Ethereum's low exchange supply and increased shorts may trigger a price surge, reflecting typical market cycle dynamics and investor behavior.
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Ethereum (ETH) is struggling to break above the $4,000 mark and regain a clear bullish structure, with price action tightening after several failed attempts to reclaim momentum. The market remains cautious following recent volatility, and traders are watching closely to determine whether ETH will resume its uptrend or continue drifting lower. Analysts are currently split: some argue Ethereum’s fundamentals remain strong, fueled by network activity, scaling advancements, and institutional traction, while others point to increasing downside pressure and weakening market structure that could lead to a deeper pullback. Related Reading: Ethereum ICO Whale Awakens After 8 Years – 1,500 ETH Sent to Kraken After 8 Years Despite the uncertainty in price, fresh on-chain data signals growing confidence among long-term participants. According to Santiment, more than 200,000 ETH — worth approximately $780 million — have been withdrawn from exchanges over the past 48 hours, marking one of the largest short-term outflow spikes this quarter. Such activity typically suggests accumulation, as investors move assets into self-custody rather than keeping them on exchanges to sell. This divergence between price hesitation and heavy accumulation reinforces the current market debate. With liquidity dynamics shifting, Ethereum sits at a pivotal moment, and its ability to reclaim $4,000 will likely determine whether bullish momentum re-emerges heading into November. Large ETH Withdrawals Signal Investor Conviction As Market Shifts Toward Risk-On Environment The recent wave of large Ethereum withdrawals from exchanges further reinforces a growing theme in the market: investor conviction is strengthening. With more than 200,000 ETH moved into self-custody within 48 hours, many participants appear confident in Ethereum’s medium-term outlook, suggesting accumulation rather than distribution. Historically, substantial exchange outflows have coincided with accumulation phases ahead of major market advances, especially when paired with favorable macro shifts. For many analysts, Ethereum now sits at the center of a potential bullish impulse across altcoins. Despite its recent struggle to convincingly reclaim the $4,000 level, sentiment in the broader market remains constructive. ETH continues to benefit from fundamental tailwinds, including increasing network utility, expanding Layer-2 activity, and rising staking participation. If market conditions turn decisively risk-on, Ethereum’s role as the primary settlement and liquidity hub for the altcoin ecosystem positions it to lead capital flows. Macro conditions are also aligning in ETH’s favor. With the Federal Reserve cutting interest rates by 25 basis points and signaling the end of quantitative tightening, global liquidity is expected to gradually improve. Historically, shifts toward monetary easing have accelerated inflows into risk assets — crypto included. As traditional markets anticipate a clearer pivot, investors may increasingly seek exposure to high-beta assets with strong structural narratives, and Ethereum fits that profile. Related Reading: Tron Shows Bullish Divergence As Active Addresses Surge To 6.2M – Network Demand Explodes Ethereum Holds $3,900 as Price Compresses Below Key Moving Averages Ethereum (ETH) is trading near $3,905, holding a key support region but struggling to reclaim upside momentum as price remains capped beneath major moving averages. After failing to sustain moves above the $4,200 resistance area earlier this month, ETH has drifted lower into a tightening range, reflecting indecision and reduced volatility following recent macro-driven swings. The chart shows ETH trading below both the 50-day (blue) and 100-day (green) moving averages, which currently sit just above price and are acting as dynamic resistance. For bulls, reclaiming these levels — particularly a daily close above $4,050–$4,150 — would be a constructive sign that momentum is shifting back in favor of buyers. Such a reclaim could open a path toward retesting $4,300–$4,500, where recent supply pressure has consistently emerged. Related Reading: Binance Whales Turn Active On Uniswap As Outflows Hit Multi-Month Highs – Details On the downside, the $3,800 level remains the primary support to watch. A sustained break below this zone could expose ETH to lower levels near $3,500, especially if broader market sentiment weakens. However, the 200-day moving average (red) remains well below the price near $3,200, signaling that the long-term bullish structure is still intact. Featured image from ChatGPT, chart from TradingView.com
The backwards-compatible Fusaka hard fork will implement about a dozen Ethereum Improvement Proposals.
Ethereum (ETH) price has fallen to retest a crucial support level of above $3,700. The large-cap altcoin, with a fully diluted valuation of approximately $453 billion, dropped 5% over the past 24 hours to trade at around $3,754 on Thursday during the mid-North American session. The ETH price drop coincided with Bitcoin (BTC), which retraced …
“The fact that other chains are faster or cheaper is irrelevant, in our view,” Standard Chartered’s Geoffrey Kendrick said.
Ethereum’s scaling era is evolving, and Linea is emerging as one of its most important pillars. By enabling faster, cheaper transactions while maintaining full ETH security and composability, Linea is building the infrastructure for real economic activity. Why Ethereum Needs An Economic Backbone Linea is rapidly evolving into the Ethereum economic backbone. Crypto analyst Henry has revealed on X that Linea was built from first principles as a reinforcement layer for ETH’s future. The reason why Linea is catching serious attention is that over $1 billion in Total Value Locked (TVL) and $130 million in stablecoins represent real liquidity inflow into the network, not inflated metrics. Related Reading: Ethereum Treasury Giant SharpLink Resumes ETH Purchases As Holdings Top $3.5 Billion Furthermore, Linea’s buyback and burn mechanism ties are built directly into protocol revenue. MetaMask’s deep integration and the seamless user experience (UX) are instant reach, and the developer-first architecture actually scales without breaking ETH’s security. The rumors of a MASK airdrop and upcoming institutional deployments only add fuel to the narrative. While others are chasing hype, LineaBuild is constructing the infrastructure that powers real revenue. Henry concluded that every stat is screaming one thing, and adoption is real. “Nothing can defeat this, and Linea is ETH’s execution layer for the next cycle,” the expert added. Crypto analyst BullifyX has also made a bold declaration that the next evolution of Web3 is unfolding right on LineaBuild. Linea isn’t just another Layer 2 blockchain, but it’s a new foundation for scalability, speed, and developer freedom. With zkEVM precision, ultra-low gas, and ETH-grade security, Linea bridges the gap between innovation and accessibility. Furthermore, LineaBuild is a frictionless playground for builders, while for users, it delivers pure performance. BullifyX emphasizes that Linea’s role is to transform complex blockchain experiences into smooth, scalable realities, powering applications, digital economies, and the immersive metaverses. “The future doesn’t wait. It scales on LineaBuild.” BullifyX noted. The First Public Company Just Proved Ethereum’s Real-World Use Case In a monumental shift, the institutional adoption of Ethereum had just leveled up. According to Stacy Muur, the founder of GREENDOTS, the catalyst for this advancement is the deployment of an impressive $200 million in ETH on LineaBuild by SharpLink, a publicly traded company, powered by EigenLayer’s EigenCloud, ether_fi restaking, and Anchorage for secure, regulated custody. Related Reading: Ethereum Emerges As The Sole Trillion-Dollar Institutional Store Of Value — Here’s Why Muur explained that this is the first fully verifiable, ETH-aligned institutional treasury activation. Meanwhile, a public company is now using EigenCloud as infrastructure for staking and verifiable on-chain treasury management. This suggests that the ETH restaking economy is robust enough to regulate capital. Featured image from Getty Images, chart from Tradingview.com
The open interest in XRP and Solana (SOL) futures and options has reached a record $3 billion on the Chicago Mercantile Exchange (CME). According to the CME data, this remarkable milestone was reached during Monday’s session, which saw both XRP and Solana reach their highest level of participation. Both cryptocurrencies have gained traction among institutional investors, who are now treating XRP and Solana as serious alternatives to Bitcoin and Ethereum in the derivatives market. CME’s Record $3 Billion Milestone Data from CME Group reveals that open interest in XRP and Solana futures has climbed to about $3 billion in total value. The figure captures the total capital tied up in active contracts, serving as one of the best indicators of investor activity and confidence. Related Reading: Why This Analyst Is More Bullish On XRP Over Ethereum For The Short-Term CME data shows that around 9,900 XRP contracts and 17,400 Solana futures contracts were opened during this surge of high activity, including both standard and micro versions. This achievement comes less than a year after CME introduced these products. Solana futures launched in March 2025 and quickly rose to prominence, followed by XRP futures in May. Both have now joined the ranks of the exchange’s most traded crypto derivatives, competing directly with Bitcoin and Ethereum futures. This record milestone is part of a growing interest in its digital currency instruments. Tim McCourt, Global Head of Equities, FX, and Alternative Products at CME, noted that the exchange has witnessed intense client demand for nonstop trading. In response, the CME Group had revealed plans to make cryptocurrency futures and options available for trading 24 hours a day, seven days a week, starting from early 2026, although pending approval. The increase in open interest highlights how XRP and Solana now dominate the altcoin derivatives scene on CME. Solana futures surpassed $1 billion in open interest by August 2025, just five months after their launch, while XRP futures achieved the same within three months. Recent data shows that XRP futures on the CME reached a notional volume of $26.9 billion in October and over 567,000 contracts traded within six months of trading. Institutional Interest In XRP And Solana The record in open interest follows CME’s introduction of options on XRP and Solana futures to expand its cryptocurrency derivatives portfolio beyond Bitcoin and Ethereum. This expansion allows traders to access options on SOL, Micro-SOL, XRP, and Micro-XRP futures, each offering daily, monthly, and quarterly expirations to meet different trading strategies. Related Reading: Ethereum and Solana Price Ready To Send Hard? Legendary Analyst Says It’s Time To Pay Attention The expansion also points to the growing sophistication of institutional participation in Solana and XRP derivatives. The first XRP options trade was executed on October 12 between Wintermute and Superstate. The first trade for options on SOL futures was executed on Monday, October 13, between Cumberland DRW and Galaxy. Featured image from Medium, chart from Tradingview.com
The next major Ethereum upgrade, called Fusaka, a hybrid of “Fulu” (consensus) and “Osaka” (execution), will modify how the network handles data and fees without altering the primary user experience. Beneath the surface, it’s a statement of direction: Ethereum’s main chain is staying the final settlement and data-availability hub, while everyday activity continues to flow […]
The post Will Fusaka keep users on L2? Upcoming Ethereum upgrade eyes up to 60% fee cuts appeared first on CryptoSlate.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The move kicks off the countdown to Ethereum’s second hard fork of 2025.
The analysts also reiterated their prediction that ETH will rise from less than $4,000 today to $15,000 by 2030 and $25,000 by 2035.
Grayscale's new U.S. spot Solana ETF, GSOL, registered $1.4 million in net inflows on its Oct. 29 trading debut.
As the market awaits the Federal Open Market Committee (FOMC) meeting, Ethereum (ETH) is attempting to hold the $4,000 area as support. Despite the volatility, some analysts have predicted that the King of Altcoins may soon start its long-awaited price discovery rally, while whales pour millions into the cryptocurrency. Related Reading: Bitwise CIO Predicts Solana Staking ETF Will Be ‘Huge’ As First Day Volume Hits $56M Ethereum Price Set For $8,000 On Wednesday, Ethereum fell below the $4,000 level once again, falling to a two-day low of $3,926. After a massive Q3 rally, the King of Altcoin has struggled to hold the crucial psychological barrier as support and has been unable to reclaim the $4,200 resistance for most of October. Earlier this week, the cryptocurrency retested the key resistance level after surging 7% over the weekend, but retraced on Tuesday alongside the rest of the market. Amid this performance, some analysts suggested that ETH will likely experience more volatility, fueled by the Federal Reserve (Fed)’s interest rate cut announcement. Daan Crypto Trades noted that ETH’s big test is around its previous cycle highs near the $4,100 level. To the trader, “this is the level to break and hold if the bulls want to get back to the highs in due time.” On the contrary, a new rejection from this area could send the price to retest $3,800 and turn the level into a major resistance in the larger timeframes. Nonetheless, Crypto Yhodda stated that Ethereum is “getting ready for the last euphoric run,” as its performance resembles its 2021 price action, when the altcoin recorded a massive price discovery rally after breaking out of its four-year consolidation. Similarly, analyst Crypto Jelle asserted that shakeouts at key support levels are expected, adding that the cryptocurrency’s rally “still looks very promising.” Jelle highlighted an 18-month bullish megaphone formation on Ethereum’s chart, which it broke out of during the Q3 rally. The analyst emphasized that ETH is still holding the previous highs and the breakout level as support, suggesting that a “hated rally” to the $8,000 target could happen soon. Whales Bet Big On ETH Online reports highlighted that large-scale investors have been on a buying spree despite the altcoin’s pullback. As reported by NewsBTC, Santiment data showed that whales added 218,470 ETH in the past week, signaling that major investors are gradually re-entering the market. Meanwhile, on-chain analytics platform Lookonchain revealed that whales continued to buy ETH over the past 24 hours. Notably, two newly created addresses received a total of 33,948 ETH, worth $135 million, from digital asset prime brokerage FalconX on Wednesday morning. According to Lookonchain, the two addresses likely belong to BitMine, the largest Ethereum-based treasury company, which recently unveiled another 27,316 ETH purchase, worth $113 million. Related Reading: Solana, Litecoin, Hedera ETFs Ready? Experts Expect Tuesday Launch Despite Goverment Shutdown In a Monday X post, BitMine provided its latest holdings update, which now surpasses the $14.2 billion mark. As of October 27, the company holds 3,313,069 ETH, 192 BTC, an $88 million stake in Eightco Holdings for its “Moonshot” initiative, and unencumbered cash of $305 million. A month ago, BitMine revealed it had reached the 2% milestone of its goal to own 5% of Ethereum’s total supply. With the recent purchases, the company has achieved 55% of its goal, currently holding 2.75% of ETH’s supply. As of this writing, ETH is trading at $3,990, a 3.5% drop in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Ethereum price started a downside correction below $4,120. ETH is moving lower below $4,000 and might decline further if it trades below $3,880. Ethereum started a downside correction below $4,050 and $4,000. The price is trading below $4,000 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $4,000 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it trades below $3,880. Ethereum Price Dips Further Ethereum price failed to stay in a positive zone and started a fresh decline, like Bitcoin. ETH price declined below $4,120 and $4,050 to enter a bearish zone. There was a clear move below the 61.8% Fib retracement level of the upward move from the $3,708 swing low to the $4,252 high. Besides, there is a bearish trend line forming with resistance at $4,000 on the hourly chart of ETH/USD. Ethereum price is now trading below $4,000 and the 100-hourly Simple Moving Average. If there is another increase, the price could face resistance near the $4,000 level and the trend line. The next key resistance is near the $4,030 level and the 100-hourly Simple Moving Average. 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 $4,200 resistance zone or even $4,220 in the near term. More Losses In ETH? If Ethereum fails to clear the $4,000 resistance, it could start a fresh decline. Initial support on the downside is near the $3,880 level. The first major support sits near the $3,840 zone and the 76.4% Fib retracement level of the upward move from the $3,708 swing low to the $4,252 high. A clear move below the $3,840 support might push the price toward the $3,750 support. Any more losses might send the price toward the $3,700 region in the near term. The next key support sits at $3,650 and $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 – $3,880 Major Resistance Level – $4,000
Ethereum (ETH) is struggling to reclaim higher levels as the broader crypto market consolidates following the recent crash. Despite short-term weakness, several analysts suggest that ETH may be entering a bullish accumulation phase, with price action stabilizing around the key $4,000 level—a zone that has historically served as both strong resistance and support. The asset’s resilience amid market uncertainty reflects growing confidence in Ethereum’s long-term fundamentals and network activity. Related Reading: Bitcoin Supply In Profit Rises To 83.6% – Market Momentum Building Again Adding to the intrigue, on-chain data from Lookonchain revealed that an Ethereum ICO participant has re-emerged after nearly eight years of dormancy, transferring 1,500 ETH—worth approximately $6 million—to Kraken for the first time. This wallet originally received 20,000 ETH during Ethereum’s 2015 genesis sale, purchased for roughly $6,200, which would now be valued at more than $80 million. Such rare movements from early holders often capture the market’s attention, as they can signal renewed engagement or strategic repositioning. While Ethereum’s price remains in a consolidation phase, the network’s long-term value narrative—driven by layer-2 scaling, staking growth, and DeFi activity—continues to strengthen. If the current range holds, ETH could be positioning for a recovery as market confidence rebuilds. Dormant Ethereum Whale Awakens After 8 Years According to a recent report by Lookonchain, an early Ethereum participant—identified as wallet 0x3690—has resurfaced after nearly eight years of inactivity, sparking renewed discussions across the crypto community. This address was one of the original Ethereum ICO wallets, receiving 20,000 ETH at genesis in 2015 for a total investment of just $6,200. At current prices, that stash would be worth roughly $80.42 million, representing an extraordinary 12,971x return. On October 27, 2025, the wallet sent 1,500 ETH (around $6 million) to Kraken, marking its first-ever on-chain movement since Ethereum’s launch. Such activity from early holders often raises questions about investor sentiment and potential market shifts—especially as the broader crypto market remains in a fragile consolidation phase. While the transfer does not necessarily signal an immediate sell-off, it underscores how long-term participants are beginning to reposition as Ethereum hovers near the $4,000 level. Analysts suggest that the coming weeks will be decisive for the market, as both Bitcoin and Ethereum approach critical technical and psychological thresholds ahead of the US Federal Reserve’s next policy decisions. If Ethereum manages to hold its current range and sustain network engagement, it could confirm the start of a new bullish accumulation phase. Conversely, a breakdown below support might extend the correction before a stronger rebound forms later in the quarter. In either case, this event serves as a reminder of Ethereum’s resilience—and how early conviction in the network’s vision has yielded historic returns for those who held through multiple cycles. The market now watches closely to see whether this renewed on-chain activity signals a turning point or a moment of reflection before the next major move. Related Reading: Binance Whales Turn Active On Uniswap As Outflows Hit Multi-Month Highs – Details Ethereum Struggles To Break $4,200 As Consolidation Tightens Around Key Support Ethereum (ETH) is trading near $3,993, attempting to regain strength after weeks of sideways action. The chart shows ETH struggling to break above the $4,200 resistance, a level that has repeatedly rejected price advances since early October. The 50-day moving average (blue) currently aligns with this resistance, reinforcing it as a critical barrier that bulls must clear to confirm a short-term reversal. Below, the 100-day (green) and 200-day (red) moving averages provide solid structural support near $3,800 and $3,300, respectively. The convergence of these levels suggests that Ethereum remains in a broad consolidation range, with limited momentum on either side as the market digests recent volatility. Related Reading: Bitcoin Supply In Profit Rises To 83.6% – Market Momentum Building Again A decisive close above $4,200 could open the path toward $4,500–$4,700, where liquidity from previous highs remains. Conversely, a breakdown below $3,800 would expose ETH to deeper retracements toward the $3,500 zone, where buyers previously stepped in during September’s correction. Market sentiment appears cautious but not bearish. Ethereum’s ability to hold near the $4,000 psychological level despite the broader market slowdown indicates resilience. As macro uncertainty persists, ETH’s next move will likely depend on whether buying pressure strengthens ahead of the Federal Reserve’s policy update this week. Featured image from ChatGPT, chart from TradingView.com
On Wednesday, the Federal Reserve (Fed) announced a 25-basis-point rate cut from the previous rate of 4.25%, aligning with market expectations. Despite this bullish development being highly anticipated by top experts as the best catalyst for the remainder of the year, Bitcoin (BTC), XRP, and Ethereum (ETH) led the market downturn following the announcement. Fed Chair Signals Uncertainty Over Further Rate Cuts The selloff intensified after Fed Chairman Jerome Powell indicated during his press conference that another interest-rate cut in December “is not a foregone conclusion.” This uncertainty has contributed to market volatility, as both cryptocurrencies and stocks have rallied this year in anticipation of lower interest rates. If the Fed does not implement further rate cuts in December, it could lead to a rebound in the dollar, which would be detrimental for Bitcoin bulls. Related Reading: Avalanche Expands In Asia — Japan’s Biggest Card Processor Joins The Network Analyst Manuel Villegas from Julius Baer noted that options-derived implied movements for US equity indices suggest significant shifts around upcoming macroeconomic reports. He advised crypto investors to prepare for potential volatility. However, market expert Timothy Peterson provided further insights on social media site X (formerly Twitter), predicting that the Bitcoin price could rise up to 12% over the next week, meaning that the leading crypto could surge toward $123,000. Analyst Foresees Positive Momentum For Bitcoin In his analysis, Peterson highlighted Bitcoin’s performance surrounding Federal Reserve Federal Open Market Committee (FOMC) meetings and noted that since 2023, Bitcoin’s average movement after such meetings has been about 1.5 times its prior week’s performance. Related Reading: HBAR Slides 6% in 24 Hours as NYSE Listing Fails to Spark Rally, But Analysts Still See Upside With Bitcoin having gained 4% in the week leading up to the Fed’s decision, Peterson anticipates a subsequent increase of around 7%, with a potential range of 0-15%. The FOMC, which sets US interest rates and guides monetary policy, often sees markets trade cautiously before meetings, followed by reactions once the uncertainty is resolved, with the expert concluding that despite the growing uncertainty, Bitcoin and the broader market could see a new leg up near record highs. Featured image from DALL-E, chart from TradingView.com
Evernorth has emerged as the latest powerhouse in institutional crypto accumulation, closing in on its ambitious XRP treasury goal. In just a few days, the firm has reached 95% of its accumulation target, marking a major milestone in XRP’s journey toward broader institutional adoption. The rapid growth of Evernorth’s reserves and its strategic partnerships has sparked renewed excitement across the XRP community, signaling what could be a pivotal shift in how institutions engage with the cryptocurrency. Evernorth Nears $1 Billion In XRP Holdings A new report from CryptoQuant has revealed that Evernorth’s XRP holdings is now nearing the $1 billion funding milestone, positioning it among the top institutional holders of the cryptocurrency. According to JA Maartunn, a community analyst at CryptoQuant, Evernorth currently holds 388,710,606.03 XRP, reaching 95% of its $1 billion target. Related Reading: Rumors Circulate That Ripple Is Buying $1 Billion Worth Of XRP — Here’s What We Know The company’s total XRP treasury is now valued at approximately $947,183,571, with unrealized profits of roughly $46 million generated in four days. This figure reflects an average purchase price of $2.44 per XRP, which Maartunn believes could become a defining price level for the cryptocurrency’s market trajectory. Notably, Evernorth’s XRP treasury comes amid a broader trend of institutional diversification toward digital assets. Earlier this year, several major crypto treasury institutions—most notably Strategy, with its aggressive Bitcoin accumulation strategy, and The Ether Machine, with its dedicated focus on Ethereum—set the tone for large-scale crypto accumulation. Evernorth’s expanding holdings signal a decisive shift beyond BTC and ETH, underscoring a maturing institutional demand for alternative layer-1 assets. It also suggests that XRP may become the next frontier for institutional treasuries seeking exposure to high-liquidity, regulated crypto assets. Evernorth’s XRP Growth Strategy Asheesh Birla, the CEO of Evernorth, introduced the treasury company last week, on October 20, through an X post. He described it as an institutional vehicle built to propel XRP’s global adoption. The announcement detailed the company’s plans to go public through a SPAC merger with Armada Acquisition Corp II (NASDAQ:AACI), targeting gross proceeds of more than $1 billion. Related Reading: XRP Price Teleport To $6: What Happens When The Euphoric Phase Begin Evernorth’s growth strategy includes acquiring XRP through innovative financial structures designed to maximize XRP per share and expanding internationally into key markets like Japan and South Korea. The company also plans to diversify its yield generation through risk-mitigated treasury deployment. These initiatives reflect a deliberate, structured approach toward building a long-term institutional presence around XRP. Ripple CEO Brad Garlinghouse has also praised Birla’s initiative, noting Ripple’s partnership and investment alongside prominent firms such as SBI Holdings, Pantera Capital, Kraken, GSR, and Rippleworks. Garlinghouse said that Evernorth’s participation in institutional lending, liquidity provision, and DeFi yield opportunities will be instrumental in expanding XRP’s utility. Ripple’s CTO, David Schwartz, who joins Evernorth as a strategic advisor, echoed this sentiment, expressing enthusiasm for building scalable opportunities for XRP across DeFi and capital markets. Featured image from Adobe Stock, chart from Tradingview.com
The crypto market is witnessing heightened volatility ahead of the upcoming FOMC decision, with Bitcoin consolidating near local highs and Ethereum trading at a steep discount. While BTC continues to dominate short-term momentum, Ethereum has quietly strengthened its fundamentals. Despite lagging nearly 42% behind Bitcoin’s rally, ETH shows growing signs of resilience—fueled by increased staking …
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The fund offers exposure to collateralized loan obligations, with onchain capital allocator Grove planning a $100 million anchor investment.
The high-speed Ethereum layer-2 drew nearly nine times its target as over 14,000 investors rushed in.
Also: BOB Unveils BTC Vault Liquidation Engine, Ledger’s Major Overhaul and Google Weighs In on Quantum Computing.
Technical analyst Charting Guy has shared a new perspective on the relationship between XRP and Ethereum, identifying a setup that he believes could lead to short-term XRP outperformance. His analysis, which was posted on the social media platform X, focuses on the XRP/ETH weekly chart, where he highlighted the formation of a bullish divergence that has not appeared since mid-2024. The development, he says, signals a constructive shift in momentum that will favor XRP’s price action over Ethereum for the next three months. A Rare Weekly Bullish Divergence Favors XRP Over Ethereum In his update, Charting Guy explained that the XRP/ETH weekly Relative Strength Index (RSI) was previously rejected but has now reversed into a bullish divergence. The RSI has turned upward from a low region, while the price closed at a lower low last week, which is a tell-tale sign of waning selling pressure and XRP building strength against Ethereum. Related Reading: Here’s What The XRP Open Interest Reset Means For The Price This green-marked divergence on the analyst’s XRP/ETH chart, which is shown below, mimics a setup that preceded another major swing in XRP’s favor. The yellow RSI moving average has also started to flatten, and this is another signal that momentum could be stabilizing before a breakout. The last time this same configuration occurred was in June 2024, just before XRP began a multi-month surge against Ethereum. Back then, the XRP/ETH pair rose from 0.00015 to as high as 0.0003 in August 2024, before retracing and then finally picking up again in November 2024. The pattern outlined by the analyst shows XRP/ETH currently consolidating near the 0.00063 ratio level. This time, the setup looks equally compelling. The RSI’s upward curve points to market participation on the XRP side, while Ethereum’s relative momentum continues to slow. If the pattern repeats, it could mark the start of another short-term cycle of the token strength against ETH. Short-Term Projection Favors XRP As shown by the projection drawn in blue on the chart above, Charting Guy visualized a scenario where XRP climbs sharply relative to Ethereum. The projection uses the performance of the pair between July 2024 and March 2025 to predict the next move. From here, the projection places the XRP/ETH pair trading above 0.00015 by March 2026. Related Reading: Ethereum and Solana Price Ready To Send Hard? Legendary Analyst Says It’s Time To Pay Attention He concluded his analysis by stating, “I am VERY bullish on $XRP > $ETH the next 3 months.” His three-month forecast implies that XRP could regain a leadership position among major altcoins during the next quarter. If the token manages to outperform Ethereum as predicted, it will close the gap in their market cap. At the time of writing, XRP is trading at $2.64 with a $158 billion market cap. Ethereum, on the other hand, is trading at $4,025 with a $486 billion market cap. Featured image from iStock, chart from Tradingview.com
Ethereum is gearing up for one of its biggest upgrades yet, the Fusaka fork, which has now gone live on its final testnet, Hoodi. This marks the last testing phase before the official mainnet launch scheduled for December 3, promising faster transactions, better security, and a smoother experience for users and developers. A Smooth Final …
An early Ethereum ICO participant has finally moved 1,500 ETH worth $6 million to the Kraken exchange after nearly 8 years of inactivity. This investor originally bought 20,000 ETH during the ICO for about $6,220. The remaining 18,500 ETH they hold are now valued at over $80 million, representing a massive 12,971x return. This move …
The investor participated in Ethereum's 2014 ICO and received 20,000 ETH for about $6,200, Lookonchain reported.
Repeated defenses of $4,000 and heavier trading marked the session, with price finishing near $4,023 after a quick pullback from about $4,102.
BitMine Immersion Technologies added 27,316 ETH worth $113 million to its treasury this week, increasing its total Ethereum holdings to $13.3 billion. This makes BitMine the largest ETH treasury globally and the second largest crypto treasury overall. The company, led by Tom Lee, aims to accumulate 5% of Ethereum’s total supply. BitMine is supported by …
Ethereum-focused treasury company ETHZilla said it has sold roughly $40 million worth of ether to fund ongoing share repurchases, a maneuver aimed at closing what it calls a “significant discount to NAV.” In a press statement on Monday, the company disclosed that since Friday, October 24, it has bought back about 600,000 common shares for approximately $12 million under a broader authorization of up to $250 million, and that it intends to continue buying while the discount persists. ETHZilla Dumps ETH For BuyBacks The company framed the buybacks as balance-sheet arbitrage rather than a strategic retreat from its core Ethereum exposure. “We are leveraging the strength of our balance sheet, including reducing our ETH holdings, to execute share repurchases,” chairman and CEO McAndrew Rudisill said, adding that ETH sales are being used as “cash” while common shares trade below net asset value. He argued the transactions would be immediately accretive to remaining shareholders. Related Reading: Crypto Analyst Shows The Possibility Of The Ethereum Price Reaching $16,000 ETHZilla amplified the message on X, saying it would “use its strong balance sheet to support shareholders through buybacks, reduce shares available for short borrow, [and] drive up NAV per share” and reiterating that it still holds “~$400 million of ETH” on the balance sheet and carries “no net debt.” The company also cited “recent, concentrated short selling” as a factor keeping the stock under pressure. The market-structure logic is straightforward: when a digital-asset treasury trades below the value of its coin holdings and cash, buying back stock with “coin-cash” can, in theory, collapse the discount and lift NAV per share. But the optics are contentious inside crypto because the mechanism requires selling the underlying asset—here, ETH—to purchase equity, potentially weakening the very treasury backing that investors originally sought. Death Spiral Incoming? Popular crypto trader SalsaTekila (@SalsaTekila) commented on X: “This is extremely bearish, especially if it invites similar behavior. ETH treasuries are not Saylor; they haven’t shown diamond-hand will. If treasury companies start dumping the coin to buy shares, it’s a death spiral setup.” Skeptics also zeroed in on funding choices. “I am mostly curious why the company chose to sell ETH and not use the $569m in cash they had on the balance sheet last month,” another analyst Dan Smith wrote, noting ETHZilla had just said it still holds about $400 million of ETH and thus didn’t deploy it on fresh ETH accumulation. “Why not just use cash?” The question cuts to the core of treasury signaling: using ETH as a liquidity reservoir to defend a discounted equity can be read as rational capital allocation, or as capitulation that undermines the ETH-as-reserve narrative. Beyond the buyback, a retail-driven storyline has rapidly formed around the stock. Business Insider reported that Dimitri Semenikhin—who recently became the face of the Beyond Meat surge—has targeted ETHZilla, saying he purchased roughly 2% of the company at what he views as a 50% discount to modified NAV. He has argued that the market is misreading ETHZilla’s balance sheet because it still reflects legacy biotech results rather than the current digital-asset treasury model. Related Reading: Ethereum Emerges As The Sole Trillion-Dollar Institutional Store Of Value — Here’s Why The same report cites liquid holdings on the order of 102,300 ETH and roughly $560 million in cash, translating to about $62 per share in liquid assets, and calls out a 1-for-10 reverse split on October 15 that, in his view, muddied the optics for retail. Semenikhin flagged November 13 as a potential catalyst if results show the pivot to ETH generating profits. The company’s own messaging emphasizes the discount-to-NAV lens rather than a change in strategy. ETHZilla told investors it would keep buying while the stock trades below asset value and highlighted a goal of shrinking lendable supply to blunt short-selling pressure. For Ethereum markets, the immediate flow effect is limited—$40 million is marginal in ETH’s daily liquidity—but the second-order risk flagged by traders is behavioral contagion. If other ETH-heavy treasuries follow the playbook, selling the underlying to buy their own stock, the flow could become pro-cyclical: coins are sold to close equity discounts, the selling pressures spot, and wider discounts reappear as equity screens rerate to the weaker mark—repeat. That is the “death spiral” scenario skeptics warn about when the treasury asset doubles as the company’s signal of conviction. At press time, ETH traded at $4,156. Featured image created with DALL.E, chart from TradingView.com
BitMine's Monday disclosure revealed that its treasury holdings have surpassed 3.3 million ETH, worth over $13 billion.