Ethereum Could Extend Gains Above $4,600 on Spot ETF Optimism, DeFi TVL Nearing $100B and Record Staked ETH

Ethereum hit a new all-time high after surging past $4,600 on Oct 5, 2025, driven by growing institutional interest in an Ethereum Spot ETF, near-$100B DeFi Total Value Locked (TVL), and record staked ETH — signaling sustained demand for ETH as a core DeFi ￰0￱ optimism and institutional inflows DeFi TVL approaching $100 billion and record staked ETH support network utility Macro uncertainty (U. S. government shutdown) amplified safe‑haven demand for ETH and BTC Ethereum all-time high: ETH topped $4,600 on Oct 5 amid Spot ETF hopes and rising DeFi TVL — read the full analysis and price ￰1￱ now. Published: 2025-10-05 | Updated: 2025-10-05 Why did Ethereum hit a new all-time high today?

Ethereum all-time high occurred as ETH surged past $4,600 on Oct 5, 2025, led by renewed institutional appetite for an Ethereum Spot ETF and strengthening on-chain ￰2￱ DeFi Total Value Locked and record staked ETH reinforced demand, creating technical momentum above key resistance ￰3￱ role did ETF anticipation play in ETH’s rally? Expectations for an Ethereum Spot ETF significantly increased institutional flows into ￰4￱ view an ETF as easier access to spot exposure, which can translate to large, concentrated buy-side pressure that pushes prices ￰5￱ research notes heightened custody and prime-broker interest ahead of formal ￰6￱ did DeFi metrics and staking support the move?

DeFi TVL nearing $100 billion and all-time record staked ETH highlight growing on-chain utility and reduced circulating supply ￰7￱ metrics signal sustained demand from DeFi protocols and staking participants, strengthening the narrative that ETH is both a consumption and yield-bearing ￰8￱ other factors are driving ETH’s rally? Macro uncertainty, including the recent ￰9￱ shutdown, drove some investors toward crypto assets as an alternative store of value. Bitcoin’s parallel strength provided a market-wide tailwind that amplified ETH inflows and momentum ￰10￱ are the immediate technical levels to watch? Ethereum cleared key resistance near $4,260 and is eyeing a retest of the prior ATH near $4,900.

Short-term support sits at $4,260–$4,400, while a sustained close above $4,900 would target higher extension ￰11￱ key levels (short-term) Level Type Notes $4,900 All-time high Primary upside target $4,260–$4,400 Support Recent breakout zone $3,800 Lower support Macro risk buffer) Ethereum price prediction After breaking above $4,260, ETH’s immediate path targets a retest of the $4,900 ATH. Short-term momentum suggests further upside, though pullbacks to the $4,260–$4,400 support band are possible during consolidation. “Safe-haven” narrative — why it matters Macro events can shift investor allocations ￰12￱ recent ￰13￱ shutdown contributed to flows into alternative assets, reinforcing ETH and BTC’s safe-haven narrative in some investor ￰14￱ reallocation can accelerate ETF-driven and spot ￰15￱ Asked Questions How high can ETH go after this ATH?

Price trajectories depend on institutional inflows and risk ￰16￱ ETF approvals bring sustained demand, ETH may probe higher extensions above $4,900; however, standard risk management expects volatility and potential retracements to $4,260–$4,400. Is the DeFi TVL near $100B accurate? ￰17￱ on‑chain dashboards and protocol reports indicate DeFi Total Value Locked approaching $100 billion, reinforcing network activity and utility for ￰18￱ provided expert commentary for this report? Coinotag research analysts and unnamed on‑chain strategists provided insights; all quotes and data references are based on public on‑chain metrics and TradingView technicals (plain text).

Key Takeaways ETF optimism : Institutional anticipation for an ETH Spot ETF is the primary catalyst. On‑chain strength : DeFi TVL near $100B and record staked ETH validate utility and reduce supply ￰19￱ drivers : ￰20￱ shutdown and macro uncertainty boosted safe‑haven demand for ￰21￱ Ethereum’s new all-time high reflects a convergence of institutional ETF interest, robust DeFi activity, and macro-driven flows into ￰22￱ ETF developments, DeFi TVL, and staking trends for ￰23￱ traders, maintain risk controls; for long-term holders, these developments reinforce ETH’s role in decentralized finance. , "description": "Ethereum all-time high: ETH topped $4,600 on Oct 5 amid Spot ETF hopes and rising DeFi TVL; analysis of catalysts, technical levels and outlook."