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Tag: ethereum

  • 2026 Crypto Market Prediction: Will Prices Soar Or Face Continued Declines?

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    With 2025 now closed, the crypto market is beginning 2026 with attempts to recover from one of its most challenging years. After a tumultuous period, total market capitalization has surged back above $3 trillion. However, many investors are left wondering what the new year has in store for digital assets.

    Institutions Forecast Bullish Crypto Prices For 2026

    According to a recent report by analysts at Bull Theory, the past year proved to be robust for traditional markets, particularly for metals, while cryptocurrencies fell short of expectations. Silver surged by 160%, and gold followed suit with a 66% increase. 

    In contrast, Bitcoin (BTC) wrapped up 2025 down approximately 5%, despite several positive indicators, such as consistent purchasing by Strategy, strong inflows into Bitcoin exchange-traded funds (ETFs), and growing institutional interest. 

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    Yet, when one asset class lags significantly while liquidity remains abundant, historical trends show that the gap typically narrows. In terms of specific projections, various major institutions and prominent investors have offered their forecasts for both Bitcoin and Ethereum (ETH). 

    Standard Chartered targets Bitcoin to reach $150,000 by the end of 2026, and JPMorgan projects a price of $170,000. Meanwhile, Citi’s base case stands around $143,000, with a more aggressive bull case suggesting a potential rise to $189,000. 

    Cathie Wood of ARK Invest envisions a long-term scenario where Bitcoin could hit $500,000, contingent on widespread institutional adoption. Tom Lee from Fundstrat anticipates Ethereum will trade between $7,000 and $9,000 by early 2026, fueled by the tokenization of real-world assets.

    New Regulations And Economic Optimism

    The analysts further highlighted that, unlike previous years, this cycle looks distinct in several key aspects. For one, crypto is no longer encumbered by operating within a legal gray area. 

    New regulatory frameworks, particularly in the US, are poised to offer clearer guidelines, reducing uncertainty and facilitating easier access for institutional investors.

    The anticipated changes aim for simplified regulations that could enhance market structure while broadening institutional participation beyond just Bitcoin and Ethereum. 

    Moreover, several factors suggest that a sharp movement in the crypto markets could be on the horizon. The end of quantitative tightening on December 1, 2025, coupled with a growing GDP, signals a conducive environment for crypto. 

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    With inflation stabilized below 3% and unemployment at 4.6%, there are indications that the Federal Reserve (Fed) may adopt a more dovish stance, especially with a new Fed Chair expected to take office in May 2026. 

    Overall, as the new year begins, the crypto market finds itself in a position of underperformance rather than excess. This contrasting state often results in rapid repricings as gaps are closed in response to liquidity alignment. 

    As a result, Bull Theory analysts believe that 2026 could very well be the year when these disparities start to correct, leading to a potentially bullish environment for cryptocurrencies.

    The daily chart shows the total crypto market cap recovery above the $3 trillion mark. Source: TOTAL on TradingView.com

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

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    Ronaldo Marquez

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  • Ethereum Suffered Worst Year Since 2018: 9 Red Months in 2025

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    Ethereum logged nine losing months in 2025, matching the depth of the 2018 bear market in terms of persistence.

    Ethereum (ETH) has recorded its worst year for price performance since the depths of the 2018 bear market, posting monthly losses in nine out of twelve months in 2025.

    The extended decline is leading some market observers to question the endurance of crypto’s traditional four-year boom and bust cycle, even as underlying network activity tells a different story.

    A Year of Persistent Declines

    Data from CoinGlass shared by market commentator Ted Pillows shows that in 2025, ETH fell in every month from February through April and again from September through December. The most severe single-month drop came in February, when the asset lost 32%. Other major monthly setbacks included a 22% fall in November and an 18.7% decline in March.

    The few positive months offered limited relief, with the largest gain being a 48.8% increase in July, followed by an 18.8% rise in August. Even so, the balance tilted heavily negative, making 2025 Ethereum’s weakest year since 2018, when repeated double-digit losses, including a 53.8% crash in March of that year, defined a deep market reset after the ICO boom.

    Currently, ETH is attempting to stabilize, trading around $3,020 as of early January 2026. This represents a minor 24-hour increase of 1.6%, but the cryptocurrency remains down 11.2% over the past year.

    The price is hovering at a critical technical junction, sitting just above its daily 200-period moving average and a key horizontal support zone. According to analyst Daan Crypto Trades, the chart has become highly compressed, suggesting a significant move could be imminent.

    A sustained daily close above the $3,000 level is viewed as necessary for upward momentum, while a drop back below it would likely extend the recent period of sideways trading.

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    Building Through the Downturn

    Despite last year’s gloom, on-chain metrics and developer activity paint a picture of strong health and growth, with Ethereum setting a new record by deploying 8.7 million smart contracts in a single quarter, breaking the previous record from Q2 2021.

    Analysts believe that the consistent growth in deployments over several quarters shows real demand, mainly due to the growth of Layer 2 rollups, real-world asset projects, stablecoins, and wallet infrastructure.

    Network usage is also climbing, with Ethereum recently processing a record 2.2 million transactions in one day while average fees have dropped to approximately $0.17, a stark contrast to the $200 fees seen during peak periods in 2022.

    However, for traders, the focus remains on key price levels, with a major resistance zone sitting near $4,800. Some chart patterns suggest a breakout above that level could open a path toward $8,500. In the near term, though, the market is watching for a confirmed break from its current compressed state, with large holders continuing to accumulate ETH even as its price struggles to find lasting positive momentum.

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    Wayne Jones

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  • Crypto ETFs Defy The Pullback With $32 Billion In Fresh Investor Cash

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    According to Farside Investors data, US investors put close to $32 billion into US crypto exchange-traded funds in 2025 even as markets lost steam late in the year.

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    Spot Bitcoin ETFs drew the biggest share, with $21.4 billion in net inflows. That is smaller than the $35 billion that poured into Bitcoin ETFs in 2024.

    Blackrock Dominates Flows

    BlackRock’s iShares Bitcoin Trust ETF, IBIT, accounted for most of the activity. Reports show IBIT took in about $24.7 billion. That makes its inflows roughly five times larger than the nearest rival, Fidelity’s FBTC.

    Source: Farside Investors

    Market watchers noted IBIT ranked near the top among all ETF flows, placing behind only a few broad index funds and a big treasury bond fund.

    If IBIT’s number is removed, the wider spot Bitcoin ETF group actually finished the year with about $3 billion in combined outflows.

    Grayscale’s Bitcoin product lost nearly $4 billion on the year. Bitcoin’s price was lower than at the start of 2025; it began the year around $93,500.

    Ethereum Interest Strong But Cooling

    Based on reports, interest in Ethereum ETFs was real, but the momentum looks uneven. BlackRock’s iShares Ethereum Trust, ETHA, sits at nearly $12.6 billion in inflows. Fidelity’s FETH follows at $2.6 billion, while Grayscale’s Ethereum Mini Trust ETF holds about $1.5 billion.

    Still, public on-chain data showed little renewed demand for spot Bitcoin and Ether ETFs in the last month of the year, suggesting flows may slow into 2026.

    Ether ETFs benefited from being new and giving investors a regulated way to own ETH, but recent days have seen quieter buying.

    BTCUSD currently trading at $87,688. Chart: TradingView

    Spot Ether ETFs, which only became widely tradable after their July 2024 launch, gathered $9.6 billion in their first full year. Spot Solana ETFs, launched in late October, added $765 million through year end.

    Altcoin ETFs Show Curiosity, Not Frenzy

    Litecoin and XRP ETFs also began trading in the latter half of the year, giving investors more choices for regulated altcoin exposure.

    The sums are small compared with Bitcoin and Ether. Solana’s $765 million is an example of early interest that has not yet turned into a large, steady stream of assets. These products are being tested by the market.

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    Global Flows Tell A Different Story

    Industry trackers reported that crypto ETFs listed worldwide experienced $2.95 billion in net outflows in November, and there was about $179 billion invested in crypto ETFs globally at the end of that month.

    Regulators and exchanges moved faster this year under new SEC leadership that was more open to approvals, which in turn helped institutional adoption in the US.

    Featured image from Unsplash, chart from TradingView

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    Christian Encila

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  • Ethereum Liquidity Rebuilds On Binance: December Inflows Signal Strategic Repositioning

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    Ethereum remains trapped below the critical $3,000 level as price action compresses into an increasingly narrow range. Despite several recovery attempts, bulls have failed to regain control, leaving ETH vulnerable to renewed downside pressure. Market sentiment reflects this weakness, with a growing number of analysts leaning toward a bearish outlook for 2026 as momentum indicators continue to fade and risk appetite remains subdued across the broader crypto market.

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    Amid this fragile technical backdrop, new on-chain data highlights a notable shift in Ethereum’s liquidity structure. According to a CryptoQuant report by analyst Arab Chain, Ethereum reserves on Binance surged to approximately 4.17 million ETH in December.

    This increase coincided with massive inflows totaling nearly 8.5 million ETH over the month, marking one of the most significant exchange inflow events since 2023.

    Such a sharp rise in exchange-held ETH suggests a change in investor behavior. Historically, large inflows to centralized exchanges indicate preparation for increased trading activity, hedging, or potential selling pressure, rather than long-term accumulation.

    While inflows alone do not guarantee immediate downside, they often precede periods of higher volatility, especially when the price is already struggling to reclaim key resistance levels.

    Exchange Liquidity Rises as Volatility Risks Build

    The CryptoQuant report emphasizes that the sharp increase in Ethereum reserves on Binance—the world’s largest exchange by trading volume—indicates a significant increase in tradable supply. When ETH moves from cold storage or long-term wallets onto centralized exchanges, it typically reflects a shift toward active positioning.

    Historically, this behavior has been a key input for assessing short- to medium-term supply–demand dynamics, as higher exchange balances increase the amount of ETH readily available for trading, hedging, or liquidation.

    Ethereum Exchange Inflow | Source: CryptoQuant

    However, the report stresses that rising exchange reserves do not automatically translate into immediate selling pressure. In many cases, large inflows are associated with risk management strategies rather than outright distribution.

    Institutional participants often move assets to exchanges to deploy them as collateral, rebalance exposure, or hedge downside risk through derivatives markets, particularly during periods of macro uncertainty and compressed price action.

    Still, the scale of December’s inflows stands out. Nearly 8.5 million ETH flowed into Binance over the month, marking the highest net inflows since 2023, with daily net inflows peaking above 162,000 ETH. Such volumes suggest the involvement of large players and point to a potential transition into a more volatile market phase.

    With Binance commanding a dominant share of Ethereum derivatives trading, this concentration of ETH on the exchange raises the probability of sharp price moves. Whether driven by spot selling or leveraged positioning, elevated exchange liquidity increases the market’s sensitivity to shifts in sentiment, making the current consolidation phase increasingly fragile.

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    Ethereum Price Compresses As Momentum Fades

    Ethereum price action on the 4-hour chart reflects a market stuck in compression just below the $3,000 psychological level. After a sharp decline earlier in the month, ETH attempted several rebounds but consistently failed to reclaim higher ground, resulting in a tight range between roughly $2,900 and $3,100. This structure signals indecision rather than accumulation, with both buyers and sellers lacking conviction.

    ETH consolidates in a range | Source: ETHUSDT chart on TradingView
    ETH consolidates in a range | Source: ETHUSDT chart on TradingView

    Technically, Ethereum remains capped below its short- and medium-term moving averages. The 50-period and 100-period averages are acting as dynamic resistance, repeatedly rejecting upside attempts. Meanwhile, the 200-period moving average continues to slope downward, reinforcing the broader bearish trend. As long as ETH trades below these levels, rallies are likely to remain corrective rather than trend-changing.

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    Trading activity has steadily declined during the consolidation phase, indicating reduced participation and growing apathy. The absence of strong volume expansion on upside moves suggests that buyers are not aggressively stepping in, even near key support.

    Structurally, the $2,900–$2,950 zone is acting as short-term support, preventing deeper drawdowns for now. However, the longer ETH remains compressed below $3,000, the greater the risk of a volatility expansion. A decisive break above $3,100 would be required to shift momentum to the bullish side. Until then, Ethereum remains vulnerable to renewed downside pressure if broader market sentiment deteriorates.

    Featured image from ChatGPT, chart from TradingView.com 

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    Sebastian Villafuerte

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  • 3 Reasons to Buy Ethereum Before January 2026

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    • Ethereum will benefit from growth in the stablecoin and real-world asset tokenization market.

    • Regulatory clarity may help cryptocurrencies recover from their current slump.

    • Ethereum’s price is 40% off its all-time high. Analysts still predict it will soar before 2030.

    • 10 stocks we like better than Ethereum ›

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    As I write this (Dec. 27), Ethereum (CRYPTO: ETH) is down almost 12% in the past year. Just four months ago, it set a new high of almost $5,000, but for the last two weeks, it has been trading close to $3,000. Given that analysts at VanEck predict Ethereum could reach $11,800 by 2030, that might make today’s price an appealing entry point.

    Image source: Getty Images.

    Here are three reasons to consider buying Ethereum before its price rallies again.

    The idea of real-world asset tokenization — essentially tokenizing ownership of assets on the blockchain — came into its own in 2025. That’s partly due to legislation that set a framework for stablecoins. It can apply to all kinds of assets, including real estate, art, and bonds. Tokenizing assets takes a lot of the friction out of trading them. It can also make them more accessible to a wider group of investors.

    Stablecoins are essentially tokenized forms of traditional currencies, such as the U.S. dollar. The issuer keeps real cash in reserve for every token it issues. Transactions on the blockchain are faster and cost less than traditional forms of payment. As such, stablecoins offer the benefits of blockchain without the volatility of other cryptocurrencies.

    If we think of Bitcoin (CRYPTO: BTC) as a bank vault, Ethereum is like an engine room. Ethereum pioneered smart contracts, which are the tiny pieces of blockchain code that enable tokenization. There’s over $180 billion in tokenized assets, including stablecoins, on Ethereum, according to rwa.xyz. That’s over three-quarters of the distributed assets on all the blockchain networks.

    Tokenization has a lot of potential. McKinsey thinks the market could be worth $2 trillion by 2030. However, it isn’t clear how it will evolve. Specifically, whether major financial institutions and payment providers will utilize existing crypto networks like Ethereum or build their own blockchains. We will likely see a combination of both, but the more people build on Ethereum, the stronger the ecosystem will be.

    In December, JPMorgan Chase announced the launch of its tokenized money market fund. The My OnChain Net Yield Fund (MONY) tokens are issued on Ethereum, and qualified investors can buy tokens through the Morgan Money platform. Next year will almost certainly bring a swath of similar products. Other institutions may well follow JPMorgan’s lead and build on Ethereum.

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  • Ethereum Price Targets Break Above $3K, Bulls Smell Opportunity

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    Ethereum price started a decent upward move above $2,900. ETH is now showing positive signs and might eye more gains above $3,000.

    • Ethereum started a recovery wave above the $2,920 zone.
    • The price is trading above $2,950 and the 100-hourly Simple Moving Average.
    • There is a bullish trend line forming with support at $2,930 on the hourly chart of ETH/USD (data feed via Kraken).
    • The pair could continue to move up if it settles above the $3,000 zone.

    Ethereum Price Eyes More Gains

    Ethereum price managed to stay above the $2,880 pivot level and started a recovery wave, like Bitcoin. ETH price climbed above the $2,920 resistance to enter a positive zone.

    The bulls were able to push the price above the 50% Fib retracement level of the downward move from the $3,075 swing high to the $2,888 low. Besides, there is a bullish trend line forming with support at $2,930 on the hourly chart of ETH/USD.

    Ethereum price is now trading above $2,950 and the 100-hourly Simple Moving Average. If the bulls are able to protect more losses below $2,950, the price could continue to move up.

    Source: ETHUSD on TradingView.com

    Immediate resistance is seen near the $3,000 level and the 61.8% Fib retracement level of the downward move from the $3,075 swing high to the $2,888 low. The first key resistance is near the $3,030 level. The next major resistance is near the $3,050 level. A clear move above the $3,050 resistance might send the price toward the $3,120 resistance. An upside break above the $3,120 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,200 resistance zone or even $3,220 in the near term.

    Another Decline In ETH?

    If Ethereum fails to clear the $3,000 resistance, it could start a fresh decline. Initial support on the downside is near the $2,950 level.

    The first major support sits near the $2,920 zone. A clear move below the $2,920 support might push the price toward the $2,880 support. Any more losses might send the price toward the $2,800 region. The next key support sits at $2,720.

    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 – $2,950

    Major Resistance Level – $3,000

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    Aayush Jindal

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  • Ethereum’s 2026 Overhaul Aims To Cut Costs, Boost Speed, Limit Censorship

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    According to reports, Ethereum plans two major hard forks in 2026 that aim to change how the network runs. Mid-2026 will see the Glamsterdam upgrade, and late 2026 is set for Heze-Bogota. These steps are meant to speed up transaction handling, add new validation tools, and make the chain harder to censor.

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    Ethereum Trading, Options Pressure

    Ethereum is currently above $2,900 as the market awaits a large options expiry. Reports put the expiring notional at $6 billion, with more call options than puts. Many contracts could end up worthless if ETH fails to rise above $3,100, the so-called max pain level.

    Analysts see a consolidation range between $2,700 and $3,100 into year-end, and some experts offer a bearish 2026 view, pointing to possible drops toward $1,800–$2,000 if broader market conditions worsen.

    Parallel Execution

    Glamsterdam targets parallel processing by letting multiple transactions run at the same time instead of one after another. Block access lists will tell nodes which data each transaction needs, which makes parallel work safer and more efficient.

    Protocol-level proposer-builder separation, or ePBS, is also planned. That move is expected to cut some centralization risks and make it easier for validators to use zero-knowledge (ZK) proofs without being penalized for extra compute time.

    Gas limits are expected to rise in stages, with talk of reaching 200 million per block after key changes land. About 10% of validators could start verifying ZK proofs rather than rechecking all transactions by year-end, based on current projections.

    Ether trading at $2,974 on the 24-hour chart: TradingView

    The push toward parallel execution could reduce slowdowns that happen when demand spikes. But higher gas limits come with tradeoffs. Running bigger blocks or faster workloads can raise hardware needs, which could make it harder for smaller validators to stay in the network. That balance between speed and decentralization will be watched closely.

    Layer-2 Throughput Could Jump Sharply

    A major part of the story is layer-2 scaling. Increasing the number of data blobs per block to 72 or more would give L2 systems much more space to store transaction data, which could let them process hundreds of thousands of transactions per second in aggregate.

    Designs like ZKsync’s Elastic Network aim to let users keep money on Ethereum while using faster L2s. An interoperability layer is also being discussed to move activity between different L2s more easily. Still, user experience, liquidity splits, and coordination between chains remain open issues that need work.

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    Heze-Bogota: Censorship Resistance

    Heze-Bogota will add tools to help groups of validators make sure certain transactions are included. Fork-choice inclusion lists are meant to reduce the risk that transactions get blocked if only part of the network remains honest. That change is more about values and permissionless access than it is about raw speed.

    Featured image from Firi, chart from TradingView

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    Christian Encila

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  • Market Maker Sounds Alarm: Volatility Persists in Thin Holiday Trading

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    Wintermute reports repeated selloffs as Bitcoin briefly dipped below $85K and Ethereum fell under $3K last week.

    As 2025 draws to a close, cryptocurrency markets are still volatile, with traders facing hundreds of millions in daily liquidations despite typically quiet holiday trading.

    This persistent instability, marked by sharp price swings and failing rallies, reflects a market still struggling to recover from a historic crash and now grappling with structural uncertainty heading into the new year.

    Heavy Liquidations Expose Fragile Year-End Market Structure

    According to a recent report by market maker Wintermute, downside pressure intensified early last week, with Bitcoin (BTC) briefly breaking below $85,000 and Ethereum (ETH) falling under $3,000 before derivatives-driven selloffs took hold.

    Liquidations topped roughly $600 million on Monday, followed by about $400 million each on Wednesday and Thursday, as steep rebounds were quickly sold into.

    “Downside moves remain abrupt, but they are increasingly self-contained as leverage is flushed quickly and capital retrenches into the most liquid assets,” the firm wrote.

    By the end of the week, activity slowed, and Bitcoin edged back toward $90,000, though that level again proved difficult to hold.

    As reported by CryptoPotato on December 23, BTC failed to secure a clean break above $90,000 before retreating toward the high-$80,000 range, with daily liquidations still near $250 million. This struggle has placed Bitcoin on track for a near-24% loss in the fourth quarter, its weakest Q4 since 2018, according to Coinglass data.

    Wintermute’s internal flow data points to a narrowing market. Buying interest is still focused on BTC and ETH, with institutional demand steady since the summer.

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    Meanwhile, retail traders seem to be moving out of smaller tokens and back into the majors.

    “BTC and ETH continue to act as the primary risk absorbers, while the broader market struggles under supply pressure and limited risk appetite,” Wintermute said.

    The firm also noted that token unlocks and excess supply have continued to weigh on altcoins.

    October’s Leverage Flush Still Hangs Over Sentiment

    The choppy conditions are also linked to deeper scars left by a massive sell-off in October. Several analysts have argued that the crash, which wiped out more than $12,000 from Bitcoin’s price in a single day, damaged confidence in leverage-heavy trading. BTC is now down about 7% year to date and is heading for one of its rare red years, despite relatively strong fundamentals.

    Wintermute echoed that caution, warning that price discovery is still happening “at the margin via derivatives,” leaving room for sudden air pockets when crowded positions unwind. Furthermore, funding rates remain compressed, options markets are pricing wide outcomes, and holiday trading desks are winding down, keeping liquidity thin.

    Looking ahead, the market maker expects quieter conditions into year-end, with range-bound trading unless a clear macro or policy trigger appears. While institutional involvement continues to grow, the firm cautioned that near-term moves are likely to be driven more by positioning than conviction, keeping volatility elevated even with activity slowing.

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    Wayne Jones

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  • Why Has The Solana Price Been In A Steady Downtrend Since January?

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    Solana’s price action this year has followed a clear but uncomfortable pattern. After pushing to a new all-time high around the $296 region in January, the rally quickly lost momentum and transitioned into a steady decline that has persisted for months. 

    Many traders have attributed this weakness to a risk-off sentiment across crypto, but a deeper on-chain breakdown shared by crypto analyst Ardi on X suggests the story began well before the January peak and has more to do with who was buying and who was quietly exiting.

    Distribution Was Already Underway Before The January Peak

    Solana has been on a clear downtrend since September, when it reached a lower high of around $247 compared to its January 19 all-time high of $293. One of the most important insights from Ardi’s analysis is that Solana’s January all-time high did not mark the start of distribution but rather the culmination of it. 

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    The chart attached to his post shows that selling volume was already increasing months earlier, well ahead of October, meaning that large holders were positioning for exits long before price reached its final peak. From that perspective, the January high looks less like the beginning of a new expansion phase and more like the last push of a rally. 

    Source: Chart from Ardi on X

    After that point, price action began forming lower highs, and each rebound attempt lacked the strength needed to reclaim the all-time high. Interestingly, Solana failed to reach a new all-time high, even as other large market cap cryptos like Bitcoin, Ethereum, XRP, and BNB pushed to new all-time highs during the year.

    Another interesting feature of the data is the widening gap between retail behavior and that of larger players. Cumulative delta metrics on the chart show that retail-sized wallets have been consistently active throughout the year and are increasing their activity even as Solana’s price moved lower.

    On the other hand, mid-sized and institutional wallets tell a very different story. Their activity has been trending downward for months, starting from the January peak and extending up until the time of writing.

    Is Solana’s Price Becoming Dependent On Memecoin Activity?

    Ardi’s analysis also raises a broader question about what is currently driving demand for Solana. Outside of retail activity on Solana itself, one of the few consistent sources of activity has been the memecoin sector. Successes and booms of meme coins like Cat in a Dogs World (MEW), Peanut the Squirrel (PNUT), and Fartcoin (FARTCOIN), which gained traction in the second half of 2024, contributed to Solana’s push to all-time highs during those periods.

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    Those meme coin successes culminated with the launch of the Official Trump ($TRUMP) token in January 2025 on Solana, which experienced eye-watering gains shortly after its launch. This, in turn, contributed to Solana’s all-time high in January. 

    However, since then, the TRUMP token and other Solana-based meme coins have been trending downwards in recent months and no longer command the same level of attention or trading intensity they had this time last year. That has led to the view that Solana’s price is increasingly sensitive to the success of memecoins in its ecosystem. 

    At the time of writing, Solana is trading at $121.50, down by about 58.6% from its January all-time high of $293.

    Solana
    SOL trading at $121 on the 1D chart | Source: SOLUSDT on Tradingview.com

    Featured image from iStock, chart from Tradingview.com

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    Scott Matherson

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

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    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

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    Aayush Jindal

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

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    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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    Chayanika Deka

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

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    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.”

    Related Reading

    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

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    Rubmar Garcia

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

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    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.

    Related Reading

    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

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    Rubmar Garcia

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

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    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

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    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

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    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. 

    Related Reading

    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

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    Scott Matherson

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

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    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

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    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

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    Aayush Jindal

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  • Analyst Sees Ethereum Outperforming Bitcoin to New ATH First

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    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

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    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.

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    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

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    Christian Encila

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