dynamics regarding Ethereum to help you quickly grasp the key points.

Indicator Latest Situation Data Source
Spot price broke $4500, reaching a high of $4538.85, with a 24-hour increase of about 3.46% AiCoin, Tonghuashun, CaiLianShe, etc.
Futures Performance: CME Ethereum futures main contract rose 3.81%, reported at 4533 USD Daily Economic News
Market volatility: In the last hour, the total liquidations across the network reached 11.23 million USD, including 8.23 million USD in short liquidations, with 6 million USD in ETH liquidations AiCoin.

🔍 Key market details interpretation

In addition to the core data mentioned above, the following points are also worth your attention:

· Short sellers faced significant setbacks: Large-scale contract liquidations occurred in the past hour, with the majority being short positions liquidated for 8.23 million USD. This partially explains the strong upward movement in price, possibly due to some short sellers being forced to close their positions.
· Technical Perspective: Some analyses indicate that ETH has been in an absolute bullish trend for the long term. Although there has been a high-level fluctuation and correction in the short term, the key support level is in the range of 4290-4300 USD. Additionally, the MACD indicator has formed a "golden cross" below the zero axis, which is usually considered a bullish signal, suggesting that the correction may be nearing its end and a new wave of upward movement may be about to start.

💡 Reference for operation ideas

For the upcoming market, traders with different strategies may have different considerations:

· For bulls/watchers: consider looking for opportunities near the support area of $4300-$4350. If the price can break through the previous high of $4781 with strong volume, it will be a stronger signal to add positions.
· For short sellers: In the current bullish technical context, the risk of going against the trend is high, and caution is advised.
· Risk Control Points: If the price effectively breaks below the 4250-4280 range, it may indicate that the short-term upward trend is broken, at which point a stop loss should be considered to control risk.