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Tag: ethereum price

  • 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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  • 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. 

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    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. 

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    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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  • 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.

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    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.

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    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.

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    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.

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    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 Whales Start Buying Back: 218K ETH Added In A Week After October Dump

    Ethereum’s largest non-exchange holders are tiptoeing back into accumulation. On-chain analytics platform Santiment reported that wallets holding between 100 and 10,000 ETH, also known as whales and sharks, have begun to rebuild positions after unloading roughly 1.36 million ETH between October 5 and 16. 

    Notably, the Ethereum collective holdings chart shows that nearly one-sixth of those coins have already been clawed back, as some confidence starts to return to the second-largest crypto asset.

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    Whales Reverse Course After Early-October Capitulation

    The first half of October was highlighted by one of Ethereum’s most pronounced periods of capitulation this year. Macroeconomic fears due to US tariffs saw the Bitcoin price undergo a flash crash that dragged many altcoins to the downside. During this move, Ethereum’s price also fell very quickly, dropping from highs around $4,740 on October 7 to as low as $3,680 on October 11. 

    Interestingly, on-chain data shows that the selling pressure from large holders amplified this move, as the chart from Santiment shows a steep decline in their cumulative holdings from about 24.5 million ETH to roughly 22.6 million ETH. This 1.9 million ETH drop reflected clear risk-off behavior among whales and sharks, who had been net buyers since August.

    However, once selling momentum began to fade, accumulation started to return. Institutional inflows started to return into Spot Ethereum ETFs, and whale/shark trades started accumulating Ethereum. Since October 16, the same cohort that contributed to the liquidation has begun adding back to their positions. Santiment noted that these holders are finally showing some signs of confidence, demonstrating an incoming extended recovery phase following the shakeout.

    ETHUSD now trading at $3,953. Chart: TradingView

    218,470 ETH Added In Last 7 Days

    According to Santiment’s data, the collective holdings of addresses with 100 to 10,000 ETH have rebounded to approximately 23.05 million ETH after bottoming out in mid-October. A highlighted annotation on the chart shows that 218,470 ETH were accumulated in just the past week, signaling a tangible shift in on-chain behavior. 

    Ethereum collective holdings of wallets holding 100-10,000 ETH. Source: Santiment

    This increase represents roughly one-sixth of the coins previously dumped, a sign that major investors are gradually re-entering the market after what appeared to be an exhaustion phase. Similar accumulation trends have often preceded a broader recovery in Ethereum’s price, especially when accompanied by stabilization in the ETH/BTC trading pair.

    As it stands, the Ethereum price appears to be building a firmer base for the next phase of its recovery heading into November. When whale wallets accumulate, it reduces the circulating supply available on exchanges and reduces selling pressure.

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    At the time of writing, Ethereum is trading at $3,940 and is on track to break and close above $4,000 again. Both Ethereum and Bitcoin have risen a bit in recent days after inflation report showed US inflation cooling to 3% in September, below the 3.1% forecasted by economists. 

    Featured image from Unsplash, chart from TradingView

    Scott Matherson

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  • Ethereum And Solana Flash ‘W Bottoms’: Bollinger Returns With Legendary Call

    John Bollinger, the inventor of Bollinger Bands and a figure whose occasional crypto market calls carry outsized weight, says Ethereum and Solana are tracing potential “W” bottoms—while Bitcoin is not. In a post on X on October 18, Bollinger wrote: “Potential ‘W’ bottoms in Bollinger Band terms in ETHUSD and SOLUSD, but not in BTCUSD. Gonna be time to pay attention soon I think.”

    Ethereum And Solana Price: What To Watch Now

    The emphasis on “Bollinger Band terms” is doing heavy lifting here. In classic Bollinger taxonomy, a W bottom is a two-trough reversal with the second low holding above the first, often accompanied by a volatility signature that includes a prior band expansion, subsequent contraction, and a failure to register a lower low at the bands on the second leg.

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    The more robust versions see the second low forming inside the bands or with a positive divergence against the lower band, followed by a band “pinch” and a move through the middle band that transitions into an upper-band walk. Bollinger’s phrasing—“potential” and “time to pay attention”—signals that, in his framework, pattern recognition precedes confirmation, and that the validation trigger lies in subsequent price interaction with the middle and upper bands rather than in the raw shape of the price lows alone.

    The rarity of Bollinger’s crypto commentary layered urgency onto the signal. As crypto trader Satoshi Flipper (@SatoshiFlipper) stressed, “John Bollinger, creator of Bollinger Bands, makes barely 1 crypto call per year and hasn’t made one for ETH in 3 years until yesterday. And each call he makes goes on to mark generational bottoms. He just told us SOL + ETH have bottomed, now imagine fading this legend.”

    The same account detailed that Bollinger’s last notable Ethereum call dates to September 9, 2022, noting that ETH “went on to pump from $1,290 to $4,000.” That historical reference captures the prevailing market psychology: Bollinger’s infrequent, technically disciplined alerts are perceived by many traders as cycle-defining.

    Context from earlier this year also helps frame the setup. On April 10, Bollinger publicly flagged a similar structure in Bitcoin, saying: “Classic Bollinger Band W bottom setting up in BTCUSD. Still needs confirmation.” In the exact same week, BTC carved out a bottom at $74,508 and proceeded to log seven straight green weekly candles, advancing roughly 55%. From Bollinger’s call into the first week of October, BTC rallied more than 70%.

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    The market nuance in Bollinger’s latest readout is the explicit exclusion of Bitcoin. If ETHUSD and SOLUSD are printing W-like structures in Bollinger terms while BTCUSD is not, it implies a temporary decoupling in volatility structure and relative strength. In practical terms, a non-confirming Bitcoin can either lag into a later confirmation, remain range-bound in a mid-band churn, or fail its own setup if lower-band interactions persist without recapture of the middle band.

    For Ethereum and Solana, confirmation would typically look like sustained closes above the 20-period moving average (the Bollinger middle band), followed by a disciplined advance that converts the upper band from resistance into a guide. A healthy W bottom sequence tends not to produce immediate, vertical band overthrows; rather, it builds a stair-step profile with periodic mid-band checks that hold.

    Failure would involve another lower-band excursion that undercuts the second trough or a volatility bloom that widens the bands without directional follow-through—both signatures of an incomplete base.

    At press time, ETH traded at $4,037.

    ETH price, 1-day chart | Source: ETHUSDT on TradingView.com

    Featured image created with DALL.E, chart from TradingView.com

    Jake Simmons

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  • Ethereum Dual Chart Recovery: ETH And ETH/BTC Signal Strength Despite Bearish Close

    My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life.

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    I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments.

    When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency.

    Trust me, I’ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that’s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets.

    My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies.

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  • Ethereum Price Lags Below $4,000—Support Levels To Watch

    The Ethereum price has been one of the best performers in the cryptocurrency market in the third quarter, reaching a new all-time high at the end of August. However, the second-largest cryptocurrency has struggled to build on this record-setting momentum in September.

    With September and the third quarter of 2025 almost done, the Ethereum price appears to be struggling to reclaim the psychological $4,000 support level. Below are the critical support levels to watch for should a deeper correction occur, according to the latest on-chain data.

    Is $3,500 The Next Stop For ETH Price?

    In a September 27 post on the X platform, popular crypto analyst Ali Martinez identified three major support levels to watch if the Ethereum price further declines over the next few weeks. This on-chain observation revolves around the UTXO Realized Price Distribution (URPD) metric, which estimates the amount of a specific cryptocurrency acquired at a certain price level.

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    This indicator looks at a price level’s capacity to act as an on-chain support or resistance zone, which typically depends on the number of investors with their cost basis at the given level. An investor’s cost basis refers to the original price at which they bought a crypto asset (Ether, in this scenario).

    Based on the cost basis theory, major support zones are often around price levels—with significant buying activity—below the current spot value. Having purchased their assets at these prices, several investors tend to double down and purchase more assets when the price returns to their cost basis, thereby keeping the prices afloat.

    Source: @ali_charts on X

    According to data highlighted by Martinez, the next major support levels for the Ethereum price lie around $3,515, $3,020, and $2,772. As observed in the chart below, if the price of ETH doesn’t have a sustained close above $4,000, its next immediate support cushion is around $,3,515, where nearly 1.39 billion coins were purchased.  

    In a case where the “king of altcoins” fails to stop bleeding, the UTXO Realized Price Distribution metric shows that the next major support is at $3,020, where almost 2.65 billion coins were bought. Now, the last significant support for the Ethereum price lies around $2,772, which is the cost basis of more than 2.64 billion Ether tokens.

    Ethereum Price At A Glance

    As of this writing, the price of ETH stands at around $3,994, reflecting no significant movement in the past 24 hours. While the largest altcoin by market cap seems to be hanging on to the major $4,000 level, its performance over the past week is still quite worrying. According to data from CoinGecko, the Ethereum price is down by more than 10% in the last seven days.

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    Ethereum price
    The price of ETH on the daily timeframe | Source: ETHUSDT chart on TradingView

    Featured image from Shutterstock, chart from TradingView

    Opeyemi Sule

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  • Analyst Says Ethereum Bounce Is Imminent As BitMine Continues To Accumulate

    After losing the $4,450-$4,500 area during the recent market downturn, Ethereum (ETH) is attempting to hold a crucial level as support. Some analysts suggest that the leading altcoin is poised to bounce soon as crypto treasury companies continue to bet on the cryptocurrency.

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    Ethereum Eyes Rebound Amid $4,100 Retest

    On Monday, Ethereum’s price dropped around 7% during the largest liquidation event of the year so far. Notably, the crypto market saw more than $1.7 billion in leveraged positions liquidated over the past 24 hours, according to CoinGlass data.

    ETH led the losses with nearly $500 million in liquidations, followed by Bitcoin’s $284 million. This dragged the King of Altcoin’s price to the crucial $4,100 support for the first time since August, hitting a one-month low of $4,077.

    Daan Crypto Trades highlighted that today’s event was the largest nominal Ethereum liquidation since 2021, when the cryptocurrency’s price dropped around 45% in a single day. However, various market watchers noted that the price decline was relatively tame compared to previous liquidations of this scale.

    As the second-largest cryptocurrency dropped to the $4,100 support, some analysts suggested that Ethereum is gearing up for a rebound. Merlijn The Trader affirmed that ETH is “following the blueprint” to a five-digit target.

    Per the trader, the cryptocurrency rallied to its previous all-time high (ATH) of $4,800 after breaking out of a multi-year bullish pattern. Following its breakout from an Adam and Eve formation in 2021, the leading altcoin retested the level as support and consolidated around this area for three months before the next leg up.

    This time, Ethereum displays a new textbook setup with a multi-year descending triangle formation, which was broken out of last month and is currently being retested as support. According to the market watcher, ETH could see a 2021-like breakout toward the $10,000 barrier.

    Nonetheless, Ted Pillows asserted that the altcoin must hold the $4,100 area as support for a short-term bounce. “If this level is lost, Ethereum will drop towards the $3,700-$3,800 level,” the analyst warned.

    BitMine Holds 2% Of ETH Supply

    Despite the market downturn, corporations continue to bet on the second-largest cryptocurrency for their Digital Asset Treasury (DAT) strategies. BitMine, the second-largest crypto treasury, revealed that it has increased its ETH holdings to nearly 2.5 million tokens over the past week, as part of its goal to hold 5% of Ethereum’s total supply.

    BitMine now owns over 2% of the supply with 2,416,054 ETH, solidifying its position as the largest ETH Treasury in the world. According to the Monday announcement, the company now holds $11.4 billion in assets, including the 2.4 million ETH tokens, 192 Bitcoin (BTC), $175 million stake in Eightco Holdings for its “Moonshot” initiative, and unencumbered cash of $345 million.

    Additionally, the company is the 24th most traded stock in the US, with an average daily volume of $3.5 billion, according to 5-day average data from Fundstrat.

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    BitMine’s chairman, Thomas “Tom” Lee, stated that the company continues “to believe Ethereum is one of the biggest macro trades over the next 10-15 years,” adding that “Wall Street and AI moving onto the blockchain should lead to a greater transformation of today’s financial system. And the majority of this is taking place on Ethereum.”

    As of this writing, ETH is trading at $4,145, an 8% decline in the weekly timeframe.

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

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

    Rubmar Garcia

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  • Ethereum Taker Buy-Sell Ratio Falls Critically Low—What Happened Last Time?

    The price of Ethereum had quite a rough performance over the past week, falling from its usual range above the $4,600 level to below $4,500. Despite the injection of bullish momentum into the market by the US Federal Reserve’s interest rate cut, the “king of altcoins” failed to sustain its rally back to the $4,600 region.

    According to the latest on-chain data, the Ethereum price could be gearing up for an even longer time in the cold, as investors seem to be turning away from the second-largest cryptocurrency by market cap. The question, though, is how deep the price of ETH will fall in the coming weeks?

    ETH Price At Risk Of Return To $1,500?

    In a recent post on the social media platform X, pseudonymous crypto analyst Darkfost revealed that the Ethereum investors might be flooding out of the market at the moment. This observation is based on the recent downturn in the ETH Taker Buy-Sell Ratio on the world’s largest crypto exchange by trading volume.

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    The Taker Buy-Sell Ratio is an on-chain indicator that compares the proportion of the taker buy volumes to the taker sell volumes on crypto exchanges. When the value of this metric is greater than one, it signals that the taker buy volume is higher than the taker sell volume on a crypto exchange. This trend typically points to the willingness of more traders to purchase coins at a higher value on the trading platform.

    Meanwhile, a less-than-one value for the Taker Buy-Sell Ratio typically means that the taker sell volume is higher than the taker buy volume on the exchange. Ultimately, this low value indicates that more sellers are offloading their assets at a lower price, precipitating bearish pressure in the market.

    According to data from CryptoQuant, the Ethereum Taker Buy-Sell Ratio fell below the 1 threshold to around 0.87 on Friday, September 19. This latest decline marked the third time this metric has fallen this low so far in 2025.

    Source: @Darkfost_Coc

    As observed in the above chart, Darkfost noted that the indicator fell as low as 0.85 in January and February 2025. This ratio decline coincided with the bearish trend, during which the price of Ethereum fell to around the $1,500 region.

    As of the time of publishing their post on X, Darkfost revealed that the 7-day average of the Taker Buy-Sell Ratio stood at 0.93, which is still short of the 1 threshold. The on-chain analyst concluded that while the Ethereum price is looking to break above the $5,000 milestone, more investors seem to be increasingly betting against the altcoin’s rally. 

    Although it is highly unlikely to see a downturn similar to the one in 2025’s first quarter, the latest on-chain events suggest that the price of ETH could still face some bearish pressure in the coming weeks.

    Ethereum Price At A Glance

    As of this writing, the price of ETH stands at around $4,475, reflecting a mere 0.4% leap in the past 24 hours.

    Related Reading

    Ethereum
    The price of ETH on the daily timeframe | Source: ETHUSDT chart on TradingView

    Featured image from iStock, chart from TradingView

    Opeyemi Sule

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  • Ethereum Price Will Still Climb Above $5,000 As Long As It Holds This Level

    The Ethereum price has spent the past weeks stuck in a wide consolidation zone, testing bullish momentum as analysts anticipate its next big breakout. One market expert has highlighted a critical level for ETH, suggesting that as long as the second-largest cryptocurrency can hold above this level, its path to surpassing the $5,000 milestone remains intact. 

    Ethereum Price Faces Critical Level At $4,400

    According to market expert Daan Crypto Trades on X social media, Ethereum’s recent price action has been choppy following two slow weeks of trading. The analyst’s chart shows that ETH has oscillated between $4,100 and $4,800, with several stop hints and liquidity grabs creating false moves on both the bullish and bearish side. 

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    Despite these fluctuations, the $4,400 zone, which sits around the 200-day Moving Average (MA) on the 4-hour chart, continues to act as the key support level that stands between ETH and the $5,000 milestone. Daan Crypto Trades noted that this critical support is not just technical but also aligns with strong accumulation levels. 

    Source: Chart from Daan Crypto Trades on X

    The analyst highlighted that Bitmine Immersion Technologies, Inc. (BMNR) has been steadily adding to positions, though at a slightly lower pace as Net Asset Value (NAV) flows ease. This shows that as long as Ethereum can maintain its price above the $4,400 support level, buyers may remain in control. The chart clearly illustrates this battle for support. ETH’s dips below $4,500 have so far been short-lived, with price consistently bouncing back into the consolidation range. 

    This repeated defense strengthens the case for Ethereum to sustain its momentum and build the foundation for a run above $5,000. For now, patient accumulation within the consolidation zone appears to be the market’s strategy as the cryptocurrency gears up for a potential breakout once broader conditions align. 

    $5,000 Is Only A Matter Of Time

    In a follow-up analysis, Daan Crypto Trades reinforced his bullish view, noting that Ethereum is essentially in a “$5,000 waiting room.” The analyst’s chart highlights this view, showing ETH rebounding strongly after retesting the $4,400 region. With both the 200 MA and 200 EMA on the 4-hour chart acting as underlying support, the cryptocurrency’s structure appears intact despite short-term volatility. 

    Related Reading

    Daan Crypto Trades suggested that while a retest of $4,000 – $4,100 is still possible, the market is unlikely to sustain a breakdown below that zone as long as ETH holds $4,400. In other words, maintaining this critical support could pave the way for new all-time highs. 

    The chart also reflected the market’s resilience, with ETH rejecting the lows and quickly climbing back toward $4,600. Such a rebound often signals that bulls may be preparing for the next leg higher. If the momentum continues, Ethereum retesting its former all-time high of $4,868 and breaking above $5,000 may only be a matter of time.

    Ethereum
    ETH trading at $4,516 on the 1D chart | Source: ETHUSDT on Tradingview.com

    Featured image from Getty Images, chart from Tradingview.com

    Scott Matherson

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  • Ethereum Bulls Eye New Records Despite Market Volatility — What’s Driving Sentiment?

    My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life.

    My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world.

    I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments.

    When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency.

    Trust me, I’ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that’s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets.

    My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies.

    Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people – people who make an impact in my life no matter how little it is.

    One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I’m so good at it. I am also very good at singing, dancing, acting, fashion and others.

    I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone’s life. I don’t chase illusions, I chase dreams.

    I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I’m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top.

    I aspire to be a boss someday, having people work under me just as I’ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.

    Godspower Owie

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  • This Is The Key Level That Stands Between The Ethereum Price And A Surge To $5,000

    The Ethereum price has been in a crucial consolidation phase, with analysts closely watching the next big move. After reclaiming the $4,500 level, the cryptocurrency is now facing one last obstacle before potentially breaking into uncharted territory. Crypto market expert Ted Pillows has set Ethereum’s next price target at $5,000, signaling a potential new all-time high.

    Ethereum Price Faces Major Hurdle Before $5,000

    In a recent technical analysis published on X social media, Pillows explained that Ethereum has successfully reclaimed the $4,500 support level, a point that had previously been a stumbling block for bulls. Now, the market is laser-focused on its next price hurdle at $4,880, which has emerged as the final barrier before a potential breakout. 

    Related Reading

    According to his price chart, a daily candle close above the $4,880 resistance could open the doors to a fresh all-time high and quickly accelerate Ethereum’s momentum toward the $5,000 milestone. Just last month, ETH shocked the market by breaking its 2021 all-time high and climbing past $4,900. Now, the cryptocurrency looks ready for its next big move, with Pillows confirming $5,000 as the short-term target. 

    Source: Chart from Ted Pillows on X

    Ethereum’s struggle around the $4,880 level comes from repeated failures to push higher at this point in previous sessions. Each rejection has reinforced $4,880 as a strong resistance, making it the decisive point for bulls to conquer. A clean break above it could invalidate bearish short-term pressure and potentially trigger an influx of buying volume.

    However, if Ethereum once again fails to hold above this level, the price could retreat to lower supports. Pillows identified the $4,200 – $4,400 range as the primary demand zone where buyers could step back in. This area has historically provided strong support and could act as a springboard for another attempt to retest the resistance. 

    ETH Rejected At $4,650 But Holds Support

    In a follow-up analysis, Pillows noted that Ethereum failed to reclaim the $4,650 level, making its path to reach the $4,880 resistance even more difficult. The rejection at $4,650 has raised concerns of a near-term pullback, with the $4,500 region now being the key support to watch. 

    Related Reading

    If ETH holds above $4,500 and gains fresh bullish momentum, Pillows suggests that another attempt at reclaiming $4,650 could occur, potentially setting the stage for the long-awaited $4,880 breakout. On the downside, Ethereum maintains strong structural support between $3,800 and $4,000. This range has acted as a crucial demand zone during past corrections, absorbing selling pressure and enabling bulls to re-accumulate. 

    For longer-term investors, Pillows noted that this support zone presents a significant buy-dip opportunity. He said that if ETH declines to this level, many altcoins would also enter attractive discount zones, presenting broader accumulation opportunities across the market.

    Ethereum
    ETH trading at $4,511 on the 1D chart | Source: ETHUSDT on Tradingview.com

    Featured image from Adobe Stock, chart from Tradingview.com

    Scott Matherson

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  • Ethereum Outflow Signals Strength: 56,000 ETH Pulled From Exchanges

    The steady appreciation in the Ethereum price continues to mirror how resilient the cryptocurrency has become in the market. Despite the waves of skepticism experienced in the past, there seems to have been a recent major shift in investor behavior, which shows a level of optimism in the potential growth of the Ether token. 

    Ethereum Netflow Across Exchanges Consistently Negative

    In a September 13 post on social media platform X, on-chain analyst Darkfost revealed how Ethereum’s investors have been acting behind the scenes over the past few months.

    Related Reading

    According to Darkfost, there has been a major shift in investor behavior since Ethereum’s last price drop from $4,000 to $1,500. At the time, the prevailing investor mood was fear, uncertainty, and doubt (FUD) — emotions which did not play so much of a role in affecting the long-term activity of investors.

    Darkfost reported that the netflow across all exchanges has been “consistently negative” since the major Ethereum price drop; this means that more ETH is leaving exchanges than they are being deposited.

    Source: @Darkfost_Coc on X

    According to the on-chain analyst, around 56,000 ETH is being withdrawn daily over an average of 30 days. Interestingly, this figure has not been seen since the depths of the last bear market. 

    Recently, there have been days when more than 400,000 ETH were withdrawn. What is more interesting is that the exchange netflows have not turned positive since July.

    As earlier inferred, this trend of token movement represents a shift in the holding behavior of Ethereum investors, as they move their assets off trading platforms to non-custodial wallets for long-term storage. Ultimately, this suggests that holders are becoming increasingly confident in the ETH’s long-term promise.

    As of this writing, the Ether token is valued at around $4,660, reflecting no significant price change in the past 24 hours. According to data from CoinGecko, the price of Ethereum has increased by almost 10% in the past seven days.

    BTC And ETH Reserves Drop 23% And 20% Respectively 

    In a separate post, Darkfost analyzed the Bitcoin and Ethereum Exchange Reserve metrics across all exchanges and estimated how much of these cryptocurrencies have left exchanges in 2025.

    According to the online pundit, Bitcoin reserves across all exchanges have dropped by almost a quarter of their total holdings since the year’s beginning.  The BTC exchange reserves have dipped by 23% to about 2.47 million BTC from 3.05 million BTC as of January 1, 2025.

    Ethereum
    Source: @Darkfost_Coc on X

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    Ethereum exchange reserves, on the other hand, did not immediately start to decline until the month of May. As mentioned in the earlier post, ETH supply on exchanges began to fall following a reversal triggered by its fall to below $1,500. Over the last four months, Ethereum reserves have fallen to 17.1 million from 20.6 million, representing a 20% decline.

    A significant decline in exchange reserves is often interpreted as a sign of accumulation among investors. This trend could be a bullish catalyst for the two largest cryptocurrencies, especially Ethereum, considering that the coin movement started more recently.

    Ethereum
    The price of ETH on the daily timeframe | Source: ETHUSDT chart on TradingView

    Featured image from iStock, chart from TradingView

    Opeyemi Sule

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  • Ethereum Daily Chart Turns Green As ETHBTC Prepares For Lift-Off

    In a recent post on X, crypto analyst CRYPTOWZRD shared a bullish daily technical outlook for Ethereum (ETH), highlighting a strong close that suggests further upward movement is likely. The analyst’s primary expectation is for more gains to follow as the ETH/BTC pair begins to surge. This key relationship is a central focus for the analyst, as a strong performance from Ethereum against BTC often signals a broader bullish period for ETH itself.

    ETH And ETHBTC Daily Candles Flash Strong Bullish Close

    Giving a detailed market update, CRYPTOWZRD highlighted that both Ethereum’s daily candle and the ETHBTC pair closed strongly bullish. ETHBTC’s surge occurred as Bitcoin’s dominance weakened, providing altcoins with room to build momentum. This shift marked a significant move for Ethereum, reflecting renewed strength in the broader market structure.

    According to his analysis, ETHBTC successfully broke out of its daily falling wedge pattern, a move that often signals the start of a bullish reversal. Ethereum mirrored this strength, pushing higher alongside the breakout, which further reinforced optimism among traders who have been watching closely for signs of sustained upside momentum.

    Examining key levels, CRYPTOWZRD highlighted that $5,000 remains the primary daily resistance for Ethereum. A decisive break above this threshold could ignite an impulsive rally, potentially driving ETH toward the $5,780 resistance zone or even higher. On the downside, $4,000 is seen as the critical daily support, providing a safety net for bulls should price action cool off in the short term.

    Despite the strong outlook, he noted that his primary focus will stay on the lower time frame chart formations for tomorrow, as these provide opportunities for quick scalps and short-term trades. However, with the weekend approaching, CRYPTOWZRD is maintaining a rational stance.

    Volatility Offers Both Risk And Opportunity In The Current Setup

    Crypto analyst CRYPTOWZRD has stated that the intraday chart for Ethereum is showing significant volatility, with more expected in the near term. This high level of fluctuation is something he is prepared for and is a normal part of the market as it searches for a new direction.

    In the meantime, CRYPTOWZRD has outlined two potential scenarios. If BTC’s price pulls back toward the $4,500 level, it will then show a clear bullish reversal. Another scenario would be if Ethereum holds strong and breaks above the $4,765 resistance, it would signal a new upward leg.

    Ultimately, the analyst advises exercising patience and waiting for the market to present a clear, healthy trade setup. This cautious approach acknowledges the current volatility, and the market’s next move will dictate the next best opportunity.

    Ethereum

    Godspower Owie

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  • Is Ethereum Currently Undervalued At $4,700? NVT Reading Suggests So

    The latest on-chain data shows that the second-largest cryptocurrency by market capitalization, Ethereum, may be currently undervalued. Having witnessed a strong resurgence in the past week, the altcoin could be on the verge of an extended rally over the next few weeks.

    Ethereum’s NVT Ratio Hits New Record Low 

    In a Quicktake post on the CryptoQuant platform, crypto analyst CryptoOnchain reported that there has been a disproportionate increase in transaction volume concerning ETH compared to its market capitalization.

    The relevant indicator here is the Ethereum NVT (Network Value to Transactions ratio) (30-day SMA), which measures the ratio of Ethereum’s market capitalization to its daily transaction volume over the span of 30 days. 

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    CryptoOnchain revealed that the 30-day moving average NVT recently hit its lowest point ever recorded. As explained by the on-chain analyst, this could suggest two things: firstly, that the Ethereum token is undervalued.

    For context, a low NVT reflects very high transaction volume compared to a relatively low market capitalization. What this means is that the Ethereum network is being heavily used, but the price isn’t showing its worth as much as its usage suggests. Following this logic, one could conclude the market is currently undervaluing Ethereum’s utility.

    The second indication from the historically low NVT is that the increase in transaction volume could be due to “temporary factors such as DeFi, NFT events, or large capital movements.” According to the analyst, these temporary factors do not necessarily mean sustainable growth for the ETH price.

    What To Expect

    CryptoOnchain cited historical occurrences to explain the typical case where an NVT bottom is a result of market undervaluation. In this case, it has been observed that sharp NVT bottoms precede bullish phases.

    However, in what was a caveat, the online pundit mentioned that there have been cases where very low NVT levels were accompanied by further price declines. 

    Seeing that the Ethereum NVT is not just at a mere low level, but at its all-time low, it seems more likely that the market is undervaluing the token’s worth. It is therefore not out of the question to expect a more upward swing in the price of the cryptocurrency. 

    Related Reading: Ethereum To $6,800 By Year End? CME Futures Data Shows Record Institutional Demand

    Nevertheless, with the possibility that a bullish phase might not necessarily follow in mind, investors might want to tread cautiously. As of this writing, the Ethereum token is valued at approximately $4,670, reflecting an over 4% price increase in the past 24 hours.

    The price of ETH on the daily timeframe | Source: ETHUSDT chart on TradingView

    Featured image from Shutterstock, chart from TradingView

    Opeyemi Sule

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  • Ethereum Validator Slashing Puts Cardano’s Resilience In Focus – Here’s Why

    A recent slashing of Ethereum from different validators has reignited the debate around staking models, with many pointing to Cardano’s more resilient structure as a key differentiator. While Ethereum’s system penalizes validators for downtime or misbehavior, Cardano’s staking approach avoids such risks, offering delegators security without the fear of losing funds. 

    Why Simplicity And Resilience Are Cardano’s Key Advantages

    On September 10, a slashing of 11.7 ETH from 39 Ethereum validators highlights the advantages of Cardano’s staking structure. Crypto analyst Dori has highlighted on X the fundamental differences in staking requirements and risks between the two networks. On Ethereum, it is structurally impossible to stake 0.1 ETH directly on ETH, but an individual must stake a minimum of 32 ETH and operate a validator node themselves. 

    However, platforms have been built on Ethereum to allow staking with as little as 0.1 ETH, and liquid tokens are issued. The critical difference is that, due to the slashing mechanism, Ethereum’s structure carries the risk of a cascading collapse. This has given rise to platforms like Ankr and Lido Finance, which pool ETH from many users, run validators, and issue liquid staking tokens such as ankrETH and stETH to solve the problem of locked-up funds.

    In this incident, an operational mistake by the operators of 39 validators led to a slashing penalty of 11.7 ETH, which is worth approximately $52,000. If a larger slashing event were to occur, it could lead to the de-pegging of the liquid staking tokens, potentially triggering a cascading collapse as DeFi ecosystem protocols built upon them.

    On Ethereum, iquid staking platforms were developed to remove obstacles to staking, and liquid tokens were distributed to address the issue of lock-ups. In contrast, Cardana’s staking model allows anyone to stake as little as 10 ADA in a stake pool without worrying about slashing. There are no lock-up periods, and a user’s staked funds are never at risk of being lost, even if their chosen stake pool misbehaves.

    Fundamentally Different Approaches To Staking

    Cardanians (CRDN) also stated that a critical flaw in Ethereum’s staking model has been exposed, highlighting the fundamental advantages of Cardano’s design. The data shows that the Ethereum staking exit queue has hit an all-time high, forcing users who unstake their ETH to wait an estimated 46 days to get their funds back.

    However, Cardano’s ADA staking model offers a fundamentally different experience, with liquid staking and no entry or exit queues. When a user stakes their ADA, the funds remain in their wallet and are always available for use or transfer, and earn rewards without being locked up. “The design is fundamentally better,” the expert noted.

    Ethereum

    Godspower Owie

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  • Ethereum Price At Risk Of Crash To $4,000, Is A New ATH Still Possible?

    Amid the back and forth that has rocked the crypto market, the Ethereum price has now found itself between a rock and a hard place. Right now, bulls and bears are still locked in a tug-of-war in a quest to take control of the digital asset. Here, there are now multiple levels to watch that could determine the next steps for the Ethereum price.

    After falling back below $4,300 over the weekend, the Ethereum price is now trading very close to a critical demand zone. Crypto analyst ProfitMagnet highlights this in a TradingView analysis, showing the possibilities for the Ethereum price as it looks to test this zone.

    Related Reading

    So far, the Ethereum price has been consolidating between $4,200 and $4,300 after having faced resistance from $4,600-$4,800 in the last month. This has now led to what is the defining factor for the next phase of the move, and whether an uptrend or a downtrend will dominate.

    Assessing the current momentum, the crypto analyst notes that the recent uptrend was being supported by the bullish trendline starting from the August lows. However, there is still the matter of the bearish trendline that continues to limit the upward momentum, thereby putting a damper on the rally.

    Source: TradingView

    At this point, it is now simply a matter of what level the Ethereum price retests, and what it successfully breaks through. From here, holding the demand above $4,300 is important if the bulls want to continue the rally. If they are successful, then the analyst does see the Ethereum price making its way back to $4,600-$4,800.

    Related Reading

    However, on the flip side of this is the bears taking over and forcing a retest of the demand level. This would happen if bulls were unable to sustain the current demand, leading to a breakdown in the price. From here, the next major level would be the support at $4,000, pushing the Ethereum price toward the next major psychological level.

    What this trend shows is that while the market is leaning bullish, the bulls still have a relatively weak hold, meaning it could go sideways at any point. “The structure suggests a potential bullish reversal, but confirmation is required with a break of the bearish trendline and demand reaction,” the crypto analyst said.

    Ethereum price chart from TradingView.com
    ETH leads altcoin market recovery | Source: ETHUSDT on TradingView.com

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    Scott Matherson

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  • Ethereum price Crash To $4,081: Why The Bears Are In Charge

    Ethereum price has seen a lot of decline after hitting an all-time high above $4,900. This move saw the bears push the price back, resisting the campaign to hit $5,000. So far, the bears have remained in control, and it seems that this will be the case for a while, with technicals pointing toward a possible 10% crash that would send the price toward $4,000 again.

    Why Ethereum Price Is At Risk

    In an update to a previous analysis, Klejdi Cuni has forecasted a further decline for the Ethereum price, with bearish indicators being more prominent. The previous prediction, shared over the weekend, pointed out that the Ethereum price had been breaking down from a bearish triangle pattern. This had suggested a further move toward the $4,300 territory.

    Related Reading

    True to the forecast, the Ethereum price did indeed fall back, breaking below $4,300 briefly before bouncing again. This comes after the price broke down below the support at $4,490, putting the bears in charge of the Ethereum price once again. With the first part of the forecast fulfilled, then ETH could play out the full prediction from here.

    The crypto analyst had previously revealed that he expected the Ethereum price to suffer further drops; first to $4,335, then to $4,215, before finally landing at $4,081. This prediction was reiterated in the updated analysis, showing where the price could be headed next.

    Source: TradingView

    Next on the list for the cryptocurrency is to test the resistance zone around $4,500. This has previously been a level at which the price was beaten back down, suggesting that a similar trend could play out. If the price does get rejected here, then it could signal a continuation of the bearish trend.

    Related Reading

    The analysis also ties in the performance of the Bitcoin price, which has continued to drive the entire market. So far, the Ethereum price has performed better during the recent market crash. However, if the Bitcoin price were to continue its decline, then the Ethereum price is likely to follow in the same direction. Add in the fact that the situation around the US dollar remains unclear, and the analyst sees a lot of risk during this time.

    There is also the possibility of the Ethereum price turning toward the positive once again. This has to do with the resistance at $4,650, serving as a make-or-break level. If the price is rejected from here, then it could mean more declines. However, if ETH bulls are able to reclaim it with strength, then it could serve as a bounce-off point for the next rally.

    Ethereum price chart from TradingView.com
    ETH price holds support above $4,300 | Source: ETHUSDT on TradingView.com

    Featured image from Dall.E, chart from TradingView.com

    Scott Matherson

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  • Ethereum To $5,500 In Weeks, $12,000 By Year-End, Tom Lee Predicts

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    Fundstrat co-founder Tom Lee laid out a forceful, policy-driven Ethereum bull thesis in an interview on August 26, arguing that a US regulatory pivot, Wall Street’s move to on-chain infrastructure, and institutional demand routed through public “crypto treasuries” set the stage for a sharp fourth-quarter repricing. “In the near term, you know, $5,500 should be happening in the next couple of weeks,” Lee said, adding that by year end ETH “should be closer to $10,000 to $12,000,” with the bulk of crypto’s yearly gains typically arriving in Q4.

    Ethereum’s ‘1971 Moment’

    The brain behind BitMine’s ETH treasury strategy frames 2025 as a structural break comparable to the US dollar’s 1971 break from gold. In his view, Washington’s posture has shifted from seeing crypto as a threat to positioning it as an instrument of financial leadership. “In the last 12 months, there’s been a sea change, partly because of the election, where crypto is no longer considered an enemy… but really part of how the US financial system will get leadership,” Lee said.

    He pointed to stablecoins—“the breakout product, you know, the chat-GPT moment”—the proposed GENIUS Act and what he called the SEC’s “Project Crypto,” contending these signals show regulators want “Wall Street to use the blockchain to actually make America more innovative and actually spread America’s financial influence around the world.”

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    From there, Lee’s thesis centers on Ethereum as the default institutional settlement layer. “Wall Street doesn’t want the fastest chain… They want a reliable chain that they can build upon. Ethereum has had zero downtime in its entire history. So to me, it’s the natural selection.”

    Calling Ethereum a “fat protocol,” he argued that value accrues at the base layer as tokenization and payment rails migrate on-chain. Citing work “from Mosaics and from Fundstrat,” Lee said that, if the network captures major payment and banking flows, “you get to a network value of $60,000 value per ETH” over a 10- to 15-year horizon.

    BitMine’s Strategy

    A substantial part of the conversation focused on the public-equity vehicle he chairs, Bitmine, which he described as an actively managed Ethereum treasury. Lee contrasted holding spot ETH with owning a company that uses capital markets to expand ETH per share. “When Bitmine started… there was only $4 worth of Ethereum held per share,” he said of a July 8 baseline.

    “As of August 24, we now have $39.84 worth of Ethereum held per share… So the reason we had a 10x in your holdings is because Bitmine is actively managing to grow your Ethereum held per share by using capital markets and attracting the interest of institutional investors.”

    He argued that this approach can be “anti-dilutive” when executed at an equity premium to net asset value: “If your ETH per share is going up, none of the capital markets is dilution.” Lee added that Bitmine has “a billion-dollar stock repurchase program in place because if the stock becomes too cheap relative to its ETH holdings, it would make more sense to actually buy back stock.”

    Related Reading

    On strategy, Lee outlined an ambition to control roughly 5% of staked ETH, claiming a “power law” effect as network importance scales. “If you’re a staking entity that owns 5 percent, then you have a positive influence on future upgrades… [and] one of the most important vectors for when Wall Street wants to build on Ethereum,” he said. With Ethereum’s proof-of-stake mechanics, he asserted that current holdings could generate substantial income: “With the $9 billion worth of ETH held today, that’s about almost $300 million of net income.”

    Tom Lee’s Macro View

    Institutional demand, Lee maintained, is finally rotating toward ETH via regulated wrappers and equities, even as many large allocators still underweight it. “Ethereum is still generally not liked by institutions because most have bet on Bitcoin… that’s why Ethereum is probably falling into… the most hated rally,” he said, noting that year-to-date ETH gains of 35 percent have outpaced Bitcoin’s 17 percent.”

    Lee’s macro overlay extends beyond crypto. He reiterated a constructive equity view contingent on Federal Reserve easing and a cyclical upturn. “If the Fed follows through and begins to cut… and then we get a drop in mortgage rates and the ISM turning up and therefore financials really begin to participate, I think that’s why we get to 6,800 or so on the S&P,” he said. While acknowledging that “September is the month everyone’s going to be worried about,” he characterized any pullback as buyable: “Since 2022… that has always been a dip buying opportunity.”

    At press time, ETH traded at $4,614.

    Ethereum price
    ETH stalls below key resistance, 1-week chart | Source: ETHUSDT on TradingView.com

    Featured image created with DALL.E, chart from TradingView.com

    Jake Simmons

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