Ethereum Tops $4K as DEX Volume Surges 47%

- Ethereum surpasses $4,000, fueled by declining exchange supply and historical Q4 trends. - Surge in decentralized exchange volume signals rising trader confidence. Ethereum’s price climbed above the $4,000 mark, signaling strong bullish sentiment heading into October. Several factors drive this momentum: a declining ETH supply on centralized exchanges, a substantial increase in decentralized exchange (DEX) trading volume, and favorable historical price patterns for the fourth quarter. The supply of Ethereum (ETH) on centralized exchanges has reached its lowest level since 2016. Analysts suggest this trend reflects growing institutional accumulation and an increased investor preference for self-custody or staking. These actions reduce the available supply on exchanges, and historically, a decline in exchange supply creates upward price pressure when demand rises. Meanwhile, DEX trading activity on the Ethereum network surged, with weekly volume increasing by 47% to reach $33.9 billion. Analysts view this spike in on-chain trading as a positive indicator, as heightened activity on decentralized platforms often signals increased trader confidence and leads to price appreciation. Historical data further supports a bullish narrative for Ethereum in October. While September is typically a weaker month for ETH, October has averaged a 4.77% price increase in past years. The fourth quarter has historically been one of the strongest periods for ETH, driven by higher market activity and increased investor participation. On September 29, 2025, CoinMarketCap reported that Ethereum (ETH) was trading at $4,192.32 as of 15:08 UTC, a 4.22% increase over the last 24 hours. During this period, the 24-hour trading volume for ETH rose by 98.71%, highlighting the asset's growing market momentum.