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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 has officially broken below key support levels, and market sentiment is rapidly deteriorating as major assets across the crypto landscape continue to slide. Analysts are increasingly calling for the arrival of a new bear market, noting that both Bitcoin and the leading altcoins have lost critical technical zones that previously held the broader structure together. ETH, now trading at multi-month lows, is feeling the full weight of cascading liquidations, strong sell-side volume, and evaporating investor confidence. Related Reading: Bitcoin OG Owen Gunden Deposits Final 2,499 BTC ($228M) to Kraken – Details Adding to the growing uncertainty, Lookonchain reports a striking development: in just 10 days, more than $61 million in profit has disappeared for a well-known market participant often referred to as the Anti-CZ Whale. This trader previously gained attention for aggressively opening shorts immediately after CZ purchased ASTER — a move that paid off handsomely until the recent violent downturn reversed his fortunes. The Anti-CZ Whale’s Unrealized Profit Collapse Adds Pressure According to Lookonchain, the trader known as the Anti-CZ Whale has taken a massive hit during the latest market downturn — and Ethereum sits at the center of the damage. Just 10 days ago, this whale had accumulated nearly $100 million in total profit on Hyperliquid, largely fueled by aggressive positions built during periods of high volatility. However, as the crypto market sharply corrected, his oversized ETH and XRP longs turned against him. The result has been a brutal drawdown: his total profit has now fallen to just $38.4 million, wiping out more than 60% of gains in less than two weeks. This dramatic reversal reflects more than one trader’s misfortune — it signals the extent of the pressure weighing on Ethereum. As ETH continues to decline and investor sentiment deteriorates, even the most seasoned actors are struggling to navigate the volatility. The whale’s rapid profit erosion highlights how quickly bullish conviction can shift when key support levels fail. For Ethereum, holding the current zone is crucial. Price action has already inflicted significant pain across longs, short-term holders, and leveraged players. If ETH loses this support decisively, the next wave of forced selling could deepen losses and accelerate the broader market capitulation. Related Reading: Bitcoin Mean Reversion Oscillator Prints First Green Oversold Bar in Months – A Classic Bull-Market Bottom Signal ETH Price Analysis: Testing a Major Weekly Support Zone Ethereum has entered a critical phase on the weekly timeframe, with price pulling back sharply toward the $2,680 region — a level that now acts as the last meaningful support before a deeper market breakdown. The chart shows a strong rejection from the $4,500 zone earlier this quarter, followed by a sustained series of lower highs and lower lows, confirming a medium-term downtrend. The 50-week moving average has been lost decisively, and ETH is now sitting directly on top of the 100-week MA, a level that has historically acted as a key pivot during major market corrections. Volume has expanded during the recent drop, highlighting an environment driven by fear and forced selling rather than controlled profit-taking. This aligns with broader market conditions, where liquidity is thin and volatility remains elevated across majors. A clean break below $2,650 would open the door for a retest of the $2,300–$2,400 zone, which served as strong accumulation during previous cycles. Related Reading: Bitcoin Capitulation Deepens Around $90K Level: Classic Late-Stage Fear Structure Emerging However, the weekly chart also shows that ETH is entering a historically oversold area, similar to mid-2022 and late-2023, where reversals eventually formed after weeks of compression. For now, Ethereum must hold above this weekly support to avoid a deeper retrace and preserve the structure needed for a potential recovery. Featured image from ChatGPT, chart from TradingView.com

Tom Lee's company could trap shareholders amid low staking yields, hefty embedded fees and vanishing NAV premium, 10x Research founder Markus Thielen warns.

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

U.S.-listed spot BTC and ETH ETFs see record outflows.

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

The upgrade marks a sharper strategic turn for the blockchain, aligning protocol development with economic intent and strengthening the case for ether.

The action comes just a couple of weeks after fellow ETH treasury firm ETHZilla sold $40 million of tokens to fund its own share buybacks.

Aztec Network launched its Ignition Chain, becoming the first fully decentralized Layer 2 protocol on Ethereum's mainnet.

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 is trading around key demand levels as fear and uncertainty grip the broader crypto market. The second-largest cryptocurrency by market capitalization has struggled to regain bullish momentum, currently hovering near $3,150 after weeks of consistent selling pressure. However, new on-chain data from CryptoQuant reveals that Ethereum might be nearing a crucial accumulation zone — one historically associated with long-term holder activity and market bottoms. Related Reading: Massive Bitcoin Bid Walls Spotted On Binance: Bulls Step In With 2,800 BTC Cluster According to the report, the ETH price is now just 8% away from touching the Accumulation Addresses Realized Price level at $2,895. This metric represents the average cost basis of long-term investors who have been steadily stacking ETH during previous market cycles. A move toward this level could signal the final stages of the ongoing correction, potentially attracting renewed interest from strategic buyers looking for value entries. Historically, similar declines toward the realized price of accumulation addresses have acted as strong support zones, leading to price stabilization and subsequent recoveries. While short-term sentiment remains fearful, the proximity to this key level suggests that Ethereum could soon reach a point where long-term investors begin accumulating once again — setting the stage for a potential market rebound. Long-Term Holders Stay Unshaken According to CryptoQuant analyst Burak Kesmeci, the $2,895 level represents the average cost basis of long-term Ethereum accumulators — investors who have been “patiently stacking” through multiple market cycles. This group tends to buy during periods of maximum fear, forming a stable foundation for future rallies. Historically, Ethereum has only dipped below this key level once, during the April 2025 Trump tax-tariff crisis, when global markets faced extreme uncertainty. The Global Economic Policy Uncertainty Index (GEPUCURRENT) surged to 629 points, surpassing even the COVID-19 pandemic peak by 50%. Despite the widespread panic, long-term holders continued to accumulate aggressively rather than sell. In fact, 2025 saw around 17 million ETH flow into accumulation addresses, raising the total balance held by these wallets from 10 million to over 27 million ETH. This trend highlights the conviction of Ethereum’s strongest investors, who have repeatedly viewed fear-driven sell-offs as opportunities. If Ethereum were to decline another 8%, it would reach this cost basis once again. Historically, this level has acted as one of the strongest long-term accumulation zones, signaling value and resilience. As Kesmeci notes, even if ETH briefly dips below $2,900, it’s unlikely to remain there for long. Related Reading: Ethereum Whale Expands Position By 36,437 ETH – Bringing Total To $1.34B Ethereum Holds Above Key Support as Market Tests Long-Term Confidence Ethereum’s weekly chart shows that the asset is holding above a key structural support zone near $3,000, after several weeks of downside pressure. The price briefly dipped below this level last week but recovered quickly, forming a potential short-term base around the 200-week moving average — a historically significant line that has supported major bottoms in past cycles. Currently trading around $3,190, ETH is attempting to maintain stability within this critical range. The 50-week moving average remains slightly above at $3,500, serving as immediate resistance. A break above that level would be an early signal of renewed bullish momentum, while losing $3,000 could trigger a deeper correction toward $2,800–$2,900, which aligns closely with the Accumulation Realized Price highlighted by CryptoQuant analysts. Related Reading: Bitcoin Leverage Cooldown Signals Market Reset: OI Drops 21% As Excess Risk Is Flushed Out The recent decline mirrors past phases of market reset, such as the April 2025 correction, where Ethereum similarly tested long-term supports before rebounding strongly. The confluence of technical and on-chain data suggests that current levels are being closely watched by long-term holders and institutional accumulators. Featured image from ChatGPT, 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 Bitmine chairman said a wounded market maker could be scaling back operations, tightening crypto liquidity and weighing on digital asset prices.

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

Ethereum is trading at a critical juncture after briefly losing the $3,200 level, with bulls struggling to defend it amid rising selling pressure. The broader crypto market remains on edge, as fear and uncertainty continue to weigh on sentiment following days of steady declines across major assets. Traders are watching closely to see if Ethereum can stabilize above this key support zone — a failure to do so could trigger a deeper correction toward the $3,000 area. Related Reading: $1.33B Ethereum Whale Just Moved Another $120M USDT to Binance – Details Despite the mounting pressure, one prominent Ethereum whale — known for a series of large-scale purchases this month — continues to accumulate aggressively. This investor has consistently added to their position even as the price fell, signaling strong long-term confidence in Ethereum’s fundamentals and recovery potential. This divergence between short-term fear and long-term accumulation paints a complex picture for Ethereum. While short-term volatility remains a concern, large holders’ continued buying may be setting the foundation for a more sustained rebound once market conditions stabilize and sentiment improves. Ethereum Whale Keeps Buying Despite Market Turbulence According to data from Lookonchain, the prominent Ethereum investor known as Whale ’66kETHBorrow’ has continued his large-scale accumulation despite the ongoing market downturn. Earlier today, the whale purchased 19,508 ETH worth approximately $61 million, expanding his already massive position built over the past week. Shortly after, an update revealed yet another purchase — 16,937 ETH valued at $53.91 million — bringing his total accumulation since November 4 to 422,175 ETH, worth roughly $1.34 billion at an average price near $3,489. Despite the recent price drop, the whale is currently sitting on more than $120 million in unrealized losses, but continues to double down on Ethereum exposure. This aggressive strategy indicates strong long-term confidence, as the investor appears unfazed by short-term volatility. Market observers suggest this accumulation pattern could signal institutional-level conviction that Ethereum’s current prices represent a strategic buying zone. While retail sentiment remains cautious amid heightened uncertainty, the whale’s consistent activity underscores a broader trend: large players are quietly accumulating, positioning themselves ahead of a potential recovery once macro conditions stabilize and risk appetite returns to the crypto market. Related Reading: Bitcoin Leverage Cooldown Signals Market Reset: OI Drops 21% As Excess Risk Is Flushed Out ETH Struggles Below $3,300 as Selling Pressure Intensifies Ethereum is currently trading around $3,200, facing renewed selling pressure after briefly reclaiming the $3,400 zone earlier this week. The daily chart shows ETH struggling to hold above its 200-day moving average (red line) — a key support level that often defines long-term market structure. A decisive close below this line could confirm a deeper correction phase. The 50-day and 100-day moving averages continue to trend downward, reinforcing the short-term bearish outlook. If Ethereum fails to recover momentum, the next major support sits near $3,000, followed by $2,850, where buyers previously stepped in during the summer consolidation. Conversely, a recovery above $3,400–$3,500 would be the first signal that bullish momentum is returning. Related Reading: Bitcoin Inflows To Binance Surge: Daily Average Hits 7,500 BTC Despite the pullback, analysts emphasize that large holders — including the #66kETHBorrow whale — continue to accumulate ETH, signaling strong conviction in the asset’s long-term potential. For now, Ethereum’s trend remains fragile, and bulls must defend the $3,000 region to prevent further downside momentum. Featured image from ChatGPT, chart from TradingView.com

ETH plunged below $3,100 on Friday as the crypto selloff accelerated with bitcoin losing the $100,000 level.

Ethereum is showing signs of weakness as it struggles to reclaim higher price levels amid sustained selling pressure and broader market uncertainty. After several failed attempts to break above key resistance near $3,600, the asset remains range-bound, reflecting the cautious sentiment across the crypto market. Despite this, several analysts believe the current phase could represent the final shakeout before Ethereum begins its next major rally. Related Reading: Ethereum Whale Adds $105M To His ETH Position – $1.33B Bought Since Nov 4 According to recent on-chain data, large holders — including institutional players and crypto whales — continue to accumulate ETH even as volatility persists. This steady inflow from big buyers suggests growing confidence in Ethereum’s long-term potential, particularly as network fundamentals remain strong and liquidity conditions begin to stabilize. The divergence between price weakness and whale accumulation highlights a recurring pattern seen in previous cycles, where accumulation intensifies near local lows before a significant recovery. While short-term traders remain defensive, long-term investors appear to be positioning ahead of a potential breakout once macro conditions improve. Whale Activity Signals Renewed Ethereum Accumulation Ahead of Potential Rally According to on-chain data, the well-known Ethereum whale “66kETHBorrow” — already one of the most active large buyers in recent weeks — has made another major move. After purchasing 385,718 ETH worth roughly $1.33 billion since early November, this whale has now borrowed an additional $120 million USDT from Aave and transferred it to Binance, a move widely interpreted as preparation for further accumulation. Such behavior from a high-capital market participant often signals renewed confidence in Ethereum’s medium-term outlook. By leveraging borrowed funds, the whale is increasing exposure, suggesting expectations of a significant price rebound. This type of leveraged accumulation can create upward pressure on the market, especially when liquidity is thin and sellers are exhausted. However, this strategy also carries risks. If Ethereum fails to sustain its current support near $3,400–$3,500, the whale could face mounting liquidation pressure — amplifying volatility across the broader market. Still, the scale and persistence of these purchases indicate that smart money continues to buy the dip, positioning ahead of what could be a major recovery phase. Related Reading: Bitcoin Inflows To Binance Surge: Daily Average Hits 7,500 BTC Ethereum Consolidates Above as Bulls Attempt to Regain Control The daily Ethereum chart shows a clear consolidation pattern forming above the $3,450–$3,500 zone, signaling an ongoing battle between bulls and bears. After weeks of selling pressure, ETH is attempting to stabilize, finding support at the 200-day moving average (red line), which continues to act as a critical long-term defense level. Despite failing to reclaim the 50-day moving average (blue line), currently near $3,700, the structure suggests that downside momentum is weakening. Recent candles show tighter ranges and declining volume, often a sign of equilibrium before a potential breakout. For Ethereum to confirm a shift in trend, bulls need a decisive close above $3,650, which would open the door toward $3,900–$4,000, where the next key resistance cluster sits. Related Reading: Bitcoin Inflows To Binance Surge: Daily Average Hits 7,500 BTC On the downside, if ETH loses the $3,400 support zone, the next major area of interest lies around $3,100, aligning with previous reaction lows and the psychological barrier where buyers have historically stepped in. Featured image from ChatGPT, chart from TradingView.com

Ethereum has entered a consolidation phase following a turbulent period of selling pressure driven by macroeconomic uncertainty and market fear surrounding the US government shutdown. Over the past week, Ethereum’s price has stabilized around the $3,500 level after briefly dipping below key supports, as traders and institutions reassess risk exposure across the crypto market. Related Reading: Bitcoin STH-MVRV Rebounds From Local Low – Potential Recovery Toward $115K–$120K Despite the cautious sentiment, on-chain data reveals a contrasting story — large holders, or “whales,” are quietly accumulating ETH during the downturn. According to data from Lookonchain and CryptoQuant, several high-value wallets have increased their Ethereum positions significantly, signaling growing confidence among long-term investors even as broader market momentum slows. This accumulation phase suggests that sophisticated players view current price levels as an opportunity rather than a sign of broader weakness. Historically, similar patterns of whale buying during macro uncertainty have preceded periods of recovery and renewed market strength. Whale Activity Suggests Strategic Accumulation Despite Market Uncertainty According to data from Lookonchain, a whale known for aggressive Ethereum accumulation has just purchased an additional 30,548 ETH ($105.36 million) within the past hour. This move brings his total acquisitions since November 4 to an astonishing 385,718 ETH, worth roughly $1.33 billion. Notably, around $270 million of the funds used for these purchases were borrowed from the decentralized lending platform Aave, highlighting a highly leveraged but strategic positioning. This type of activity often signals strong institutional confidence in Ethereum’s medium-term outlook. Borrowing large sums to accumulate ETH indicates that the whale expects price appreciation substantial enough to offset borrowing costs and volatility risks. It also reflects growing demand for Ethereum exposure within decentralized finance (DeFi), where whales utilize platforms like Aave to optimize capital efficiency. Such large-scale buying can have multiple implications: it absorbs available market liquidity, strengthens psychological support zones, and may trigger a sentiment shift among retail investors who interpret the move as bullish. However, it also introduces potential short-term risk — if prices correct further, leveraged positions could amplify volatility. Overall, the data points toward renewed accumulation momentum, suggesting that sophisticated market participants are positioning for Ethereum’s next major move. Related Reading: Uniswap Founder Submits Governance Proposal To Burn UNI — Token Jumps 50% Bulls Attempt to Reclaim Momentum Ethereum (ETH) is currently showing signs of stabilization after weeks of intense selling pressure, trading around $3,479 at the time of writing. The daily chart shows ETH holding just above the 200-day moving average (red line) — a key long-term support level that has historically acted as a launch point for bullish recoveries. After dipping below $3,200 earlier in the week, Ethereum bounced strongly, supported by renewed whale accumulation and improving market sentiment. However, the 50-day (blue) and 100-day (green) moving averages remain above the current price, indicating that the short-term trend is still tilted to the downside. For bulls to regain control, ETH needs to close decisively above $3,650–$3,700, where a confluence of resistance sits. Related Reading: Ethereum Trading Volume On Binance Surpasses $6 Trillion: A Speculative Frenzy Unfolds Volume data suggests that selling pressure is gradually fading, but momentum remains weak. If Ethereum fails to maintain the $3,400–$3,450 zone, the next major support lies near $3,200. On the upside, reclaiming the $3,700 mark could open the door to a recovery toward $4,000. Overall, Ethereum appears to be in a consolidation phase, with large holders accumulating while retail traders remain cautious — a structure that often precedes a stronger directional move. Featured image from ChatGPT, 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

Ethereum is showing renewed strength after days of intense selling pressure and widespread uncertainty across the crypto market. Following a sharp drop below the $3,300 level, bulls are now attempting to reclaim $3,600, with the next major objective set at $4,000 — a level that could confirm a shift in market momentum if conquered. Related Reading: SharpLink Gaming Wallet Moves Freshly Redeemed Ethereum to OKX – Details Amid this recovery effort, key on-chain data highlights a surprising move from one of the market’s most closely watched traders — the so-called Anti-CZ Whale. This investor gained notoriety for shorting ASTER shortly after Changpeng Zhao (CZ) — the former CEO of Binance and one of the most influential figures in crypto — publicly mentioned buying it. The whale’s timely short turned out to be highly profitable, reinforcing their reputation as a contrarian yet precise market player. Now, this same whale has flipped bullish on Ethereum, opening a significant long position after having shorted ETH last week. The move signals growing confidence in Ethereum’s recovery potential and could hint at an upcoming market reversal. As sentiment begins to stabilize and liquidity rotates back into major altcoins, Ethereum’s price action in the coming days will be crucial in determining whether this bounce evolves into a sustained uptrend. The Anti-CZ Whale Flips Bullish on Ethereum According to new on-chain data shared by Lookonchain, the trader known as the Anti-CZ Whale has once again demonstrated his sharp market timing. After shorting Ethereum (ETH) during last week’s market correction, the whale has now flipped bullish — taking a major long position that reflects growing confidence in the asset’s recovery. The data reveals that the whale currently holds 32,802 ETH, valued at roughly $119.6 million, with more than $15 million in unrealized profit so far. This strategic pivot came shortly after Ethereum’s rebound from its recent lows near $3,200, suggesting that the trader anticipated a relief rally as selling pressure began to ease. What makes this move even more significant is that the Anti-CZ Whale is still maintaining profitable short positions in other assets — notably ASTER and PEPE. This indicates a selective, tactical approach rather than a broad market shift. His ETH long aligns with improving sentiment around Ethereum, while the other shorts suggest caution toward more speculative altcoins. Historically, the Anti-CZ Whale has earned a reputation for trading against major narratives — including his successful short on ASTER after Changpeng Zhao (CZ), Binance’s former CEO, tweeted about buying the token. His latest move toward ETH could therefore signal that smart money is beginning to rotate back into high-conviction assets. Related Reading: Cardano Whales Trim Positions – 4M ADA Sold in 7 Days ETH Price Analysis — Signs of a Short-Term Recovery Ethereum’s price action on the 4-hour chart shows a notable recovery following last week’s sharp decline. After dipping below $3,300, ETH found strong buying interest and has since rebounded toward the $3,600 region — a key short-term resistance level. This rebound coincides with increased trading volume, suggesting renewed confidence among bulls after several days of panic-driven selling. The structure now shows early signs of a potential trend reversal, as Ethereum has formed a short-term higher low pattern, with buyers defending the $3,350–$3,400 support zone. If momentum continues, the next target for bulls lies near $3,800, where previous breakdowns occurred. A clear break and close above that level would confirm a bullish continuation toward the $4,000 mark. Related Reading: Bitcoin OI Suffers Deepest Drop Of The Cycle: $10B Leverage Wipeout Leaves Traders Cautious However, ETH still faces challenges ahead. The broader market remains fragile, and the asset is yet to reclaim its 200-period moving average, which currently acts as dynamic resistance. Failure to sustain momentum above $3,600 could lead to renewed selling pressure, potentially retesting support near $3,250. Featured image from ChatGPT, chart from TradingView.com

Ethereum has reclaimed key price levels after a volatile weekend, emerging as one of the strongest performers in the ongoing market rebound. As Bitcoin stabilizes near $100K, altcoins are gaining momentum, with ETH once again leading the charge. The recovery comes amid renewed optimism across the crypto sector, as traders and investors position for potential upside following weeks of correction and fear-driven selling. Related Reading: SharpLink Gaming Wallet Moves Freshly Redeemed Ethereum to OKX – Details According to a CryptoQuant report by analyst Darkfost, Ethereum trading volume has reached record highs on Binance, highlighting the speculative nature of the current market. The report notes that speculation now plays a much larger role than in previous cycles, with trading activity at unprecedented levels. In contrast to past bullish phases — when spot market activity dominated and provided a healthier foundation for growth — today’s rally appears heavily fueled by leverage and short-term speculation. This shift has made the market more volatile and less stable, even as prices recover. Speculation Dominates as Ethereum Trading Activity Hits Unprecedented Levels According to CryptoQuant analyst Darkfost, the Ethereum market is now driven by speculation more than ever before, as traders pursue quick returns rather than sustainable growth. This shift in behavior has created a far less stable trading environment, with volatility and leverage increasingly shaping price action. Data shows that across centralized exchanges (CeX), both trading volumes and open interest have reached historic highs. On Binance, Ethereum trading volumes have already surpassed $6 trillion in 2025, roughly two to three times higher than in previous years. Other major exchanges show similar patterns, but Binance continues to dominate market activity by a wide margin, underscoring its position as the primary venue for speculative ETH trading. Open interest levels also tell a striking story. In August 2025, ETH open interest exceeded $12.5 billion on Binance — a staggering fivefold increase compared to the previous all-time high of $2.5 billion in November 2021. This explosion in leveraged positions highlights the extent to which Ethereum trading has evolved into a highly speculative environment dominated by short-term positioning. Altogether, these trends reveal a market structure increasingly reliant on derivatives rather than spot buying. As Darkfost notes, this cycle’s speculative intensity makes Ethereum’s price dynamics far more fragile and reactive, explaining the frequent sharp swings and heightened sensitivity to liquidity shifts that now define the ETH market. Related Reading: Cardano Whales Trim Positions – 4M ADA Sold in 7 Days Testing Key Resistance After Sharp Sell-Off Ethereum (ETH) is showing early signs of recovery following last week’s sharp decline, as the price rebounds from lows near $3,200 to trade around $3,590 at the time of writing. The rebound follows a strong reaction from buyers after multiple days of heavy selling pressure, hinting at renewed confidence in the market. From a technical perspective, ETH’s recent bounce suggests that short-term momentum may be shifting back toward the bulls. The daily chart shows a clear structure of higher lows forming, but Ethereum still faces immediate resistance near the $3,650–$3,700 zone, which aligns with the previous consolidation area before the breakdown. A decisive close above this level could open the door for a move toward $3,850–$3,900, while failure to break higher may signal continued consolidation. Related Reading: Ethereum Whales Accumulate Aggressively: 394K ETH Worth $1.37B In Just 3 Days Volume analysis also shows that the recent bounce was accompanied by increased buying activity, reinforcing that the $3,200 region acted as a strong demand zone. However, overall trading conditions remain fragile, with volatility still elevated and speculative activity dominating the market. Featured image from ChatGPT, chart from TradingView.com

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

Ethereum has been struggling to reclaim higher levels after losing the $3,100 mark earlier this week, as selling pressure and market-wide uncertainty continue to weigh on price action. Bulls are attempting to defend key support zones, but so far, momentum remains weak and upside recovery efforts have failed to gain traction. Despite this, no clear sign of a deeper breakdown has emerged, suggesting that the market could still be in a consolidation phase rather than entering a new bearish leg. Related Reading: Ethereum Whales Accumulate Aggressively: 394K ETH Worth $1.37B In Just 3 Days In the midst of this volatility, Sharplink Gaming — notably one of the first Nasdaq-listed companies to adopt a treasury strategy centered around Ethereum — has made significant on-chain moves during the recent downturn. This activity comes at a time when market sentiment has turned fearful and liquidity across exchanges has thinned, hinting that institutional actors may be positioning strategically amid the chaos. While the broader market remains on edge following Bitcoin’s dip below $100K, Ethereum’s network fundamentals and corporate adoption trends continue to attract long-term attention. Sharplink’s recent actions underscore the growing institutional role in ETH markets — and may signal that some players see opportunity where others see risk. Sharplink Gaming’s Ethereum Moves Signal Strategic Positioning According to data from Arkham shared by Lookonchain, a wallet linked to Sharplink Gaming made a significant move during the latest market correction. The wallet redeemed 5,284 ETH, valued at roughly $17.52 million, and subsequently deposited 4,364 ETH ($14.47 million) into OKX just four hours ago. The company’s total Ethereum holdings have risen to 859,395 ETH, now worth approximately $3.58 billion at current market prices. This makes Sharplink one of the most prominent institutional ETH holders, reinforcing its conviction in Ethereum’s long-term value despite short-term volatility. The move sparked debate among analysts, as the OKX deposit could imply either profit-taking or liquidity repositioning, depending on the company’s broader risk management strategy. However, given Sharplink’s consistent Ethereum accumulation and public alignment with blockchain-based initiatives, the transaction may instead represent active portfolio rebalancing during market stress — a sign of confidence rather than retreat. As Ethereum struggles to stabilize above $3,300, institutional moves like these highlight that smart money remains engaged, potentially setting the foundation for a stronger recovery once market sentiment improves and macro conditions stabilize. Related Reading: Bitcoin OI Suffers Deepest Drop Of The Cycle: $10B Leverage Wipeout Leaves Traders Cautious Ethereum Finds Temporary Support, But Recovery Faces Major Resistance Ethereum is currently trading around $3,298, struggling to reclaim ground after the sharp correction that drove prices below the $3,100 level earlier this week. The daily chart shows ETH attempting to stabilize above its 200-day moving average (red line) — a historically significant support zone that has served as a reversal area in previous market cycles. However, the broader structure remains fragile. Ethereum continues to trade below both its 50-day and 100-day moving averages, indicating that short- and mid-term momentum remains bearish. Bulls must reclaim the $3,400–$3,500 zone to confirm a stronger recovery, as this area represents both a psychological level and the point where the 50-day MA could act as dynamic resistance. Related Reading: Anti-CZ Whale Flips Bullish: Now Long $109M In Ethereum While Holding Massive Meme Shorts For now, Ethereum remains in a critical consolidation phase — holding above $3,200 is essential to prevent deeper losses. A decisive close below the 200-day MA, however, could open the door to a retest of $2,900–$3,000, marking a deeper correction phase. Featured image from ChatGPT, chart from TradingView.com

Ethereum is attempting to regain stability after the sharp selloff on Tuesday that sent its price plunging below $3,100. The drop triggered widespread liquidations across the crypto market, with ETH briefly touching multi-week lows before finding support. As of today, bulls are trying to reclaim the $3,350 level, a short-term resistance zone that could determine whether the asset stages a broader recovery or faces another leg down. Related Reading: ‘Bitcoin $100K Break Was Emotional’ – On-Chain Data Shows No Structural Damage Despite the volatility, on-chain data reveals a different story beneath the surface. Large investors — often referred to as whales — have continued to accumulate ETH, signaling long-term confidence in the network’s fundamentals. Their steady buying activity stands in stark contrast to the broader market’s fear-driven behavior, suggesting that major holders view the recent correction as a buying opportunity rather than a reversal. Historically, whale accumulation during deep pullbacks has often preceded strong rebounds, as institutional and long-term capital step in while retail sentiment weakens. The challenge now lies in whether Ethereum can maintain momentum above key technical levels, especially as overall market confidence remains fragile. If buying pressure continues to build, ETH could find the foundation for a sustained recovery heading into mid-November. Whales Accumulate ETH, Hinting at Impulsive Move Ahead According to Lookonchain, Ethereum whales have collectively accumulated 394,682 ETH, worth approximately $1.37 billion, over the past three days. This wave of large-scale buying comes as prices consolidate below $3,400, signaling that deep-pocketed investors are positioning ahead of a potential market rebound. Such aggressive accumulation often indicates smart money confidence in future upside potential. Historically, when whales buy during periods of widespread fear and weak price action, it suggests they are anticipating an impulsive phase — a sharp move driven by renewed liquidity and market sentiment recovery. The scale and speed of this accumulation reinforce the idea that these entities expect Ethereum to outperform once selling pressure fades. This trend also aligns with broader market behavior seen after major liquidations, where institutional players tend to absorb supply from shaken-out traders. If ETH holds above its key support around $3,100, the combination of whale accumulation, improving on-chain inflows, and reduced leverage could act as the catalyst for a breakout toward the $3,600–$3,800 range. Related Reading: Anti-CZ Whale Flips Bullish: Now Long $109M In Ethereum While Holding Massive Meme Shorts ETH Finds Support at 200-Day MA Ethereum’s daily chart shows that the asset has found temporary relief after Tuesday’s sharp selloff, which dragged prices below $3,100 for the first time in weeks. The decline brought ETH down to test its 200-day moving average (red line) — a key long-term dynamic support that historically acts as a springboard during corrective phases. Currently, Ethereum is trading around $3,380, showing signs of a modest rebound. However, bulls face immediate resistance near the $3,500–$3,600 range, where the 50-day (blue) and 100-day (green) moving averages converge. This area has repeatedly rejected upward moves since late October and will likely define short-term direction. Related Reading: Balancer Hacker Now Converting Loot to Ethereum: Stolen Funds Surge To $116.6M A decisive break above these averages could shift momentum back in favor of the bulls, opening the door for a recovery toward $3,800. On the downside, a failure to hold above the 200-day MA may trigger further weakness toward $3,000 or even $2,850, where previous demand zones exist. Featured image from ChatGPT, 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

The crypto market faced a violent downturn, with Ethereum breaking below the $3,100 level while Bitcoin lost the critical $100,000 mark, triggering widespread liquidation and fear-driven selling. Panic quickly rippled across the market, and sentiment flipped sharply bearish as traders rushed to reduce exposure, price targets vanished from social media, and risk assets saw a cascade of exits. In moments like these, emotions often outweigh fundamentals — and this week was a clear reminder of that dynamic. Related Reading: Balancer Hacker Now Converting Loot to Ethereum: Stolen Funds Surge To $116.6M However, even in periods of sharp fear, not all market participants behave the same. Some notable players have begun shifting their stance, hinting that strategic positioning may already be underway beneath the panic. Among them is the well-known Anti-CZ Whale — a trader who gained attention after aggressively shorting ASTER immediately following Changpeng Zhao’s public post announcing he bought ASTER. That trade paid off massively as ASTER surged briefly and then retraced sharply, delivering this whale tens of millions in unrealized profit. Now, in a notable shift, this trader has flipped from shorting Ethereum to going long, signaling renewed conviction despite the market’s emotional breakdown. As fear peaks, sophisticated players may already be preparing for the next phase — raising the question: is this capitulation… or opportunity? Whale Rotates Into ETH Long as Market Panic Peaks According to Lookonchain, the well-known Anti-CZ Whale has executed a notable portfolio shift, flipping from shorting Ethereum to taking a long position worth 32,802 ETH (~$109 million). Now, the whale is maintaining a 58.27M ASTER short (~$59.7M), signaling conviction that ASTER’s weakness may continue despite recent volatility. Alongside this, the whale holds a 1.99B kPEPE short (~$11.3M), a bet against speculative memecoin flows during uncertainty. Meanwhile, a small 130,566 DOGE long (~$21.5K) appears more symbolic than directional, likely serving as a hedge or sentiment gauge rather than a major conviction play. The standout move is clearly the ETH long, signaling the whale views Ethereum’s drop below $3,100 as oversold rather than structurally bearish. Taking such a position during peak fear suggests an expectation of recovery once forced liquidations cool and liquidity stabilizes. While broader sentiment remains fragile, this shift implies sophisticated capital may already be positioning for an eventual rebound — reinforcing ETH’s role as a core asset even amid aggressive market stress. Related Reading: Anti-CZ Whale Scores Nearly $100M On ASTER And Altcoin Shorts As Market Sells Off ETH Price Technical Outlook: Testing Key Support as Panic Selling Eases Ethereum is attempting to stabilize after a steep breakdown below the $3,500 region, with price now reacting around the $3,300 zone. This level aligns closely with the 200-day moving average (red line), making it a critical support area for bulls to defend. The recent candle structure shows heavy volatility and high sell-side volume, confirming panic-driven liquidations as the primary force behind the move — rather than a fundamental shift in trend. The aggressive flush followed a series of lower highs throughout October, signaling weakening momentum before the breakdown. The 50-day and 100-day moving averages (blue and green) are trending down and currently overhead, adding pressure and reinforcing the short-term bearish structure. A recovery above the 50-day MA would be an early sign of strength, but Ethereum must reclaim the $3,500 zone to regain bullish control. Related Reading: Whale Piles Into ASTER Shorts After CZ’s Comment – $52.8M On the Line Volume has spiked dramatically, suggesting capitulation behavior — often near cycle pivot points. The wick near $3,150 hints that buyers stepped in aggressively at lows, consistent with accumulation dynamics observed among sophisticated traders. If ETH holds above the 200-day MA and builds a base here, it could set up a relief rally. A sustained break below $3,150, however, risks further downside toward $2,900 as liquidity pockets remain thin below current levels. Featured image from ChatGPT, 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