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Ethereum’s momentum in institutional markets just hit a major roadblock. After months of enthusiasm surrounding spot Ethereum exchange-traded funds (ETFs), new data has shown that ETF flows have sunk to their worst monthly total since their launch. The sharp drop reflects a broader cooldown in investor demand, as market volatility and shifting risk appetite weigh on crypto allocations. Will Staking ETFs Emerge To Stabilize Flows? In an X post, a crypto analyst known as Milk Road revealed that the Ethereum ETFs had just printed their worst month on record since launch, which is roughly $1.4 billion in net outflows, the largest single-month withdrawal that ETH has ever encountered.  Related Reading: Ethereum Shows Signs Of Accumulation As CVD Strengthens And Correlation Stays Elevated Historically, ETF flow reversals tell more about liquidity pressure in the broader financial system than the long-term fundamentals of the asset itself. When redemptions spike this hard, it’s usually a sign that broader risk sentiment is cracking, not that the asset itself broke. Meanwhile, most investors don’t know that while ETFs were handing back, Digital Asset Treasuries (DATs) stepped in as aggressive buyers. BitMine Immersion Technologies (BMNR) quietly added over 300,000 ETH, worth nearly $800 million at the time, to its treasuries. If the ETF outflow continues to accelerate, the near-term price action will remain choppy as liquidity gets strained at the edges. However, if DAT inflows continue scaling, it builds the foundation for a tighter supply setup into 2026. The tension between this panicked short-term selling pressure and the quiet structural long-term accumulation is the most important dynamic for positioning. Why ETH Reserves Are Becoming Strategic Corporate Assets Crypto trader Bull Theory has noted that last week, BitMine bought an astonishing 138,452 ETH, worth $437.7 million. This single transaction solidifies their position as the largest ETH treasury in the world, holding 3.86 million ETH, valued at $12.4 billion and accounting for 3.2% of the entire circulating supply. Related Reading: Here’s Why Ethereum Emerges As The Global Capital Rails For On-Chain Finance The true source of rising ETH demand is that Wall Street is quietly building on ETH. BlackRock, with $13.5 trillion AUM, has launched tokenized funds on ETH and has filed for a staked ETH ETF. JPMorgan, with $4 trillion, Deutsche Bank, with $1.1 trillion, and Standard Chartered, with $800 billion, are developing tokenization and DeFi infrastructure using ETH and its Layer-2 networks.  Institutions like Amundi, HSBC, BNY Mellon, Coinbase, Kraken, and Robinhood are all using ETH rails for custody and settlement or rollup infrastructure for scaling and security. Furthermore, large companies are now holding and staking ETH for yield. BitMine alone expects to generate $400 million+ a year in staking revenue from its position.  Tom Lee believes that as staking demand grows and institutions scale tokenization increases, ETH could reach $12,000 in 2026. “A Bitcoin miner is now the largest Ethereum whale, Wall Street is building on ETH, and treasuries are shifting toward yield. ETH is quickly becoming part of the Global Financial System.” Bull Theory noted. Featured image from Freepik, chart from Tradingview.com

After weeks of speculation, BlackRock, the world’s largest asset manager, has officially filed for a staked Ethereum (ETH) Exchange-Traded Fund (ETF) with the US Securities and Exchange Commission (SEC). Amid the bullish news, the King of Altcoins’ price is attempting to break out of a two-month resistance, which could set the stage for a retest of higher levels. Related Reading: XRP ETFs Record 13-Day Streak As SOL Funds See Largest Outflows Since Launch BlackRock Files For Staked Ethereum ETF BlackRock has submitted an S-1 form with the US SEC to get approval for its iShares Ethereum Staking Trust (ETHB), which “seeks to reflect generally the performance of the price of ether and rewards from staking a portion of the Trust’s ether, to the extent the Sponsor in its sole discretion determines that the Trust may do so without incurring undue legal or regulatory risk.” Filed on December 5, BlackRock’s registration statement explains that, if approved, the proposed fund aims to stake 70% to 90% of its Ethereum holdings, distributing staking rewards to stakeholders at least quarterly. Coinbase Custody Trust will serve as the custodian for the Trust’s ETH holdings, the filing noted, while Anchorage Digital Bank will be an available alternative custodian for the Trust’s ether holdings. Meanwhile, the Bank of New York Mellon will serve as the custodian for the Trust’s cash holdings and the administrator of the Trust. Notably, BlackRock’s ETHB will operate separately from its spot ETH fund, the iShares Ethereum Trust ETF (ETHA), which is the largest in its category with $11 billion in assets under management (AUM). It’s worth noting that the crypto community began speculating about BlackRock’s upcoming staked ETH fund after the leading asset manager registered the name in Delaware last month. In a November report, 10x Research argued that the potential introduction of a staked Ethereum ETF by BlackRock would bring “increased scrutiny” to “the economics of DATs” as retail investors would reallocate to a low-cost source of yield. The report added that many investors are unaware that Digital Asset Treasury (DATs)’s embedded costs “far exceed” the management fee charged by asset managers like BlackRock on its Bitcoin (BTC) and ETH ETFs. ETH Nears Key Downtrend Line Ethereum’s price started the week attempting to reclaim a crucial area after managing to hold the $3,000 level as support despite the volatility during the weekend. The cryptocurrency surged nearly 3% in the daily timeframe, hitting $3,180 before retracing on Monday. Amid this performance, analyst Ali Martinez suggested that “it’s time to pay attention to ETH,” noting that it nears a key level that could push the price to higher zones. Per the chart, Ethereum briefly broke out of its two-month downtrend line, which has served as resistance since early October. Over this period, the King of Altcoins has attempted to break out of this level twice, but has ultimately been rejected during each attempt. On Monday morning, ETH briefly broke above the trendline before being rejected a third time. However, if Ethereum reclaims the $3,120-$3,130 levels and turns the downtrend into support, it could build the base for a retest of the $3,200-$3,300 horizontal levels, which marks the lower boundary of its Q3 and early Q4 price range. Related Reading: Bitcoin Price Slides Below $90,000 – Is A Retest Of The November Lows Near? Meanwhile, Rekt Capital asserted that Ethereum Dominance (ETHDOM) continues to move within its macro consolidation range, holding support at the 11.67% level. He previously affirmed that if “ETHDOM can maintain itself above 10.05% then it should be positioned for higher market dominance levels over time.” The analyst added that although history suggests a potential 2.5% drop to the consolidation range lows, this dip would occur “in the context of a macro move to 18%-20%” in the future. As of this writing, Ethereum is trading at $3,114, a 13.7% increase on the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Ethereum is edging closer to a major decision point as price action tightens between key support and resistance levels. Momentum is building, but the market now awaits to see whether bulls can force a breakout or if a deeper pullback ensues. Ethereum Holds The Line: $3,000 Support Ignites Fresh Upside According to a recent update by analyst Ted Pillows, Ethereum has demonstrated resilience in the face of recent market volatility. The asset successfully held up the crucial $3,000 level and is now showing signs of moving higher, suggesting that this level remains a strong foundation for the current price action. Related Reading: Ethereum Shows Strength: Indicators Suggest Bigger Moves Ahead Ted highlighted a significant external factor contributing to the upward pressure: some large whales have reportedly opened ETH long positions. This institutional or large-scale buying interest has been identified as a major driver fueling the current price move, suggesting that deep-pocketed investors anticipate further appreciation. The analyst provided a clear trigger zone for the next significant leg up. If ETH can break decisively above the $3,300–$3,400 level, it will serve as structural confirmation, expected to trigger a swift rally to the next resistance zone between $3,700 and $3,800. However, Ted also outlined the risk scenario. A failure to break above the $3,300–$3,400 zone could result in the asset turning back down for another retest of the foundational $3,000 zone. Upside Reaction Expected From Major Support Zone In an earlier update, More Crypto Online highlighted that Ethereum is currently reacting from a major weekly support zone, suggesting that an upside move remains likely. However, the analysis also noted the possibility of one more low before a stronger reaction takes shape, keeping both scenarios firmly in play. Related Reading: Ethereum Is Sitting On Its Most Critical On-Chain Support Level — A Rally Emerging? The key resistance area above remains the most important region to watch. Once ETH approaches this zone, the market will essentially be forced to decide which direction it will take over. Both bullish and bearish scenarios remain valid based on the broader market structure.  What ultimately shifts the probability toward one side is how ETH behaves at these critical levels. A sustained hold and strong reaction could reinforce the bullish case, while weakness or rejection could signal the opposite. For now, the market is still in the phase before major confirmation. If Ethereum loses support and forms a clear five-wave decline to the downside, the bearish “white scenario” becomes the leading outlook. Until then, the chart simply outlines the conditions that will reveal the market’s preferred path once price makes its next decisive move. Featured image from Freepik, chart from Tradingview.com

Ethereum is gaining momentum, and several technical signals suggest that a significant move could be on the way. With key support levels holding and bullish patterns forming, the market may be setting up for a notable upside. Golden Pocket Rejection: Confirming The High-Risk Scenario In a recent update on X, analyst Luca referenced his recent market commentary, noting that Ethereum price action unfolded exactly as he had anticipated, with the price tapping into the lost high-timeframe support range. This range aligned with the golden pocket between the 0.5 and 0.618 Fibonacci retracement levels, and the price rejected there, confirming the high-risk scenario he had highlighted in advance. Related Reading: Ethereum Coils For A Breakout As IH&S + Heavy Accumulation Emerges Since that rejection, the price has broken below the key 0.618 Fibonacci Point of Interest (POI). However, the asset is still managing to hold above the crucial 1-Day Bull Market Support Band. Luca stressed that this band has historically served as a strong reversal spot over the last couple of months. Thus, he believes the current low-timeframe market structure is not yet fully invalidated. Despite this technical hold, the analyst reiterated his cautious approach, stating that until he sees clear signs of strength on the low-timeframes, signs that can durably confirm the bottom is in and that key support levels are properly reclaimed, he won’t scale out of his edges. Luca concluded that until that concrete bullish confirmation materializes, the most likely outcome for the immediate future remains further consolidation. The market needs time to absorb the recent volatility and build a new base before a more durable reversal to the upside can take hold. ETH/BTC Trendline Breakout: Market Risk Appetite Returns Crypto analyst Paramatik outlined that a major structural event has occurred on the ETH/BTC charts: a falling trend breakout. This is a highly significant development, although Paramatik suggests that a retest of this broken trendline may occur before the upcoming Federal Reserve meeting. Related Reading: Ethereum Is Sitting On Its Most Critical On-Chain Support Level — A Rally Emerging? The analyst provided clarity on what this breakout means for the broader market. First and foremost, this situation is interpreted as a strengthening signal for Ethereum. When ETH begins to gain value relative to Bitcoin, it typically indicates that the market’s overall risk appetite is returning, as investors shift capital from BTC to ETH. Secondly, the gained strength in Ethereum is often the key trigger for the start of the much-anticipated altcoin season. This is because investors first shift funds from BTC to ETH, and then move capital into the riskier, smaller altcoins in hopes of achieving higher returns. Paramatik summarized his findings by stating that this breakout in the ETH/BTC pair is not merely a technical line break; it is a harbinger of a market direction change. The analyst concluded with an analogy that the market has reached a state where every external event, even humorously irrelevant ones, could affect crypto prices. Featured image from Freepik, chart from Tradingview.com

Industry leader Tom Lee has shared how the Ethereum price could reach $12,000 within the next few months. He based his prediction on the Bitcoin price action and how ETH could match the flagship crypto on a potential run to the upside.  Tom Lee Explains How The Ethereum Price Could Rally To $12,000 Speaking at the Binance Blockchain Week, Tom Lee predicted that the Ethereum price could reach $12,000 as Bitcoin rallies to $250,000 within the next few months. He explained that ETH can reach the $12,000 target if the ETH/BTC ratio returns to its eight-year average of 0.0479. Lee described this potential rally to $12,000 as a “huge move.” Related Reading: Ethereum Price To Recover Or Crash? The Real ‘Leverage Point’ Investors Should Know About Tom Lee further predicted that the Ethereum price could reach $22,000 if the ETH/BTC ratio gets to its 2021 high of 0.0873. He added that he believes Ethereum will become the future of finance and the payment rails. As such, Lee predicted that the ETH/BTC ratio could reach 0.2500, sparking an Ethereum rally to as high as $62,500. In line with this, the expert declared that ETH at $3,000 is “grossly undervalued.” Tom Lee also remarked that the bigger the base, the bigger the breakout for the Ethereum price. He noted that ETH spent years building a similar base to its current price action before the move from $90 to its previous all-time high (ATH) of $4,866. The expert added that if the pattern plays out again, the next leg could be larger than what people expect.  It is worth noting that Tom Lee is the chairman of BitMine, which is the largest Ethereum treasury company. According to Strategic ETH Reserve data, the company currently holds 3.73 million ETH, which is just over 3% of the altcoin’s total supply. Lee remains bullish on the Ethereum price, despite his company holding an unrealized loss of $3.3 billion of their ETH investment.  A Rally To $62,000 Is “Ambitious” Market commentator Milk Road described Tom Lee’s Ethereum price prediction of $62,000 in a few months as being ambitious. The platform stated that an ETH/BTC ratio of 0.25 has never happened. The highest it has ever gone is 0.15, and that was during the 2017 supercycle, which makes it less likely now, given that market conditions have changed.  Related Reading: When Will Bitcoin, Ethereum, And Dogecoin Go Into A Bear Market? Tom Lee had based his Ethereum prediction on Bitcoin hitting $250,000, which Milk Road also described as an issue. The market commentator noted that BTC would need to surge 177% from current prices to reach this target. The last time this happened was in 2020 when it surged from $7,000 to $19,000 during the “peak mania.” Notably, BTC didn’t record a 100% gain even when the Bitcoin ETFs launched last year.  At the time of writing, the Ethereum price is trading at around $3,000, down over 4% in the last 24 hours, according to data from CoinMarketCap. Featured image from Freepik, chart from Tradingview.com

Ethereum is approaching a critical moment as multiple bullish signals begin to align. A clear Inverse Head & Shoulders formation, combined with rising accumulation and weakening trend rejection, suggests that the market may be gearing up for a powerful upside move. With momentum tightening and key levels coming into focus, ETH now stands on the verge of a breakout that could set the stage for its next major rally. Inverse Head And Shoulders Signals Brewing Momentum According to a recent update shared by crypto analyst Donald Dean, Ethereum may be gearing up for a significant move. He highlighted the development of a potential inverse head and shoulders pattern, a classic bullish reversal formation that often precedes strong upward momentum. This emerging structure suggests that ETH could soon shift into a more aggressive bullish phase if confirmed. Related Reading: Ethereum Rockets Higher, Narrowing Distance to a Make-or-Break Resistance Line Dean also pointed out that the weekly chart is showing solid support near the 50% Fibonacci retracement level, positioned around $2,750. Adding to the bullish signals, a hammer candle has appeared on the weekly timeframe, hinting at buying pressure stepping back in after recent downside movement. If the pattern plays out, Dean noted that Ethereum’s first major target lies at $4,109, a level that would allow ETH to challenge previous resistance/support zones. Reclaiming this region would mark a meaningful shift in momentum and strengthen the bullish outlook for the asset. Beyond that, the next upside target sits near $5,766, which aligns closely with the 1.618 Golden Ratio extension calculated at approximately $5,793.51. Dean described this confluence as particularly noteworthy, suggesting that if Ethereum breaks above its nearer targets, a larger rally toward this golden-ratio level becomes a realistic possibility. Growing Accumulation Suggests Bulls Are Preparing For Action In an earlier analysis, LSTRADER reminded followers of the impressive move from $1,600 to $4,800, noting that this surge had been identified in advance through both the ETH chart and the ETH/BTC setup. The analysis captured the momentum shift that preceded the rally, reinforcing the value of tracking key structural signals. Related Reading: Ethereum Open Interest Cut In Half As $6.4B In Positions Vanish: Market Reset Accelerates In the current market structure, LSTRADER noted that the chart clearly shows multiple instances where the trend faced rejection. Despite these rejections, the trend is steadily losing strength while accumulation continues to build, a combination that typically reflects growing bullish interest and the potential for an upward breakout. However, LSTRADER stressed that no major move should be assumed until the trendline itself is broken, and confirmation is still required. For now, patience is key as traders continue monitoring the structure and waiting for a decisive shift in trend direction. Featured image from Freepik, chart from Tradingview.com

Ethereum (ETH) is topping talks once again as its Fusaka upgrade goes live and the ETH price returns firmly above the $3,200 mark. After weeks of choppy trading and lingering fear across the broader crypto market, the combination of a major technical overhaul and rising on-chain activity is giving traders a fresh narrative to follow. Related Reading: Eric Trump Says Bitcoin Could Hit $500,000, Stands By ABTC Strategy In the last 24 hours, ETH has climbed around 4–5%, outperforming most large-cap cryptos and reclaiming a key psychological zone near $3,200. Market data shows rising volumes and a noticeable pickup in accumulation from larger holders, even as sentiment indicators still sit in “Fear” territory. ETH's price trends to the downside, but records some gains on the daily chart. Source: ETHUSD on Tradingview Fusaka Upgrade Shifts Focus Back to Ethereum’s Scaling Roadmap The Fusaka upgrade, Ethereum’s second major network update of 2025, activated at block height 18,200,000. At its core is PeerDAS, a data availability sampling system that lets nodes store only slices of blob data instead of entire payloads. This change is estimated to expand blob throughput by roughly eight times, easing congestion and helping layer-2 networks push more transactions through Ethereum’s base layer. Developers describe Fusaka as another step in Ethereum’s long-term scaling roadmap, aligning the main chain with growing layer-2 activity. Beyond PeerDAS, the upgrade bundles a series of Ethereum Improvement Proposals that tweak gas limits, transaction sizes, cryptographic support, and block configuration, aiming to improve efficiency while keeping validator requirements manageable. Whales, ETFs and Technical Signals Cluster Around $3,500 On-chain data shows “shark” wallets holding between 1,000 and 10,000 ETH have ramped up accumulation in recent weeks, buying aggressively on dips around $2,700–$3,000. Institutional interest also appears to be rising. BitMine has reportedly added more than 18,000 ETH to its treasury ahead of Fusaka, while U.S. spot Ethereum ETFs have recorded notable net inflows. Technically, ETH is trading around $3,200 with analysts watching resistance between $3,300 and $3,500. Short-term models project a move toward roughly $3,537 within days, implying upside of about 10% if the current trend holds. However, indicators remain mixed. The broader setup is still labelled “bearish,” and any pullback could see ETH retesting support around $3,100, $3,000, or even the $2,850 zone. Related Reading: XRP Price Is Performing As Expected; Analyst Reveals What Comes Next For now, the Fusaka upgrade has shifted the conversation back to fundamentals, with Ethereum’s price action testing whether renewed confidence is enough to carry it through the $3,500 barrier. Cover image from ChatGPT, ETHUSD chart from Tradingview

The highly anticipated Fusaka Upgrade for Ethereum is on the verge of going live on Wednesday, heralding significant enhancements to the network’s overall functionality.  Analysts contend that this pivotal development could usher in a considerable supply crunch for ETH, potentially boosting its price during a challenging period for the broader cryptocurrency market. Layer 2 Solutions To Boost ETH Burn According to analysts at Bull Theory, the Fusaka Upgrade integrates components from previous upgrades—Osaka, Fulu, and PeerDAS—but its most impactful feature is its resolution of one of Ethereum’s biggest challenges.  Layers 2 (L2) solutions have long utilized Ethereum’s security while contributing minimal fees back to the network. Despite L2 solutions like Base, Arbitrum, Optimism, and zkSync generating millions in fees from users, the fees recorded on Ethereum tended to diminish to nearly zero when they posted their data.  Consequently, this meant that significant L2 activity did not result in substantial ETH being burned, even though approximately 85% of Ethereum transactions now occur on these Layer 2 solutions. Related Reading: Bitcoin Slump Claims New Victims: Leveraged ETFs Tied To Strategy Suffer Major Losses The Fusaka Upgrade fundamentally changes this dynamic. A key enhancement is EIP-7918, which mandates that Layer 2 transactions pay real fees to Ethereum.  This adjustment ensures that every L2 transaction will contribute directly to the burning of ETH—something that was not previously guaranteed. The analysts assert that this feature represents one of the most significant value shifts since the introduction of EIP-1559. Post-Fusaka Projections The upgrade is further expected to broaden the scope of ETH burn from being predominantly derived from Layer 1 (L1) transactions to encompassing all L2 activity.  Historically, most ETH burn has originated from mainnet transactions; thus, the network saw slight inflation in 2024–2025 as Layer 2s made transactions cheaper, leading to a decrease in ETH burn while staking continued to issue new ETH.  Post-Fusaka, every L2 blob will incur a minimum cost, which will be burned. As Layer 2 adoption increases, the rate at which ETH is burned will also rise, contributing to increased scarcity of ETH. This enhancement positions Ethereum to shift back towards deflation for the first time in several years. Currently, ETH issues around 620,000 new tokens annually for stakers while burning approximately 350,000 tokens. This results in a net slight inflation.  However, projections following the Fusaka Upgrade, even with conservative estimates, suggest that the additional burn from L2 activity could range from 200,000 to 400,000 ETH per year.  Combined with existing burn rates, this could bring the total to over 600,000 ETH, leading to a net neutral or slightly deflationary state for ETH.  More bullish models predict that if L2 adoption flourishes and demand for blobs rises, burn rates could soar to between 900,000 and 1.2 million ETH annually, resulting in a supply decrease of 200,000 to 300,000 ETH each year.  Monetary Transformation For Ethereum? Another notable aspect of the Fusaka upgrade is PeerDAS, which enhances Layer 2 growth by reducing bandwidth requirements by 85%. This efficiency allows L2 solutions to publish more blobs at lower costs, resulting in increased fees and, consequently, more ETH burned. Related Reading: Analyst Says This Needs To Happen For The XRP Price To Rally Again The upgrade also increases the block gas limit from 36 million to 60 million, allowing more transactions to fit within each block. This increase means that more transactions can occur, leading to higher fees collected and a corresponding rise in burning.  Furthermore, lower fees for transactions—such as swaps, bridges, on-chain gaming, and social applications—will likely drive more usage, resulting in increased transactions and higher ETH burn. Ultimately, the analysts believe that the Fusaka Upgrade represents a significant monetary transformation for Ethereum, indicating that the network is not only scaling but also beginning to monetize that scaling effectively. Featured image from DALL-E, chart from TradingView.com

Ethereum fell more than 2% within 24 hours, sliding below $3,000 after losing its $2,900 support level. The drop triggered widespread liquidations, with around $500 million in long positions wiped out. Data shows that $79 million of the $106 million in ETH-focused contracts liquidated were long bets. Related Reading: Bitcoin Vs. Gold Metric Flashes Rare Signal Not Seen in Market History – See How Trading activity spiked sharply during the decline, with daily volume rising 200% to $33.2 billion. The broader crypto market also contracted, falling nearly 1.2% and erasing an estimated $1100 billion in value within hours. Bitcoin, SOL, XRP, and DOGE followed similar downward moves. Despite the volatility, some firms accumulated ETH during the downturn. BitMine Immersion Technologies increased its holdings by 96,798 ETH, diverging from the trend of companies reducing risk exposure. ETH's price gains some momentum on the daily chart. Source: ETHUSD on Tradingview Fusaka Upgrade Goes Live, Aiming to Boost Scalability On December 3, Ethereum is set to activate its Fusaka upgrade, the network’s second major 2025 update. The upgrade aligns execution- and consensus-layer changes, introducing features that aim to improve Layer 2 and reduce costs. A key component is PeerDAS, a data-sampling mechanism designed to reduce the bandwidth validators need to verify Layer 2 data. This system aims to cut validator bandwidth requirements by up to 85% and expand blob data capacity, potentially lowering Layer 2 transaction fees by 40–60%. Fusaka also raises Ethereum’s block gas limit to 60 million, enabling more transactions per block, and introduces updates to the Ethereum Virtual Machine that streamline smart contract execution. These combined changes are expected to enhance the network’s transaction capacity. Industry interest had been rising ahead of the upgrade. Major financial players, including Amundi and Fidelity, recently announced moves into tokenized products built on Ethereum, reflecting broader institutional activity across the network. Can Ethereum (ETH) Recover From Oversold Levels? Ethereum (ETH) last traded at around $2,807, with technical indicators indicating continued bearish momentum. The MACD remains in negative territory, while the Relative Strength Index sits at 32, signaling oversold conditions. Key support levels are at $2,700 and $2,500. A failure to hold these zones may deepen the downtrend, while a rebound could push ETH back toward $2,900–$3,000. Open Interest rose 4.3% after the decline, suggesting traders are reopening positions and preparing for higher volatility. Related Reading: You Won’t Believe How Much Bitcoin Companies Now Hold, What % Of Supply Do They Control? Whether the Fusaka upgrade can shift market sentiment remains uncertain, but its long-term scaling impact may play a role in Ethereum’s broader recovery. Cover image from ChatGPT, ETHUSD chart from Tradingview

The prices of Ethereum and Dogecoin have followed a similar trajectory to the Bitcoin price crash as the pioneer digital asset continues to lead the crypto market lower. The muted action from Bitcoin has led to speculations that the market is finally headed into another bear trend after rising over the last few years. In this same vein, a crypto analyst has predicted when they believe that the bear market will really start, and that the current trend could still lead to an eventual pump in the market. Why The Bitcoin, Ethereum, And Dogecoin Prices Could Still Pump Crypto analyst ChainShinobi explained what is going on in the market, predicting that the trend could end up going against what investors are expecting at this time. According to the X post, while everyone is currently calling for lower prices, it could lead to another pump that culminates in the final top for the crypto market Related Reading: Dogecoin ETFs Flat At Launch, But TA Points To $1 If This Support Holds ChainShinobi predicts what they refer to as “a face-melter”, the type of rally that no one sees coming and takes the likes of Bitcoin, Dogecoin, and Ethereum to possibly new all-time highs. However, instead of using this time to call for higher prices, the analyst believes that it is the best time for investors to actually get out of the market. This pump, which the analyst refers to as an exit window, could provide investors one final chance to actually get out of the market before another price crash. This is “The moment to lock in massive profit while everyone else is busy blinding themselves with hopium and pushing their targets higher and higher… the same way they dragged their targets lower and lower right now,” the crypto analyst said. The Same Wave Every Cycle As for when the Dogecoin, Ethereum, and Dogecoin prices could move into the next bear market, the crypto analyst tells investors not to expect it until next year. More precisely, ChainShinobi believes that the bear market will fully begin by the end of the first quarter of 2025. Related Reading: XRP Price At A Critical Turning Point: Analyst Maps Out Simple Rules For Breakout When the pump comes, the analyst warns that there could be an influx of bullish sentiment, with bullish news flooding the market. But it is during this time that the market is expected to turn. Essentially, the bear market is expected to begin when investors least expect it. “It’s pretty easy to see what’s coming. You don’t need to overdo TA or PA right now to see the path laid out,” the post read. Featured image from Dall.E, chart from TradingView.com

In the rapidly evolving landscape of digital finance, Ethereum is quickly establishing itself as the primary infrastructure for global on-chain capital markets. From tokenized bonds and money market funds to institutional liquidity rails, the world’s capital is beginning to migrate to an ecosystem where transactions are programmable, auditable, and borderless. Why Is Ethereum Chosen As The Default Choice For Global Rails The global capital markets are moving on-chain to Ethereum because it is credibly neutral. ETH has never experienced downtime, and it possesses the economic security necessary to support the world’s financial system. Investor and founder of GM42NFT, Captain GM, has stated that ETH is not fast enough to support trading because it wasn’t built for it. Related Reading: Ethereum Price Falls 25% But On-Chain Data and Institutional Staking Signal Q4 Recovery Potential However, the attempts to build a genuinely fast on-chain trading environment have consistently led teams to centralize significant parts of the trading system. This move creates security, reliability, and neutrality concerns for a system designed to be global. These compromises are in direct conflict with the very benefits that ETH provides, and make it the chosen blockchain for global finance. This is where Raya Network steps in to solve these issues at the core. Raya is delivering a decentralized exchange (DEX) with institutional-grade execution speed and Ethereum-level security. It’s a platform that is as fast as TradFi and remains simultaneously secure, reliable, and credibly neutral as exactly DeFi should be. “Fast is easy, decentralized is hard, and it’s only Reya that does both,” Captain GM noted. Analyst Alucard mentioned that the Raya network has become one of the few projects that genuinely solves the speed and security problem. The sub-millisecond execution speeds, trades are fully verified on ETH, and there’s no dependence on a single sequencer. This is an engineered combination designed for real progress in the space. However, over 45% of the token supply is allocated to the community. Reya, combined with the ETH buyback mechanism, creates an ecosystem that’s aligned both technically and economically. They’re building something fast and secure, and because of that, Reya sits in a different category. Why Reya’s Design Feels More Like A New Standard Than Another DEX A trader and ambassador of Somnia, Onur, has also explained that his experience with Reya feels like a full redesign of on-chain execution rather than a small improvement. It offers sub-millisecond fills, unified margin, Ethereum security with ZK settlement, and smooth flow through EigenDA. Related Reading: Ethereum Price Attempts Fresh Recovery as Bullish Pressure Builds According to Onur, the peer-to-pool model keeps trades consistent, efficient, and free from bottlenecks or hidden edges. As a result of this approach, Reya isn’t just another venue anymore, and it’s actively becoming the new execution standard for DeFi. Featured image from Peakpx, chart from Tradingview.com

A pseudonymous analyst has set off a new narrative around Ethereum’s upcoming Fusaka upgrade, arguing it could be the most favorable event ever for ETH as an asset by finally turning Layer-2 networks into meaningful ETH burners. On X, crypto pundit Kira Sama framed Fusaka, scheduled for December 3, as a structural shift in Ethereum’s fee economics. The core of the thesis is a single change: EIP-7918. “Price wise, Ethereum Fusaka upgrade on december 3rd, will be the most bullish upgrade for eth the asset ever, why? One reason. ‘EIP 7918’,” Kira wrote, calling it “the next big catalyst for eth burn.” Ethereum L2 Will Burn ETH Kira’s argument rests on how Ethereum currently treats L2s. Since the rollup-centric roadmap took shape, Ethereum’s base layer has effectively subsidized L2 data availability. In his words, “for a long time, ETH L1 charged zero base fees to L2s, while L2 deployers made millions of profits. So L2s haven’t burnt any meaningful eth.” That subsidized regime has fueled explosive L2 growth but also limited how much L2 usage translates into ETH burn. Related Reading: Ethereum Is 58% ‘Undervalued’ Based On Intrinsic Metrics, Says Hashed CEO EIP-7918 is designed to change that by tying L2 data costs more tightly to mainnet gas prices. Kira summarizes it as follows: “L2 fees will be bounded by the execution cost which will help us reach L2 fees price discovery faster. It also helps maintain the fees during spikes so that L2 users won’t be rugged from absurd tx fees. Win-win.” In practice, that means rollups will face a non-trivial, protocol-enforced minimum on what they pay Ethereum for posting their batches. Crucially for ETH holders, those fees are paid in ETH and a portion is burned under the EIP-1559 mechanism. Kira argues that as L2 throughput scales, this will become a dominant driver of ETH’s burn dynamics: “They will just pay their fair share to Ethereum L1 and burn meaningful eth. It will be slow and steady at the beginning. This will eventually result in burning millions of dollars of eth long term and L2s will be main driving force of making eth deflationary.” Related Reading: Ethereum Price To Recover Or Crash? The Real ‘Leverage Point’ Investors Should Know About The narrative becomes more aggressive when Kira extrapolates to corporate and institutional rollups. He lists a series of existing and anticipated L2s and claims that “Coinbase’s base will burn eth, Robinhood’s L2 will burn eth, OpenAI’s Worlchain will burn eth, Sony’s Soneium will burn eth, Alibaba’s Jovay will burn eth, UAE’s ADI chain burn eth, Kraken’s Ink will burn eth, Lighter will burn eth, Deutsche Bank’s Memento chain will burn eth, Arbitrum will burn eth etc etc etc. Corporations will start burning eth.” From that, he extends the thesis to a broader, highly bullish vision: “Every company in the world will launch their own layer 2. Every alt-L1 will become L2 and start burning eth. Eth inflation will shrink.” While those universal claims go far beyond what the upgrade itself guarantees, they capture the heart of the bullish narrative: if enough economic activity migrates onto Ethereum-secured L2s that must pay non-negligible base fees, Ethereum becomes the settlement and value-capture layer beneath corporate and institutional chains. Kira explicitly compares Fusaka to the London hard fork that introduced EIP-1559 in 2021. “When Ethereum introduced burn through eip-1559 in 2021, it lifted the whole market up,” he wrote. “Everyone will be caught off guard this time as well. L2s burning eth incoming. Bullish eth. Bullish L2s.” For now, Kira is clear about his own conclusion: “December 3rd, tik-tok. The ticker is ETH.” At press time, ETH traded at $3,022. Featured image created with DALL.E, chart from TradingView.com

Ethereum is trading far below its modeled “intrinsic value,” according to a live valuation dashboard launched by Hashed CEO Simon Kim. On ETHval (ethval.com), the current snapshot shows Ethereum at a spot price of $3,034.0 while the reliability-weighted “Composite Fair Value” stands at $4,777.5, implying +57.8% upside versus the market. The median fair value across models is $4,026.68, or +33.8% above spot. The dashboard labels ETH “UNDERVALUED” and aggregates its eight models into five buy, one hold and two sell signals. How The Fair Value Of Ethereum Is Calculated Kim introduced the project on X with the explicit goal of shifting the discussion away from pure sentiment: “What is ETH actually worth? The crypto industry deserves better than price speculation. I built a dashboard to think about ETH’s intrinsic value with 8 models… Far from perfect and open to feedback.” ETHval makes those models and their outputs fully visible, along with their individual reliability tags. Related Reading: Ethereum Price To Recover Or Crash? The Real ‘Leverage Point’ Investors Should Know About The tool’s central panel breaks out each valuation. The TVL Multiple model, which prices ETH off total value locked in DeFi using a 7× TVL-to-market-cap anchor, assigns a fair value of $4,026.6, judging ETH 32.7% undervalued (reliability: medium). A more conservative MC/TVL Fair Value mean-reversion model, treated as high reliability, lands at $3,453.1, only 13.8% above spot and classified as “fair.” Models that embed stronger network-effect or cash-flow claims are far more aggressive. The DCF (Staking) framework, which discounts an implied perpetual stream of staking rewards, values ETH at $9,101.9, indicating it is 200.0% undervalued. A high-reliability Metcalfe’s Law implementation, which scales value with TVL to the power of 1.5, is even more bullish at $9,585.9, or 216.8% above the current price. The Ethereum L2 ecosystem model, which adds twice the TVL of major rollups to Ethereum mainnet TVL before applying a multiple, generates a fair value of $4,640.0, implying 52.9% undervaluation, although ETHval marks this model’s reliability as low. A Staking Scarcity model, also low reliability and based on liquid-supply contraction, prices ETH at $3,538.2, or 16.6% undervalued. Related Reading: Ethereum Steadies Near $2,900 as Fed Rate-Cut Odds Fuel $3,400 Rebound Hopes Two income-style models push in the opposite direction and still receive high reliability scores. The P/E Ratio (25×) model treats annualized protocol fees as “earnings,” applies a 25× multiple and arrives at a fair value of only $957.4, reading ETH as 68.4% overvalued. The Revenue Yield model reverse-engineers price from a target protocol yield of 2.5%; at current revenue levels it outputs $1,531.8, implying 49.5% overvaluation. To synthesize these conflicting signals, ETHval applies a disclosed weighting scheme: high-reliability models are multiplied by 9, medium by 5 and low by 2 when computing the $4,780.7 composite. That weighting, combined with the extreme upside implied by the DCF and Metcalfe models, is what drives the overall conclusion that Ethereum is strongly undervalued despite two respected frameworks pointing to downside. The dashboard itself stops short of making investment recommendations. Underneath the numbers, ETHval reiterates that the outputs are for reference only and that each model rests on explicit, debatable assumptions. But by fixing the current ETH price at $3,034.0 against a live fair-value band stretching from $957.4 on the bearish end to $9,585.9 on the most bullish, Kim’s site quantifies a debate that usually plays out in anecdotes and narratives—and, for now, that quantified view leans clearly toward Ethereum being undervalued. At press time, ETH traded at $3,029. Featured image created with DALL.E, chart from TradingView.com

Ethereum (ETH) is holding firm around the $2,900 level as improving macro sentiment, renewed whale accumulation, and rising ETF inflows strengthen expectations for a short-term rebound toward $3,400. Related Reading: Capriole Founder Not Bearish On Bitcoin Despite Headwinds—Here’s Why With Federal Reserve rate-cut odds now above 80%, traders are positioning for a potential shift in risk appetite that could benefit major cryptocurrencies, especially ETH. ETH's price trends to the downside on the daily chart. Source: ETHUSD on Tradingview Fed Pivot Hopes and Institutional Demand Bolster Ethereum Ethereum has traded between $2,700 and $3,300 in recent weeks, but fresh catalysts are helping the asset stabilize above $2,900. The biggest driver is macroeconomic. CME FedWatch data shows the probability of a December interest-rate cut has surged from 30% to more than 80%. Lower interest rates typically encourage investment in risk-on assets such as crypto. Institutional flows reflect that shift. U.S. spot Ethereum ETFs recorded $96.67 million in inflows on November 24, with BlackRock alone contributing $92.6 million, its first inflow in two weeks Treasury giant BitMine continues to accumulate aggressively, adding 69,822 ETH (over $200 million) last week and bringing its total holdings to 3.63 million ETH, around 3% of the circulating supply. At the same time, whale wallets holding 10,000–100,000 ETH amassed 440,000 ETH in one week, signaling renewed confidence despite broader market caution. Ethereum (ETH) Poised for a Breakout Toward $3,400 Despite trading under the 20-day SMA at $3,132, Ethereum is showing early signs of bullish momentum. The MACD histogram has crossed into positive territory, and the RSI is sitting near the neutral 50 line, with room to move higher before hitting overbought levels. Other indicators strengthen the bullish case: Bollinger Bands: ETH’s position near 0.32 suggests price is closer to the lower band, a common rebound zone. Volume: Binance 24-hour trading volume around $1.27 billion indicates enough liquidity to support a breakout. ATR: With daily ATR at $201.62, volatility remains elevated, favoring sharp upside moves if momentum builds. The first major test remains $3,132. A clean breakout and two consecutive daily closes above this level would likely trigger algorithmic buying and push ETH toward the $3,400 target within 5–7 days. Beyond that, resistance at $3,658 becomes the next upside objective. Market Risks and Short-Term Outlook While bullish momentum is building, Ethereum still trades in a broad descending channel, and market structure remains fragile. Failure to reclaim $3,132 soon could send ETH back toward $2,750, with deeper support at $2,623 and the cycle low of $2,659. Related Reading: The Bull And Bear Scenario For XRP That Could Play Out In November Broader crypto weakness, negative spot flows, or delays in network upgrades could delay a breakout. However, with rising institutional demand, whale accumulation, and rate-cut optimism, Ethereum’s probability of retesting $3,400 is steadily improving. Confidence Level medium is at Medium (65%), as ETH’s path to $3,400 remains viable but requires confirmation through key resistance levels. Cover image from ChatGPT, ETHUSD chart from Tradingview

Ethereum’s price has spent the past several days under intense pressure. The leading altcoin has broken below $3,000 and is now probing deeper into ranges that were previously considered secondary support.  The latest technical read points to a single leverage point on the chart that now determines whether this recovery attempt can continue or whether the market is preparing for another leg lower. Where The Real Leverage Sits: $2,830 To $2,835 Ethereum’s price decline in November recently pushed it into a demand zone around $2,680 on November 21, where buyers finally stepped in to produce a 10% rebound back up to $2,970. The RSI trendline, which had been sloping downward for weeks, has now been reclaimed. This shift is significant because it indicates that momentum is no longer deteriorating at the same pace as before. Related Reading: Ethereum Dead Cat Bounce Puts Price At $3,400, But What’s The Ultimate Target? Even with that bounce, the cryptocurrency has not fully escaped danger. This is based on a technical outlook by a crypto analyst known as Umair Crypto on the social media platform X. The most important finding in the technical analysis is not the bounce itself but the location of the largest recent whale orders.  Roughly 4,000 to 5,000 ETH blocks were executed between $2,830 and $2,835. That narrow band has now become the market’s true leverage point. As long as the Ethereum price is trading above $2,835, these whales are in profit. The psychological impact of that cannot be overstated, as large players do not usually abandon positions that are above their entry zone. This is why the price has repeatedly reacted within tight candles around this level, and there is always a possibility for a rebound if Ethereum continues to hold this area. Momentum will build naturally as trapped shorts unwind and sidelined buyers follow the strength in trading volume and RSI. The Bigger Breakdown Starts Below $2,770 Failure to hold above the leverage zone between $2,830 and $2,835 will lead directly into the second important leverage at $2,770. If Ethereum were to close below this level, the same whales who supported the bounce would instantly become vulnerable. Their positions would move underwater, and many of them may be forced to become sellers. Related Reading: Why Are The Bitcoin, Ethereum, And Dogecoin Prices Down Again? This zone is visible with the clusters of red circles visible at lower points on the short-term chart below. A breakdown under $2,770 would reopen the lower part of the support box and drag Ethereum back to its lowest price level since June. Ethereum is currently trading at $2,908, up by 1.5% in the past 24 hours and just a little bit above the recognized leverage zone between $2,830 and $2,835. Featured image from iStock, chart from Tradingview.com

Ethereum is testing a critical juncture as the golden pocket between $2,600 and $2,800 comes into play. With resistance looming at $2,800, the market now faces a pivotal moment. Can ETH reclaim this level and spark a move toward $3,000, or will sellers push it back below key support? Golden Pocket Breakdown Validates Ethereum’s Downside Target In an Ethereum update, analyst Luca has offered a detailed analysis of the leading altcoin, reflecting on the expert’s previous predictions. As he covered all his PAT updates and his latest YouTube video, once Ethereum broke down below the high-timeframe support range, specifically the golden pocket between the 0.5 and 0.618 Fibonacci POIs, the most likely outcome was a continuation of the downside pressure. Related Reading: Ethereum Is Sitting On Its Most Critical On-Chain Support Level — A Rally Emerging? Luca explained that this expected continuation was targeting the next major support, the high-timeframe support range marked in purple. That exact scenario just played out, with the price now confirming the bounce on the low-timeframes, performing precisely as anticipated. From this validated support, Luca believes the most likely outcome is a reversal back to the upside. However, he stressed the need for confirmation before fully committing to the long side: “Before I start scaling out of my hedges, I want to see additional signs of strength and a clear bottoming formation to confirm that this level is holding,” Luca stated. The analyst concluded with a warning: if the price were to break below this established range, it would entirely invalidate the idea that the move is a simple corrective Wave 2 on the high-timeframes. Instead, the breakdown would signal a durable structural decline, which Luca intends to “avoid getting caught in.” $2,600 Tested: Buyers Rush To Defend Lows After examining current price action, crypto analyst Ted Pillows highlighted that ETH experienced significant volatility yesterday, nearly touching the $2,600 level before finding a temporary floor. Following that test, Ethereum is currently attempting to reclaim the $2,800 level, but is facing noticeable resistance from sellers at that mark. Related Reading: Ethereum Approaches Critical Resistance — Bullish Breakout Or Trap In The Making? The analyst provided a clear path for a continued recovery. Should Ethereum decisively reclaim and hold the $2,800 level, it would signal sufficient bullish strength, propelling ETH toward the next significant psychological and technical target at the $3,000 level. Conversely, Ted warns that if this essential $2,800 level is not reclaimed, the market is likely to reverse lower. As a result, traders should expect a sweep below the $2,500 level, indicating a need to test deeper support before the asset can attempt another structural recovery. Featured image from iStock, chart from Tradingview.com

Ethereum is still struggling after the initial market crash on October 10 that rocked the market. The subsequent market declines have pushed the largest altcoin by market cap toward $3,000, breaking below it for the first time at the start of the week. With the price looking to find support, there is the possibility of a dead count bounce happening that could see the price rise by more than 10%. However, with a dead count bounce being ultimately bearish, the target remains much lower. Why Ethereum Could Be Headed Lower Crypto analyst TradingShot, in a recent analysis, outlined how the Ethereum price looks to be caught in a bearish trend since early October. This had first begun after the altcoin put in a new all-time high just above $4,900 before being hit hard in the October 10 market-wide crash. Related Reading: Dogecoin Price Could Surge Above $1 As It Repeats This Trend From 2023-2024 Since then, the digital asset has been caught within a Channel Down. This Channel Down is what triggered the double-digit decline that has been recorded for the altcoin since then. As the crypto analyst explains, the Ethereum price has seen a 27.50% decline on both of its bearish legs since this trend was established. Recently, though, there has been a small turn in the tide after the price dropped below $3,000, and this happened after Ethereum formed higher lows on the 1-Day RSI. Mostly, this is bullish for the cryptocurrency’s price, but the catch is that it is likely only going to be so for the short term. If the bullish divergence does play out as expected, then the Ethereum price is definitely set for some recovery. TradingShot believes that this recovery could bring the ETH price up by 10%, pushing it up to $3,400 before the bears step back in again. However, the overall trend still remains bearish, and this could act as a hindrance to this recovery. Once the bears mount enough resistance to stop the rally in its tracks, it is expected that the decline will resume. If this plays out, then it could mean that the recovery was only a dead cat bounce. Related Reading: Here’s Why The Bitcoin Price Keeps Crashing- Is $80,000 Next? This $3,400 level lies at the 1-Day MA50, which is important because it was the point of rejection back on October 27. Last time, it led to a 27.50% crash for the Ethereum price. This time, once the sell-offs begin again, the crypto analyst believes that this could trigger a sharp crash below $3,000. The timeframe for this ranges from the end of November to the start of December, giving it only a couple of weeks to play out. The crash is expected to push Ethereum down to $2,650 before finding a bottom, marking a new lower low. Featured image from Dall.E, chart from TradingView.com

The cryptocurrency market finds itself at a compelling crossroads, and Ethereum has once again returned to a pivotal on-chain support zone that has historically marked major turning points in its market cycle. With ETH now pressing against this same support, the market is exhibiting a strong reaction that could confirm the integrity of the long-term trend. Why This On-Chain Support Zone Defined Ethereum Recovery Ethereum’s price is sitting right on top of its most important on-chain support, and the behavior around this level is exactly what occurs before a big reversal. A popular crypto news site, CryptosRus, has revealed on X that the ETH price sharply dropped to $2,870 earlier today, only to bounce instantly after Nvidia’s earnings lifted the entire market. CryptoRus highlighted that this bounce isn’t the real story, but the level at which it happened is. Related Reading: Ethereum Big Wallets Are Back: Whales Are Quietly Accumulating ETH – A Rally On The Way? Presently, the $2,800 zone is a strong on-chain floor for ETH. This is because the level lines up perfectly with the realized price of both retail and whales. These are the same zones that have marked the ETH bottoms in every past cycle, and ETH just tapped it perfectly.  The classic signature of a bottom-zone behavior is that small wallets are in panic, while big wallets are buying in silence. Meanwhile, the on-chain rotation data has clearly shown that retail holders are selling, while whale investors holding 10,000 ETH and above are steadily loading up.  A similar sentiment has been detected in the liquidation data. Long liquidations are barely moving on each new low, which means that the forced sellers are gone and the short sellers have been piling in aggressively. That’s the perfect setup for a squeeze. According to the expert, ETH didn’t just dip; it slammed into a major on-chain support, as large investors bought it up with conviction. Meanwhile, retail dumped it in panic, shorts crowded it, and now even a small bounce can trigger the fireworks. Historical Patterns Suggest A Reset Precedes The Next Expansion Ethereum had just repeated the identical liquidity pattern that occurred at the last two major bottoms, and it happened almost in the same week. An analyst known as Milk Road has stated that every single major ETH reversal started with a full liquidity reset. Related Reading: Ethereum Price Uphill Battle Continues as Sellers Hold the Advantage As that same liquidity reset occurs again, that’s when the ETH price begins its next massive expansion leg, which is exactly the setup ETH is currently in. In the meantime, the next phase will depend entirely on how quickly the market depth can be rebuilt. Featured image from Freepik, chart from Tradingview.com

Fundstrat co-founder Tom Lee says Ethereum is nearing a cyclical low, arguing that on-chain fundamentals and relative valuation versus Bitcoin indicate that ETH is “pretty close to bottoming this week.” “Personally, I think that we’re pretty close to bottoming this week,” Lee told CNBC, linking the current drawdown to a broader crypto correction that began after a sharp liquidation event on October 10. Despite that shock, he insisted that Ethereum’s core investment story remains intact. Will Ethereum Bottom This Week? For Lee, that story centers on Ethereum as neutral infrastructure for tokenization and stablecoins, increasingly relevant as Wall Street intensifies its on-chain ambitions. “There are stablecoin creations. Larry Fink and BlackRock and Wall Street want to tokenize assets, bring stocks, bonds, real estate onto the blockchain. And they have to find a neutral 100% uptime blockchain. That’s Ethereum. And that’s the fundamental story,” he said. Related Reading: Ethereum Approaches Historical Accumulation Level – Just 8% Away From LTH Cost Basis Lee framed crypto’s extreme volatility as structurally tied to how the market values long-term innovation rather than as a sign of fundamental weakness. “The price, of course, for Ethereum will fluctuate because crypto is hyper volatile. In fact, it’s kind of a… it’s sort of a feature of the blockchain itself,” he noted. “Crypto suffered from that liquidation event on October 10th, but because the fundamental story is intact and crypto discounts the future, that’s why it’s volatile, but it still looks pretty attractive here.” He placed the current move in the context of a broader risk-off environment and a continuing correction across digital assets. According to Lee, macro data remains a crucial driver of crypto cycles, particularly for Bitcoin. “The most correlated factor to Bitcoin prices when you see it… at a peak actually is the ISM,” he said, referring to US activity surveys. “So I think we’re still in a correction phase of crypto.” Asked specifically what underpins his bullish view on Ethereum now, Lee pointed to two structural “floor” mechanisms. First, he cited the value of assets locked on the Ethereum blockchain. “Ethereum kind of has several ways that it establishes a floor. One is the value of all the assets locked onto the blockchain, and that number is growing,” he said. “Historically, Ethereum bottoms when that ratio is about 50%. So I’d say we’re pretty close to that level. That’s why I think Ethereum is probably bottoming this week.” Related Reading: Ethereum Flashes Rare Oversold Signal As Price Hits Demand Zone — Major Rebound Loading? Second, he highlighted Ethereum’s valuation relative to Bitcoin, using both price and network value. “The other way to look at Ethereum is really its price ratio or even its network value ratio to Bitcoin. It currently sits at 0.032,” Lee said. “The long-term average, like the eight-year average, if we were just to trade to that eight-year average, would put Ethereum at around $12,000.” On that basis, Lee characterized Ethereum as undervalued versus its historical relationship with Bitcoin. “So I think Ethereum is undervalued because number one, the story is gaining relative to Bitcoin this year. But two, we’re getting this sort of intrinsic floor because of the value that the assets locked onto the Ethereum blockchain,” he argued. Summarizing Lee’s stance, the CNBC host concluded: “Tom Lee saying that Ethereum is bottoming this week.” Lee did not offer a specific price target or an exact day, but his message was clear: in his view, Ethereum is close to completing its correction as on-chain value and relative valuation metrics converge toward levels that have historically marked major bottoms. At press time, ETH traded at $3,018. Featured image created with DALL.E, chart from TradingView.com

Ethereum (ETH) is flashing a rare technical warning sign for bears. According to the analysis, the daily chart has hit a historically oversold MACD reading not seen in years, aligning with a deeply oversold RSI. This confluence of extreme momentum signals suggests that the price has entered a major demand zone, dramatically increasing the likelihood of a powerful relief rally and setting the stage for a significant short-term rebound. MACD Hits Rare Historical Lows — A Zone Linked To Major ETH Bottoms According to a recent post from More Crypto Online, Ethereum is currently flashing one of its most extreme MACD readings seen in years on the daily timeframe. While the MACD technically has no fixed oversold threshold, comparing past cycles gives valuable context. Historically, ETH has often formed significant market bottoms whenever the MACD enters the -210 to -220 region, a zone it has dipped below a few times, but not often. Related Reading: Ethereum Slips to $3K, Highlighting Weakness After Recent Failed Rebound This puts the current MACD position into what can be considered a historically oversold zone, signaling increased potential for a relief bounce. Adding to this confluence, the RSI has also slipped deep into oversold territory, reinforcing the idea that sell pressure may be nearing exhaustion. Together, both indicators suggest that momentum could soon shift away from the bears. However, the analyst cautions that these signals alone do not confirm a major trend reversal. Oversold conditions can persist longer than expected, particularly in strong downtrends. Even so, such extreme readings are often early clues that a temporary recovery or a corrective move to the upside may be approaching. Overall, the current market structure gives the bears something to think about.  Early Signs Of Relief: Ethereum Finds Stability In Key Demand Zone In a 3D market update, CryptoPulse reported that Ethereum has now cleanly tapped the identified Demand Zone, showing early signs that the aggressive downside may be easing. This reaction suggests sellers are losing momentum, creating the conditions for a potential short-term rebound if buyers step back in. Should bullish strength return, a retest of the $3,500 region is likely in the coming sessions. Related Reading: Ethereum Approaches Critical Resistance — Bullish Breakout Or Trap In The Making? However, CryptoPulse emphasized that confirmation is still required before calling any meaningful reversal. A strong bounce paired with a reclaim of key short-term levels would be the first signal that buyers are regaining control.  Meanwhile, if bearish pressure persists, Ethereum may drift deeper into the chart structure, where the next significant demand sits between $2,400 and $2,600. This zone could act as the major support zone for ETH if the current support fails to hold. Featured image from iStock, chart from Tradingview.com

The Ethereum price has slipped deeper into a bearish structure that has intensified over the past week. A combination of weakening momentum, strong ETF outflows, and selling from long-term holders has dragged the price of Ethereum lower at a pace that has led to concerns about whether the cryptocurrency is preparing for a deeper correction.  The latest decline has now placed the $3,000 region back into view and it opens up the question of whether the momentum behind this downturn is strong enough to force another breakdown below $3,000. Ethereum Price Slips Below Moving Averages As ETF Outflows Deepen New data from 10x Research reveals that Ethereum is now trading firmly below both the 7-day and 30-day moving averages, confirming a clean shift toward bearish momentum. The latest one-week change shows a decline of -6.6%, with the price failing to regain the short-term trendline at any point during the sell-off.  Related Reading: This Analyst Called The Bitcoin Crash Below $20,000 In 2021, He’s Back With A Shocking Prediction For Solana The chart provided by the research firm illustrates how ETH-USD rolled over throughout early November as both moving averages curved downward, indicating that market structure has fully weakened. This technical deterioration is unfolding at the same time the Ethereum ETF market is experiencing one of its heaviest redemptions on record. According to data from SoSoValue, spot ETH ETFs have now seen more than $1.4 billion in net outflows since the beginning of November, a change that shows the decisive shift in institutional appetite.  The combination of sustained selling pressure and shrinking ETF demand has created a feedback loop that continues to pull ETH lower whenever each price support level fails. XRP Price Chart. Source: 10X Research On X Long-Term Holders Selling Fastest Since 2021, But Whales Are Accumulating On-chain flows paint a picture of an ecosystem under strain. Data shows that long-term ETH holders, wallets that have held their coins for three to ten years, are now selling at their fastest rate since 2021. This group is known to be dormant during most phases of the market, so their recent activity has introduced a strong supply wave that exchanges have struggled to absorb.  Related Reading: What Will Trigger The XRP 1,300% Break To $36 This Bull Cycle? However, the dynamic is not entirely one-directional. On-chain data shows that a few large whale wallets have stepped in aggressively during the downturn and bought hundreds of thousands of ETH worth over $1 billion.  Meanwhile, the scale of accumulation has not been large enough to counteract the broader selling from long-term holders or the ETF outflows, leaving the price of Ethereum trapped inside a downward-tilting trend channel. Ethereum is now trading around $3,182, but its intraday low has stretched as far as $3,023. This leaves very little margin between the current level and the support zone at $3,000. If sellers continue to dominate and push the price below the $3,150 to $3,200 range, a direct slide to $3,000 becomes increasingly likely during the new week. Featured image created with Dall.E, chart from Tradingview.com

Funstrat co-founder Tom Lee says Ethereum could be the crypto market’s near-term leader, targeting a move to $12,000 by January on the back of Wall Street’s tokenization push and rising growth expectations for smart-contract platforms. In an interview released Nov. 10 with Tom Nash, Lee emphasized that while Bitcoin remains under-owned, “there’s a bigger move in Ethereum” over the next several weeks as capital reallocates toward the rails that power stablecoins and tokenized assets. Why Ethereum Is Poised To Rally Soon Lee anchored his call to a blend of technical and fundamental drivers. Citing Funstrat’s head of technical strategy, he noted: “Mark Newton […] thinks we can be like $9,000 to $12,000 by January. I think that’s about right. I think Ethereum […] more than doubles between now and year end or between now and January.” In parallel, he said Bitcoin could reach the “high $100,000s, maybe even $200,000 by the end of the year,” while reiterating that Ethereum likely has the bigger near-term upside. Related Reading: Ethereum Trading Volume On Binance Surpasses $6 Trillion: A Speculative Frenzy Unfolds The crux of the Ethereum thesis, as Lee laid it out, is that the demand side of crypto is shifting toward applications that depend on smart contracts—precisely the domain where Ethereum is most entrenched. “Even Cathie Wood wrote about it. She thinks stablecoins have been cannibalizing demand for Bitcoin and gold and tokenized gold is cannibalizing demand for Bitcoin. But stablecoins and tokenized gold run on smart contract blockchains like Ethereum,” he said. He added that “Wall Street is building and Larry Fink wants to tokenize everything on the […] blockchain. That means Ethereum is where people are starting to raise their growth expectations.” Lee argued that this change in growth expectations matters as much as, if not more than, headline monetary policy over short windows. While acknowledging that the Federal Reserve remains a critical backdrop, he framed potential December easing as a catalyst for risk assets broadly—financials, small caps, and tech—and, by correlation, crypto. “If they cut in December, they’re confirming they’re on an easing cycle,” he said, calling that “really bullish” for equities most tightly linked to growth and liquidity. In Lee’s framework, those same flows support crypto assets—and Ethereum in particular—into year-end positioning. The fund manager also located the crypto setup within a larger “super-cycle” he’s been mapping for years. He contends that markets are still in the early innings of an AI-driven capex boom and a demographic regime that keeps demand for productive technology elevated. That backdrop, he said, has repeatedly wrong-footed bears who anchored on yield-curve inversions and 1970s inflation analogs. Related Reading: Ethereum Approaches Critical Resistance — Bullish Breakout Or Trap In The Making? “People have a hard time understanding and grasping super cycles […] we look for story arcs that last 10 to 15 years,” he said, arguing the last three years showcased “mass misconceptions” about recession and persistent inflation that never reconciled with reported earnings. The Macro Backdrop Pressed on risks to the call, Lee downplayed the idea that inflation is about to re-accelerate and argued that oil would need to approach levels near $200 to deliver a true growth shock to US households. “The most overrated risk is that inflation’s coming back,” he said, pointing to cooling housing and labor metrics and stating that recent claims about re-heating core services inflation were “dead wrong” when checked against the PCE series. On policy path-dependence, he suggested that even a December hold by Chair Powell would likely accelerate political pressure for a leadership change, muting the medium-term impact on risk assets. Timing-wise, Lee sees positioning as the near-term accelerant. He argued that institutions remain behind their benchmarks after repeatedly fading rallies through 2023–2025 and that the final weeks of the year often force a chase into outperforming segments. “There is incredible demand for equities because people are really off-sides […] 80% are trailing their benchmark this year […] they’re going to be buying stocks,” he said, adding that the AI trade “is going to come back strong” and that crypto tends to correlate with that move. For Ethereum specifically, Lee’s case reduces to a simple through-line: the pipes getting built are where the next leg of growth accrues. Stablecoins, tokenized gold, and Wall Street’s broader tokenization agenda are traffic that runs on programmable blockchains; the market, in his view, is only beginning to price that through. “If you’re raising your growth expectations, then your discount to the future is going up,” Lee said, explaining why he believes ETH can “have a huge move into year end” and reach the $9,000–$12,000 range by January. At press time, ETH traded at $3,447. Featured image created with DALL.E, chart from TradingView.com

Ethereum is once again knocking on a major resistance level, sparking fresh excitement across the market. After a steady climb, ETH now faces a crucial test near the $3,700 mark, a zone that could determine whether bulls reclaim control or if another pullback is on the horizon Ethereum’s Uptrend On The Line — Will Buyers Step In? According to Crypto King, a well-known crypto analyst, ETH has reached a crucial point on the daily chart that could determine its next major move. The analyst noted that ETH’s price action is currently hovering around a key level, making this moment critical to track the broader market structure. Related Reading: Ethereum Price Surge To $5,500: What To Watch Out For To Mark The Bottom In the post, Crypto King pointed out that the main uptrend line has been tested once again. The outcome of this test, the expert explained, will set the tone for Ethereum’s next direction, either confirming a bullish continuation or signaling the beginning of a deeper correction. Should the bulls manage to reclaim the trendline and drive the price above $4,950, Crypto King believes this could open the door for a strong move toward $5,600. Such a breakout would reaffirm the ongoing bullish trend and could attract renewed market interest. However, the analyst cautioned that failure to hold this key level may invite selling pressure, triggering a drop toward the $2,000 zone and invalidating the broader uptrend that has supported ETH in recent months. Crypto King concluded by reminding traders to stay calm and let the chart speak, emphasizing patience over panic. In volatile conditions like these, the market often rewards those who wait for clear confirmations rather than reacting impulsively to every move. Price Facing Critical Resistance At The $3,700 Mark In a more recent update from Ted Pillows, a crypto analyst, highlighted that ETH is now approaching the key $3,700 resistance level that is crucial for its next short-term direction. The market has shown renewed strength in recent sessions, but all eyes are now on how ETH reacts around this critical zone. Related Reading: Ethereum Price Could Crash Below $3,400 After Rejection From 0.618 Fibonacci Level According to Ted, if Ethereum closes a daily candle above $3,700, it could trigger a fresh wave of bullish momentum, potentially pushing the price toward $4,000. Such a breakout would likely signal that buyers are regaining control and could pave the way for further upside in the days ahead. However, Ted also warned that if ETH fails to break through resistance, a rejection could bring its price to the $3,400 support zone. This would indicate that bears are still defending the upper levels, keeping the price trapped within its current range. Featured image from Pixabay, chart from Tradingview.com

The cryptosphere is keeping a close eye on Ethereum (ETH), as the second-largest cryptocurrency by market cap demonstrates resilience amid market shakes. Related Reading: MEXC Users At Risk Of Losing Their Crypto? Ex-Public Advisor Exposes ‘Structural Rot’ While spot ETF outflows are causing concern in some quarters, underlying network fundamentals and technical charts are painting a cautiously optimistic picture, with analysts pointing to a potential move toward the $4,400 mark. Ethereum ETF Outflows and Institutional Sentiment Despite ETH’s recent price recovery, institutional sentiment appears to be on firmer ground even as exchange-traded funds (ETFs) tied to Ethereum record sizeable outflows. Data show that Ethereum spot ETFs suffered a net outflow of approximately $508 million over the week, marking one of the largest weekly withdrawals in their history. This mirrors a broader shift in investor behaviour: while traditional crypto-fund inflows have tapered, margins of institutional conviction remain steady. On the one hand, redemptions suggest a short-term cooling of enthusiasm for ETH amongst ETF investors. On the other hand, this rotation may reflect a more strategic recalibration rather than a wholesale withdrawal of institutional capital. ETH's price trends to the upside on the daily chart. Source: ETHUSD on Tradingview Strong ETH Price Support and Technical Setup From a price-action standpoint, Ethereum shows signs of stabilisation. After a sharp weekly drop of around 12 %, the asset has rebounded above the $3,400 level. Analysts have identified key resistance near $3,720, with breakout targets in sight at approximately $4,400 and a further extension toward $4,955. Key technical highlights include: Holding the $3,200–$3,350 liquidity zone as support before the rebound. The break of a bearish trend line near $3,350, alongside clearing the 50 % Fibonacci retracement of the recent decline. Momentum indicators, such as MACD and RSI, are entering bullish territory, suggesting that the upside could be favored if resistance levels are conquered. Network Fundamentals and Catalysts Beyond price movements, Ethereum’s on-chain fundamentals offer reason for optimism. While some metrics are cooling, the total value locked (TVL) in the network has fallen by roughly 24% in the past 30 days to around $74.2 billion. On the flip side, Ethereum’s revenue from applications hit record levels as recently as mid-October, driven by stable-coin activity and increasing usage of the network’s “economic machine.” A key upcoming catalyst is the planned “Fusaka” upgrade, scheduled for early December, which is expected to enhance scalability and security in the Ethereum network, potentially boosting long-term value drivers. Related Reading: Here Are The Bitcoin Whales That Have Been Dumping BTC And Crashing The Price While short-term challenges persist, including ETF outflows and macroeconomic uncertainty, the confluence of a strong technical setup, institutional interest, and network upgrades has led some analysts to feel comfortable pushing higher targets. Cover image from ChatGPT, ETHUSD chart on Tradingview

The Bitcoin price, which had been climbing steadily toward new all-time highs, suddenly plunged on October 10, dragging the Ethereum price and the rest of the market with it. According to the latest Binance Research monthly market insights, the crash wasn’t due to weak crypto fundamentals or a loss of investor interest, but to an abrupt flush-out of excessive risky positions following geopolitical shocks and macroeconomic uncertainty. Why The Bitcoin And Ethereum Prices Collapsed Binance Research reports that the October 10 crash occurred as traders sold more than $19 billion in high-risk positions, marking one of the most significant single-day sell-offs in recent crypto history. The drop began soon after US President Trump announced new tariffs on China, which raised trade tensions and sent risk markets into a tailspin. Related Reading: Here’s Why JPMorgan Analysts Are Still Bullish On The Bitcoin Price After Crashing Below $100,000 Bitcoin’s intraday price swings spiked to levels rarely seen, with a Z-score of 3.08, meaning such extreme moves statistically occur only once every 1,000 days.  Binance Research notes that the sudden sell-off of high-risk positions pushed Bitcoin down around 4%, while Ethereum fell 8.6%, marking the market’s first negative October since 2018. The macro environment intensified the sell-off. A US government shutdown and a Federal Reserve rate cut in early October, when the Fed trimmed interest rates by 25 basis points but signaled a possible pause for further cuts, had already shaken investor confidence.  With economic data flow disrupted and rate policy uncertain, traders sought safety and closed risky positions. Binance notes that overall crypto market capitalization fell 6.1%, indicating a coordinated pullback from high-risk exposure. Will History Repeat Itself Again? Despite the sharp drop, the market recovered quickly. According to Binance Research, total borrowed and high-risk positions, which briefly fell below 5%, rebounded to 5.77% by October 31, marking a 10% recovery and suggesting that traders remain confident in taking risks. Related Reading: New XRP ETF Just Dropped, But Will Anything Be Different This Time? Bitcoin’s market share rose to 59.4%, indicating that investors rotated toward safer options during the market turbulence. Meanwhile, Ethereum continued to attract institutional buyers, with treasury holdings reaching 5% of total ETH supply, demonstrating sustained confidence in its ability to generate returns. Binance’s BVoL index, which tracks expected price swings in crypto options, peaked at 52, far below the year’s high of 88 in March, indicating that investors did not expect a prolonged crash in Bitcoin and Ethereum prices. The analysis highlights that the October 10 crash acted as a reset of risky positions rather than a price trend reversal. The rebound in Bitcoin and Ethereum prices highlights the market’s resilience; however, the return of high-risk positions means another sharp correction could occur if new macroeconomic shocks arise, leaving prices vulnerable to sudden swings. Featured image from Dall.E, chart from TradingView.com

Coming out of weeks of downtrend, the Ethereum price could be looking to establish the next bottom as it sets up for a campaign toward new all-time highs. This is highlighted by crypto analyst MMBTtrader, who explained that the Ethereum price crash could be coming to an end. This is evidenced by a number of formations on the Ethereum price chart that suggest where the next lift-off might begin. Ethereum Price Is Testing The Next Major Support In an analysis shared on the TradingView website, the crypto analyst explained that the Ethereum price is now testing the next crucial technical level. The importance of this level comes with a 50% retracement of the Fibonacci sequence. Thus, it means that the Ethereum price is seeing major support at this level. Related Reading: Why The Bitcoin Price Crash Is Important If Wave 5 Corrects To $94,000 This support lies just above the $3,200 level, which the Ethereum price had managed to maintain through the market crash. This puts the critical level at the 0.5 Fibonacci support, which currently serves as the next make-or-break level for the cryptocurrency. If the Ethereum price is able to bounce off from here, then it could trigger the next wave of recoveries for the cryptocurrency. Not only that, it would be the signal that the bottom is finally in and the crash is over. The analyst further explains that this could lead to “a high-probability setup for a resumption of the primary bullish trend.” Such a breakout would lead to a rather strong bullish move for the digital asset, and the target from here would be a brand new all-time high. The first target from here would be $5,500 as bulls push the price higher. “This target is derived from the magnitude of the prior uptrend and represents a key resistance zone on the higher timeframes,” the analyst explained. The Bearish Side Of The Coin The 0.5 Fibonacci level, as explained above, is a make-or-break level. This means that whichever direction the Ethereum price takes after hitting this level could determine where the cryptocurrency is headed next. With the bullish side already explored, there is still the possibility that Ethereum fails to establish support and a bottom. Related Reading: BlackRock Exec Drops Trillion-Dollar Revelation At Ripple Swell, But Is XRP Ready? In the event of the Ethereum price actually breaking below this crucial level, then it would confirm the bearish pressure that has plagued the market. The analyst highlights on the chart that if the support breaks, then Ethereum could dump further below $3,000, with the major support lying just above $2,400. Such a decline would mean an over 30% crash for Ethereum, on top of the already struggling price. Therefore, it is imperative that bulls hold above $3,200 to prevent further decline. Featured image created with Dall.E, chart from Tradingview.com

Swiss banking giant UBS has taken a major step toward institutional blockchain by completing its first live tokenized fund transaction on the Ethereum network, a landmark demonstration of blockchain’s real-world utility. By bringing fund operations into blockchain rails, UBS demonstrates how tokenization can eliminate settlement friction, improve transparency, and expand access to digital asset markets. How Institutional Adoption Of Ethereum Is Accelerating In the echelons of global finance and true innovation, UBS, the legendary Swiss banking giant, has announced the completion of the first live tokenized fund transaction on the Ethereum blockchain. According to CryptoGucci’s post on X, UBS has achieved the first on-chain redemption of a tokenized fund using Chainlink’s Digital Transfer Agent (DTA). This agreement marks a milestone in blockchain infrastructure for the $100 trillion fund industry. Related Reading: Ethereum Demand Climbs As Monthly Transactions Hit New All-Time High The transaction involved the tokenized UBS USD Money Market Investment Fund Token (uMINT) on the ETH blockchain. This achievement is engineered to drive unprecedented operational efficiencies and unlock new possibilities for product composability within the traditionally rigid fund industry. Meanwhile, UBS’s proprietary tokenization platform is leading this charge, a platform designed to automate key functions. As articulated by Mike Dargan, UBS Chief Operating Officer and Technology Officer, this transaction represents a key milestone in how smart contract-based technologies and advanced technical standards are poised to enhance fund operations and the investor experience. Ethereum is entering a new era of a super-cycle, where the current price of ETH does not reflect the monumental improvements in its fundamental infrastructure over the past several months. A full-time stock investor and trader, known as StockTrader_Max, has noted that the current situation won’t last much longer, due to the 8-year historical chart of ETH. It also shows that the ETH uptrend over the past 5 years has been in a consolidation phase that’s likely nearing its end. However, this breakout won’t emerge before the end of 2025. Those traders and investors who are patient will benefit exponentially from the super-cycle that is inevitably approaching. This breakout will occur as Wall Street and the broader financial industry adopt the blockchain space and start building on ETH. The Repo Market Just Flashed A Signal Co-founder of weRate_Official, Host of CoinCompassHQ, and bestselling author at Forbes 30U30, Quinten Francois, has revealed that the repo market had just broken. The Federal Reserve just executed an overnight repo operation, injecting a staggering $29.4 billion into the banking system, which is the biggest since the chaos of 2020. Related Reading: Ethereum Emerges As The Sole Trillion-Dollar Institutional Store Of Value — Here’s Why In 2019, this exact scenario triggered an emergency liquidity injection of $255 billion, followed by $6 trillion in Quantitative Easing (QE) after the COVID pandemic conveniently appeared. “Ignore the noise, because this is how every major liquidity cycle begins,” Francois mentioned. Featured image from iStock, chart from Tradingview.com

On Tuesday, the Ethereum price fell by 8%, following the overall correction in the cryptocurrency market and even outperforming Bitcoin’s (BTC) dip. This has sparked concerns as ETH nears important support levels, putting its $3,000 mark at danger. October Events Lead To Significant Corrections Ram Ahluwalia, the chief investment officer at Lumida Wealth, recently noted that the roots of this latest crypto sell-off can be traced back to the Federal Reserve’s (Fed) October meeting.  Related Reading: Bitcoin Price Falls Under $100,000: Elliott Wave Analysis Forecasts Decline To $70,000 On October 29, the central bank announced its second interest-rate cut of the year. However, during the subsequent press conference, Fed Chair Jerome Powell expressed uncertainty about the possibility of another reduction in December.  According to Ahluwalia’s analysis, this has been detrimental to Bitcoin and the overall crypto market, as lower interest rates typically bolster speculative assets like cryptocurrencies. Adding to the ongoing Ethereum price correction, mid-October saw US President Donald Trump announce new tariffs on China due to its restrictions on rare earth exports. This announcement triggered a flight of investors from cryptocurrencies to safer assets such as gold.  Ethereum Price Under Pressure From a technical perspective, analysts at The Birb Nest have highlighted key levels to watch. On social media platform X (formerly Twitter), they noted that the Ethereum price broke below a critical weekly support level, which they interpret as a major deviation until price action proves otherwise.  They highlighted that a breakdown below the altcoin’s yearly open of $3,337 might push the Ethereum price to $2,800. For a positive reversal, they believe ETH must retake $4,000 and close above this level on a weekly basis. Related Reading: Caution In The Crypto Market: Expert Warns Of Bearish Phase Unfolding This November Additionally, the ETH/BTC pairing is under scrutiny, with prices trading below the yearly open at 0.0355. To target a rise towards 0.04, reclaiming this level is essential. Until then, analysts are watching for potential retests around 0.0325–0.03. However, some experts, such as Ali Martinez, caution against overly optimistic projections. He warns of a worst-case scenario in which the Ethereum price fails to reclaim the $4,000 mark, and potentially drops to as low as $2,400 or even $1,700. A decline of this magnitude would mean an additional 45% increase for ETH, which could also lead to a deeper correction in the broader altcoin market.  As of this writing, ETH is trading at $3,100. This represents a significant gap of 32% between the current trading prices and the all-time highs, which could not be re-tested before the end of the year unless a new recovery occurs before the weekly close.  Featured image from DALL-E, chart from TradingView.com

The cryptocurrency market has been struck by another wave of red candles, plunging 4.1% in the past 24 hours. Bitcoin, Ethereum, and Dogecoin have all suffered notable declines, with all large market-cap cryptocurrencies falling below support levels that held last week.  The downturn gained momentum after claims surfaced on X suggesting that Wintermute, one of the industry’s largest market makers, was preparing to sue Binance over alleged issues linked to the October 10 crash. Rumors Of A Lawsuit Against Binance Add To Anxiety Market unease deepened after rumors circulated on X claiming that Wintermute, one of the industry’s leading market makers, was preparing to sue Binance over losses incurred during the October 10 crash. The speculation began when a user known as WhalePump Reborn claimed that Wintermute had lost hundreds of millions and was preparing legal action, describing the situation as “not going to be pretty.” Related Reading: XRP Price At $10,000-$50,000 Is Nonsense: Analyst Bashes Calls For Bitcoin-Like Prices This was followed by another detailed post from a popular X account known as StarPlatinum, which addressed rumors that Wintermute was pursuing legal action against Binance over what it called unfair ADL executions during the massive liquidation event in early October.  As noted by the post, Binance’s system overload during the crash led to automatic deleveraging (ADL) at extreme price points, causing an estimated $19 billion to $20 billion in liquidations in just 24 hours, the largest single-day wipeout in crypto history. Notably, Wintermute’s portfolio across Ethereum, Arbitrum, and Solana fell by about $65 million following the crash, though no on-chain patterns indicated forced liquidations or large withdrawals. Binance, for its part, had acknowledged system overloads at the time but denied any preferential treatment or technical fault that could have led to any unfair losses. Wintermute Founder Refutes Claims Of Lawsuit As panic spread through the market, Wintermute’s founder, Evgeny Gaevoy, took to X to dispel the rumors entirely. Quoting an earlier post from October 11, Gaevoy reiterated that Wintermute had never planned to sue Binance and saw no reason to do so in the future.  “We never had plans to sue Binance, nor see any reason to do it in future,” Gaevoy said on X. “I should probably ask to make a note of all the people spreading baseless rumors, but most of people believing these have goldfish memory capacity, so I wont,” he added. He also described the circulating claims as complete bullshit in a direct response to the WhalePump Reborn post.  Related Reading: Analyst Predicts The ‘Unthinkable’ For XRP – Here’s What It Is The Wintermute rumors are part of various factors that are causing the price of cryptocurrencies to crash. Another factor could be the Fed Chair Jerome Powell hinting that the central bank may not pursue additional rate cuts anytime soon. Adding to the selling pressure were outflows from spot Bitcoin ETFs. According to data from Farside Investors, Spot Bitcoin ETFs started November with outflows on Monday, bringing the trend to four consecutive days of outflows. At the time of writing, Bitcoin is trading at $104,502, down by 2.8% in the past 24 hours. Ethereum is trading at $3,490, down 6.0% in 24 hours. Dogecoin is trading at $0.1618, down 6.8% in 24 hours. Featured image created with Dall.E, chart from Tradingview.com

The recent Ethereum price rejection that pushed it back below the $4,000 level has created a concerning trend that could send the price spiraling. The major point of interest lies at the 0.618 Fibonacci retracement level, where the last rejection occurred. Given this, it is likely that the Ethereum price could see more declines in the coming days, although there is still the possibility of the bulls taking over and invalidating the entire bearish setup. Ethereum Price Is Showing A Lot Of Weakness The rejection from the 0.618 Fibonacci retracement level marked the start of the decline from the $4,200 level during the last recovery. This rejection resulted in the formation of a lower high on the 4-hour timeframe, and historically, such lower high formations mean that there is more selling pressure piling up for the digital asset. Related Reading: Dogecoin Price Breakdown Is Nothing To Worry About? This Long Term Structure Points Above $1 As the bullish momentum looks to be fading, it puts the Ethereum price in a precarious position. Crypto analyst The Alchemist Trader explains that the rejection had come with increased bearish volume as investors offloaded their holdings on the market, putting bears in charge once again. Following this development, the Ethereum price has continued to struggle around $3,900, where the next local support lies. The cryptocurrency has maintained a tentative hold at best on this local support, suggesting that the bulls could indeed be losing ground at this level. If this corrective phase continues, then the Ethereum price decline is far from over. The current local weakness has put a strain on the support, and if $3,900 fails completely, the next major support lies below $3,400, more specifically at $3,385. This will serve as the next stronghold for the bulls to make their move. “From a structural perspective, Ethereum’s inability to sustain momentum signals growing bearish pressure across lower timeframes,” the crypto analyst explained. The Case For ETH Bulls Despite the mounting bearish pressure, there is still the possibility that the Ethereum price could break out of this downtrend. Just like with the bearish case, the key lies at the $3,900 support and how well it holds. Related Reading: Wave 3 Target Suggests That The XRP Price Is Headed For $10 In the case that bulls are able to reclaim and hold this support with momentum, then it could invalidate the bearish setup that has emerged. In this case, the crypto analyst believes that the Ethereum price could resume its uptrend above the 0.618 Fibonacci retracement level. Featured image from Dall.E, chart from Tradingview.com