Can ETH reach $3,000 after POAP founder moves $10.8M?

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Summary POAP founder Patricio Worthalter deposited 4,000 ETH worth $10.79 million into Gemini, Lookonchain reported today. Worthalter still holds 54,967 ETH valued near $149 million after the ...

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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCan ETH reach $3,000 after POAP founder moves $10.8M?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">cryptonews</strong><span class=\"h-time small\">2026-10-05 16:50</span>\n</p>\n</h4>\n</header>\n<article>\n<div>\n<p>Summary\n\n\n\nPOAP founder Patricio Worthalter deposited 4,000 ETH worth $10.79 million into Gemini, Lookonchain reported today.\nWorthalter still holds 54,967 ETH valued near $149 million after the ...</p>\n\n<a href=\"https://crypto.news/can-eth-reach-3000-after-poap-founder-moves-10-8m/\">网页链接</a>\n\n</div>\n\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://crypto.news/can-eth-reach-3000-after-poap-founder-moves-10-8m/\">cryptonews</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XBTY","symbol_name":"GraniteShares YieldBOOST Bitcoin ETF","start_time":0,"source_url":"https://crypto.news/can-eth-reach-3000-after-poap-founder-moves-10-8m/","article_id":"2673050157","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/can-eth-reach-3000-after-poap-founder-moves-10-8m/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2673050157","pubTimestamp":1791190258,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"POAP founder Patricio Worthalter deposited 4,000 ETH worth $10.79 million into Gemini, Lookonchain reported today.Worthalter still holds 54,967 ETH valued near $149 million after the transfer, according to Ember.Ethereum trades near $2,730, with weekly RSI at 64.48 and MACD remaining bullish currently today.Analyst Crypto Patel’s $60,000 Ethereum target remains a conditional long-term bull-case projection, not confirmed forecast.POAP announced plans in August to wind down after more than five years of operations.Ethereum has held near $2,730 after POAP founder Patricio Worthalter deposited 4,000 ETH worth $10.79 million into Gemini, while weekly momentum indicators remain bullish.Lookonchain reported on Oct. 5 that Worthalter transferred the 4,000 ETH to Gemini roughly eight hours before its post. On-chain analyst Ember separately reported that Worthalter still controlled 54,967 ETH worth close to $149 million following the transaction.POAP founder moves $10.79 million in ETH to Gemini","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"XBTY":"GraniteShares YieldBOOST Bitcoin ETF","ETU":"T-Rex 2X Long Ether Daily Target ETF","BEGS":"RAREVIEW 2X BULL CRYPTOCURRENCY & PRECIOUS METALS ETF","HODL":"比特币ETF-VanEck","BITQ":"Bitwise Crypto Industry Innovators ETF","ETHU":"2倍以太币期货ETF-Volatility Shares","09009":"博时以太币-U","YETH":"Roundhill Ether Covered Call Strategy ETF","SBIT":"2倍做空比特币期货ETF-Proshares","ETHV":"以太坊ETF-VanEck","BTF":"比特币&以太币期货ETF-CoinShares","GDLC":"Grayscale CoinDesk Crypto 5 ETF","ETHW":"以太坊ETF-Bitwise","BKCH":"AdvisorShares Sabretooth ETF","ETH":"低成本以太坊ETF-Grayscale","BITW":"Bitwise 10 Crypto Index ETF","FETH":"以太币ETF-Fidelity","03179":"嘉实以太币","ETHA":"以太坊ETF-iShares","SETH":"1倍做空以太币期货ETF-Proshares","CBTJ":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - January","BTCO":"比特币ETF-Invesco Galaxy","09179":"嘉实以太币-U","EZBC":"比特币ETF-Franklin","ETHT":"ProShares Ultra Ether ETF","ETHD":"ProShares UltraShort Ether ETF","EZET":"以太坊ETF-Franklin","CRPT":"First Trust SkyBridge Crypto Industry and Digital Economy ETF","QETH":"以太坊ETF-Invesco Galaxy","STCE":"Schwab Crypto Thematic ETF","03046":"华夏以太币","ETHE":"最大以太坊ETF-Grayscale","ARKY":"ARK Active Autocallable Income ETF","03009":"博时以太币","AETH":"以太坊策略ETF-Bitwise","09046":"华夏以太币-U","EETH":"以太币期货ETF-ProShares","BETE":"等权重比特币&以太币期货ETF-ProShares","ETHI":"Defiance Leveraged Long Income Ethereum ETF","ETQ":"T-Rex 2X Inverse Ether Daily Target ETF","BETH":"比特币&以太币期货ETF-ProShares","NCIQ":"HASHDEX NASDAQ CRYPTO INDEX US ETF","CETH":"以太坊ETF-21Shares","ETTY":"Amplify Ethereum 3% Monthly Option Income Etf","ETCO":"Grayscale Ethereum HIGH Income ETF","LFGY":"YieldMax Crypto Industry and Tech Portfolio Option Income ETF","BTC":"Grayscale Bitcoin Mini Trust"},"translate_title":"POAP创始人转移1080万美元后，ETH能否达到3000美元？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BITQ":0.9,"SETH":0.6,"BTF":1.5,"BTCO":0.6,"EETH":1.5,"ETHA":1.5,"QETH":1.5,"ETQ":0.6,"BETE":1.5,"ETHU":1.5,"BTC":0.6,"CBTJ":0.6,"ETTY":1.5,"LFGY":0.9,"EZBC":0.6,"CRPT":1.5,"STCE":1.5,"XBTY":0.6,"ETHW":1.5,"ETU":1.5,"ARKY":1.5,"BEGS":1.5,"ETHD":1.5,"ETHV":1.5,"AETH":1.5,"METHmain":1.5,"EZET":1.5,"03046":0.9,"09046":0.9,"HODL":0.6,"YETH":1.5,"09009":0.9,"BETH":1.5,"GDLC":0.9,"ETHT":1.5,"BITW":0.9,"SBIT":0.6,"NCIQ":1.5,"CETH":0.9,"03179":0.9,"FETH":1.5,"ETHE":1.5,"09179":0.9,"03009":0.9,"ETHI":0.6,"ETCO":0.6,"BKCH":0.9,"ETH":1.5},"content_text":"Summary\n\n\n\nPOAP founder Patricio Worthalter deposited 4,000 ETH worth $10.79 million into Gemini, Lookonchain reported today.\nWorthalter still holds 54,967 ETH valued near $149 million after the transfer, according to Ember.\nEthereum trades near $2,730, with weekly RSI at 64.48 and MACD remaining bullish currently today.\nAnalyst Crypto Patel’s $60,000 Ethereum target remains a conditional long-term bull-case projection, not confirmed forecast.\nPOAP announced plans in August to wind down after more than five years of operations.\n\n\n\nEthereum has held near $2,730 after POAP founder Patricio Worthalter deposited 4,000 ETH worth $10.79 million into Gemini, while weekly momentum indicators remain bullish.\nLookonchain reported on Oct. 5 that Worthalter transferred the 4,000 ETH to Gemini roughly eight hours before its post. On-chain analyst Ember separately reported that Worthalter still controlled 54,967 ETH worth close to $149 million following the transaction.\n\nPatricio Worthalter(@worthalter) deposited 4,000 $ETH($10.79M) into #Gemini 8 hours ago.https://t.co/fqbXjjgoMm pic.twitter.com/zqCYgHzmx8— Lookonchain (@lookonchain) October 5, 2026\n\nThe transfer shows ETH moving onto a centralized exchange but does not prove Worthalter sold the coins. No transaction data reviewed for this report confirms a sale after the Gemini deposit.\nPOAP founder moves $10.79 million in ETH to Gemini\nWorthalter’s 4,000 ETH transfer represents only a portion of the Ethereum attributed to him by on-chain trackers. Ember’s data put his remaining holdings at 54,967 ETH, meaning the wallet group retained far more ETH than it moved to Gemini.\nAt Ethereum’s current market price, the remaining position is valued near $149 million. Lookonchain did not state why Worthalter sent the assets to the exchange, and no public statement from the POAP founder reviewed for this report explained the transaction.\nExchange deposits can precede sales, transfers between accounts or other trading activity. The blockchain movement by itself does not establish which action followed.\nEthereum’s market price remained near $2,700 after the transaction. CoinGecko showed ETH around the $2,700 region on Oct. 5 after closing Oct. 4 near $2,725.91. The token had closed Oct. 2 at $2,667.95 before recovering over the weekend.\nAnother large holder moved ETH onto an exchange during the same period. On-chain researcher Ember reported that an early Ethereum participant deposited 13,330 ETH, worth roughly $36.37 million, into Coinbase. The movement was separate from Worthalter’s Gemini deposit. Neither transaction establishes that the deposited ETH was sold into the market.\nEthereum price holds above $2,700 as momentum improves\nEthereum is trading near $2,729.72 after recovering from levels around $1,600 reached during the middle of 2026.\nOn the weekly chart, ETH’s MACD remains in positive territory. The MACD line stands near 115.40, slightly above the signal line around 111.51, while the histogram remains positive. The relatively narrow spread between the lines indicates bullish momentum is still present without showing a sharp acceleration.\nRSI gives a similar reading. The weekly Relative Strength Index is around 64.48, above its moving average near 52.93 and above the neutral 50 level. RSI remains below 70, which is commonly used as an overbought threshold.\nPrice is now approaching the 2,800-3,000 area. The lower end of that range has repeatedly limited upside attempts during the latest recovery.\nAs previously reported, Ethereum’s October price setup has placed 2,775-2,800 as the main resistance area. ETH reached approximately $2,775 in late September but failed to establish support above $2,800.\nA sustained break above $2,800 would move ETH beyond that recent resistance zone and put 3,000backintofocus.Losingthecurrentrecoverystructurewouldleavethemid-2,600 region as the first area to watch before lower support around 2,400-2,500.\nThe weekly indicator readings supplied for this analysis remain positive at current levels, though neither RSI nor MACD alone confirms that ETH will break resistance.\nAnalysts are watching $2,800 before bigger ETH targets\nCrypto analyst Crypto Pate said Ethereum remains inside a long-term ascending structure and outlined several price levels for a potential macro cycle.\nHis chart places $4,100 as a major higher-timeframe resistance level and $10,000 as a possible expansion target if ETH eventually clears that barrier. Patel went much further with a $60,000 macro bull-case projection.\nThe $60,000 figure is a conditional technical target, not a forecast for the current month or evidence that Ethereum is likely to reach that price from present levels.\nA move from approximately $2,730 to $60,000 would require ETH to rise by more than 20 times from its current price. Patel’s setup therefore operates on a very different time horizon from the immediate $2,800 resistance test.\nCrypto.news’ recent Ethereum price analysis for October identifies $3,000 as the closer upside level if ETH first clears 2,775-2,800. Its technical setup places roughly $3,050 as a continuation area after a confirmed breakout.\nCurrent weekly momentum supports the recovery into that resistance zone. RSI at 64.48 shows buying momentum without an overbought reading, while MACD remains bullish with its main line above the signal line.\nEthereum price chart, source: TradingView\nETH still needs price confirmation. Trading above $2,700 does not by itself confirm a move through $2,800 or toward $3,000.\nPOAP shutdown gives context to Worthalter’s transfer\nWorthalter’s exchange deposit comes roughly two months after POAP announced plans to wind down after more than five years.\nCo-founder Isabel Gonzalez said on Aug. 3 that the company was ending operations after struggling to find a sustainable business model without changing the principles behind the project.\nPOAP became known for blockchain-based attendance badges used at conferences, online communities and other events. Before the wind-down announcement, the project had produced nearly 7.6 million collectibles through more than 46,000 issuers. POAP’s shutdown followed more than five years of operations despite adoption by groups including Coinbase and American Express.\nGonzalez attributed the decision to crypto funding cycles, distribution models and the difficulty of building on a fast-changing technology stack. She said POAP’s existing on-chain collectibles would remain on public blockchains, though the company did not announce a final date for every service to stop.\nNo statement from Worthalter has linked the Oct. 5 Gemini transaction to POAP’s wind-down.\nEthereum faces another test with Glamsterdam on Oct. 6\nOutside the exchange transfers, Ethereum’s next scheduled network event arrives on Oct. 6. The Ethereum Foundation confirmed that the Glamsterdam upgrade will activate on the Sepolia testnet at 13:53:36 UTC. The upgrade combines changes to Ethereum’s execution and consensus layers, including enshrined proposer-builder separation and block-level access lists.\nMainnet activation has not been scheduled. The Ethereum roadmap currently places Glamsterdam in the fourth quarter of 2026, with the final timing dependent on public testnet results.\nEthereum’s Oct. 6 Glamsterdam test will move the scaling upgrade onto Sepolia before later deployment stages. Sepolia node operators must update both execution and consensus clients before the fork. Ethereum Foundation guidance states that regular ETH holders do not need to take any action for the Sepolia activation.\n\n\n  \n\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        \n\n\n\n\n\n\n                Read more:\n            \n\n                Visa and ADI Foundation team up on blockchain powered digital payments","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}