Ethereum news

Ethereum’s 4-hour RSI has fallen to 14.5, the lowest level since April 7 at $1,400, marking a rare oversold signal that historically precedes price rallies. Traders warn the price must hold above $3,800-$3,900 to avoid further losses; a break below could trigger a deeper correction toward $3,400, while support at $3,600 and a potential rally to $4,100 remain key levels.

Ethereum co‑founder Jeffrey Wilcke transferred roughly 1,500 ETH—about $6 million—to the exchange Kraken, hinting at a potential sale. The move follows earlier deposits of $9.22 million in August and a $262 million outflow, which analysts believe he redirected to new wallets rather than liquidated. Wilcke has since suggested he may sell more in the future but has not commented on the transfer. In contrast, a group of 15 whale wallets amassed more than 406,000 ETH—valued at $1.6 billion—over two days, buying from Kraken, Galaxy Digital, BitGo and FalconX. The purchases occurred amid a market decline, as whales seize lower prices, echoing a recent shift where a whale sold billions of dollars in Bitcoin to acquire Ethereum.

More than $21 billion in Bitcoin and Ethereum options will expire on Deribit today, the largest Q3 quarter-end expiry. Bitcoin’s $16 billion exposure has a put-to-call ratio of 0.71, indicating bullish sentiment, while Ethereum’s $5 billion exposure has a PCR of 0.86 and a max-pain level near its $4,000 support. The max-pain points—$111,000 for Bitcoin and $3,800 for Ethereum—could press spot prices toward those levels, raising concerns that a fall below $4,000 might trigger a sharper downside for ETH. Traders expect heightened volatility, hedging amid rate-cut uncertainty and setting a volatile tone into the weekend.

Ethereum fell 1.84% to $3,943, breaking the $4,000 support level. The drop has split sentiment; some call it a bear market while many whales see a buying opportunity. Analysis shows 15 major wallets received about 406,117 ETH (~$1.6 billion) in the last two days, and accumulator addresses added nearly 400,000 ETH in a single day, indicating long‑term holding. While liquidations hit 246,601 traders ($1.13 billion), Ethereum’s open‑interest reset could ease selling pressure. Institutional figures and analysts predict the dip may precede a rebound.

Bitcoin dropped 3.6% in the past 24 hours and about 7% over the week, falling below $109,554. Ethereum fell 7% to $3,887 and Dogecoin slid 7.6% to around $0.23. In the same period liquidations exceeded $1.1 billion, with more than $1 billion from long positions. The slump coincided with a decline in the S&P 500, Nasdaq and Dow Jones. Glassnode analysts said Bitcoin shows signs of exhaustion, as long‑term holders have taken profits and ETF flows have slowed. Market commentators warn that macro risks – a possible U.S. government shutdown, higher rates and geopolitical tensions – could deepen the downturn. Analysts remain uncertain, noting institutional interest and pending PCE data may influence future direction.

Bitcoin, Ethereum and Dogecoin all fell sharply on Thursday, with liquidations over the past 24 hours approaching $1 billion. Bitcoin slipped almost 4 % to about $109,700, Ethereum dropped 7.5 % to $3,879, Dogecoin fell 9 % near $0.23, and Solana tumbled 9 % to $196, making both DOGE and SOL the worst performers among the top‑100. The sell‑off coincided with declines in the S&P 500, Nasdaq and Dow, and follows U.S. inflation data that may influence a second rate cut in 2025.

REX‑Osprey launched the first U.S. ETF that combines spot Ethereum exposure with monthly staking rewards, under ticker ESK. The 1940‑Act product passes the full staking proceeds to shareholders, following its earlier Solana staking ETF. Investor interest in spot Ethereum ETFs has cooled: September saw only $110 million net inflow across nine U.S. products, down from $3.8 billion in August, as the SEC extends its review of staking‑enabled funds.

Ethereum fell 10% to just above $4,000 amid macro uncertainty, weakening institutional inflows and ETF net flows. The realized cost‑basis for accumulating holders has risen to roughly $3,000, a level seen as structural support as BitMine’s treasury buys and ETF inflows climb. Despite this, bearish sentiment persists with many predicting a dip to $3,500 before a rebound, and BitMine remains the sole active treasury buyer amid cooling demand.

SharpLink Gaming, a Nasdaq‑listed firm, will tokenize its SEC‑registered common stock (SBET) on the Ethereum blockchain using Superstate’s Opening Bell platform, allowing shareholders to hold tokenized shares while remaining compliant with securities law. The move follows SharpLink’s recent buybacks and aligns with the SEC’s Project Crypto initiative, aiming to lower regulatory burdens; the company holds over 838,000 ETH worth about $3.3 billion and plans to explore DeFi trading of tokenized equities.

One ETH trader (wallet 0xa523) lost $36.4M in a liquidation as price slipped below $4,000, pushing total realized losses over $45M – the biggest single‑trader hit on Ethereum. In the past 24 h traders faced $718M in long liquidations versus $79.6M in shorts, a 10.56% drop. A leverage build‑up between $2,370‑$2,500 could trigger further sales if ETH declines. Technical analysis shows a bearish triangle break and a 0.382 Fibonacci target near $3,595, implying a 10–15% fall. Support at $3,600 and $3,400 could hold; a rebound to $4,760‑$5,000 remains possible if resistance at $3,800‑$4,000 is defended.