On CNBC, Tom Lee said Fed cuts and fading skepticism could lift U.S. stocks into year-end and that crypto may rebound as open interest resets and technicals improve.
Unlike Bitcoin, the Ethereum price has struggled to hold up, and even after the crypto market recovery, the price remains below $4,000, which is a major psychological level. Given this, it seems that the cryptocurrency is set to close the month of October in the red, losing almost 5% of its value already this month. However, with the month of November quickly rolling by, the Ethereum price might be in for a bounce, as November has historically been green for the market. November Could Hold The Key For Ethereum Price Looking at the historical price data for Ethereum on the CryptoRank website, there seems to be a balance between years when the month was red and years when it was green. In a decade, there have been five years where the Ethereum price has seen gains in November and five years where there have been losses. Related Reading: Bitcoin And Astrology: Moon Cycles Predict When The BTC Price Will Touch $138,000 However, there seems to be a rather bullish pattern: the years when the month was green saw double-digit gains, eventually resulting in higher gains than losses. As a result, the average return for the month is 6.93%, and the median return, while low, also remains positive at 1.42%. Given the fact that there is no clear trend to pinpoint where the price is headed, the bears and the bulls look to have equal chances. But if it does turn out to be in the green, it is likely that the Ethereum price will witness a double-digit surge. Such a move would help it clear the $4,000 resistance with momentum. Q4 Still Has Potential Quarterly returns for the Ethereum price have not exactly been the best in the last quarter of the year, but that has not changed the fact that the altcoin tends to perform quite well overall. There is also the trend of Q4 ending in the green if the previous Q2 and Q3 were in the green, which is the case right now. In Q2 of 2025, the Ethereum price ended with an average positive return of 36.5% and in Q3, it followed with a 66.7% return, the highest so far. With October trending low, there is already a 4.83% decline this year, but with more than 2 months to go, there is still time for things to change. Related Reading: Why The Dogecoin Price Could Reverse To $0.5 As Momentum Reaches Historical Lows Only one year in history has the Ethereum price closed Q4 in the red after Q2 and Q3 ended in the green, and that was nine years ago in 2016. Since then, the trend has always seen the ETH price continuing the rally. This was the case back in 2017, and then again in 2020 and 2021. Since then, this trend has not returned, and 2025 is the first time in four years that the Ethereum price has ended both Q2 and Q3 in the green. If the historical performance holds, the Ethereum price could see an average of a 50% increase, or even double, like it did back in 2017 and 2020, before the year is over. Featured image from Dall.E, chart from TradingView.com
The financial world is witnessing an unprecedented shift, as Ethereum solidifies its position as the sole asset capable of becoming a multi-trillion-dollar institutional store of value. ETH is the only one currently demonstrating the scale, utility, and institutional acceptance to command and securely hold multi-trillion-dollar allocations, fundamentally redefining the future of global wealth preservation and growth. Why Ethereum Is The Foundational Role For Institutional Capital Ethereum has quietly become the final form of digital trust for institutions to store trillions of dollars. A market expert and entrepreneur, partnering with OKX and MEXC, Ted Pillows, has stated on the social media platform X that ETH decentralization is nearly impossible to replicate, a network that was largely community-funded, not VC-funded, and forged through proof-of-work (PoW). Related Reading: The Inevitable Convergence: How Ethereum Became The Settlement Layer For All Altcoins Furthermore, the reliability of ETH has been 100% uptime over 10 years of flawless operation and 16 successful upgrades. The ETH Layer 1 and Layer 2 architectures are designed to offer regulatory safety, where institutions can deploy compliant solutions. Meanwhile, the KYC-enabled Layer 2s do not compromise on the fundamental decentralization or security of the leading ETH blockchain. Maintaining A Buffer For Market Opportunities While Ethereum is a safe place for institutional investors to store trillions of dollars, analyst Luca has noted that the ETH price has shown strength as it bounced off the Weekly Bull Market Support Band, which has previously acted as a strong reversal over several weeks. This level also aligns with the high-timeframe support area marked in green, the same zone that served as a major resistance throughout most of 2024. Related Reading: Ethereum Price Faces Rejection Near Resistance Zone — Risk Of Deeper Correction Rises Luca believes that due to this confluence, and as long as the price holds above this range, the broader market structure will continue to favor the upside. However, ETH still faces a critical test ahead. Until it breaks above the golden pocket between the 0.5 and 0.618 Fibonacci retracement Point of Interest (POIs), the same zone that triggered the last rejection, the analyst highlighted that the best approach is to stay somewhat cautious. He also added that investors should be ready for further consolidation within the high-timeframe accumulation range. As Luca has highlighted, the priority now is risk management. Avoid unnecessary leverage, don’t overexpose on short-term setups, and maintain a diversified portfolio with moderate exposure to defensive sectors. This will help ride out the volatility as ETH moves closer to the top of the cycle. While advocating for a cash buffer, the expert noted that if ETH breaks below the Weekly Bull Market Support Band, it would signal a potential deeper downside and justify hedging part of spot holdings to mitigate short-term risk. Featured image from Pxfuel, chart from Tradingview.com
Reports have disclosed a 400% rise in stablecoin transfers on Ethereum over the last 30 days, pushing total transfer volume to $581 billion and more than 12.5 million transfers, according to Token Terminal. Related Reading: 16,000 Ancient Bitcoins Just Moved—And It’s Costing Whales Billions The stablecoin market cap on Ethereum now tops $163 billion. At the same time, Ethereum has fallen about 4.50% in the past week, and briefly tested support near $3,738, which some traders called a buying opportunity. Whales Step In With Large Buys On-chain trackers show heavy buying from large holders. A newly created wallet, 0x86Ed, spent $32 million to pick up 8,491 ETH in roughly three hours, based on Arkham Intelligence records. Another high-profile account monitored by LookOnChain moved 284K USDC into Hyperliquid after recent liquidations, apparently to maintain long exposure to ETH. Reports say October’s stablecoin transaction volume on Ethereum passed $1.91 trillion for the second time on record, a sign that big flows are still moving through the network. USDT usage on Ethereum is at an all-time high, with key metrics up ~400% from Sep ’23 lows. Monthly transfer volume in September was $580.9 billion & transfer count 12.5 million. At a ~$500 billion valuation, @Tether_to is the most valuable business building on @ethereum. pic.twitter.com/Z83e68NO8C — Token Terminal ???? (@tokenterminal) October 13, 2025 Institutions Are Increasing Exposure CryptoQuant and exchange data point to a rise in institutional interest. CME futures open interest for ETH has climbed, suggesting larger players are setting positions ahead of a potential price move. Fundstrat’s Tom Lee was cited saying ETH could head toward $5,000 if the ETH/BTC ratio clears the 0.087 resistance. Matt Sheffield, CIO at Sharplink Gaming, told analysts that past liquidations did not stop real use and that the scale of payments on legacy systems — SWIFT processes about $150T a year — shows how much room exists for stablecoins to grow on Ethereum. Big money is flowing into #Ethereum institutional interest is clearly rising fast…. The surge in CME futures open interest signals that smart money is gearing up for a major $ETH move ahead… pic.twitter.com/8oUfApDeoP — BitGuru ???? (@bitgu_ru) October 23, 2025 Technical Setups Show Clear Levels To Watch Technical analysis experts have noted a confluence of indicators near today’s prices. Currently, ETH is trading near $3887, just above the significant Fibonacci retracement of 0.618 at $3781. The 0.786 retracement is near $3,640 with the level of formal invalidation set at $3443. Some technicians have pointed to a triple bottom trading pattern around $3600, as well as the potential for a new accumulation reading from a Wycoff re-accumulation pattern which could lead to higher targets (notably $5125 at the 1.618 extension. Related Reading: ‘Unthinkable Scenario’ Required For Bitcoin To Hit $250K, CEO Says Balance Between Flow And Risk In sum, with heavy stablecoin flow, whale buying, and increasing interest in futures, this has created a basis for bullish calls into the $5000 range. That said, chart patterns fail, on-chain movements may not lead to changes in price, and traders who remain cognizant of the ETH/BTC ratio, the invalidation line at $3443, and whether large transactions are transferring or being used for longer-term custody, may get more clarity in the coming sessions. Featured image from Motion Island, chart from TradingView
Ethereum is struggling to push above the $4,000 level, as market sentiment remains uncertain and volatility keeps investors cautious. Despite several attempts, bulls have failed to sustain momentum, suggesting hesitation at key resistance levels. However, new on-chain data is drawing attention to potentially large-scale liquidity moves that could influence Ethereum’s next direction. Related Reading: Bitcoin STH-SOPR Falls Below 1.0 for the First Time Since April – What This Means According to Lookonchain, an Ethereum OG holding 736,316 ETH (worth approximately $2.89 billion) recently deposited $500 million USDT into the vaults launched by ConcreteXYZ and Stable, just before their official announcement. This has sparked significant curiosity across the crypto community, as the transaction appears strategically timed and could signal preparation for major yield or liquidity activity. ConcreteXYZ is a next-generation liquidity protocol designed to connect institutional and DeFi capital through tokenized vaults. It allows users to allocate stablecoins and crypto assets into yield-bearing strategies while maintaining full transparency and composability within the Ethereum ecosystem. The whale’s massive deposit — preceding the public reveal — suggests potential insider positioning or high-conviction participation in these vaults. Such large inflows often act as early indicators of shifting liquidity dynamics, particularly when aligned with projects positioned at the intersection of DeFi infrastructure and institutional finance. Whale Dominance in Aave and Stablecoin Vaults Raises Strategic Questions According to Lookonchain, the same Ethereum OG who recently interacted with ConcreteXYZ and Stable deposited 300,000 ETH into Aave and borrowed $500 million USDT. Out of the total $775 million USDT deposited across the new vaults, this single whale accounted for 64.5% of the total liquidity, underscoring their dominant role in this sudden market activity. This move represents a sophisticated on-chain strategy often seen among experienced whales. By supplying ETH as collateral on Aave — one of the largest decentralized lending protocols — and borrowing USDT against it, the whale effectively unlocks liquidity without selling their Ethereum holdings. This allows them to deploy large sums into yield opportunities, such as the newly launched ConcreteXYZ vaults, while retaining exposure to ETH’s long-term upside. Such a concentration of liquidity from one entity can have several implications for the broader market. On one hand, it highlights growing confidence among deep-pocketed players in the DeFi ecosystem’s stability and profitability. On the other hand, it raises questions about market influence and systemic risk, since a single participant holds such a large portion of capital inflows. Related Reading: Chris Larsen Cashes Out: $764M In XRP Profits Since 2018 If this borrowed liquidity is used for yield farming or strategic positioning rather than short-term speculation, it could reinforce Ethereum’s ecosystem fundamentals by increasing DeFi activity and on-chain engagement. However, if market conditions deteriorate and collateral values fall, liquidations could amplify volatility. In essence, this massive Aave–ConcreteXYZ transaction demonstrates how whales leverage DeFi infrastructure to maintain dominance, optimize liquidity, and influence ecosystem-wide capital flows — making this one of the most significant on-chain moves of the quarter. Ethereum Rebounds but Faces Resistance Near $4,000 Ethereum’s price is currently trading around $3,964, showing signs of a modest rebound after recent volatility. The daily chart indicates that ETH has been attempting to recover from its October lows. But remains trapped below key resistance at $4,000–$4,200, where both the 50-day and 100-day moving averages converge. This is a zone that often acts as a strong rejection area during consolidation phases. Despite short-term gains, Ethereum’s broader structure still reflects uncertainty. The 200-day moving average, sitting near $3,200, continues to provide strong dynamic support, preventing a deeper breakdown. However, the inability to break above $4,000 has left the asset vulnerable to renewed selling pressure if momentum weakens. Related Reading: Bitcoin Trapped On Binance: The Battle Between $107K and $119K Heats Up Volume patterns suggest limited conviction among buyers, as each rally attempt has been met with fading strength. To regain a sustainable bullish outlook, Ethereum needs a decisive close above $4,200. This would signal a potential continuation toward $4,500 and higher. Conversely, failure to reclaim that range could lead to a retest of $3,600–$3,500. Featured image from ChatGPT, chart from TradingView.com
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The crypto market continues to watch the Ethereum price closely as the year moves toward its final months. Analyst Bobby A shared his personal view about how he sees Ethereum performing through the last quarter. He said his forecast is only a loose guide, not a strict timeline, and that people should take it lightly. Still, his post gives a fascinating look into how the market could shift from uncertainty to strength before the year closes. Bobby A Shares His Outlook For The Ethereum Price Final Quarter Performance In his recent post on X, Bobby A shared his latest Ethereum price prediction, calling it a “very loose attempt” at guessing how the rest of the market cycle might unfold. He reminded his followers that he usually does not focus on time-based analysis and asked them to take his words “with a grain of salt.” Related Reading: Dogecoin RSI Breakout Shows Main Target, Why $1 Is Still Possible The analyst’s prediction is based on the current market structure and suggests what could happen in the last quarter of 2025. He is more about giving direction than making an exact price call, suggesting that while short-term moves can be unpredictable, the bigger picture for the Ethereum price might be setting up for a shift as the year ends. Although he made it clear that this is not a firm price forecast, his post suggests that Ethereum could still face turbulence before regaining its strength. Analyst Sees October Weakness, November Recovery, And December ATHs In the same post, Bobby A gave a simple month-by-month outline of how he thinks the Ethereum price might move in the last quarter of 2025. He wrote that for the rest of October, the market could continue to “chop,” meaning prices may swing up and down with some downside risk still present. This prediction suggests that the market may not yet have found solid ground and could still test lower areas before recovering. Related Reading: Economist Explains The Reality Behind XRP Price Reaching $100,000, It Can’t Overtake Bitcoin However, he expects a recovery in November, pointing to a possible shift in market sentiment. This phase could bring back confidence among traders and start building momentum again. His most optimistic view comes for December, when he believes the Ethereum price could reach new all-time highs (ATHs). That shows that despite the shaky start, he sees potential for a strong finish to the year. Bobby A’s post on the Ethereum price reflects both caution and hope. While he admits that timing is tricky to get right, his breakdown paints a picture of improvement after short-term weakness. His view aligns with how some traders currently see Ethereum’s price: struggling now but showing signs of strength ahead. Whether or not the market follows this path, his post adds to the growing discussion about the Ethereum price potential price comeback before the year ends. Featured image created with Dall.E, chart from Tradingview.com
Ethereum price started a recovery wave from $3,700. ETH is moving higher but faces a couple of key hurdles near $3,900 and $3,955. Ethereum started a fresh recovery above $3,780 and $3,820. The price is trading above $3,850 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $3,900 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it trades above $3,920. Ethereum Price Eyes Upside Break Ethereum price started a minor recovery wave from the $3,710 zone, like Bitcoin. ETH price surpassed the $3,800 and $3,820 levels to enter a short-term positive zone. The price even spiked above $3,880, but the bears were active near the 50% Fib retracement level of the downward move from the $4,110 swing high to the $3,708 low. Besides, there is a bearish trend line forming with resistance at $3,900 on the hourly chart of ETH/USD. Ethereum price is now trading above $3,850 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $3,880 level and the trend line. The next key resistance is near the $3,955 level or the 61.8% Fib retracement level of the downward move from the $4,110 swing high to the $3,708 low. The first major resistance is near the $4,020 level. A clear move above the $4,020 resistance might send the price toward the $4,120 resistance. An upside break above the $4,120 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,150 resistance zone or even $4,165 in the near term. Another Decline In ETH? If Ethereum fails to clear the $3,900 resistance, it could start a fresh decline. Initial support on the downside is near the $3,820 level. The first major support sits near the $3,800 zone. A clear move below the $3,800 support might push the price toward the $3,720 support. Any more losses might send the price toward the $3,650 region in the near term. The next key support sits at $3,620. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,800 Major Resistance Level – $3,900
Ethereum (ETH), the second-largest cryptocurrency by market cap, continues to trade slightly below the psychologically important $4,000 price level, following the brutal drawdown on October 9, which saw the digital currency test the support at around $3,435. Ethereum Stays Above Realized Price – Bullish Momentum Soon? According to a CryptoQuant Quicktake post by contributor TeddyVision, Ethereum is trading above its Realized Price at approximately $2,300. Dubbing the price level a “fundamental support zone,” the analyst said that historically, any dips below this level have marked a capitulation phase. Related Reading: Here’s What Happens To The Ethereum Price If Bullish Momentum Holds For the uninitiated, Realized Price represents the average cost basis of all ETH holders, calculated by dividing the total value of all ETH at the time they last moved on-chain by the current circulating supply. Realized Price effectively shows the “true” average price investors paid, serving as a key indicator of whether the market is in profit or loss. As long as ETH trades above Realized Price, the market structure is likely to remain bullish. The analyst also highlighted Ethereum’s Market Value to Realized Value (MVRV) ratio. Notably, ETH holders are currently, on average, at 67% profit relative to their cost basis. This metric gives two major hints about the current market. First, it shows that although the market is profitable, it is still far from “overheated” levels. Second, it indicates that market participants are confident about the market’s upward momentum, but not quite euphoric. To explain, the MVRV ratio compares the market value of an asset to its realized value. A higher MVRV indicates holders are sitting on larger unrealized profits – often signaling potential overvaluation – while a lower MVRV suggests undervaluation or market fear. Further, TeddyVision noted Ethereum’s reaction from the Upper Realized Price Band, which is currently located around $5,300. The analyst remarked: Price pulled back before reaching the “Overheating Zone. This isn’t a reversal – it’s a consolidation phase after distribution, a healthy cooldown without structural damage. Finally, spot inflows of ETH to crypto exchanges are also slowing down, hinting that the next leg up for the digital asset will likely depend on fresh liquidity, and not leverage. To sum it up, Ethereum is slowly moving from the distribution phase to the consolidation phase. Is It A Good Time To Buy ETH? While providing reliable future predictions in the crypto market remains a challenging task, fresh on-chain and exchange data point toward ETH regaining its bullish momentum. For instance, Binance funding rates recently hinted that ETH could surge to $6,800. Related Reading: Ethereum Poised For Breakout? SOPR Trend Hints At $5,000 Upside Similarly, ETH reserves on exchanges continue to fall at a rapid pace. Earlier this month, ETH supply on exchanges hit a multi-year low, increasing the probability of a potential “supply crunch” that can dramatically increase ETH’s price. That said, crypto analyst Nik Patel recently cautioned that ETH’s price correction may not yet be fully over. At press time, ETH trades at $3,849, up 0.3% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
Ethereum is holding firm within the $3,600–$3,800 range, showing resilience despite recent market pullbacks. Such a consolidation phase could be the calm before a major breakout, as chart patterns hint at a possible pre-rally formation that might propel ETH toward new all-time highs. Potential Right Shoulder Formation Signals Structural Strength Crypto analyst MarketMaestro delivered a detailed technical update on ETH, noting that the asset recently suffered a key rejection at its neckline resistance. Following this failure, the price is now positioned in a crucial retest phase at a red diagonal resistance line that it had previously surpassed. ETH’s market’s success in holding this diagonal is essential to avoid completely losing the bullish momentum built up in the prior moves. Related Reading: Ethereum Slides Gradually — Buyers Losing Control As Market Turns Cautious The analyst further noted that the current price movement suggests ETH could be forming a right shoulder in this region. This structural development is highly significant because the right shoulder simultaneously works to complete two major, highly bullish chart patterns. It is the final component needed to create the handle for the Cup and Handle pattern, while forming a larger Inverse Head and Shoulders (Inverse H&S) pattern. The simultaneous formation of both the Inverse H&S and the Cup and Handle in the same area is extremely rare and powerful, indicating that the market is setting the stage for highly bullish formations for the next quarter. Considering this powerful confluence of classic reversal and continuation patterns, along with the behavior of the broader market index, MarketMaestro views this entire consolidation phase not as weakness but as a logical pre-rally setup. He concludes with a high degree of confidence that the “pain threshold” or the maximum expected downside risk will likely not be very high. Bullish Bias Intact As Long As Support Remains Firm In a recent update, analyst Crypto Candy noted that the ETH scenario remains largely unchanged, despite recent market movements. A key takeaway from the analysis is that the asset is demonstrating significant resilience by strongly holding the crucial support zone between $3,600 and $3,800. Related Reading: Here’s What Happens To The Ethereum Price If Bullish Momentum Holds The analyst reiterated the importance of this specific range, emphasizing that as long as the $3,600–$3,800 zone successfully sustains, the medium-term bullish outlook remains firmly in place. This suggests that buyers are aggressively defending this level, preventing a deeper correction from continuing. Given the strength shown at this support level, Crypto Candy maintains a strong price forecast: the market is expected to target $4,700, with the potential to reach a new ATH. This bullish bias, the analyst concludes, remains valid until the $3,600–$3,800 support zone is breached. Featured image from Getty Images, chart from Tradingview.com
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
President Donald Trump has pardoned Binance founder Changpeng Zhao. The pardon came after CZ’s efforts to support the Trump family’s crypto ventures, including World Liberty Financial USD (USD1) and WLFI. The White House said Trump acted to end the “Biden Administration’s war on cryptocurrency.” Following the announcement, BNB price jumped over 5% to trade above …
BlackRock's Ethereum ETF activity signals growing institutional interest, potentially boosting Ethereum's role in finance and tokenization.
The post BlackRock’s Ethereum ETF purchases $111M in Ethereum appeared first on Crypto Briefing.
Ethereum (ETH) price is struggling to reclaim bullish momentum after failing to break through a key resistance level, even as broader market conditions remain mixed. The cryptocurrency market has recently seen increased volatility, with Bitcoin’s sideways movement and renewed profit-taking dampening short-term sentiment. However, underlying fundamentals such as steady network activity and renewed institutional interest …
Ethereum price started a recovery wave from $3,700. ETH is moving higher but faces a couple of key hurdles near $3,850 and $3,920. Ethereum started a fresh recovery above $3,750 and $3,800. The price is trading below $3,850 and the 100-hourly Simple Moving Average. There is a short-term bearish trend line forming with resistance at $3,850 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it trades above $3,920. Ethereum Price Dips Again Ethereum price started a minor recovery wave from the $3,700 zone, like Bitcoin. ETH price surpassed the $3,750 and $3,800 levels to enter a short-term positive zone. The price even cleared the 23.6% Fib retracement level of the downward move from the $4,110 swing high to the $3,708 low. However, the bears remained active near the $3,840 resistance zone and prevented an upside continuation. Ethereum price is now trading below $3,850 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $3,845 level. Besides, there is a short-term bearish trend line forming with resistance at $3,850 on the hourly chart of ETH/USD. The next key resistance is near the $3,920 level or the 50% Fib retracement level of the downward move from the $4,110 swing high to the $3,708 low. The first major resistance is near the $3,950 level. A clear move above the $3,950 resistance might send the price toward the $4,020 resistance. An upside break above the $4,020 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,120 resistance zone or even $4,150 in the near term. More Losses In ETH? If Ethereum fails to clear the $3,850 resistance, it could start a fresh decline. Initial support on the downside is near the $3,800 level. The first major support sits near the $3,740 zone. A clear move below the $3,740 support might push the price toward the $3,700 support. Any more losses might send the price toward the $3,650 region in the near term. The next key support sits at $3,620. 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 below the 50 zone. Major Support Level – $3,740 Major Resistance Level – $3,850
In the race to build faster, cheaper, and more scalable blockchains, every major altcoin ecosystem has traced back to Ethereum. What began as a single programmable blockchain has evolved into the base layer of liquidity, infrastructure, and innovation for the broader crypto economy. Two High-profile Chains That Chose Integration Over Isolation A new compelling argument has emerged, which redefines the future of Layer 1 (L1) blockchains, particularly those compatible with the Ethereum Virtual Machine (EVM). According to the Head of the Ecosystem at Ethereum Foundation, James_gaps, Celo and Ronin have proved why every altcoin’s L1 might eventually become an ETH L1. Related Reading: Ethereum Fusaka Upgrade Set To Redefine ETH Performance — Here’s What to Expect Celo has shut down 110 validators and cut security costs by 99.8%, from $6.9 million per year to just $13,200. Meanwhile, Ronin, another significant gaming-focused L1, has paid out $35 million in staking rewards since 2023 to maintain its L1. Currently, they’re redirecting that capital to developers who actually drive revenue. Despite the shift, they remain vibrant and are processing 350,000 daily active addresses across 1000 live games, with transaction activity surpassing even the peak of Axie Infinity’s 2.8 million-user era back in 2022. With the impending Fusaka upgrade, blob capacity is increasing eightfold, further enhancing their scalability. However, James_gaps explained that the founder of Ronin put it best, and in all EVM L1s are future L2s. When you can outsource security to ETH for pennies on the dollar instead of millions, while still retaining your user base and maintaining sovereignty, the economic rationale for becoming an L2 becomes undeniable. Building The Base For The Next Leg Higher Ethereum is demonstrating strength in terms of blockchain performance and price. Analyst Luca has noted that the ETH price has continued to consolidate around the higher timeframe support range marked in green, which previously acted as a strong resistance throughout 2024, capping multiple local tops. The flip from resistance to support now aligns with the Weekly Bull Market Support Band, a zone that has served as a reliable support over the past few months. Related Reading: Here’s What Happens To The Ethereum Price If Bullish Momentum Holds Luca believes that as long as ETH holds above these levels, the mid-term outlook remains bullish. In the coming days, the key test will become the resistance range marked in purple on the lower timeframes, which aligns with the golden pocket between the 0.2 and 0.618 Fibonacci Point of interest (POIs). A decisive break above this zone would confirm bullish continuation. Furthermore, if the price fails to hold the Weekly Bull Market Support Band near the $3,790, and makes a decisive daily close below it, the expert is set to hedge part of my spot holdings to mitigate short-term downside risk. Until that breakdown actually occurs, the mid-term structure will remain bullish. Though the current consolidation appears to be a healthy base before the next move higher. Featured image from Getty Images, chart from Tradingview.com
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
When Kadena Organization, the company behind the Kadena blockchain, announced it was shutting down operations on Oct. 21, the message was formal, quiet, and devastatingly simple. The company thanked its community, cited “market conditions,” and confirmed that it would cease all business activity and maintenance of the blockchain immediately. In a final note on X, […]
The post From $4B peak to shutdown: What Kadena’s fall teaches other L1 blockchains appeared first on CryptoSlate.
The broader crypto market is currently navigating a phase of uncertainty, with concerns mounting over the possibility of a new bear market. A recent analysis by Barchart analyst Rob Isbitts highlights three significant signals suggesting that a deeper retreat in crypto prices may be on the horizon. Emerging Correlations Among Crypto Prices The report points to notable trends observed in April of last year, when a 50% increase followed the launch of several spot Bitcoin exchange-traded funds (ETFs_. Specifically, BlackRock’s IBIT fund which boasts over $85 billion in assets under management, subsequently experienced a decline of approximately 25%. Related Reading: Bear Market Alert: Top Expert Claims Bitcoin Price Fate Hangs On $101,700 Support Level A similar pattern was evident in the early months of this year, where fluctuations were mirrored in the market as increased outflows in these investment vehicles began to rise. Currently, the Percentage Price Oscillator (PPO)—a key indicator used by Isbitts—signals increasing chances of a decline in Bitcoin’s price as the weeks progress. Ethereum (ETH) appears to be following a comparable trajectory. Isbitts notes that while Bitcoin remains the leading cryptocurrency, the correlation among various coins is strengthening over time. This heightened correlation implies that Ethereum may also experience declines in tandem with Bitcoin. However, for cryptocurrencies that are further removed from the Bitcoin core, such as Solana (SOL), additional risks emerge. In these cases, not only does correlation impact prices, but a higher “beta” can lead to even steeper declines, reflecting increased volatility. For instance, when Bitcoin recently dropped about 15% from its peak, the futures -based Solana ETF (SOLZ), which has attracted over $220 million in assets in less than seven months, fell by double that percentage. Has Gold Regained Its Safe Haven Status Against Bitcoin? A common thread among the charts shared by Isbitts, is the recent formation of lower lows, indicating a pressing need for a rebound. If this does not occur soon, the expert highlights that the likelihood of further declines in crypto prices increases. The report also discusses a shift in the perception of gold, which has traditionally been viewed as an “anti-US dollar asset.” The expert asserts that as global central banks increase their gold reserves, the dynamics of the market may be changing. Related Reading: Solana Co-Founder Ventures Into Perpetual DEX Development: What You Should Know Recently, gold has exhibited price movements akin to those seen in cryptos, suggesting a potential resurgence in its role as a safe haven. This shift has impacted crypto stocks and ETFs, with certain funds showing signs of vulnerability as indicated by the PPO nearing a one-year high. A longer-term analysis of Bitcoin by Isbitts illustrates its inherent volatility, yet it has consistently managed to achieve higher highs over time. While this trend may continue, the current market conditions suggest that any future rallies are likely to start from lower price levels. As of this writing, however, Bitcoin, the market’s leading crypto, has regained the $112,900 mark, rising 3% in the last hour of Tuesday morning’s trading session. Featured image from DALL-E, chart from TradingView.com
The October AWS outage took down some of crypto’s most prominent companies and networks. Many in the community pointed out their lack of decentralization.
The Ethereum Foundation (EF) has transferred over $650 million worth of ETH to a wallet previously used for selling. According to on-chain data analysis from Arkham Intelligence, the EF sent 160k ETH to a wallet that was previously used to deposit coins to crypto exchanges for selling. According to Arkham Intelligence, the EF wallet that …
In a market update on Oct. 10, technical analyst Nik Patel (@OstiumLabs) argued that Ethereum is approaching a make-or-break zone where the next few sessions could define whether the advance resumes or a deeper unwind unfolds. With spot ETH quoted around $4,000, Patel anchored his thesis to a tight cluster of reclaim and invalidation levels on both ETH/USD and ETH/BTC, emphasizing that lower-timeframe behavior must align with higher-timeframe structure to keep the bullish path open. Key Price Levels For Ethereum Now On the weekly ETH/USD chart, Patel said the market “wicked lower into the August open last week but held above the previous weekly low and trendline support,” resulting in an inside week that nevertheless closed “marginally below that major pivot.” The pivot is explicit: “We want to see this pivot at $4,093 reclaimed immediately and not flipped into resistance here on the lower timeframes, or else we could expect another flush of the lows towards that 2025 open.” Related Reading: Ethereum Death Cross That Last Preceded A 60% Drop Just Returned If buyers do force the reclaim, Patel expects last week’s action to stand as a quarterly low: “If we do reclaim $4,093 here, which is what I expect, we should have our quarterly low now in and I would want to see $4,400 flipped into support for the move higher into all-time highs and beyond.” He framed the weekly invalidation at $3,700, warning that a close below would put the yearly open on watch as “last-stand support” for the bullish structure; failure there risks “a much bigger unwind back into $2,850.” Patel’s base case remained constructive: “acceptance back above $4,093 into next week and then a close above $4,400 for October, leading to new highs through $5,000 in early November and a very strong month for ETH.” The daily ETH/USD read connects that high-timeframe blueprint to momentum and market structure. Patel noted “momentum exhaustion into the lows” followed by a higher-low last week, a formation that now must be defended. He wants to see the sequence reassert itself with a drive above the mid-range and a subsequent higher-low above the weekly pivot: “we absolutely want to see this structure now protected and price to form a higher-high above the mid-range at $4,352 and then another higher-low above $4,093 before a breakout higher and a push towards fresh highs.” For confirmation of an impulsive leg, he flagged a trendline break, a flip of the ATH-anchored VWAP into support, and an RSI regime shift: “If we get a trendline breakout and price flips that ATH VWAP into support with daily RSI above 50, I’d expect a move into $4,950 very swiftly, followed by price discovery in November.” The daily invalidation mirrors the weekly logic: if $4,093 acts as resistance and the market pushes below $3,700—then closes beneath it—“we’re absolutely retesting the yearly open,” in his view. ETH Vs. BTC Against Bitcoin, Patel contends that the relative pair has likely printed its Q4 low. On the weekly ETH/BTC chart, price was rejected at trendline resistance, then retraced to the yearly open and held, closing “marginally green” while respecting trendline support off the 2025 lows. “It is my view that the Q4 low for the pair has formed here,” he wrote, adding that a retest and break above the descending boundary into early November would set the stage for a measured expansion: “acceptance above 0.0417 opens up the next leg higher into 0.055.” He placed weekly invalidation at 0.0319. Related Reading: Ethereum Kimchi Premium Spikes To New High — Sign Of Impending Sell-Off? The daily ETH/BTC map refines those signals into actionable levels. Price “marked out that low between 0.0319 and the yearly open before bouncing hard and reclaiming 0.036 as support.” Ideally, 0.036 now acts as a springboard; if not, Patel allows for a higher-low “above the 0.0319 level before continuation higher.” The tactical tell would be a flip of nearby supply: “If we can flip 0.0379 as reclaimed support here, that would be promising for the view that a trendline breakout is imminent, following which I would expect 0.0417 to be taken out and price to head higher, with minor resistance above that at 0.049 before 0.055.” He also identified a confluence band below: “We have a confluence of support between 0.0293 and 0.0319, so flipping that range into resistance would be very bearish ETH/BTC.” Taken together, Patel’s Oct. 10 blueprint hinges on three synchronizations: ETH/USD must swiftly reclaim and defend $4,093; $4,400 must convert from ceiling to floor to clear the runway toward prior highs and a potential $4,950 extension; and ETH/BTC should drive through 0.0379 and then 0.0417 to confirm relative-strength breadth beneath any dollar-denominated breakout. The downside is equally crisp: failure to reclaim $4,093, a weekly close below $3,700, and a subsequent loss of the yearly open would validate the risk that, in Patel’s words, Ethereum could “unwind back into $2,850.” At press time, ETH traded at $3,872. Featured image created with DALL.E, chart from TradingView.com
The crypto market, led by Bitcoin (BTC) and Ethereum (ETH), is on the rise. The total crypto market cap edged 2.17% higher on Tuesday, October 21, during the mid-North America session, to hover about $3.83 trillion at press time. Bitcoin Leads the Crypto Pump According to Coinpedia’s market data, Bitcoin price gained around 3% to …
Aave currently serves nearly 1,000 unique borrowers daily, facilitating approximately $25 billion in outstanding loans on Ethereum.
The Nasdaq-listed firm made its first ether purchase since August as the crypto correction weighs on digital asset treasuries.
Coming out of the weekend, the Ethereum price has seen a rise in its bullish momentum. While it is still in its early stages, there is the possibility that the bulls are able to hold this momentum for a reasonable amount of time, thereby pushing sentiment straight into the positive once again. If this happens, then it carries some implications for the Ethereum price and could trigger the next wave of rallies for the cryptocurrency. Ethereum Price Eyes Next Breakout Speaking on the recent bullish momentum that the Ethereum price has enjoyed, crypto analyst Klejdi Muni revealed that this was a direct result of the formation of a bullish flag pattern on the chart. Not only did the Ethereum price complete this bullish formation, but it was also able to break above the flag, something that is very bullish for the cryptocurrency. Related Reading: Bitcoin Holding Above Gaussian Channel, Bull Market Structure Still Intact The initial breakout above the $4,000 resistance shows that bulls are picking up momentum, and the only hurdle now is to keep this momentum going. If the momentum is sustained, then the next target for the Ethereum price to beat would be at the $4,285 level. Once this level is broken, then it is only a matter of time before Ethereum rallies in what could be another campaign for new all-time highs. On the flip side of this, though, is the possibility that bears would be able to drag the price back downward. This would happen if the support at $3,900 were to be broken. Such a move could invalidate the entire bullish thesis, especially if they are able to stop the current bullish momentum in its tracks. Thus, Ethereum bulls must keep the price above the $3,900 support if they want to maintain the current trajectory. Bullishness Is The Order Of The Day Another crypto analyst, Linofx1, has also echoed the bullish sentiments surrounding the Ethereum price. In their own analysis, Lino expressed that the Ethereum price was now bullish after testing a significant daily support level above $3,800. Related Reading: XRP Wallets Holding Over 10,000 Tokens Hit Record High Amid Price Recovery With this, there was the formation of an Inverted Head and Shoulders pattern, which is ultimately bullish for any digital asset. The price was able to complete a breakout from the neckline, rising to the top before encountering some resistance. This, the analyst explains, shows that there has been a local change of character from bearish to bullish. From here, the analyst highlights that the next level that needs to be broken is the $4,300 level. This is eerily close to Muni’s $4,285 resistance that holds the key to the next breakout. Featured image created with Dall.E, chart from Tradingview.com
Péter Szilágyi, a former EF core developer, sparked debate by publishing a critical letter he sent to EF leadership last year.
Ethereum is once again in the spotlight this time for both praise and controversy. While co-founder Vitalik Buterin applauded Polygon and its co-founder Sandeep Nailwal for their remarkable contributions to the Ethereum ecosystem, Ethereum core developer Péter Szilágyi criticized the network’s internal governance, accusing the Ethereum Foundation of being overly centralized. These opposing perspectives underscore …
Ethereum price started a recovery wave above $3,950. ETH failed to clear $4,050 and recently started a fresh decline below $4,000. Ethereum started a fresh recovery above $3,880 and $3,980. The price is trading below $3,950 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $3,960 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it trades below $3,840. Ethereum Price Fails Again Ethereum price started a decent recovery wave above the $3,800 resistance, like Bitcoin. ETH price surpassed the $3,880 and $3,980 levels to enter a short-term positive zone. The price even cleared the 50% Fib retracement level of the downward move from the $4,292 swing high to the $3,677 low. However, the bears remained active near the $4,080 resistance zone and prevented an upside continuation. The price failed to settle above the 61.8% Fib retracement level of the downward move from the $4,292 swing high to the $3,677 low. There was a fresh decline below $4,000. Besides, there was a break below a bullish trend line with support at $3,960 on the hourly chart of ETH/USD. Ethereum price is now trading below $3,960 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $3,980 level. The next key resistance is near the $4,050 level. The first major resistance is near the $4,080 level. A clear move above the $4,080 resistance might send the price toward the $4,120 resistance. An upside break above the $4,120 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,220 resistance zone or even $4,250 in the near term. Downside Break In ETH? If Ethereum fails to clear the $3,980 resistance, it could start a fresh decline. Initial support on the downside is near the $3,860 level. The first major support sits near the $3,840 zone. A clear move below the $3,840 support might push the price toward the $3,820 support. Any more losses might send the price toward the $3,680 region in the near term. The next key support sits at $3,620. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,840 Major Resistance Level – $4,050
Centralized governance in Ethereum may hinder decentralization goals, risking protocol capture and diminishing developer engagement and innovation.
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