The October AWS outage took down some of crypto’s most prominent companies and networks. Many in the community pointed out their lack of decentralization.
The Ethereum Foundation (EF) has transferred over $650 million worth of ETH to a wallet previously used for selling. According to on-chain data analysis from Arkham Intelligence, the EF sent 160k ETH to a wallet that was previously used to deposit coins to crypto exchanges for selling. According to Arkham Intelligence, the EF wallet that …
In a market update on Oct. 10, technical analyst Nik Patel (@OstiumLabs) argued that Ethereum is approaching a make-or-break zone where the next few sessions could define whether the advance resumes or a deeper unwind unfolds. With spot ETH quoted around $4,000, Patel anchored his thesis to a tight cluster of reclaim and invalidation levels on both ETH/USD and ETH/BTC, emphasizing that lower-timeframe behavior must align with higher-timeframe structure to keep the bullish path open. Key Price Levels For Ethereum Now On the weekly ETH/USD chart, Patel said the market “wicked lower into the August open last week but held above the previous weekly low and trendline support,” resulting in an inside week that nevertheless closed “marginally below that major pivot.” The pivot is explicit: “We want to see this pivot at $4,093 reclaimed immediately and not flipped into resistance here on the lower timeframes, or else we could expect another flush of the lows towards that 2025 open.” Related Reading: Ethereum Death Cross That Last Preceded A 60% Drop Just Returned If buyers do force the reclaim, Patel expects last week’s action to stand as a quarterly low: “If we do reclaim $4,093 here, which is what I expect, we should have our quarterly low now in and I would want to see $4,400 flipped into support for the move higher into all-time highs and beyond.” He framed the weekly invalidation at $3,700, warning that a close below would put the yearly open on watch as “last-stand support” for the bullish structure; failure there risks “a much bigger unwind back into $2,850.” Patel’s base case remained constructive: “acceptance back above $4,093 into next week and then a close above $4,400 for October, leading to new highs through $5,000 in early November and a very strong month for ETH.” The daily ETH/USD read connects that high-timeframe blueprint to momentum and market structure. Patel noted “momentum exhaustion into the lows” followed by a higher-low last week, a formation that now must be defended. He wants to see the sequence reassert itself with a drive above the mid-range and a subsequent higher-low above the weekly pivot: “we absolutely want to see this structure now protected and price to form a higher-high above the mid-range at $4,352 and then another higher-low above $4,093 before a breakout higher and a push towards fresh highs.” For confirmation of an impulsive leg, he flagged a trendline break, a flip of the ATH-anchored VWAP into support, and an RSI regime shift: “If we get a trendline breakout and price flips that ATH VWAP into support with daily RSI above 50, I’d expect a move into $4,950 very swiftly, followed by price discovery in November.” The daily invalidation mirrors the weekly logic: if $4,093 acts as resistance and the market pushes below $3,700—then closes beneath it—“we’re absolutely retesting the yearly open,” in his view. ETH Vs. BTC Against Bitcoin, Patel contends that the relative pair has likely printed its Q4 low. On the weekly ETH/BTC chart, price was rejected at trendline resistance, then retraced to the yearly open and held, closing “marginally green” while respecting trendline support off the 2025 lows. “It is my view that the Q4 low for the pair has formed here,” he wrote, adding that a retest and break above the descending boundary into early November would set the stage for a measured expansion: “acceptance above 0.0417 opens up the next leg higher into 0.055.” He placed weekly invalidation at 0.0319. Related Reading: Ethereum Kimchi Premium Spikes To New High — Sign Of Impending Sell-Off? The daily ETH/BTC map refines those signals into actionable levels. Price “marked out that low between 0.0319 and the yearly open before bouncing hard and reclaiming 0.036 as support.” Ideally, 0.036 now acts as a springboard; if not, Patel allows for a higher-low “above the 0.0319 level before continuation higher.” The tactical tell would be a flip of nearby supply: “If we can flip 0.0379 as reclaimed support here, that would be promising for the view that a trendline breakout is imminent, following which I would expect 0.0417 to be taken out and price to head higher, with minor resistance above that at 0.049 before 0.055.” He also identified a confluence band below: “We have a confluence of support between 0.0293 and 0.0319, so flipping that range into resistance would be very bearish ETH/BTC.” Taken together, Patel’s Oct. 10 blueprint hinges on three synchronizations: ETH/USD must swiftly reclaim and defend $4,093; $4,400 must convert from ceiling to floor to clear the runway toward prior highs and a potential $4,950 extension; and ETH/BTC should drive through 0.0379 and then 0.0417 to confirm relative-strength breadth beneath any dollar-denominated breakout. The downside is equally crisp: failure to reclaim $4,093, a weekly close below $3,700, and a subsequent loss of the yearly open would validate the risk that, in Patel’s words, Ethereum could “unwind back into $2,850.” At press time, ETH traded at $3,872. Featured image created with DALL.E, chart from TradingView.com
The crypto market, led by Bitcoin (BTC) and Ethereum (ETH), is on the rise. The total crypto market cap edged 2.17% higher on Tuesday, October 21, during the mid-North America session, to hover about $3.83 trillion at press time. Bitcoin Leads the Crypto Pump According to Coinpedia’s market data, Bitcoin price gained around 3% to …
Aave currently serves nearly 1,000 unique borrowers daily, facilitating approximately $25 billion in outstanding loans on Ethereum.
The Nasdaq-listed firm made its first ether purchase since August as the crypto correction weighs on digital asset treasuries.
Coming out of the weekend, the Ethereum price has seen a rise in its bullish momentum. While it is still in its early stages, there is the possibility that the bulls are able to hold this momentum for a reasonable amount of time, thereby pushing sentiment straight into the positive once again. If this happens, then it carries some implications for the Ethereum price and could trigger the next wave of rallies for the cryptocurrency. Ethereum Price Eyes Next Breakout Speaking on the recent bullish momentum that the Ethereum price has enjoyed, crypto analyst Klejdi Muni revealed that this was a direct result of the formation of a bullish flag pattern on the chart. Not only did the Ethereum price complete this bullish formation, but it was also able to break above the flag, something that is very bullish for the cryptocurrency. Related Reading: Bitcoin Holding Above Gaussian Channel, Bull Market Structure Still Intact The initial breakout above the $4,000 resistance shows that bulls are picking up momentum, and the only hurdle now is to keep this momentum going. If the momentum is sustained, then the next target for the Ethereum price to beat would be at the $4,285 level. Once this level is broken, then it is only a matter of time before Ethereum rallies in what could be another campaign for new all-time highs. On the flip side of this, though, is the possibility that bears would be able to drag the price back downward. This would happen if the support at $3,900 were to be broken. Such a move could invalidate the entire bullish thesis, especially if they are able to stop the current bullish momentum in its tracks. Thus, Ethereum bulls must keep the price above the $3,900 support if they want to maintain the current trajectory. Bullishness Is The Order Of The Day Another crypto analyst, Linofx1, has also echoed the bullish sentiments surrounding the Ethereum price. In their own analysis, Lino expressed that the Ethereum price was now bullish after testing a significant daily support level above $3,800. Related Reading: XRP Wallets Holding Over 10,000 Tokens Hit Record High Amid Price Recovery With this, there was the formation of an Inverted Head and Shoulders pattern, which is ultimately bullish for any digital asset. The price was able to complete a breakout from the neckline, rising to the top before encountering some resistance. This, the analyst explains, shows that there has been a local change of character from bearish to bullish. From here, the analyst highlights that the next level that needs to be broken is the $4,300 level. This is eerily close to Muni’s $4,285 resistance that holds the key to the next breakout. Featured image created with Dall.E, chart from Tradingview.com
Péter Szilágyi, a former EF core developer, sparked debate by publishing a critical letter he sent to EF leadership last year.
Ethereum is once again in the spotlight this time for both praise and controversy. While co-founder Vitalik Buterin applauded Polygon and its co-founder Sandeep Nailwal for their remarkable contributions to the Ethereum ecosystem, Ethereum core developer Péter Szilágyi criticized the network’s internal governance, accusing the Ethereum Foundation of being overly centralized. These opposing perspectives underscore …
Ethereum price started a recovery wave above $3,950. ETH failed to clear $4,050 and recently started a fresh decline below $4,000. Ethereum started a fresh recovery above $3,880 and $3,980. The price is trading below $3,950 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $3,960 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it trades below $3,840. Ethereum Price Fails Again Ethereum price started a decent recovery wave above the $3,800 resistance, like Bitcoin. ETH price surpassed the $3,880 and $3,980 levels to enter a short-term positive zone. The price even cleared the 50% Fib retracement level of the downward move from the $4,292 swing high to the $3,677 low. However, the bears remained active near the $4,080 resistance zone and prevented an upside continuation. The price failed to settle above the 61.8% Fib retracement level of the downward move from the $4,292 swing high to the $3,677 low. There was a fresh decline below $4,000. Besides, there was a break below a bullish trend line with support at $3,960 on the hourly chart of ETH/USD. Ethereum price is now trading below $3,960 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $3,980 level. The next key resistance is near the $4,050 level. The first major resistance is near the $4,080 level. A clear move above the $4,080 resistance might send the price toward the $4,120 resistance. An upside break above the $4,120 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,220 resistance zone or even $4,250 in the near term. Downside Break In ETH? If Ethereum fails to clear the $3,980 resistance, it could start a fresh decline. Initial support on the downside is near the $3,860 level. The first major support sits near the $3,840 zone. A clear move below the $3,840 support might push the price toward the $3,820 support. Any more losses might send the price toward the $3,680 region in the near term. The next key support sits at $3,620. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,840 Major Resistance Level – $4,050
Centralized governance in Ethereum may hinder decentralization goals, risking protocol capture and diminishing developer engagement and innovation.
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On-chain data shows the Ethereum MVRV Ratio has just given a signal that last took the cryptocurrency’s price from $3,300 to $1,400. Ethereum MVRV Ratio Has Formed A Death Cross In a new post on X, analyst Ali Martinez has talked about a signal that has appeared for Ethereum in the Market Value to Realized Value (MVRV) Ratio. This on-chain indicator measures the ratio between the ETH Market Cap and Realized Cap. Related Reading: Bitcoin Crashes To $105,000, Sentiment Sinks Into Extreme Fear The Realized Cap here is a capitalization model for the cryptocurrency that calculates its total value by assuming the ‘real’ value of each token in circulation is equal to the price at which it was last transacted on the blockchain. Since the last transaction of any token is likely to represent the last time it changed hands, the price at its time would denote its current cost basis. As such, the Realized Cap is a measure of the total cost basis of the ETH circulating supply. In other words, the model represents the amount of capital the investors as a whole have put into the asset. The Market Cap, on the other hand, signifies the value that the investors are carrying in the present. Thus, its comparison with the Realized Cap in the MVRV Ratio tells us about the profit-loss situation of the holders. When the value of the indicator is greater than 1, it means the investors are holding more value than they put in. On the other hand, it being under the cutoff suggests the overall market is underwater. Now, here is the chart shared by Martinez that shows the trend in the Ethereum MVRV Ratio and its 160-day moving average (MA) over the past year: As displayed in the above graph, the Ethereum MVRV Ratio has witnessed a decline recently as ETH’s price has gone down, implying holder profitability has been dropping. With the latest drawdown, the indicator’s daily value has plunged below the 160-day MA. In the chart, Martinez has highlighted the previous instances of this crossover taking place. It would appear that the MVRV Ratio’s fall under this line in February led into a significant decrease in the ETH price from $3,300 to $1,400, a swing of almost 60%. Other instances of the crossover, however, didn’t mean much for Ethereum. It should be noted, though, that in these instances, including the one from earlier in the month, the metric was swift to recover back above the line, essentially canceling out the death cross. Related Reading: Next Dogecoin Stop Could Be $0.33 If This Level Holds, Analyst Says It now remains to be seen whether the latest break below the line is going to be a sustainable one like in February, or if it will be another quick dip. ETH Price At the time of writing, Ethereum is floating around $4,000, down 2% over the last week. Featured image from Dall-E, Glassnode.com, chart from TradingView
The Ethereum network was built to democratize a finance platform where anyone, anywhere, could deploy code and create value. With no centralized oversight, ETH has become a stage where builders and grifters coexist, each leveraging the same tools of decentralization to vastly different ends. Can Ethereum Evolve Beyond Its Culture Of Exploitation? Ethereum has always been more than just a cryptocurrency. It’s a programmable, open finance framework that allows anyone to build and exploit ETH. According to AdrianoFeria’s post on X, this openness has enabled innovation and also allowed countless grifters to accumulate vast amounts of ETH by selling low-quality tokens and NFTs to retail investors. Related Reading: Ethereum Has A Fundamental Problem, Warns Cyberpunk Nick Szabo The mechanism of extraction was simple yet profound, so that retail investors, ironically seeking to gain more ETH exposure through higher beta plays, ended up parting with the very asset they sought to accumulate. These grifters effectively extracted ETH that might have otherwise remained in the hands of long-term holders. However, one of the earliest and most glaring examples was EOS. At its peak, it held about 7.2 million ETH, which is roughly 6% of the total supply, marking the largest single treasury in existence. A subsequent wave of Initial Coin Offering (ICO) and NFTs is believed to have extracted more ETH from the hands of long-term retail holders. This continuous speculative excess transferred wealth, creating selling pressure that ultimately slowed down ETH’s long-term appreciation. Furthermore, Adriano Feria asserts that ETH has finally moved beyond that phase and will be reflected in price action (PA) with steadier growth and much stronger relative strength during market corrections. Institutions are actively embracing ETH, and even hardcore BTC maximalists have been forced to acknowledge ETH’s technological strengths and the undeniable institutional traction it has attracted. These expectations are for a boring supercycle, and with crypto commentators (CT folks) still trying to call the top. Still, this very stability and institutional foundation is precisely what the ETH supercycle is meant to look like. Why Ethereum Legacy Belongs To Everyone A digital artist, ArtvisionNFT, from Ukraine, who specializes in NFTs, has revealed that in the fast-moving world of blockchain, history is at risk of being forgotten. As a result, the Covalent_HQ Ethereum Wayback Machine (EWM) was built to ensure the full history remains intact and accessible to everyone, anywhere, to access the verified blockchain data. Related Reading: Ethereum On-Chain Bloodbath: Rugs And Scams Erode Retail Confidence, What To Know However, EWM acts as a digital time capture, collecting, verifying, and storing old block using a decentralized system. Those process ensures that developers can use EWM to audit smart contracts, build analytics, and trace blockchain activity. EWM protects the transparency, accountability, and innovation in the broader Web3 ecosystem. At its core, Covalent_HQ’s mission is to make sure ETH’s story is never lost. Featured image from Getty Images, chart from Tradingview.com
Bitcoin and Ethereum rose after US President Donald Trump confirmed a meeting with China’s leader during the APEC summit on October 31. Based on reports, Bitcoin climbed nearly 4% while Ethereum gained about 5% and traded around $4,030. The whole market added roughly $100 billion in value in a short window, according to market watchers. Related Reading: $3M In Stolen XRP Tracked — But Victim May Never See It Again: Investigator Insider Whale Bets And Mixed Positions Reports have disclosed that an insider whale opened $255 million in long positions across Bitcoin and Ethereum. At the same time, the same trader put on a $76 million short on Bitcoin with 10x leverage. The moves look like a bet on swings in price rather than a single directional stake. Observers note the trader has a history of large, well-timed trades, including a prior $730 million short that paid off. There is no clear public ID for this whale, and the motives are being examined by analysts. Insider Bitcoin whale is back. He just opened a $76,195,977 $BTC short position with 10x leverage. Does he know something? pic.twitter.com/K4ldvQE1TN — Ted (@TedPillows) October 19, 2025 Political Shift Sends Prices Higher Based on reports, comments by US President Donald Trump helped calm markets. He reportedly said “it will all be fine” when speaking about China’s economy, and the tone toward Beijing softened after a week where he had announced a 100% tariff on Chinese goods. That tariff claim had sparked a big sell-off across traditional and crypto markets just days earlier. Market players reacted quickly to the latest signals of a thaw, viewing the upcoming meeting as a chance for reduced tension. ????BREAKING AN INSIDER WITH A 100% WIN RATE JUST OPENED $BTC AND $ETH LONGS WORTH $255 MILLION HE DEFINITELY KNOWS SOMETHING ???? pic.twitter.com/hwAkXPzBwW — Wimar.X (@DefiWimar) October 19, 2025 On-Chain Activity And Institutional Moves According to on-chain data and exchange records, large-scale activity continued across spot markets. BitMine was reported to have picked up about $1.5 billion worth of Ether, a move that market participants say shows faith in Ethereum’s long-term outlook. Meanwhile, El Salvador quietly added eight BTC to its reserves, bringing its total holdings to 6,355.18 BTC. Exchange Flows Show Withdrawals Based on exchange records, major centralized platforms recorded a net outflow of roughly 21,000 BTC over the past week. Coinbase Pro and Binance were named among those with the biggest withdrawals, showing about 15,000 BTC and 12,000 BTC moved off exchanges, respectively. Traders interpret such flows in different ways: some see accumulation into private wallets, others see funds repositioned by large traders. Related Reading: Biggest Shiba Inu Burn In Months — And It Came From A Coinbase Account The Implications Of This Moving Forward Reports indicate that the market is reacting to both political signals and positions being adjusted by big hands. If the rhetoric between the US and China continues to show friendly signals, prices may push higher and retest monthly highs. But the presence of a sizeable short position alongside large long positions suggests that volatility will stay. Presently, data points are being watched closely and traders are establishing balances between advancing positions and hedging. Featured image from Gemini, chart from TradingView
A rare signal from a legendary market analyst has caught traders’ attention as the Ethereum and Solana price begins to show potential reversal signs. With the broader crypto market still in a slump, a subtle alert from the inventor of one of the most respected technical indicators has analysts wondering whether a major shift is about to unfold in ETH and SOL. Bollinger Inventor Signals Ethereum And Solana Price Explosion John Bollinger, technical analyst and inventor of the world-famous Bollinger Bands indicator, has shocked the broader crypto community after identifying potential “W” bottoms forming on the Ethereum and Solana charts. In his market commentary on X social media, Bollinger noted that while Bitcoin has yet to exhibit similar signals, the ETHUSD and SOLUSD pairs are shaping up in a way that demands attention. Related Reading: Ethereum Price Could Surge To $6,400 With New Bullish Wave, But There’s A Problem Notably, Bollinger’s cautious but bullish statement immediately drew attention from fellow market analysts. Satoshi Flipper, a well-known crypto expert, revealed that Bollinger typically makes only one such market call each year and has not issued one for Ethereum in three years. He disclosed that the last time the Bollinger Bands inventor made a similar statement was in September 2022, just before the ETH price surged from around $1,290 to nearly $4,000. Due to Bollinger’s selective and historically accurate calls, analysts see it as an early sign of a potential reversal of a downtrend or consolidation into an explosive breakout. If the inventors’ analysis proves accurate once again, both Ethereum and Solana could be sitting at the foundation of one of their strongest bull rallies Analysts Predict Bullish Targets For ETH And SOL Two separate technical analyses also highlight an optimistic outlook for the Ethereum and Solana prices. Crypto analyst Lark Davis highlighted that Solana’s chart structure appears “very constructive,” with the Relative Strength Index (RSI) approaching a momentum breakout and the Moving Average Convergence Divergence (MACD) gearing up for a bullish cross. Related Reading: Solana Price At Risk Of 50% Crash To $104 After Forming This Larger Bearish Trend Davis noted that Solana’s price action is forming a clear Double Bottom, a classic reversal pattern. Should the neckline break, he projects a potential price target near $250, provided bulls can defend the 200-day EMA. With Solana trading around $192, a rally to that target would mark roughly a 30% gain. Ethereum’s technical outlook is even more dramatic. Analyst Merlijn the Trader stated on X that ETH has been developing the most explosive setup since the 2017 bull cycle, pointing to a textbook Bullish Pennant pattern on the monthly chart. Historically, such formations precede massive continuation once the price breaks above the upper boundary of the pattern. Merlijn’s chart analysis projects an eventual breakout target around $8,500, suggesting that Ethereum could set a new all-time high soon. Considering that the ETH price is sitting above $4,000, a surge to this bullish target would more than double its value, marking an impressive 110% increase. Featured image from Getty Images, chart from Tradingview.com
Ethereum (ETH) price has been attempting to rally beyond $4k without success in the past few days. However, the large-cap altcoin, with a fully diluted valuation of about $480 billion, has been retesting a crucial support level around $3.9k, which previously acted as a resistance for the last three years. Why Is Ethereum Price Bullish …
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
CoinDesk sat down with Monad Foundation’s Head of Growth Kevin McCordic to talk about the architecture behind the blockchain.
The digital asset treasury bubble might have burst, as chairman Thomas Lee said, but the firm added over $1.6 billion worth of ETH during the crypto correction.
BitMine's significant Ethereum holdings could influence market dynamics and corporate crypto adoption, highlighting strategic asset accumulation.
The post Tom Lee’s BitMine reports over $13B in crypto and cash holdings, now controls 2.7% of Ethereum supply appeared first on Crypto Briefing.
Stablecoins are growing alongside crypto, lifting Ethereum while new networks loom and the dollar stays dominant.
Bitcoin was the primary focus, while investors saw Ethereum price weakness as a buying opportunity, Head of Research James Butterfill said.
Bitcoin and Ethereum staged a strong rebound this week as fresh capital returned to crypto markets following the US–China tariff shock. Bitcoin surged past $110,000 for the first time since early October, reaching roughly $111,000 as of press time, according to CryptoSlate data. The move marks a 4% daily gain and reverses some of the […]
The post Bitcoin surges above $110k, Ethereum rises over $4k amid renewed ‘buy the dip’ fervor appeared first on CryptoSlate.
The Financial Conduct Authority, the UK's financial regulator, officially lifted a four-year retail ban on crypto ETNs earlier this month.
John Bollinger, the inventor of Bollinger Bands and a figure whose occasional crypto market calls carry outsized weight, says Ethereum and Solana are tracing potential “W” bottoms—while Bitcoin is not. In a post on X on October 18, Bollinger wrote: “Potential ‘W’ bottoms in Bollinger Band terms in ETHUSD and SOLUSD, but not in BTCUSD. Gonna be time to pay attention soon I think.” Potential ‘W’ bottoms in Bollinger Band terms in $ETHUSD and $SOLUSD, but not in $BTCUSD. Gonna be time to pay attention soon I think. — John Bollinger (@bbands) October 18, 2025 Ethereum And Solana Price: What To Watch Now The emphasis on “Bollinger Band terms” is doing heavy lifting here. In classic Bollinger taxonomy, a W bottom is a two-trough reversal with the second low holding above the first, often accompanied by a volatility signature that includes a prior band expansion, subsequent contraction, and a failure to register a lower low at the bands on the second leg. Related Reading: Ethereum Kimchi Premium Spikes To New High — Sign Of Impending Sell-Off? The more robust versions see the second low forming inside the bands or with a positive divergence against the lower band, followed by a band “pinch” and a move through the middle band that transitions into an upper-band walk. Bollinger’s phrasing—“potential” and “time to pay attention”—signals that, in his framework, pattern recognition precedes confirmation, and that the validation trigger lies in subsequent price interaction with the middle and upper bands rather than in the raw shape of the price lows alone. The rarity of Bollinger’s crypto commentary layered urgency onto the signal. As crypto trader Satoshi Flipper (@SatoshiFlipper) stressed, “John Bollinger, creator of Bollinger Bands, makes barely 1 crypto call per year and hasn’t made one for ETH in 3 years until yesterday. And each call he makes goes on to mark generational bottoms. He just told us SOL + ETH have bottomed, now imagine fading this legend.” The same account detailed that Bollinger’s last notable Ethereum call dates to September 9, 2022, noting that ETH “went on to pump from $1,290 to $4,000.” That historical reference captures the prevailing market psychology: Bollinger’s infrequent, technically disciplined alerts are perceived by many traders as cycle-defining. Context from earlier this year also helps frame the setup. On April 10, Bollinger publicly flagged a similar structure in Bitcoin, saying: “Classic Bollinger Band W bottom setting up in BTCUSD. Still needs confirmation.” In the exact same week, BTC carved out a bottom at $74,508 and proceeded to log seven straight green weekly candles, advancing roughly 55%. From Bollinger’s call into the first week of October, BTC rallied more than 70%. Related Reading: Ethereum Will Flip Bitcoin, Predicts Tom Lee: Here’s Why And When The market nuance in Bollinger’s latest readout is the explicit exclusion of Bitcoin. If ETHUSD and SOLUSD are printing W-like structures in Bollinger terms while BTCUSD is not, it implies a temporary decoupling in volatility structure and relative strength. In practical terms, a non-confirming Bitcoin can either lag into a later confirmation, remain range-bound in a mid-band churn, or fail its own setup if lower-band interactions persist without recapture of the middle band. For Ethereum and Solana, confirmation would typically look like sustained closes above the 20-period moving average (the Bollinger middle band), followed by a disciplined advance that converts the upper band from resistance into a guide. A healthy W bottom sequence tends not to produce immediate, vertical band overthrows; rather, it builds a stair-step profile with periodic mid-band checks that hold. Failure would involve another lower-band excursion that undercuts the second trough or a volatility bloom that widens the bands without directional follow-through—both signatures of an incomplete base. At press time, ETH traded at $4,037. Featured image created with DALL.E, chart from TradingView.com
On-chain data offered bullish cues to bitcoin.
Ethereum price started a recovery wave above $3,880. ETH is now rising and might aim for more gains if it clears the $4,050 resistance. Ethereum started a fresh recovery above $3,800 and $3,880. The price is trading above $3,920 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $3,940 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it trades above $4,050. Ethereum Price Rises Again Ethereum price struggled to settle above $4,050 and corrected most gains, like Bitcoin. ETH price declined below the $4,000 and $3,800 levels. It even tested the $3,680 zone. A low was formed at $3,677 and the price is now correcting losses. There was a decent move above the 50% Fib retracement level of the recent decline from the $4,292 swing high to the $3,677 low. Besides, there was a break above a key bearish trend line with resistance at $3,940 on the hourly chart of ETH/USD. Ethereum price is now trading above $3,920 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $4,050 level and the 61.8% Fib retracement level of the recent decline from the $4,292 swing high to the $3,677 low. The next key resistance is near the $4,120 level. The first major resistance is near the $4,220 level. A clear move above the $4,220 resistance might send the price toward the $4,320 resistance. An upside break above the $4,320 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,440 resistance zone or even $4,500 in the near term. Another Decline In ETH? If Ethereum fails to clear the $4,050 resistance, it could start a fresh decline. Initial support on the downside is near the $3,940 level. The first major support sits near the $3,880 zone. A clear move below the $3,880 support might push the price toward the $3,820 support. Any more losses might send the price toward the $3,680 region in the near term. The next key support sits at $3,620. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,880 Major Resistance Level – $4,050
I asked crypto VCs what triggered the cascade, what fixes are needed to prevent a repeat, and what comes next.
The price of Ethereum appears to be recovering nicely over the weekend after a period of investor uncertainty. The “king of altcoins”, following what looked like an aggressive return above the $4,200 level earlier this week, is now lagging under the psychological $4,000 mark. While the Ethereum price has been building some positive momentum over the past day, the shadows of the October 10 downturn still seem to be weighing on investor sentiment. A market phenomenon known as the “Kimchi Premium” suggests a few tedious weeks ahead for the second-largest cryptocurrency. What Happened Last Time Kimchi Premium Saw A Similar Surge In a recent post on the social media platform X, market analyst CryptoOnchain revealed that the Kimchi Premium has been on the rise over the past weeks. This observation is based on the movement of the on-chain indicator Korea Premium Index, which measures the price difference between South Korean exchanges and other global exchanges. Related Reading: More Pain Ahead? Bitcoin Trendline Breach Sparks Talk Of Corrective Wave In Play This metric, or the “Kimchi Premium,” shows how much extra Korean traders are willing to pay for a particular cryptocurrency (Ethereum, in this case). When the index is positive, it means that Korean retailers are willing to pay a premium for the crypto assets. Meanwhile, a negative Korean Premium Index signals that the retailers are only willing to buy the cryptocurrency at a discount. According to CryptoOnchain, the Korea Premium Index for Ethereum recently saw a notable surge to around 8.2%, its second-highest level this year. The market analyst noted that this level of Kimchi Premium is a troubling sign, as it historically suggests extreme retail FOMO (Fear of Missing Out) and a potential price top. Typically, whales tend to take advantage of the price gap by selling on Korean exchanges when the Korea Premium Index is on the rise. Due to increased selling pressure, the Ethereum price now faces a greater risk of correction. For instance, the last time ETH saw a Kimchi Premium this high was in January, coinciding with the price fall to around $1,500. With this in mind, investors might want to tread with caution, as the odds of a sustained downward trend are significantly higher. Ethereum Price At A Glance As of this writing, the price of ETH stands at around $3,875, reflecting no significant change in the past 24 hours. In what was expected to be a bullish period for the cryptocurrency market, “Uptober” has not particularly lived up to the expectations of investors. After a positive start to the month, the Ethereum price is currently down by almost 10%. Related Reading: Analyst Predicts XRP Price Will Hit $1,200 With 50,000% Run Driven By These Factors Featured image from DelishGlobe, chart from TradingView
ETH hit fresh highs while bitcoin cooled, as investors chased DeFi, altcoins, and tokenized assets. CoinGecko calls it a defining market shift.