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Tag: ethereum

  • Ethereum Price Prepares for Upside Move—Is the Rally About to Return?

    Ethereum price started a fresh increase above $3,150. ETH is now consolidating and might soon aim for a clear upside break above $3,350.

    • Ethereum started a downside correction from the $3,450 zone.
    • The price is trading above $3,200 and the 100-hourly Simple Moving Average.
    • There is a new connecting bullish trend line forming with support at $3,180 on the hourly chart of ETH/USD (data feed via Kraken).
    • The pair could continue to move down if it settles below the $3,150 zone.

    Ethereum Price Holds Support

    Ethereum price managed to stay above $3,150 and started a fresh increase, beating Bitcoin. ETH price gained strength for a move above the $3,300 and $3,320 resistance levels.

    The bulls even pushed the price above $3,400. However, the bears were active below $3,450. A high was formed at $3,448 and the price is now correcting gains. There was a move below $3,250, and the price even spiked below the 50% Fib retracement level of the upward wave from the $2,914 swing low to the $3,448 low.

    However, the bulls were active near $3,150. Ethereum price is now trading above $3,200 and the 100-hourly Simple Moving Average. Besides, there is a new connecting bullish trend line forming with support at $3,180 on the hourly chart of ETH/USD.

    Source: ETHUSD on TradingView.com

    If there is another upward move, the price could face resistance near the $3,290 level. The next key resistance is near the $3,320 level. The first major resistance is near the $3,350 level. A clear move above the $3,350 resistance might send the price toward the $3,400 resistance. An upside break above the $3,400 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,450 resistance zone or even $3,500 in the near term.

    Another Decline In ETH?

    If Ethereum fails to clear the $3,320 resistance, it could start a fresh decline. Initial support on the downside is near the $3,200 level. The first major support sits near the $3,150 zone.

    A clear move below the $3,150 support might push the price toward the $3,040 support. Any more losses might send the price toward the $3,020 region. The next key support sits at $3,000.

    Technical Indicators

    Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone.

    Hourly RSI – The RSI for ETH/USD is now above the 50 zone.

    Major Support Level – $3,180

    Major Resistance Level – $3,350

    Aayush Jindal

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  • MegaETH Admits ‘Sloppy Execution,’ Vows to Return Pre-Launch Funds

    MegaETH assured users their contributions would not be forgotten, but clarified that every message or update must now follow compliance standards during the refund process.

    MegaETH announced that it will return all funds deposited into its Pre-Deposit Bridge. The Ethereum Layer 2 scaling solution reversed a pre-launch campaign intended to preload collateral for USDm, the native stablecoin of the network’s upcoming Frontier mainnet.

    The team said the execution of the event “was sloppy,” while noting that user expectations around an initial $250 million cap became misaligned with its goal of guaranteeing 1:1 USDm conversion at launch.

    MegaETH Pulls the Plug

    According to the project, the refund process will be handled by a new smart contract currently under audit, with reimbursements issued once the review is complete. MegaETH detailed a series of technical and operational failures that unfolded during the pre-deposit process, beginning with transactions failing at launch due to an incorrect SaleUUID, which required a 4-of-6 multisig update, and compounded by strict rate limits applied by Sonar, the KYC provider, that blocked large portions of user traffic.

    Once service was restored, deposits opened unexpectedly early, and the $250 million cap was filled within minutes by users who were refreshing the page. Meanwhile, others who were relying on official communication were unable to participate. A subsequent decision to raise the cap to $1 billion was derailed when an incorrectly configured 4-of-4 multisig transaction allowed an external party to execute the cap-increase approximately 34 minutes early, reopening deposits and pushing contributions past $400 million.

    Attempts to reset the cap to $400 million and later to $500 million failed as inflows outpaced transaction confirmations, prompting the team to halt the process entirely. MegaETH stressed that no funds were at risk and that depositor contributions “will not be forgotten,” but said all communications must follow compliance standards. The project confirmed that USDm remains central to its ecosystem and that the USDC-USDm conversion bridge will reopen ahead of the Frontier mainnet to build deeper liquidity and ease user onboarding.

    Another Pre-Deposit Controversy

    A similar incident surfaced last month during Stable’s pre-deposit rollout, which offered a point of comparison for MegaETH’s current reset. Stable, a Layer 1 blockchain focused on stablecoin transactions, faced scrutiny during the first phase of its pre-deposit campaign after on-chain data showed that most deposits were made by a small cluster of large wallets before the official opening.

    The $825 million cap for Phase 1 was reached in about 22 minutes. This eventually prompted allegations of front-running and insider involvement from community members who said the early inflows left little room for retail participants.

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  • Solana Reclaims Crucial Resistance Despite First SOL ETF Outflows – 25% Rally Ahead?

    As the crypto market rebounds from the recent lows, Solana (SOL) has reclaimed a crucial level, nearing a key resistance area that could set the stage for a long-awaited price recovery rally, according to some market watchers.

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    Solana Bounces Despite ETF Outflows

    The crypto market has surged above the $3 trillion mark for the first time in a week, with Bitcoin, Ethereum, and most leading cryptocurrencies reclaiming crucial support levels lost during the latest market pullback.

    Solana joined the market rally and jumped from the recently recovered $135-$140 area to the upper zone of its local range on Wednesday afternoon. Notably, the altcoin has been trading between the $130-$145 price range over the past two weeks, briefly losing the lower boundary during last week’s correction.

    This week, SOL’s price has reclaimed some crucial ground, surging over 10% since Monday’s opening and nearing the $145 resistance. Amid this performance, analyst Ted Pillows noted institutional participation, as SOL treasury companies have started to show early signs of recovery.

    He also highlighted that Solana Exchange-Traded Funds (ETFs) have experienced record inflows this month despite the correction. According to Farside Investors’ data, the SOL-based investment products have registered $613 million in inflows since their launch on October 28.

    It’s worth noting that throughout the recent pullbacks, Solana funds have seen a strong demand, with a 22-day positive streak while the altcoin’s price descended to multi-month lows.

    However, as its price recovered, SOL’s ETFs registered their first negative in nearly a month. 21Shares’ TSOL, which launched a week ago, saw $34 million in outflows on Wednesday, outshining the over $13 million and $10 million in inflows of Bitwise’s BSOL and Grayscale’s GSOL. As a result, the whole category recorded net outflows of $8.1 million.

    In his analysis, Ted Pillows also noted that “It seems like SOL has bottomed for a while, but institutional buying needs to accelerate here. Otherwise, it won’t take long for Solana to make new lows.”

    SOL Ready For December Recovery?

    Analyst Ali Martinez suggested that Solana’s pain might be over as its price “usually bottoms when investors capitulate… And for the past two weeks, that’s exactly what’s been happening.”

    According to the chart, SOL’s price has historically found a floor when the Net Unrealized Profit/Loss (NUPL) indicator reaches the capitulation zone, which it has recently fallen to. Meanwhile, Crypto Patel highlighted that Solana is breaking out of a one-month downtrend, which could trigger a 25% recovery rally near the key $180 barrier in the coming weeks.

    Another market observer warned that the altcoin is “walking straight into the lion’s den” as its price nears the $144-$146 resistance levels. Trader Mr. Ape noted that Solana’s price has been rejected three times from this heavy supply area, and momentum “is slowing again as we hit the zone.”

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    To the trader, this is the crucial level to watch, as another rejection could send the price to the $132 support, where strong demand lies from the previous bounce. On the contrary, a successful breakout from this level and reclaiming it as support could confirm the shift and trigger a surge to the $157 area.

    As of this writing, Solana is trading at $142, a 7.7% increase on the weekly timeframe.

    SOL’s performance on the one-week chart. Source: SOLUSDT on TradingView

    Featured Image from Unsplash.com, Chart from TradingView.com

    Rubmar Garcia

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  • Ethereum’s End-Of-Year Rally Still At Play? Analysts Eye 50% December Jump

    Ethereum (ETH) is attempting to bounce from the market’s Q4 correction, retesting the $3,000 barrier once again. As we approach the end of November, some market observers have suggested that the end-of-year rally may still be possible in the coming weeks.

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    Ethereum Eyes $3,000 Ahead Of Key Upgrade

    On Wednesday, Ethereum experienced a 4.4% daily surge, retesting the $3,000 level for the first time in nearly a week. The cryptocurrency has been trading within the $2,680-$2,980 price range amid the latest market-wide correction, which also saw Bitcoin (BTC) lose some crucial support levels.

    At the start of the week, the King of Altcoins broke above the $2,900 area, attempting to retest the next key resistance over the past two days but ultimately failing to reclaim it. Analyst Ted Pillows highlighted this performance, noting that ETH “tapped the $2,950-$3,000 zone again and got rejected.”

    Per the post, until Ethereum successfully reclaims this level, “the chances of a new low are high.” On the contrary, if the cryptocurrency breaks above this zone with strong volume in the coming days, investors could “expect a rally towards the $3,400 level.”

    The analyst also suggested that the altcoin could see a remarkable recovery rally next week, driven by the upcoming Fusaka upgrade. As he explained, ETH soared around 50% after the network’s Pectra upgrade in May.

    As reported by NewsBTC, the upgrade introduced a series of improvements to increase transaction capacity, enhance efficiency, and reduce system stress. Following the implementation, the cryptocurrency rallied from the $1,800 level to the $2,700 area in a week, which was later followed by an 80% jump in Q3 to its latest all-time high (ATH) of $4,946.

    Now, the Fusaka upgrade is the network’s biggest update since The Merge and is expected to come on December 3, “to relieve one of the network’s most pressing bottlenecks: data availability for rollups,” VanEck explained in October.

    Based on this, Ted Pillows suggested that if ETH repeats its post-Pectra performance with the new upgrade, the altcoin’s price could soar above the $4,000 resistance in the next few weeks.

    End-Of-Year Rally Underway?

    Market watcher Merlijn The Trader also suggested that Ethereum could see another leg up soon, as it is “repeating a textbook wave structure” it has printed multiple times since hitting the bear market bottom in mid-2022.

    “Wave 1: Kicked off the cycle. Wave 2: Is shaking weak hands. wave 3: Where parabolas form,” the trader explained on X, noting that ETH could be ending its corrective move and potentially see another rally in the coming weeks.

    “This pattern printed 3 times before. Each time, ETH went vertical. Now it’s flashing again,” he stated. Similarly, Michaël van de Poppe highlighted Ethereum’s trading pair against Bitcoin, affirming that investors should keep an eye on the chart.

    Notably, ETH is retesting a multi-month downtrend line resistance against BTC, and could “see a strong breakout upwards in the coming weeks.” “This cycle is far from over,” van de Poppe added.

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    Meanwhile, Rekt Capital noted that Ethereum Dominance continues to occupy an area that served as a consolidation zone before the 2021 rally. “As long as ETHDOM can maintain itself above 10.05% then it should be positioned for higher market dominance levels over time,” the analyst concluded.

    As of this writing, ETH trades at $3,023, a 2% increase in the weekly timeframe.

    ETH’s performance on the one-week chart. Source: ETHUSDT on TradingView

    Featured Image from Unsplash.com, Chart from TradingView.com

    Rubmar Garcia

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  • Ethereum Hovers at Make-or-Break Price Level That Defined Entire Cycle

    Ether prices are at a critical point that bulls need to defend to prevent another major dump.

    “ETH decision time here,” said analyst “Daan Crypto Trades” on Monday in reference to a critical price zone that needs to be defended.

    Ether is trading above a significant $2,800 level, which has acted as a strong support and resistance throughout this entire cycle, he observed.

    “Price is finding some sort of support for the time being, but it is essential for the bulls to defend this area.”

    Earlier this year, this price level served as resistance before the asset finally broke out in July. In 2024, it served as support during the Ether rally.

    Bulls Currently Defending

    A break below this level could see ETH prices crash to the next major support zone, which is around $2,170. Resistance currently lies just above $3,400, making it the next target for the bulls.

    Ether has begun a recovery from its Friday dip below $2,700, tapping $2,980 in late trading on Monday, but it failed to top the psychological $3,000 barrier. The asset was trading at $2,930 at the time of writing, down 40% from its all-time high three months ago.

    “ETH is extremely undervalued at $2,900,” opined analyst “Borovik,” and added: “ETH is about to get exponentially cheaper, faster, and will scale faster than ever before. 2026 will be a MASSIVE year for Ethereum.”

    Meanwhile, spot Ether ETFs have seen a reversal in flows following an eight consecutive trading day outflow streak. BlackRock’s ETHA fund scooped up $88 million worth of the asset on Monday, making the aggregate flow positive again.

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    Ether DATs Hodl On

    Ethereum digital asset treasuries are also continuing to accumulate and didn’t panic sell like the weak-handed retail traders. Tom Lee’s BitMine scooped around 70,000 ETH during last week’s market rout, bringing its treasury to a milestone 3% of the total supply. Its stock also surged nearly 20% on Monday as the asset started to recover.

    Ether DATs now hold more of the asset than ETFs, with 6.36 million ETH or 5.26% of the total supply, according to StrategicEthReserve.

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    Martin Young

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  • On-Chain Proof: The Crash Was a Bitcoin Panic, Not an Ethereum Collapse

    Ethereum’s supply mechanics limited selling pressure, keeping losses smaller than typical Bitcoin corrections.

    Bitcoin’s violent slide from around $107,000 on November 11 to lows near $81,000 on November 21 has rattled traders across the market.

    However, new on-chain data shows this was first and foremost a Bitcoin panic, not an Ethereum meltdown.

    A Tale of Two Sell-Offs

    Analysis from XWIN Research Japan shows how the October–November correction split the two majors. Indexed from October 1, Bitcoin dropped into the low-70s by late November, while Ethereum slid into the high-60s.

    Historically, a 30% pullback in BTC has often meant a 40–50% hit for ETH, but this time the gap stayed unusually narrow, signaling that the latter held up better than usual even as fear spread.

    The reason sits on-chain. Since the Merge, a growing share of ETH is locked in staking, while EIP-1559 continues to remove coins from circulation during busy periods. That means there are fewer tokens available to dump when the market panics.

    By contrast, Bitcoin saw a clear liquidation spike on November 21, matching reports of nearly $2 billion in wiped-out positions in a single day as the asset briefly slid toward $81,000 before bouncing back above $84,000 and later reclaiming levels near $88,000 over the weekend.

    BTC is currently trading around $86,000, down about 10% on the week, 19% over two weeks, and 23% on the month. On its part, ETH is sitting near $2,800, which is about 12% lower on the week, 22% down over 14 days, and 29% lower on the month; painful, but not the outsized damage of past cycles.

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    Meanwhile, Bitcoin’s MVRV ratio, a key on-chain valuation gauge, has dropped from around 2.5 earlier in 2025 to roughly 1.5 in this selloff, a zone that has often marked deep mid-cycle resets rather than final tops.

    ETH Leverage Is a Time Bomb, but Supply Is on Its Side

    Despite the seemingly positive news for the world’s second-largest digital asset, other market technicians have said that the calmer ETH spot picture hides a dangerous build-up in derivatives.

    According to CryptoOnchain, Ethereum’s estimated leverage ratio on Binance climbed to a record 0.562, even as the price fell from about $4,200 to $2,800.

    In other words, traders kept piling into leveraged longs while the chart trended lower, leaving the market exposed to another wave of liquidations if the cryptocurrency takes one more leg down.

    Elsewhere, analysts are calling the current climate a “Zebra Market,” a term coined by XWIN Research to describe an environment defined by sharp, black-and-white price swings rather than a sustained bull or bear trend.

    In such conditions, on-chain data becomes a critical tool for separating signal from noise, and for now, they frame this episode as a BTC-led flush in a choppy mid-cycle, not the start of an Ethereum breakdown.

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    Wayne Jones

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  • Who’s Selling? Here’s The Demographic Driving The Bitcoin, Ethereum, And Dogecoin Price Crash

    Recent data has revealed the demographics of sellers driving the Bitcoin, Ethereum, and Dogecoin crash. The Coinbase BTC premium index also continues to drop further in the red, which strengthens the case of where exactly the sell pressure is coming from.

    The Demographic Behind The Bitcoin, Ethereum, And Dogecoin Price Crash

    In an X post, crypto pundit Crypto Rover noted that the U.S. session has been the weakest trading session so far this month. The pundit further shared an accompanying chart, which showed that BTC has suffered a loss of around 12% in the U.S. session since the start of November, also leading to the Ethereum and Dogecoin crash. 

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    Meanwhile, the EU has had the second-weakest session after the U.S., with Bitcoin dropping around 12% in this session since the start of this month. The Asian session has been the least volatile, with BTC trading sideways, recording a drawdown of only about 2% since the start of November. Ethereum, Dogecoin, and altcoins have also been stable during the Asian trading session. 

    Source: Chart from Crypto Rover on X

    Crypto pundit Bossman also indicated that the U.S. was responsible for most of the sell pressure that is driving the Bitcoin, Ethereum, and Dogecoin crash. In an X post, he noted that every single American session is marked by relentless selling for hours. Meanwhile, the Asians wake up, buy it all back, and then the Americans wake up, and the selling begins again.

    Notably, the Bitcoin, Ethereum, and Dogecoin prices record increased volatility whenever the U.S. stock market opens, with market commentator Zerohedge attributing it to the ‘10 am slam’ by market algos. This indicates that institutional investors are heavily contributing to the market crash. This is evident in the significant outflows recorded by Bitcoin ETFs in recent times. These funds have recorded five daily net outflows over the last seven days, according to SoSoValue data.

    Coinbase BTC Premium Index In The Red

    CoinGlass data shows that the Coinbase Bitcoin premium index is in the red, further confirming that most of the sell pressure driving the BTC, Ethereum, and Dogecoin crash is coming from the U.S. Typically, a negative premium indicates that the BTC price on Coinbase is lower than the average global price, which signals weak demand from U.S. investors. 

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    Crypto researcher Kyle Soska noted that Bitcoin and Ethereum are roughly 10 days into a derisking event by U.S.-based entities, likely a combination of ETF users and large private, ultra-high-net-worth individuals. He further remarked that this places the market near the end of the selling episode based on historical data. 

    Soska opined that the first of a near-term bottom would be a mean reversion of the Coinbase-Binance spot discount from its current level of around -$110 back to a more normal level range of around $40. 

    At the time of writing, the Bitcoin price is trading at around $85,000, down over 6% in the last 24 hours, according to data from CoinMarketCap.

    Bitcoin
    BTC trading at $83,783 on the 1D chart | Source: BTCUSDT on Tradingview.com

    Featured image from Pixabay, chart from Tradingview.com

    Scott Matherson

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  • Classic Bottom? ETH Hits $2.8K Realized Price as Whales Accumulate

    Ethereum briefly dropped to $2,872, tagging a key on-chain support zone that analyst MAC_D says resembles a “classic bottom.”

    Ethereum (ETH) briefly touched a critical low of $2,870 on Wednesday, testing a vital on-chain support level that has historically signaled market bottoms.

    According to an on-chain assessment by analyst MAC_D, this price point represents a cluster of the ‘realized price’ for both retail and large-scale investors, suggesting a potential foundation for a rebound is forming even as smaller wallets sell off.

    $2.8K Realized Price Cluster Marks “Classic Bottom” Zone

    In their latest report on CryptoQuant, MAC_D noted that, historically, such realized price zones have often marked major bottom areas, as long-term investors step in while short-term traders exit.

    The market technician pointed out that the latest drop below $2,900, driven by risk-off sentiment before Nvidia’s earnings report, was followed by a swift rebound after the chipmaker beat expectations, lifting both U.S. equities and crypto.

    At the same time, there is a clear split in behavior, with smaller wallets selling into weakness, while whale wallets holding over 10,000 ETH have kept accumulating as prices go lower. According to the expert, that shift in supply from impatient traders to larger, long-term players is also typically seen during late-stage bottom formation.

    In addition, liquidation data also points to fading forced-selling pressure. MAC_D highlighted that each fresh local low now comes with a much smaller wave of long liquidations, suggesting over-leveraged bulls may have already been flushed out.

    Meanwhile, short positioning has grown, meaning even a modest bounce could squeeze bears in what remains a relatively thin order-book environment.

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    High Leverage and Key Liquidity Zones

    At the market, Ethereum’s performance has been challenging. While its current value of around $3,020 per CoinGecko represents a slight 1% dip in the last 24 hours, it is down almost 15% over the past week and an even more dire 22% across the last month.

    At the same time, the asset’s estimated leverage ratio (ELR) on Binance recently hit a record 0.5617 as the price drifted in a tight band around $3,000. And with both long and short traders piling in while spot remains relatively flat, experts at Arab Chain warned that the market is “building internal pressure” and is increasingly prone to a violent break in either direction.

    Observers are also watching nearby liquidity pockets as potential magnets for the next move. Analyst Crypto Patel noted on November 19 that Ethereum had confirmed a “Break of Structure” at $2,940, but identified a zone of price inefficiency, known as a “Fair Value Gap,” between $3,270 and $3,360. They estimated that a move to fill this gap would require a 14 to 15% increase from current levels.

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  • Ethereum Rebounds Modestly While Bulls Struggle Against Overhead Resistance

    Ethereum price failed to stay above $3,050 and tested $2,950. ETH is now attempting to recover but faces resistance near $3,150.

    • Ethereum started a fresh decline after it failed to stay above $3,150.
    • The price is trading below $3,120 and the 100-hourly Simple Moving Average.
    • There is a key bearish trend line forming with resistance at $3,150 on the hourly chart of ETH/USD (data feed via Kraken).
    • The pair could continue to move down if it settles below the $3,065 zone.

    Ethereum Price Attempts Recovery

    Ethereum price failed to continue higher above $3,200 and started a fresh decline, like Bitcoin. ETH price dipped below $3,150 and entered a bearish zone.

    The decline gathered pace below $3,050 and the price dipped below $3,000. A low was formed at $2,941 and the price is now correcting some losses. There was a move above the 50% Fib retracement level of the recent decline from the $3,217 swing high to the $2,941 low.

    Ethereum price is now trading below $3,120 and the 100-hourly Simple Moving Average. If there is another recovery wave, the price could face resistance near the $3,150 level and the 76.4% Fib retracement level of the recent decline from the $3,217 swing high to the $2,941 low. There is also a key bearish trend line forming with resistance at $3,150 on the hourly chart of ETH/USD.

    Source: ETHUSD on TradingView.com

    The next key resistance is near the $3,220 level. The first major resistance is near the $3,250 level. A clear move above the $3,250 resistance might send the price toward the $3,320 resistance. An upside break above the $3,320 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,450 resistance zone or even $3,500 in the near term.

    Another Decline In ETH?

    If Ethereum fails to clear the $3,150 resistance, it could start a fresh decline. Initial support on the downside is near the $3,065 level. The first major support sits near the $3,020 zone.

    A clear move below the $3,020 support might push the price toward the $2,950 support. Any more losses might send the price toward the $2,880 region in the near term. The next key support sits at $2,750 and $2,740.

    Technical Indicators

    Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone.

    Hourly RSI – The RSI for ETH/USD is now above the 50 zone.

    Major Support Level – $3,065

    Major Resistance Level – $3,150

    Aayush Jindal

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  • Analyst Sees Ethereum Outperforming Bitcoin to New ATH First


    ETH/BTC is holding local support with “untapped liquidity” to the upside, suggesting stronger upside potential for Ethereum than Bitcoin.

    A crypto commentator is making the case that Ethereum (ETH) is positioned to outperform Bitcoin (BTC) and reclaim its all-time high (ATH) before the market leader does.

    This view has emerged as both digital assets test crucial support levels following a sharp market-wide correction.

    Technical Rationale

    In a series of posts on X, analyst CrediBULL Crypto laid out a detailed argument for ETH’s potential outperformance. They suggested that Ethereum could find a market bottom shortly and then initiate a more powerful upward move than BTC.

    This assessment points to two key chart observations: the ETH/BTC trading pair is holding local support with significant “untapped liquidity” to the upside, and individual Ethereum charts are showing a more favorable liquidity setup compared to Bitcoin.

    “Combining these two, we can conclude that if we are to bottom here soon, then it’s more likely that ETH hits a new ATH before $BTC,” wrote the trader.

    However, according to CrediBULL, many traders are dismissing this possibility due to an inability to analyze charts properly or because prevailing negative sentiment has clouded their judgment.

    Supporting the idea of a potential market turnaround, fellow expert Michaël van de Poppe noted that the Crypto Fear & Greed Index recently hit its lowest point in nine months, signaling extreme fear. Based on historical data, such sentiment often comes right before a rebound.

    Additionally, Van de Poppe confirmed that a key CME gap for Bitcoin, around $91,500, has been filled. From a technical perspective, the analyst highlighted that the gap between Bitcoin’s price and its 20-day moving average is quite large, which also usually precedes a bounce. As such, he anticipates a consolidation period before a continuation upward.

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    Pressures Affecting ETH and BTC

    Looking at the markets, Bitcoin is currently trading around $93,000, down some 11% for the week. Meanwhile, ETH has faced even greater pressure, changing hands near $3,150 after a 12% drop in the last seven days.

    Different forces appear to drive this sell-off for each asset. For Ethereum, on-chain data reveals substantial selling from major holders, with a November 18 report showing that wallets holding 1,000 to 10,000 ETH sold approximately 230,000 coins over the past week, coinciding with the price fall from around $3,600 to just over $3,200.

    Furthermore, a lack of new investors may be slowing momentum. An analysis from CryptoQuant indicates that new depositor activity on the Ethereum network has remained flat, even during its recent test of the $4,000-$5,000 range. This suggests the rally was fragile, likely driven by internal liquidity rather than new external demand.

    At the same time, for BTC, the price difference between Coinbase Pro and Binance, known as the Coinbase Premium Gap, has fallen to -$90, near its lowest level this year. This indicates that retail traders on Binance are currently dominating the market, while institutional investors on Coinbase are inactive or selling. Such a shift often leads to increased volatility and selling pressure until larger buyers return.

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  • Crypto Carnage Continues — Tom Lee Exposes What’s Really Going On

    The global crypto market pulled back to about $3.23 trillion on Monday, down close to a percent from recent levels, and signs of weakness were visible across most top tokens.

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    According to market trackers, investor mood is chilled — the Fear and Greed Index sits at 18, labeled extreme fear — and the average Relative Strength Index for major coins hovers near 41, a reading that leans toward oversold conditions.

    Bitcoin was trading around $95,400 while Ethereum hovered near $3,155, with many large-cap assets showing only small daily moves.

    Source: Alternative.me

    Tom Lee Issues Long-Term Take

    According to Tom Lee, BitMine chairman and an early Bitcoin bull at Fundstrat, the current pullback does not wipe out the potential for much larger gains down the road.

    Lee noted that Bitcoin rose roughly 100x from his first recommendation back in 2017, when the price was near $1,000, and he suggested Ethereum may be at the start of a similar long-term run.

    He cautioned that investors who benefited from past rallies had to endure extreme drops — some as deep as 75% — and said present volatility could be the market “discounting a massive future.”

    Short-Term Signals Point To Oversold Conditions

    Market technicians and on-chain analysts are pointing to clear short-term stress. The Fear and Greed Index at 18 is one headline figure. Average RSI readings near 41 imply more selling than buying momentum right now.

    Based on reports from CryptoQuant, Ether trading around $3,150 sits roughly $200 above the mean cost basis held by long-term accumulators — a level that could act as support if those holders remain patient.

    Bitcoin, by comparison, has pulled back about 20% from its recent peak, while Ethereum has fallen more than 30% from its high.

    Ether Holder Levels Close To Historic Peaks

    Ethereum’s path this year diverged from Bitcoin for a while: ETH topped out at $4,940 in August, while Bitcoin pushed to a peak above $126,000 in October.

    That gap left Ether lagging for months even as Bitcoin made fresh highs. Now, with ETH nearer to where long-term holders bought in, some analysts see a potential floor forming.

    BTCUSD now trading at $95,592. Chart: TradingView

    Reports have disclosed that these accumulators have been “patiently stacking,” and their cost positions matter for near-term price action.

    Altcoins Show Little Momentum

    Smaller large-cap coins are holding weaker ground. XRP was trading near $2.20, BNB around $932 and Solana close to $138, with most of last week’s gains fading.

    Other popular tokens — Tron, Dogecoin, Cardano, Chainlink, Hyperliquid and Zcash — are under light selling pressure and low net movement, suggesting market-wide caution rather than a single-asset sell-off.

    Related Reading

    Bigger Players, Liquidations And The Outlook

    Lee added that he expects signs of recovery and stability within six to eight weeks. He advised against using borrowed funds now, warning that forced sell-offs can accelerate losses.

    According to his remarks, aggressive positions designed to trigger liquidations by large firms can amplify price swings. He cautioned that some of the sharper moves may be tied to stress among big market makers.

    Featured image from Unsplash, chart from TradingView

    Christian Encila

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  • Bitcoin Plunges to Six Month Low as Crypto Traders Worry We’re Nowhere Near the Bottom

    Bitcoin’s price sank on Friday, dipping below $95,000 before recovering slightly by early afternoon ET. The price currently sits at $95,400, down 3.2% on the day and down 15% from a month ago.

    Bitcoin hit a six-month low Friday as the price of cryptocurrencies seemed to be largely tracking the stock market, which frequently happens. Markets opened lower on Friday before similarly rebounding. The S&P 500 is down 1.2% this month, according to CNN, and the Dow is down 0.6%.

    Crypto traders often think of themselves as being part of a new financial system, independent of whatever is happening on Wall Street. But price fluctuations often mirror the Dow Jones and NASDAQ, and can often seem even more dramatic with wild swings.

    Bitcoin traders often believe they can predict where prices are headed, leading to all kinds of theories that get picked up in the crypto press and applied to Bitcoin. The worrisome chart of the day seems to be the “classic five-phase Wyckoff Distribution,” which CoinTelegraph warns might mean Bitcoin could fall to as low as $86,000. They may as well be reading tea leaves and animal entrails, of course. But gamblers love to have a system.

    Three weeks ago, CoinTelegraph ran an article about how Bitcoin could be on track to hit $200,000 by the end of this year. As in 2025. As in six weeks from now.

    Bitcoin’s price hit an all-time high above $126,000 back on Oct. 6 but has struggled over the past month as investors pull their money out. Bitcoin magazine reports that roughly 815,000 BTC worth almost $79 billion has been sold by long-time holders in the past 30 days.

    The price of other major cryptocurrencies was largely down on Friday, with Ethereum down 1.5% on the day (down 30% over the past three months) and XRP down 2.4% (down 27.4% over the past three months). Binance’s BNB seemed to be the exception to the daily trend, up 0.4% on the day and up 7.62% over the past three months. However, BNB is way down (23.4%) from the highs it reached a month ago, when Bitcoin was also doing well.

    If the history of Bitcoin over recent years is any guide, the price is likely to track whatever the stock market does. If you think the U.S. economy is strong and it will continue to get better, you should probably put your money on Bitcoin going up. If you think the economy is weakening and stocks are likely to plunge in the future, you should probably bet on Bitcoin’s price going down.

    And if you think that the underlying economy struggling could act like a house of cards to crypto and give us a Sam Bankman-Fried scenario, you really should not bank on Bitcoin going up. SBF got in trouble because he was playing with funny money and ran out of the real stuff to gamble with.

    Nobody knows for certain what the future holds. The price of Bitcoin could go up or it could go down.

    Matt Novak

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  • Crypto Bros’ Mistrial Was Such an ‘Emotional Burden’ for Deadlocked Jurors That ‘Half’ of Them Cried

    In May of last year, two brothers in their 20s were arrested for what the Justice Department at the time called “attacking the Ethereum blockchain and stealing $25 million.” Attacking the blockchain does sound like a cool, sci-fi crime, but the brothers maintained that they were just aggressive traders, not criminals, and yesterday, their prosecution culminated in what sounds like a very stressful mistrial.

    The prosecution’s case was that Anton Peraire-Bueno and James Pepaire-Bueno set a trap that amounted to fraud. Prosecutors said they preyed upon crypto trading bots that moved digital money around on behalf of, apparently, three entities tied to actual human beings—although only one, David Yakira, ever came forward as an alleged victim. The trading bots were targeted because they were performing what are known as “sandwich transactions,” and were allegedly lured into situations that caused them to glitch out and release valuable tokens in exchange for, well, shitcoins.

    Then the brothers allegedly tried to launder their winnings.

    Performing digital muggings (allegedly!) on bots that perform sandwich transactions required extreme sophistication, and the ability to spot an exploit that wasn’t expressly forbidden in the Wild West universe that is crypto land.

    The nature of the scheme also seems like a bid for a Robin Hood-type vigilante reputation. Sandwich transactions are legal, but are perceived as parasitic arbitrage plays, or at the very least extremely irritating—essentially just gaming unsuspecting people’s transactions to set the price where the, if you will, sandwich artisan wants it in order to make a quick buck at the expense of a sucker with no recourse. In other words, it appears the brothers correctly predicted the rather nasty behavior of some bots, slipped in some sketchy code, and came away with $25 million.

    So were these brothers grifters, or just aggressive traders with what their lawyer called a very good “trading strategy”?

    According to Business Insider, the Pepaire-Bueno brothers faced a Manhattan jury specifically chosen to pry apart these fuzzy distinctions, with half of them holding masters degrees of one sort or another. “Almost all,” Business Insider noted, were either middle-aged or retirement-aged.

    Welp, in the course of a three week trial, that ambiguity was apparently not resolved to the unanimous satisfaction of the jury, and things sound like they got intense for this unhappy group of 12 people.

    According to Bloomberg’s account of the mistrial declaration, while an anonymous juror later explained that the facts of the case were not in dispute, at some point on Friday, the jury pleaded with the judge for help coming to a resolution. Some had lost “multiple nights” of sleep. Then later in the day, a note from the jury said that coming to a decision was placing them under an “emotional burden” and that half of the jurors had “spontaneously broken down in tears” while they were deliberating.

    So U.S. District Judge Jessica Clarke went ahead and declared a mistrial Friday.

    To be clear, a deadlocked jury doesn’t necessarily free the Peraire-Bueno brothers, but it is unwelcome news for prosecutors, who will naturally want to retry the brothers in the hopes of getting a conviction. But they do so with the burden of having already fought to a stalemate, which can’t be any better for morale than the fact that deliberating on the details of this highly technical case made a jury cry.

    Mike Pearl

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  • Ethereum Weakens Again, Bulls Unable to Spark Meaningful Recovery

    Ethereum price started a fresh decline from $3,480. ETH is struggling to recover and is now at risk of another decline below $3,250.

    • Ethereum started another bearish wave after it settled below $3,450.
    • The price is trading below $3,400 and the 100-hourly Simple Moving Average.
    • There is a new bearish trend line forming with resistance at $3,380 on the hourly chart of ETH/USD (data feed via Kraken).
    • The pair could continue to move down if it trades below $3,250.

    Ethereum Price Dips Again

    Ethereum price failed to stay in a positive zone and started a fresh decline from $3,480, like Bitcoin. ETH price declined below $3,420 and $3,400.

    It seems like the bears defended the 50% Fib retracement level of the downward move from the $3,920 swing high to the $3,058 low. There is also a new bearish trend line forming with resistance at $3,380 on the hourly chart of ETH/USD.

    Ethereum price is now trading below $3,350 and the 100-hourly Simple Moving Average. If there is another recovery wave, the price could face resistance near the $3,350 level. The next key resistance is near the $3,380 level and the trend line.

    The first major resistance is near the $3,480 level. A clear move above the $3,480 resistance might send the price toward the $3,580 resistance and the 61.8% Fib retracement level of the downward move from the $3,920 swing high to the $3,058 low.

    Source: ETHUSD on TradingView.com

    An upside break above the $3,580 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,650 resistance zone or even $3,675 in the near term.

    Another Decline In ETH?

    If Ethereum fails to clear the $3,380 resistance, it could start a fresh decline. Initial support on the downside is near the $3,250 level. The first major support sits near the $3,220 zone.

    A clear move below the $3,220 support might push the price toward the $3,150 support. Any more losses might send the price toward the $3,050 region in the near term. The next key support sits at $3,020 and $3,000.

    Technical Indicators

    Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone.

    Hourly RSI – The RSI for ETH/USD is now below the 50 zone.

    Major Support Level – $3,250

    Major Resistance Level – $3,380

    Aayush Jindal

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  • Weakness In Major Cryptos: What Key Technical Metrics Indicate For Bitcoin, Ethereum, And Solana

    Despite a slight recovery in cryptocurrency prices on Wednesday, experts remain divided on the future direction of Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). The market is at a crossroads, with some analysts anticipating a deeper correction, while others see the potential for a renewed recovery.

    iShares Bitcoin Trust ETF Hits 52-Week Low 

    According to a report from Barron’s, all three cryptocurrencies have attracted attention from major exchange-traded fund (ETF) issuers and President Trump’s administration, spurring hopes that increased institutional adoption could help stabilize volatility. 

    Related Reading

    The iShares Bitcoin Trust ETF is currently trading more than 20% below its recent 52-week high, which was reached less than a month ago. This peak coincided with the formation of a bearish evening star pattern, and the ETF experienced a notable decline of 3% on October 7. 

    The drop below the $70 mark has added to the bearish sentiment, with the ETF declining in three of the last four weeks, closing within the lower half of its trading range. 

    This week alone has seen an 8% drop, and the ETF recently undercut its 200-day simple moving average, marking a steep 5.5% decline—the largest single-day drop since April 7. 

    For investors to regain confidence, analysts assert that it is crucial for the ETF to hold near current levels and reclaim the 21-day exponential moving average (EMA), a key indicator of bullish momentum. Historically, recoveries have taken about six sessions, as seen back in April.

    Ethereum ETF Faces 17% Weekly Decline

    Ethereum, represented through the Grayscale Ethereum Trust ETF, has experienced a more pronounced decline, now down 34% from its annual peak and showing a negative year-to-date performance of 5%. This week alone, the ETF has dropped 17%, roughly double the decline seen in the Bitcoin Trust ETF. 

    However, the sharp pullback follows a significant increase of over 220% from early April to late August, making the current retreat appear both prudent and necessary. 

    Notably, the fund has not yet pierced its 200-day simple moving average, having touched it recently while retesting a breakout above a bullish inverse head-and-shoulders pattern. 

    The behavior of the ETF around this critical moving average in the coming week will be crucial; if stability can be achieved, it may present an attractive buying opportunity. After facing resistance at the $40 level on August 22, recent price action could be forming a double-bottom base, provided that the recent lows hold.

    Heightened Concerns For Solana

    Solana’s performance has been the most concerning, with its ETF plummeting 41% from its most recent 52-week high set in September. This heightened volatility may reflect the asset’s relative newness, as it began trading only in April. 

    Related Reading

    The Solana ETF peaked on September 18 and has since formed a bearish island reversal pattern. Over the past seven weeks, it has fallen in five of those, with three weeks recording double-digit declines. 

    This week alone, the ETF has dropped another 19% through just two trading sessions. On the daily chart, a break below the bearish head-and-shoulders pivot at $19 raises concerns of a potential measured move down to $12.

    Ultimately, the report suggests that a potential recovery for the trio would imply further inflows into these exchange-traded funds. This would also indicate a new wave of bullish sentiment returning to the market. 

    The daily chart shows BTC’s increased volatility seen over the past month. Source: BTCUSDT on TradingView.com

    At the time of writing, Bitcoin is trading at $104,190, marking a 3% surge over the past 24 hours. During the same time frame, ETH and SOL also recorded gains of 5% and 4%, respectively. 

    Featured image from DALL-E, chart from TradingView.com 

    Ronaldo Marquez

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  • Solana Just Booked Its Second-Biggest Week in History Despite Choppy Market


    Fed hawkishness froze the market, leading to institutions dumping Bitcoin last week, yet Solana funds ballooned.

    Digital asset investment products recorded outflows of $360 million last week despite the market recently digesting yet another US interest rate cut. The selling pressure wasn’t driven by the rate cut itself, but by how investors read Fed Chair Jerome Powell’s language at the post-FOMC press conference.

    Powell made it clear that another cut in December is “not a foregone conclusion,” a surprisingly hawkish communication that appears to have knocked sentiment across the market, especially in the absence of any high-impact US macro data releases that could have helped traders re-anchor expectations.

    Doubling Down On Solana Exposure

    But while the overall flow number skewed negative, Solana emerged as the standout winner yet again after pulling in $421 million in inflows last week. This is the second-largest weekly figure on record, powered largely by inflows into the new US ETFs, which brought Solana’s year-to-date total to $3.3 billion, according to the latest edition of CoinShares’ Digital Asset Fund Flows Weekly Report.

    Ethereum also saw net inflows of $57.6 million, though the daily flow pattern still shows mixed conviction among investors. XRP came in next with $43.2 million, followed by Sui at $9.4 million, Litecoin at $1.5 million, Cardano at $0.7 million, and Chainlink at $0.5 million. Multi-asset ETPs added another $8.3 million.

    But the drag came from Bitcoin. US Bitcoin ETFs saw a massive $946 million in outflows.

    The United States remained the epicenter of last week’s fund pessimism, as $439 million exited from American-listed investment vehicles. Sweden added another $11 million in outflows during the same period. n. This weakness was partly counterbalanced by other regions. For instance, Germany welcomed $32 million while Switzerland saw $30.8 million.

    Canada, Australia, and Brazil managed smaller but positive totals of $8.5 million, $7.2 million, and $1.3 million.

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    $100K Bitcoin’s “Make-or-Break” Moment

    November has been choppy for the market, and there appears to be no signs of relief. Bitcoin has now spent 180 days above the $100,000 threshold, without a single daily close below it. Swissblock describes this zone as a structural floor and not just a psychological level, but an area built on heavy volume and high confluence. And that sets up November with a sharply asymmetric setup.

    If the crypto asset can continue defending this region, the bullish structure effectively resets, which is expected to give the market room for another upside leg. However, if this floor finally gives way, the analytics firm warned that the chart has very little support underneath.

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    Chayanika Deka

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  • Ethereum Stuck In Tight Price Range — Levels To Watch

    Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency.

    Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems.

    In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others.

    In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies.

    Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative.

    Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information.

    Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets.

    Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a “music nomad” always ready to listen to new artists and explore new trends.

    Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination.

    He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society.

    In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come.

    His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry.

    Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.

    Semilore Faleti

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  • Ethereum Support Band Under Pressure — Can Bulls Revive Momentum From $3,700?

    Ethereum is once again testing the strength of its key support band around the $3,700 zone, a level that has acted as a crucial lifeline for bulls in recent months. With momentum fading after repeated rejections near resistance, speculations are whether buyers can step in to spark a renewed push upward or if a deeper correction is on the horizon.

    ETH Pulls Back After Golden Pocket Rejection

    In his latest market update, Luca shared insights on Ethereum’s current technical setup, noting that the asset recently faced rejection at the high-timeframe resistance zone he had highlighted in earlier analyses. This rejection aligns with the golden pocket between the 0.5 and 0.618 Fibonacci points of interest (POIs). Following this rejection, Ethereum’s price has retreated into the broader accumulation range marked in green on his chart.

    Related Reading

    According to Luca, this accumulation zone has served as a strong reversal area in recent months, providing crucial support whenever price corrections intensified. It also coincides with the Weekly Bull Market Support Band, reinforcing its importance as a potential turning point in Ethereum’s next major move.

    ETH prepping for another upward attempt | Source: Chart from Luca on X

    Despite this, the analyst cautioned that the current market structure appears vulnerable to a breakdown. Luca emphasized that while he remains optimistic about Ethereum’s long-term potential, if the breakdown is confirmed, he plans to stay objective by hedging part of his spot holdings. Doing so, he believes, would help reduce exposure to downside volatility while keeping capital ready to re-enter the market once a more sustainable bullish reversal emerges.

    Luca concluded by reiterating his adaptive trading strategy, a balance between flexibility and discipline. By maintaining moderate cash positions and exposure to defensive assets, he ensures the ability to act quickly when clear opportunities arise while safeguarding capital during volatile market phases.

    Ethereum Holds The Mid-Range Support Zone Between $3,600–$3,700

    According to GrayWolf6, Ethereum is currently trading within a defined range between $3,900 and $3,100, with the price recently touching the mid-range support area around $3,600–$3,700. He noted that the Stochastic RSI is flashing a bullish signal, hinting at the potential for a short-term rebound from this zone as buyers begin to regain momentum.

    Related Reading

    GrayWolf6 further explained that since ETH reached $4,250 just a few days ago, another move toward the upper band remains a possibility. Should the price reclaim strength, the next upside target could extend to around $5,200.

    Despite this optimistic outlook, the analyst cautioned that Ethereum remains confined within the lower range, keeping the downside risk near $3,100 in play. He mentioned taking profits on his earlier short position and is now watching closely for signs of a bounce from this intermediate support level. For him, the strategy remains steady, risk-managed, positions hedged, and the next move is patiently waiting.

    Ethereum
    ETH trading at $3,836 on the 1D chart | Source: ETHUSDT on Tradingview.com

    Featured image from iStock, chart from Tradingview.com

    Godspower Owie

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  • $780M Worth of Ethereum Pulled From Exchanges – Biggest Withdrawal Spike in Weeks

    Ethereum (ETH) is struggling to break above the $4,000 mark and regain a clear bullish structure, with price action tightening after several failed attempts to reclaim momentum. The market remains cautious following recent volatility, and traders are watching closely to determine whether ETH will resume its uptrend or continue drifting lower. Analysts are currently split: some argue Ethereum’s fundamentals remain strong, fueled by network activity, scaling advancements, and institutional traction, while others point to increasing downside pressure and weakening market structure that could lead to a deeper pullback.

    Related Reading

    Despite the uncertainty in price, fresh on-chain data signals growing confidence among long-term participants. According to Santiment, more than 200,000 ETH — worth approximately $780 million — have been withdrawn from exchanges over the past 48 hours, marking one of the largest short-term outflow spikes this quarter. Such activity typically suggests accumulation, as investors move assets into self-custody rather than keeping them on exchanges to sell.

    Ethereum Supply on Exchanges | Source: Ali Martinez

    This divergence between price hesitation and heavy accumulation reinforces the current market debate. With liquidity dynamics shifting, Ethereum sits at a pivotal moment, and its ability to reclaim $4,000 will likely determine whether bullish momentum re-emerges heading into November.

    Large ETH Withdrawals Signal Investor Conviction As Market Shifts Toward Risk-On Environment

    The recent wave of large Ethereum withdrawals from exchanges further reinforces a growing theme in the market: investor conviction is strengthening. With more than 200,000 ETH moved into self-custody within 48 hours, many participants appear confident in Ethereum’s medium-term outlook, suggesting accumulation rather than distribution. Historically, substantial exchange outflows have coincided with accumulation phases ahead of major market advances, especially when paired with favorable macro shifts.

    For many analysts, Ethereum now sits at the center of a potential bullish impulse across altcoins. Despite its recent struggle to convincingly reclaim the $4,000 level, sentiment in the broader market remains constructive. ETH continues to benefit from fundamental tailwinds, including increasing network utility, expanding Layer-2 activity, and rising staking participation. If market conditions turn decisively risk-on, Ethereum’s role as the primary settlement and liquidity hub for the altcoin ecosystem positions it to lead capital flows.

    Macro conditions are also aligning in ETH’s favor. With the Federal Reserve cutting interest rates by 25 basis points and signaling the end of quantitative tightening, global liquidity is expected to gradually improve. Historically, shifts toward monetary easing have accelerated inflows into risk assets — crypto included. As traditional markets anticipate a clearer pivot, investors may increasingly seek exposure to high-beta assets with strong structural narratives, and Ethereum fits that profile.

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    Ethereum Holds $3,900 as Price Compresses Below Key Moving Averages

    Ethereum (ETH) is trading near $3,905, holding a key support region but struggling to reclaim upside momentum as price remains capped beneath major moving averages. After failing to sustain moves above the $4,200 resistance area earlier this month, ETH has drifted lower into a tightening range, reflecting indecision and reduced volatility following recent macro-driven swings.

    ETH consolidates around $3,900 level | Source: ETHUSDT chart on TradingView
    ETH consolidates around $3,900 level | Source: ETHUSDT chart on TradingView

    The chart shows ETH trading below both the 50-day (blue) and 100-day (green) moving averages, which currently sit just above price and are acting as dynamic resistance. For bulls, reclaiming these levels — particularly a daily close above $4,050–$4,150 — would be a constructive sign that momentum is shifting back in favor of buyers. Such a reclaim could open a path toward retesting $4,300–$4,500, where recent supply pressure has consistently emerged.

    Related Reading

    On the downside, the $3,800 level remains the primary support to watch. A sustained break below this zone could expose ETH to lower levels near $3,500, especially if broader market sentiment weakens. However, the 200-day moving average (red) remains well below the price near $3,200, signaling that the long-term bullish structure is still intact.

    Featured image from ChatGPT, chart from TradingView.com

    Sebastian Villafuerte

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  • Ethereum’s Fusaka Upgrade Hits Final Testnet – Mainnet Launch Locked for December 3


    The third and final testnet for Ethereum’s Fusaka upgrade goes live.

    Ethereum’s much-anticipated Fusaka hard fork reached a major milestone on Tuesday with a successful deployment on the Hoodi testnet – its final testing phase before mainnet activation later this year.

    The test, which went live around 18:53 UTC, was the completion of Ethereum’s three-stage simulation process following earlier activations on the Holesky and Sepolia testnets.

    Fusaka Upgrade

    According to the Ethereum Foundation, Fusaka’s mainnet rollout is expected at least 30 days after Hoodi’s activation, while developers tentatively target December 3. The main objective behind the upgrade is to strengthen Ethereum’s scalability, security, and cost efficiency, building on the groundwork laid by April’s Pectra upgrade.

    Fusaka introduces a series of technical improvements spanning more than a dozen Ethereum Improvement Proposals (EIPs). Leading the list is the EIP-7594, or Peer Data Availability Sampling (PeerDAS), which enables validators to verify only portions of data, rather than entire “blobs,” and significantly reduces bandwidth demands and operational costs for validators and Layer 2 networks.

    Other proposals, such as EIPs 7825 and 7935, will adjust gas limits to improve efficiency and prepare the network for parallel execution, while EIPs 7939 and 7951 boost performance and zero-knowledge proving support. These upgrades are designed to lower transaction costs for users and developers while setting the stage for the next phase of rollup scaling.

    Ethereum client teams confirmed smooth progress following Hoodi’s activation. Nethermind stated

    “The Ethereum 𝗛𝗼𝗼𝗱𝗶 𝗙𝗼𝗿𝗸 has been successfully completed and is now running seamlessly on the 𝗡𝗲𝘁𝗵𝗲𝗿𝗺𝗶𝗻𝗱 𝗖𝗹𝗶𝗲𝗻𝘁. Another smooth upgrade, another key milestone on the road to Fusaka. Big thanks to everyone in the ecosystem who helped make it happen – from client teams to researchers and operators.”

    Road Ahead

    Consensys also said that Fusaka “paves the way for parallel execution” and lays the foundation for future network advancements. The rollout will proceed in phases. Following the mainnet launch scheduled for December 3, blob capacity increase is expected to be on December 17, while a second hard fork to expand blob capacity further is slated for January 7, 2026.

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    Ethereum developers have already turned their focus to the next upgrade, dubbed “Glamsterdam,” which is expected to introduce faster block times and further scalability enhancements. Glamsterdam falls under the  “Surge” stage of the network’s roadmap.

    Meanwhile, ETH’s price remained fairly unfazed by the technical development. The altcoin recorded a fresh decline of almost 3% over the past 24 hours and is currently trading below $4,000.

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    Chayanika Deka

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