Tom Lee has reiterated one of the most aggressive Ethereum targets in the market, telling attendees at Binance Blockchain Week on 4 December that ETH could eventually trade at $62,000 as it becomes the core infrastructure for tokenized finance.
“Okay, so let me explain to you why Ethereum, now that we’ve talked about crypto, […] is the future of finance,” Lee said on stage. He framed 2025 as Ethereum’s “1971 moment,” drawing a direct analogy to when the US dollar left the gold standard and triggered a wave of financial innovation.
Lee’s Thesis For Ethereum
“In 1971, the dollar went off the gold standard. And in 1971, it galvanized Wall Street to create financial products to make sure the dollar would be the reserve currency,” Lee argued. “Well, in 2025, we’re tokenizing everything. So it’s not just the dollar that’s getting tokenized, but it’s stocks, bonds, real estate.”
In his view, this shift positions ETH as the primary settlement and execution layer for tokenized assets. “Wall Street is, again, going to take advantage of that and create products onto a smart contract platform. And where they’re building this is on Ethereum,” he said. Lee pointed to current real-world asset experiments as early evidence, noting that “the majority of this, the vast majority, is being built on Ethereum,” and adding that “Ethereum has won the smart contract war.”
Lee also stressed that ETH’s market behavior has not yet reflected that structural role. “As you know, ETH has been range bound for five years, as I’ve shaded here. But it’s begun to break out,” he told the audience, explaining why he “got very involved with Ethereum by turning Bitmine into an ETH treasury company, because we saw this breakout coming.”
The core of his valuation case is expressed through the ETH/BTC ratio. Lee expects Bitcoin to move sharply higher in the near term: “I think Bitcoin is going to get to $250,000 within a few months.” From there, he derives two key ETH scenarios.
First, if the ETH/BTC price relationship simply reverts to its historical mean, he sees substantial upside. “If ETH price ratio to Bitcoin gets back to its eight year average, that’s $12,000 for Ethereum,” he said. Second, in a more aggressive case where ETH appreciates to a quarter of Bitcoin’s price, his long-standing $62,000 target emerges: “If it gets to 0.25 relative to Bitcoin, that’s $62,000.”
“I think Ethereum’s going to become the future of finance, the payment rails of the future and if it gets to .25 relative to Bitcoin that’s $62,000. Ethereum at $3,000 is grossly undervalued.” pic.twitter.com/VydvLou9IE
Lee links these ratios directly to the tokenization narrative. “If 2026 is about tokenization, that means Ether’s utility value should be rising. Therefore, you should watch this ratio,” he told the crowd, arguing that valuation should track growing demand for ETH blockspace and its role as “the payment rails of the future.”
He concluded with a pointed assessment of current levels: “I think Ethereum at $3,000, of course, is grossly undervalued.”
Ethereum has retraced from the $3,240 level and is now testing the $3,150 zone as support, a key area that traders are closely watching. Bulls are attempting to defend this level after a modest rebound, but uncertainty remains high as the market tries to establish direction following weeks of volatility and aggressive selling pressure. While some analysts view this consolidation as the early stages of a recovery, others warn that ETH may still be vulnerable to deeper pullbacks if momentum fails to strengthen.
According to top analyst Darkfost, Ethereum’s recent price action is being shaped by a notable shift in market structure. Over the past few days, spot volumes have continued to decline, even as the price attempted a small recovery. This weakening in spot activity reduces the impact of actual buying and selling on the underlying asset, making futures markets increasingly influential in dictating short-term price direction.
As Darkfost explains, when spot volume thins out, futures often become the dominant driver of volatility. This dynamic can accelerate both upside and downside moves, depending on traders’ positioning. With Ethereum now sitting at a critical support level, the market awaits clearer signals to determine whether this rebound can evolve into a sustained recovery or merely represents a temporary pause in the downtrend.
Futures-Driven Momentum Raises the Stakes for Ethereum
Darkfost expands on this dynamic by noting that when spot volumes weaken to the extent seen over the past few days, the risk of heightened volatility increases sharply. Thin spot liquidity means fewer buy and sell orders are available to absorb sudden moves, allowing futures-driven momentum to exert an outsized influence on price. This environment often produces sharper swings and rapid directional shifts, as leveraged traders and algorithmic strategies dominate short-term market behavior.
For now, the futures market is tilting upward, providing a constructive force that is helping Ethereum hold above the $3,150 support zone. Darkfost emphasizes that this upward pressure from futures could work in the bulls’ favor, as volatility—if it expands to the upside—may push the spot market to follow the same trajectory.
In other words, a sustained futures-led rebound could act as the spark needed for a broader recovery, especially if spot buyers gain confidence and begin re-entering the market.
However, this setup cuts both ways. Without stronger spot participation, any reversal in futures positioning could quickly translate into accelerated downside pressure. For now, Ethereum sits in a delicate phase where volatility is both a potential catalyst and a potential threat, making the next few sessions crucial for determining the market’s short-term direction.
ETH Weekly Structure Holds Key Support
Ethereum’s weekly chart shows a market attempting to stabilize after a steep downturn from the $4,500 region. ETH has rebounded toward $3,140, reclaiming its 100-week moving average (green line) — a historically important support level that often defines the boundary between mid-term bullish and bearish phases. This bounce signals renewed demand at a critical zone, especially after the strong wick rejection seen near $2,700, where buyers stepped in aggressively.
However, Ethereum still faces meaningful resistance overhead. The 50-week moving average (blue line), now hovering near $3,400–$3,500, has flipped into resistance and remains the next major hurdle for bulls. A successful reclaim of this zone would materially improve ETH’s technical structure and open the door to a challenge of higher levels. Until then, the weekly trend remains neutral to slightly bearish.
Volume offers an encouraging signal: the recent rebound occurred with a noticeable uptick in buying activity compared to prior weeks, suggesting strengthened interest at these lower levels. Yet the broader structure shows a pattern of lower highs since August, meaning ETH must demonstrate follow-through to avoid slipping back into deeper consolidation.
Featured image from ChatGPT, chart from TradingView.com
Ethereum $ETH rose to a high of $3,247, its highest level since Nov. 14, and was about 20% above its November low. Here's why it may be on the verge of a 60% surge.
Ethereum is holding firmly above the $3,150 level as the market shifts into a more bullish phase after enduring weeks of heavy selling pressure and fear-driven liquidation. The recovery has sparked debate among analysts: some view the bounce as nothing more than a relief rally within a broader bearish trend, while others believe Ethereum may be building the foundation for a more sustained rebound.
A new CryptoQuant report offers one of the clearest insights. According to Ethereum data on Binance, the past several weeks have shown heightened volatility in the Cumulative Volume Delta (CVD) — a metric that tracks real-time buying and selling pressure. This volatility reflects sharp, rapid shifts in trader behavior as the market attempts to stabilize.
Although Ethereum remains in a downtrend from its August peak, recent CVD spikes point to the return of notable buying activity. However, the report emphasizes that these bursts of demand are sporadic and lack the sustained strength needed to confirm a full bullish reversal.
CVD Volatility Highlights Ongoing Battle Between Buyers and Sellers
According to the Arab Chain report, Ethereum’s CVD recently turned positive, coinciding with the price’s attempt to stabilize above the $3,100 level. This shift indicates fresh liquidity entering the market through short-term buy orders, suggesting that some traders are stepping in to accumulate during dips.
However, the sudden spikes and rapid pullbacks within the CVD reveal that the market remains locked in a strong tug-of-war between buyers and sellers. This volatility underscores the fact that Ethereum has not yet reached either temporal stability or a clear structural trend.
The report also highlights the importance of the 30-day correlation between price and CVD, which has held steady at around 0.6 despite lower price levels. This relatively high reading shows that liquidity flows continue to influence Ethereum’s price direction in a meaningful and consistent way. Even though buying pressure appears irregular, its recurring impact on price suggests that traders are still actively responding to market conditions.
Overall, this pattern reflects investors attempting to capitalize on volatility, especially as anticipation grows around potential liquidity inflows tied to upcoming network upgrades. Yet, Arab Chain stresses that without a more sustained accumulation phase and reduced short-term selling, Ethereum may struggle to generate a decisive upward movement.
Ethereum Attempts a Recovery but Faces Key Resistance
Ethereum’s latest price action shows a cautious recovery as ETH climbs back above the $3,150 level, but the chart reveals that the broader structure remains fragile. After a steep decline from the October highs near $4,500, ETH found support slightly above $2,700, where buyers stepped back in with increased volume—visible in the recent surge of green candles at the bottom of the chart. This reaction suggests renewed interest at lower levels, but not yet a decisive shift in trend.
The price is now pressing against the 100-day SMA (red line), a level that previously acted as support and has now flipped into resistance. Reclaiming this line would be an important step toward restoring bullish momentum. Above it, ETH faces another barrier at the 50-day SMA (blue line), which continues to slope downward, reflecting ongoing medium-term selling pressure.
Despite the rebound, volume remains inconsistent, indicating hesitation among market participants. ETH will need stronger follow-through buying to challenge the next resistance zone around $3,300–$3,350, a region aligned with previous breakdown levels.
Featured image from ChatGPT, chart from TradingView.com
Ethereum’s Fusaka upgradeexecuted flawlessly on December 4, 2025, marking a historic milestone as the network achieved zero downtime while implementing its most significant expansion of data availability since EIP-4844.
However, within hours of activation, a critical bug in the Prysm consensus client threatened network stability, causing validation issues that slowed block finalization before client diversity safeguards prevented a potential crisis.
The incident unfolded as Prysm nodes experienced denial-of-service-like conditions triggered by excessive historical state generation.
Prysm core developer Terence Tsao explained that “historical state generation is compute and memory heavy, and a node can be dos’ed by a large number heavy, and a node can be dos’ed by a large number of state replays happening in parallel.”
To shine more light on this, historical state generation is compute and memory heavy, and a node can be dos'ed by a large number of state replays happening in parallel. over the past two hours we’ve seen a spike in stale attestations targeting checkpoint roots from off slots… https://t.co/lnNtD05Tuc
Over two hours, a spike in stale attestations targeting checkpoint roots from off-slots forced affected nodes to reconstruct historical states, pushing systems into compromised operating conditions.
The Ethereum Foundation quickly issued emergency guidance, while ten other consensus clients maintained network operations, preventing any service disruption.
Client Diversity Proves Its Value During Crisis
While Prysm operators scrambled to implement the emergency workaround flag –disable-last-epoch-targets, alternative clients, including Lighthouse, Teku, Nimbus, and Lodestar, continued validating blocks without interruption.
The network maintained consensus throughout the incident, with finalization continuing despite affected validators experiencing participation issues.
Lido Finance reported minimal impact compared to other staking solutions, attributing its resilience to distributed validator operations where Prysm powers approximately 15% of node operators.
Following yesterday’s successful Fusaka hardfork, a Prysm Consensus Layer client bug caused network-wide participation issues.
The Lido protocol continues to operate normally and there is no cause for concern for stakers.
Lido was less affected by this incident than other…
The protocol’s Q3 2025 metrics demonstrate balanced client usage as a deliberate strategy to mitigate single-client failure risks.
Most Lido-operated Prysm setups recovered within hours after applying the recommended configuration changes or temporarily switching to alternative clients.
The incident reinforced long-standing arguments for client diversity as Ethereum’s primary defense against consensus failures.
Developer Kydo captured the significance, noting that the upgrade simultaneously reinforced four critical narratives:
Zero-downtime operations
Layer-2 scaling capability through PeerDAS activation
Client diversity protection
Revenue-generating potential.
Ethereum briefly hit $3.2 billion annual run rate during the incident as blob fee mechanisms adjusted to new pricing parameters.
PeerDAS and Blob Scaling Transform Data Availability
Beyond the Prysm incident, Fusaka delivered transformative upgrades to Ethereum’s data layer through the PeerDAS implementation and the Blob Parameter Only (BPO) fork mechanism.
PeerDAS introduced data availability sampling, enabling nodes to store only 1/8 of the blob data while maintaining security guarantees.
This architectural shift enables throughput increases up to 8x current capacity while keeping hardware requirements manageable for independent operators.
Vitalik Buterin emphasized the upgrade’s historical significance, stating, “PeerDAS in Fusaka is significant because it literally is sharding.“
He celebrated the achievement as a dream dating back to 2015, noting “Ethereum is coming to consensus on blocks without requiring any single node to see more than a tiny fraction of the data.“
PeerDAS in Fusaka is significant because it literally is sharding.
Ethereum is coming to consensus on blocks without requiring any single node to see more than a tiny fraction of the data. And this is robust to 51% attacks – it's client-side probabilistic verification, not… pic.twitter.com/OK81xBteER
The implementation represents a breakthrough first proposed in 2017, though Buterin acknowledged remaining challenges, including distributed block building and sharded mempool development.
The BPO mechanism enables Ethereum to increase blob capacity between major upgrades rather than waiting for coordinated hard forks.
Fusaka maintains the current 6-blob target initially, but scheduled adjustments will raise limits to 10/15 on December 9, 2025, and 14/21 on January 7, 2026.
This addresses mounting pressure as layer-2 demand pushed Ethereum’s blob capacity toward saturation throughout 2024.
EIP-7918 ties blob base fees to execution costs, preventing market collapse. Blob fees jumped 1,500x immediately after activation, rising from 1 wei to 1,500 wei.
Developer Kydo explained this increase “restores a functioning fee market for blobs, so the protocol can actually use price to steer blob demand instead of being stuck at 1 wei.“
The change ensures that layer-2 operators pay meaningful costs for the computational resources their operations impose on network nodes.
Notably, Matt Hougan, CIO at Bitwise, also praised the momentum, noting, “Ethereum delivering two major upgrades in one year is impressive. The giant is awake and doing the right things.“
Ethereum delivering two major upgrades in one year is impressive. The giant is awake and doing the right things:
* Shipping fast * Improving throughput * Improving UX * Improving value capture
Among major L2s, according to information shared with Cryptonews, Optimism has announced plans to adopt Fusaka features into the OP Stack in early 2026, with Base, Soneium, and other layer-2 teams contributing to testing throughout development.
Crypto markets saw a broad-based pullback after several days of steady gains, with the PayFi sector leading losses at nearly 4%. XRP slid 4.37%, while Bitcoin dipped 1.06% to fall back below $93,000 and Ethereum dropped under $3,200. Despite the overall downturn, a few tokens outperformed: Dash and Ultima climbed over 3% and 5%, respectively; Zcash spiked 10% in the Layer 1 sector; and Merlin Chain surged nearly 10% intraday. Other major sectors, including CeFi, Layer 2, Meme, and DeFi, posted declines, though pockets of strength emerged with OKB, Fartcoin, and MYX Finance recording notable gains. Sector indices reflected the broader cooling, with CeFi, Layer 1, and DeFi indices slipping between 2% and 4.4%.
But what else is happening in crypto news today? Follow our up-to-date live coverage below.
As institutional demand intensifies and the crypto market recovers, US spot XRP Exchange-Traded Funds (ETFs) continue to lead the sector with a 13-day streak and over $200 million in positive net flows this week, outshining Solana (SOL) ETFs, which recorded their third day of outflows in seven days.
XRP Funds Lead Crypto ETF Inflows
Spot XRP exchange-traded funds have extended their record-breaking streak after registering their thirteenth consecutive day of positive net flows, with $50.27 million in inflows on December 3.
The investment products have seen a remarkable performance since the launch of Canary Capital’s XRPC, the first single-token XRP spot ETF, on November 13, positioning the funds as the fastest-growing altcoin-based category.
Notably, XRPC surpassed all initial expectations and debuted on Nasdaq with a total volume of $58 million, recording around $357.54 million in positive net flows in 13 days. Last week, the second group of XRP funds went live, becoming the largest US ETF launches of 2025 with over $60 million in net inflows each during their first day.
Moreover, the category, led by Grayscale’s GXRP and Franklin Templeton’s XRPZ, surpassed other major ETFs in single-day inflows, including those based on the largest cryptocurrencies by market capitalization, Solana, Bitcoin (BTC), and Ether (ETH).
Amid this week’s market recovery, XRP ETFs saw $89.65 million on Monday, $67.7 million the following day, and an additional $50.27 million on Wednesday, for a cumulative net inflow of $207.66 million during the first three days of December.
As a result, the leading category surpassed both Bitcoin ETFs’ $52.4 million and Ethereum ETFs’ $51.3 million positive net flows, respectively, during the same three-day period.
With a total of $874.28 million in inflows in 13 days, spot XRP ETFs have surpassed the $618.62 million total inflows of SOL ETFs, which held the record among the second wave of altcoin-based investment products.
Solana ETFs Demand Loses Steam
While XRP ETFs take the spotlight, Solana funds’ momentum has slowed, seeing their largest days of outflows this week. According to SoSovalue data, the investment products recorded $32.9 million in outflows on December 3, marking their third negative net flows day since the category debuted on October 28.
Despite pulling out positive net flows, Bitwise’s BSOL, Fidelity’s FSOL, and Grayscale’s GSOL were unable to absorb 21Shares’ TSOL $41.8 million in outflows. This performance also marks the fourth negative day for TSOL over the past week.
As reported by NewsBTC, Solana ETFs experienced a record performance in November despite the market correction, with $613 million in inflows during their 22 consecutive day positive streak.
However, the remarkable streak ended a week ago when TSOL registered negative net flows for the first time, and the category was unable to absorb them, recording outflows of $8.1 million.
SOL-based investment products started December with outflows worth $13.5 million, which were followed by strong inflows worth $45.77 million on Tuesday. On December 3, the funds registered $32.19 million in outflows, amounting to a negative net flow of $700,000 for the first half of the week, despite the altcoin’s recent price recovery.
Ethereum price started a fresh increase above $3,200. ETH is now consolidating gains and might aim for more gains above $3,250.
Ethereum started a fresh increase above the $3,050 and $3,120 levels.
The price is trading above $3,120 and the 100-hourly Simple Moving Average.
There is a short-term contracting triangle forming with support at $3,130 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could continue to move up if it settles above the $3,240 zone.
Ethereum Price Eyes Another Upside Break
Ethereum price managed to stay above $2,920 and started a fresh increase, like Bitcoin. ETH price gained strength for a move above the $3,000 and $3,050 resistance levels.
The bulls even pumped the price above $3,150. However, the bulls struggled to clear $3,240 and $3,250. A high was formed at $3,239 and the price recently corrected some gains. There was a spike below the 23.6% Fib retracement level of the recent move from the $2,718 swing low to the $3,239 low.
Ethereum price is now trading above $3,120 and the 100-hourly Simple Moving Average. There is also a short-term contracting triangle forming with support at $3,130 on the hourly chart of ETH/USD.
If there is another upward move, the price could face resistance near the $3,200 level. The next key resistance is near the $3,240 level. The first major resistance is near the $3,250 level. A clear move above the $3,250 resistance might send the price toward the $3,320 resistance. An upside break above the $3,320 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,450 resistance zone or even $3,500 in the near term.
Downside Correction In ETH?
If Ethereum fails to clear the $3,240 resistance, it could start a fresh decline. Initial support on the downside is near the $3,120 level. The first major support sits near the $3,050 zone.
A clear move below the $3,050 support might push the price toward the $3,000 support. Any more losses might send the price toward the $2,980 region and the 50% Fib retracement level of the recent move from the $2,718 swing low to the $3,239 low in the near term. The next key support sits at $2,850 and $2,840.
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.
Ethereum is approaching a critical moment as multiple bullish signals begin to align. A clear Inverse Head & Shoulders formation, combined with rising accumulation and weakening trend rejection, suggests that the market may be gearing up for a powerful upside move. With momentum tightening and key levels coming into focus, ETH now stands on the verge of a breakout that could set the stage for its next major rally.
Inverse Head And Shoulders Signals Brewing Momentum
According to a recent update shared by crypto analyst Donald Dean, Ethereum may be gearing up for a significant move. He highlighted the development of a potential inverse head and shoulders pattern, a classic bullish reversal formation that often precedes strong upward momentum. This emerging structure suggests that ETH could soon shift into a more aggressive bullish phase if confirmed.
Dean also pointed out that the weekly chart is showing solid support near the 50% Fibonacci retracement level, positioned around $2,750. Adding to the bullish signals, a hammer candle has appeared on the weekly timeframe, hinting at buying pressure stepping back in after recent downside movement.
If the pattern plays out, Dean noted that Ethereum’s first major target lies at $4,109, a level that would allow ETH to challenge previous resistance/support zones. Reclaiming this region would mark a meaningful shift in momentum and strengthen the bullish outlook for the asset.
Beyond that, the next upside target sits near $5,766, which aligns closely with the 1.618 Golden Ratio extension calculated at approximately $5,793.51. Dean described this confluence as particularly noteworthy, suggesting that if Ethereum breaks above its nearer targets, a larger rally toward this golden-ratio level becomes a realistic possibility.
Growing Accumulation Suggests Bulls Are Preparing For Action
In an earlier analysis, LSTRADER reminded followers of the impressive move from $1,600 to $4,800, noting that this surge had been identified in advance through both the ETH chart and the ETH/BTC setup. The analysis captured the momentum shift that preceded the rally, reinforcing the value of tracking key structural signals.
In the current market structure, LSTRADER noted that the chart clearly shows multiple instances where the trend faced rejection. Despite these rejections, the trend is steadily losing strength while accumulation continues to build, a combination that typically reflects growing bullish interest and the potential for an upward breakout.
However, LSTRADER stressed that no major move should be assumed until the trendline itself is broken, and confirmation is still required. For now, patience is key as traders continue monitoring the structure and waiting for a decisive shift in trend direction.
Ethereum has witnessed a recovery surge recently as on-chain data shows the shark-sized investors have been participating in strong buying.
Ethereum Sharks Have Added 450,000 ETH Since Mid-November
According to data from on-chain analytics firm Santiment, the supply of the Ethereum sharks has gone up recently. The indicator of relevance here is the “Supply Distribution,” measuring the total amount of tokens that a given wallet group as a whole is holding right now.
In the context of the current topic, the cohort of focus is the one corresponding to a coin range of 1,000 to 10,000 ETH. At the current exchange rate, the lower bound of the range roughly converts to $3.2 million and the upper one to $32 million. Investors of this large size are popularly known as the sharks. While not as massive as the whales (addresses with more than 10,000 ETH), the sharks are still considered influential entities. This can make their behavior often worth keeping an eye on.
As the chart below, shared by Santiment, suggests, the latest Ethereum shark behavior has been one of accumulation.
During the November price decline, the Supply Distribution had been going down for the Ethereum sharks, but around the time of the market bottom, its trend began to reverse. Between November 18th and December 2nd, the sharks added a total of 450,000 ETH (worth about $1.4 billion) to their wallets, a massive amount. Alongside this sharp uptick in the metric, ETH went through its price recovery.
The cryptocurrency’s sharp retrace to start December didn’t dissuade these large hands, either, as their supply only continued to rise. This may be one of the factors behind the quick resumption of bullish momentum that the asset has seen. Another bullish factor has been the trend in the Network Growth, another on-chain indicator displayed in the chart. This metric measures the daily number of addresses that are coming online on the Ethereum network for the first time.
A wallet is considered “online” when it participates in transaction activity on the blockchain, so the Network Growth essentially tracks the addresses making their very first transfer.
From the graph, it’s visible that this Ethereum metric has also surged recently, hitting a peak value of 190,000 addresses. Generally, a surge in network activity is usually a positive sign for any rally’s sustainability, as it implies that the network is able to attract fresh attention.
That said, too much attention too fast can actually end up having a negative effect on the cryptocurrency. It now remains to be seen whether the sharks will continue to buy in the near future and if investor FOMO will remain at healthy levels.
ETH Price
At the time of writing, Ethereum is floating around $3,185, up more than 5% over the last seven days.
With 2025 almost over, the Cardano founder, Charles Hoskinson, and the broader crypto market are looking ahead to 2026 with renewed optimism for the ecosystem and the ADA price. Hoskinson has shared a strategic game plan for 2026 that could significantly transform the Cardano ecosystem and potentially even influence the value of its native token. Although ADA’s price has underperformed other top altcoins so far this year, upcoming developments and shifts in 2026 could create a better environment for a potential recovery.
Cardano 2026 Game Plan Offers Hope For ADA Price Recovery
In a recent video posted on X, Hoskinson shared his thoughts on Cardano, offering a glimpse into the blockchain’s vision for 2026. According to the crypto founder, Cardano is preparing to enter the new year with a plan to become a powerful and exceptional blockchain network and the most relatable distribution system humanity has ever created.
Hoskinson emphasized that achieving this vision will require significant time and effort, acknowledging that setbacks are part of building a complex system. He noted that bugs and mistakes are inevitable, but what distinguishes a successful project is how well and fast it responds and recovers.
The Cardano founder also highlighted the importance of learning from errors and improving processes, suggesting that future obstacles will be overcome more quickly and effectively. While perfection is unattainable, Hoskinson’s statements reflect confidence in Cardano’s approach to problem-solving, adaptability, and its ongoing progress toward becoming a leading blockchain network.
While the blockchain prepares to advance, it remains uncertain if an ADA price recovery will follow. Currently, the cryptocurrency is trading at $0.449, reflecting a 63% decline this year and a 16.6% drop over the past month. Compared to other altcoins like Ethereum and Solana, which reached new all-time highs earlier this year, ADA’s underperformance has been somewhat of a puzzle, especially given its previous ecosystem developments and strong community.
Analyst Says ADA Price Will Be Mega Bullish If It Breaks This Level
The Cardano price has been trending downward for months; however, analysts remain bullish on the cryptocurrency. According to crypto analyst ‘Sssebi’, ADA’s next key milestone is the $0.50 resistance level. If the altcoin can successfully breach this threshold, he predicts that Cardano could enter a “mega bullish phase.”
Sssebi’s analysis highlights that despite Cardano’s price being significantly undervalued, its underlying structure still shows hints of bullishness. Breaking $0.50, therefore, could act as a psychological trigger that helps the altcoin overcome current bearishness and signal a much-anticipated recovery.
The analyst suggested that ADA’s current price of $0.44 may represent a bottom level. As a result, he recommends that traders view this low level as a potential opportunity to enter the market ahead of a potential upward surge.
A quantitative trading firm called Jane Street just took a stake in a company that claims to have strengthened the Ethereum blockchain. As institutional appetite for blockchain tech keeps rising, this favors a bullish Ethereum price prediction.
Antithesis, a firm based in North Carolina, received $105 million during its Series A funding round, led by Jane Street.
A fast-growing Vienna software testing startup whose tools find bugs in computer programming code, has landed $100 million in a Series A fundraising round led by one its largest customers. https://t.co/ZuyFG9hJrF
According to Antithesis, they helped Ethereum during its transition to a proof-of-stake (PoS) consensus protocol through its advanced simulations and stress tests to ensure that the upgrade went through no matter what.
Its systems can allegedly replay any bug that shows up during the deployment of new software. As a result, engineers can quickly identify exactly what went wrong to correct it immediately.
As blockchain technology becomes stronger, smart contracts platforms like Ethereum will likely be adopted by big institutions. They are viewed as the infrastructure for the next generation of financial applications running on independent networks.
Ethereum Price Prediction: Double Bottom Could Confirm the Begining of ETH’s Next Leg Up
Ethereum (ETH) recently jumped after making a double bottom at $2,750. This confirms the relevance of this price level for market participants and justifies a bullish Ethereum price prediction.
In the past 24 hours alone, ETH has gained 4.2% while trading volumes remain high at $31 billion. This figure accounts for 8% of the token’s circulating market cap.
In the daily chart, the Relative Strength Index (RSI) has also jumped above the mid-line. This means that positive momentum is accelerating.
If the rally continues, a bullish breakout of the $3,350 resistance could confirm a trend reversal. This could result in a full-blown recovery for ETH that pushes the token back to $4,000 within the next few weeks.
As cryptos start to recover, innovative crypto presales that further strengthen existing networks like Bitcoin Hyper ($HYPER) will likely capture the most upside.
This layer-2 chain for Bitcoin leverages the power of the Solana blockchain to lower transaction costs and increase the network’s speed.
Bitcoin Hyper ($HYPER) is Launching a Solana-Powered Layer for Bitcoin
Bitcoin Hyper ($HYPER) is designed to eliminate the hurdles that have prevented the Bitcoin ecosystem from further growth.
It leverages the efficiency of the Solana blockchain to reduce fees and ramps up the number of transactions that can be processed per second.
This allows the Hyper L2 to host decentralized apps that can still run on the Bitcoin OG blockchain.
Users can safely send their BTC tokens to the Hyper Bridge and get the corresponding amount on the L2 almost instantly.
As top wallets and exchanges adopt the Hyper L2, demand for $HYPER is expected to rise rapidly.
In the volatile theatre of the cryptocurrency market, Bitcoin, Ethereum, and Solana are showing signs of a potential high-time-frame reversal. After weeks of stress and price compression, each of the top assets is now stabilizing at key structural support levels. The multiple leading cryptocurrencies are flashing similar recovery setups at the same time.
The current crypto landscape may be setting up one of the most powerful high-time-frame reversals across Bitcoin, Ethereum, and Solana. An investor and trader known as MacroCRG on X highlighted that yesterday, all three assets printed a bullish engulfing candle, a strong signal that buyers are stepping back in with intent.
Market Leaders Hint At A Shift Before Smaller Assets Follow
On the weekly chart, each asset is showing the early stages of an inside-week breakout paired with a false breakdown. MacroCRG pointed out that a similar structure on the ES (S&P 500 futures) chart from April, where the breakdown of inside-week structure led to a breakout that never looked back when the bull secured the weekly close.
For this setup to take hold, these prices need to close the week above the key highlighted highs on the chart. However, there’s still a long way to go before the weekly close will confirm the breakout, and the bulls need to follow through with conviction and remove any doubt.
The founder of the ProMintClub investment community, ProMint, has spotted a high-conviction whale trader aggressively building long positions across the crypto market. Currently, the trader is leading the Lighter leaderboard with over $64 million in profit and loss, while maintaining an 83% long bias. His Lighter account has the highest profit and loss with over $8 million. These are insane numbers compared to everyone else on the leaderboard.
Data shows that the trader has made five deposits into his Lighter account, which total around $6 million in capital. His positions are spread across BTC, ETH, SOL, AAVE, along with smaller plays such as PAXG and PUMP, consistently entering at strong timing points and riding momentum higher.
Even though funding costs have flipped heavily negative, he is not backing down. Presently, this is the top-performing account on Lighter, and this is serious capital deployed with conviction.
How Increased Partners Drive Sustained Volume Demand
According to Chainflip Labs, November marked one of the strongest performance months in the protocol’s history, clearing over $583 million in swap volume, which is the second-best month ever for the network.
Demand remained sustained across BTC, ETH, and SOL routes, and more partners are routing flow through the network than ever before. The trend clearly shows that Chainflip will continue to scale.
Ethereum is demonstrating notable relative strength after reclaiming the $3,150 level and attempting to push higher, offering a refreshing shift in sentiment following weeks of intense selling pressure, fear, and market-wide uncertainty. As the broader crypto landscape begins to stabilize, ETH stands out as one of the assets showing early signs of recovery, drawing renewed attention from traders and long-term investors alike.
A key factor supporting this shift is the Net Unrealized Profit/Loss (NUPL) reading for Ethereum on Binance, which is currently sitting around 0.22 while price trades near $3,100.
This level reflects a delicate equilibrium between fear and optimism, indicating that a significant portion of ETH holders remain in moderate profit. Importantly, NUPL has not yet moved into the “greed” zone typically seen in the late stages of a bullish cycle, suggesting that the market is far from overheated.
Instead, Ethereum appears to be transitioning into a more neutral, constructive phase where investors are cautiously optimistic but not excessively euphoric. This balance often forms the foundation for a healthier recovery, especially after a deep correction. If momentum continues building and NUPL remains stable or trends higher, ETH could be positioning itself for a stronger upside move in the coming weeks.
NUPL Signals a Transitional Market Phase
Arab Chain notes that Ethereum’s NUPL index experienced a significant rise between June and August, reaching levels far higher than today and reflecting strong profitability across the network during mid-2025. At that time, investor sentiment leaned toward optimism, supported by rising prices and improving macro conditions.
However, as Ethereum’s price began to decline steadily from October onward, unrealized profits started to shrink. This pushed NUPL down toward more neutral territory, signaling a shift in sentiment from elevated optimism to a more grounded, cautious outlook.
Crucially, NUPL has not fallen into negative territory, meaning the average ETH holder has not transitioned into unrealized losses. This is an important sign of underlying market strength. When investors remain in profit, they tend to be less motivated to sell aggressively at lower prices, reducing the risk of panic-driven capitulation and helping stabilize price action during corrections.
Taken together, these signals indicate that Ethereum is currently in a transitional phase. The market is neither euphoric nor fearful—rather, it is waiting for a decisive catalyst to define the next trend. As long as NUPL stays above 0.20, Ethereum retains a meaningful level of investor confidence, increasing the likelihood of a rebound if liquidity strengthens or positive fundamental developments emerge.
ETH Rebounds Strongly on the Weekly Chart
Ethereum’s weekly chart shows a powerful rebound as price surges back above the $3,150–$3,200 region, reclaiming a critical support band that had turned into resistance during the November sell-off. The long lower wick from last week’s candle confirms strong buy-side interest around the $2,700–$2,800 zone, an area that has historically acted as a major demand region during multi-month corrections.
ETH has now reclaimed the 100-week SMA, a key trend indicator currently positioned near $2,900, signaling renewed structural stability. The 200-week SMA, sitting comfortably lower, continues to reinforce the long-term uptrend. However, the 50-week SMA, which has flattened and now looms around the $3,350–$3,400 level, represents the next significant resistance level. ETH will need a decisive weekly close above this moving average to confirm a true shift back into bullish momentum.
Volume on the rebound is notably stronger than in previous consolidation phases, suggesting increased participation and growing confidence among market participants. However, ETH is not yet in the clear. The series of lower highs since the September peak forms a descending structure that must be broken for a sustained uptrend to resume.
Featured image from ChatGPT, chart from TradingView.com
Ethereum is showing notable relative strength as it reclaims the $3,150 level and attempts to push higher, signaling early signs of recovery after weeks dominated by heavy selling pressure, fear, and uncertainty. The broader market rebound has helped restore confidence, but ETH’s ability to outperform key altcoins highlights growing demand and improved sentiment around the asset.
Adding to the renewed optimism, fresh on-chain data from Lookonchain reveals a significant move from one of the market’s most recognized whales. During the rebound, whale 0xdECF deposited another 5,000 ETH—worth approximately $15.52 million—into Binance.
This wallet has become well-known for sending large batches of ETH to exchanges throughout the recent downturn, often coinciding with moments of heightened volatility and capitulation.
Its latest deposit suggests that the whale remains highly active and responsive to market conditions. While such movements can sometimes introduce uncertainty, they also highlight increasing liquidity and engagement from major holders. With price reclaiming key levels and whales repositioning, Ethereum enters a critical phase where sustained strength could confirm a broader shift in market structure.
Ethereum Whale Distribution Highlights Market Caution
According to Lookonchain, whale 0xdECF has sold 25,603 ETH—valued at approximately $85.44 million—across Binance and Galaxy Digital since October 28. Despite this substantial distribution, the wallet still holds 5,000 ETH (around $15.52 million), suggesting that the whale has not fully exited its position but has significantly reduced exposure during the recent market decline.
This pattern of behavior provides important insight into sentiment among large holders: while they are not abandoning Ethereum entirely, they are actively managing risk and responding to volatility more aggressively than usual.
Such persistent selling pressure from a large wallet often acts as a drag on price during periods of weakness, especially when market liquidity is thin. However, the fact that the whale continues to retain a meaningful position indicates an expectation of potential recovery—or at least a desire to remain strategically exposed to future upside.
Ethereum now finds itself in a critical phase. The asset has reclaimed key levels, but its mid-term structure remains highly sensitive to macro conditions and whale behavior. If selling from major holders slows and accumulation begins to outpace distribution, the recent rebound could solidify into a sustained trend. Otherwise, renewed sell flows could place Ethereum at risk of revisiting lower support zones.
ETH Reclaims Short-Term Momentum but Faces Heavy Resistance
Ethereum’s daily chart shows a clear improvement in momentum after reclaiming the $3,150–$3,200 region, but the broader structure remains fragile. The bounce from the $2,750–$2,850 support zone marked a decisive shift in buyer behavior, with strong lower wicks indicating aggressive demand. This rebound has pushed ETH back above key short-term levels, yet the asset still faces a challenging path forward.
Price is now approaching the 50-day SMA, currently sloping downward just above $3,250, which now acts as immediate resistance. This moving average has capped every rally since late October and remains the first major barrier for bulls to reclaim. Beyond it, the 100-day SMA around $3,450 and the 200-day SMA near $3,600 form a tight cluster of overhead resistance that defines the medium-term downtrend.
Volume on the recent bounce is stronger than previous attempts, signaling that buyers are showing more conviction compared to the mid-November attempts to recover. However, the overall trend still leans bearish until ETH can break above the 50-day SMA and begin closing daily candles over $3,300.
Ethereum sits in a critical inflection zone: holding above $3,100 strengthens the case for continued recovery, while rejection from the $3,250–$3,300 band could trigger another retest of the $2,800 region. The next few sessions will determine whether this rebound evolves into a deeper trend reversal.
Featured image from ChatGPT, chart from TradingView.com
Ethereum (ETH) is topping talks once again as its Fusaka upgrade goes live and the ETH price returns firmly above the $3,200 mark. After weeks of choppy trading and lingering fear across the broader crypto market, the combination of a major technical overhaul and rising on-chain activity is giving traders a fresh narrative to follow.
In the last 24 hours, ETH has climbed around 4–5%, outperforming most large-cap cryptos and reclaiming a key psychological zone near $3,200. Market data shows rising volumes and a noticeable pickup in accumulation from larger holders, even as sentiment indicators still sit in “Fear” territory.
Fusaka Upgrade Shifts Focus Back to Ethereum’s Scaling Roadmap
The Fusaka upgrade, Ethereum’s second major network update of 2025, activated at block height 18,200,000. At its core is PeerDAS, a data availability sampling system that lets nodes store only slices of blob data instead of entire payloads.
This change is estimated to expand blob throughput by roughly eight times, easing congestion and helping layer-2 networks push more transactions through Ethereum’s base layer.
Developers describe Fusaka as another step in Ethereum’s long-term scaling roadmap, aligning the main chain with growing layer-2 activity.
Beyond PeerDAS, the upgrade bundles a series of Ethereum Improvement Proposals that tweak gas limits, transaction sizes, cryptographic support, and block configuration, aiming to improve efficiency while keeping validator requirements manageable.
Whales, ETFs and Technical Signals Cluster Around $3,500
On-chain data shows “shark” wallets holding between 1,000 and 10,000 ETH have ramped up accumulation in recent weeks, buying aggressively on dips around $2,700–$3,000.
Institutional interest also appears to be rising. BitMine has reportedly added more than 18,000 ETH to its treasury ahead of Fusaka, while U.S. spot Ethereum ETFs have recorded notable net inflows.
Technically, ETH is trading around $3,200 with analysts watching resistance between $3,300 and $3,500. Short-term models project a move toward roughly $3,537 within days, implying upside of about 10% if the current trend holds.
However, indicators remain mixed. The broader setup is still labelled “bearish,” and any pullback could see ETH retesting support around $3,100, $3,000, or even the $2,850 zone.
For now, the Fusaka upgrade has shifted the conversation back to fundamentals, with Ethereum’s price action testing whether renewed confidence is enough to carry it through the $3,500 barrier.
Cover image from ChatGPT, ETHUSD chart from Tradingview
Ethereum’s Fusaka upgrade is now live on mainnet, marking a major structural change in how the network handles data and scaling. The upgrade was activated at epoch 411392 at 21:49:11 UTC, with the official Ethereum account first signalling “upgrade in progress . . . activating Fusaka @ epoch 411392 // 21:49:11 UTC” and then confirming that “Fusaka is live on Ethereum mainnet!”
In its announcement, the account highlighted three core elements of Fusaka. PeerDAS “now unlocks 8x data throughput for rollups,” substantially expanding the amount of data that rollup-based layer 2 networks can publish to the network. The upgrade also introduces “UX improvements via the R1 curve & pre-confirmations,” and is described as explicit “prep for scaling the L1 with gas limit increase & more.” The project added that community members and core developers will “continue to monitor for issues over the next 24 hrs.”
Why Fusaka Is ‘Significant’ For Ethereum
Vitalik Buterin framed the core of the upgrade in unusually direct terms. “PeerDAS in Fusaka is significant because it literally is sharding,” he wrote. “Ethereum is coming to consensus on blocks without requiring any single node to see more than a tiny fraction of the data. And this is robust to 51% attacks – it’s client-side probabilistic verification, not validator voting.” In other words, the network can now agree on blocks even though no node has to download all of the associated data, relying instead on probabilistic verification on the client side.
Buterin tied this to a long-running research line, noting that “sharding has been a dream for Ethereum since 2015, and data availability sampling since 2017,” and linking back to early research work on data availability and erasure coding. With Fusaka, that architecture is no longer just a roadmap concept but a live mechanism securing Ethereum’s data layer.
At the same time, Buterin was clear that Fusaka does not complete the sharding roadmap. He stressed that “there are three ways that the sharding in Fusaka is incomplete.” First, he argued that “we can process O(c^2) transactions (where c is the per-node compute) on L2s, but not on the ethereum L1,” adding that “if we want to scaling to benefit the ethereum L1 as well, beyond what we can get by constant-factor upgrades like BAL and ePBS, we need mature ZK-EVMs.”
Second, he pointed to the “proposer/builder bottleneck,” where “the builder needs to have the whole data and build the whole block,” and said “it would be amazing to have distributed block building.” Third, he noted bluntly: “We don’t have a sharded mempool. We still need that.”
Despite those caveats, Buterin called Fusaka “a fundamental step forward in blockchain design.” He argued that “the next two years will give us time to refine the PeerDAS mechanism, carefully increase its scale while we continue to ensure its stability, use it to scale L2s, and then when ZK-EVMs are mature, turn it inwards to scale ethereum L1 gas as well.”
He closed by sending “big congrats to the Ethereum researchers and core devs who worked hard for years to make this happen,” underscoring that for the Ethereum community, Fusaka is not a routine protocol update but the arrival of a long-promised sharding era on mainnet.
BitMine, the Ethereum-focused treasury firm led by Tom Lee, has added another $150 million worth of Ether to its balance sheet, according to on-chain data shared Wednesday by Arkham.
Key Takeaways:
Tom Lee–led BitMine reportedly added $150 million in ETH.
The company now holds over 3% of Ethereum’s supply and is openly targeting a 5% stake.
Tom Lee says ETH is entering a “supercycle,” citing network upgrades and a potential pivot by the Federal Reserve as catalysts.
The data shows the company received 18,345 ETH via BitGo and a further 30,278 ETH through Kraken, pointing to one of the largest single inflows into a corporate Ethereum treasury this year.
BitMine has not yet issued a formal confirmation of the transfers, though the wallet movements align with its recent buying pattern.
BitMine Builds 3% Stake in Ethereum as It Targets 5% Supply
The firm has steadily built its Ether position throughout 2025, even during November’s market pullback.
In the final week of last month alone, BitMine snapped up 96,798 ETH, lifting its holdings to more than 3% of Ethereum’s circulating supply.
Management has previously said it aims to ultimately control around 5% of all ETH, framing Ether not just as a store of value but as core infrastructure for financial markets.
TOM LEE JUST BOUGHT $150M ETH
Two fresh wallets just withdrew $92M of ETH from Kraken, and $58M from Bitgo, matching prior Bitmine purchase patterns.
The aggressive strategy stands out at a time when other digital asset treasuries are easing off.
Figures from Bitwise show companies bought about 370,000 ETH in November, an 81% drop from August’s peak of 1.97 million ETH.
Lee said in a Dec. 1 disclosure that several near-term developments are shaping his outlook, including Ethereum’s Fusaka upgrade and expectations that the Federal Reserve will bring its balance-sheet reduction program to an end.
Last month, Lee said Ether may be entering the early stages of the type of explosive growth cycle that propelled Bitcoin to a 100x rally since 2017.
Lee said the current Ether market resembles Bitcoin’s setup eight years ago, a period marked by deep volatility that ultimately preceded one of the strongest bull cycles in crypto history.
Lee noted that his firm first recommended Bitcoin to Fundstrat clients in 2017 when BTC traded near $1,000.
Since then, Bitcoin suffered several drawdowns of up to 75%, yet still surged more than 100-fold from that initial call.
“We believe ETH is embarking on that same Supercycle,” he wrote, arguing that Ether’s recent weakness reflects doubt, not deterioration.
BitMine Names New CEO Amid Leadership Shakeup
BitMine has also appointed a new chief executive as the company continues to build one of the largest Ether treasuries among publicly traded firms.
Last month, the company said Chi Tsang will replace Jonathan Bates as CEO, with the transition taking effect immediately.
“With its substantial Ethereum holdings and credibility with both Wall Street and the Ethereum ecosystem, BitMine is positioned to become a leading financial institution,” he said.
Alongside the leadership change, BitMine appointed three new independent board members.
The crypto market is up today, seeing a much smaller increase than yesterday, with the cryptocurrency market capitalisation rising by 0.7%, now standing at $3.26 trillion. 75 of the top 100 coins have gone up over the past 24 hours. At the same time, the total crypto trading volume is at $162 billion.
TLDR:
Crypto market cap increased by 0.7% on Thursday morning (UTC);
75 of the top 100 coins and 8 of the top 10 coins have gone up today;
BTC increased by 0.4% to $93,351, and ETH is up by 4.6% to $3,194;
Bitfinex argues that the market is showing seller exhaustion;
A combination of key elements created the conditions for a stabilisation phase and a relief bounce;
‘The market’s current late-cycle fragility is not a pricing problem, but an architectural one’;
‘In the short term, the market remains in a structurally volatile, range-bound regime’;
US BTC spot ETFs saw $14.9 million in outflows on Wednesday, while ETH spot ETFs recorded $140.16 million in inflows;
The US SEC blocked the launch of 3-5x leveraged crypto ETFs;
Crypto market sentiment increased for the second day straight.
Crypto Winners & Losers
At the time of writing, all top 10 coins per market capitalization have seen their prices rise over the past 24 hours. Two recorded double-digit increases.
Bitcoin (BTC) appreciated by 0.4% since this time yesterday, currently trading at $93,351. This is the second-smallest increase in the category.
Bitcoin (BTC)
24h7d30d1yAll time
Ethereum (ETH) is up by 4.6%, now changing hands at $3,194. This is the highest increase among the ten.
“The combination of extreme deleveraging, capitulation among short-term holders, and early signs of seller exhaustion has created the conditions for a stabilisation phase and a relief bounce,” it said.
This Bitcoin cycle is NOT like past cycles. I have been warning you all and explaining this for well over a year now. Hopefully, you were paying attention.
‘Staying In Structurally Volatile, Range-Bound Regime’
Bitunix analysts commented that the market is entering a composite phase of “macroeconomic turning-point expectations plus internal capital rotation within crypto.” This is against the backdrop of weakening employment and rising rate-cut expectations.
Also, ETF flows and liquidation structures suggest a divergence in risk appetite, not a synchronized expansion.
“In the short term, the market remains in a structurally volatile, range-bound regime,” the analysts say. “Going forward, close attention should be paid to whether rate expectations are revised further downward and whether capital continues to rotate from Bitcoin into higher-beta assets, as these factors will determine the risk level and trend slope of the next phase of the market.”
Meanwhile, Alexis Sirkia, Chairman of Yellow Network, argues that “the market’s current late-cycle fragility is not a pricing problem, but an architectural one.”
The trustlessness that drove initial innovation in Web3 is now lost amidst systems that burden themselves with on-chain settlement of every micro-transaction, the Chairman says. “This is why the entire asset class still remains tethered to the movements in Big Tech and equity markets.”
Moreover, real decoupling of crypto from TradFi will be driven by increased operational efficiency and by ETF inflows, be it for BTC or the emerging XRP products.
“We are witnessing the final phases of the Layer 1 and Layer 2 scaling debate,” Sirkia says. “The future requires a high-performance Layer 3, that operates off-chain, delivering the millions of transactions per second required for real-world utility.”
Additionally, the next step for DeFi is a new utility layer, not a new asset class. “The projects and tokens that transition to high-throughput, low-friction architecture will revive the industry, and propel it to greater heights.”
Levels & Events to Watch Next
At the time of writing on Thursday morning, BTC stood at $93,351. It was quite a choppy trading day for the coin, overall moving between $91,958 and $94,000.
It has also increased by 2.3% over the past week, trading in the $84,553–$93,855 range.
Moving above $96,000 would leave the door open for the price to surpass $100,000 and $112,000. On the other hand, a drop below $90,000 may lead to another drop to the $80,000 level.
Bitcoin Price Chart. Source: TradingView
Ethereum is currently changing hands at $3,194. Its trading day was notably steadier than BTC’s. It saw a relatively gradual increase from the intraday low of $3,039 to the intraday high of $3,231.
Moreover, it increased by 5.6% in the 7-day period, trading between $2,736 and $3,222.
If the bull keeps running, ETH could reclaim the $3,500 level. This would enable it to rise further towards $3,650 and $3,820.
Ethereum (ETH)
24h7d30d1yAll time
Meanwhile, the crypto market sentiment saw another increase today within the fear territory. The crypto fear and greed index stands at 27 today, compared to 22 yesterday.
As a reminder, the sentiment sat at just 16 two days ago, firmly within the extreme fear zone.
We are seeing notable increases in optimism, but it doesn’t mean that the market participants are any less cautious or worried about short-term outcomes. They’re awaiting further economic data.
ETFs Post Another Mixed Day
On Wednesday, 3 December, the US BTC spot exchange-traded funds (ETFs) broke the inflow streak, recording $14.9 million in outflows. With this, the total net inflow pulled back slightly to $57.76 billion.
One of the 12 BTC ETFs recorded inflows, and three saw outflows. BlackRock took in $42.24 million.
At the same time, Ark&21Shares recorded outflows of $37.09 million, while Grayscale let go of $19.7 million.
On the other hand, the US ETH ETFs broke a brief streak of negative flows. On Wednesday, it saw $140.16 million in inflows. The total net inflow now stands at $13 billion.
Of the nine funds, five recorded inflows, and none saw outflows. Of these, BlackRock took in the most, posting $53.01 million in inflows. Fidelity is next, with $28.11 million in positive flows.
Meanwhile, the US Securities and Exchange Commission(SEC)blocked the launch of 3-5x leveraged crypto ETFs. These vehicles are designed to deliver three to five times the daily performance of stocks and cryptocurrencies.
One of the key issues is a rule that limits how much leverage a fund can use. It caps a fund’s value-at-risk exposure at 200% of its reference benchmark.
The SEC has stopped ProShares from launching new 3× leveraged crypto funds. They proposed
3× Bitcoin, 3× Ether, 3× Solana, 3× XRP.
The SEC says the funds break leverage rules, so ProShares must fix the filings or withdraw them. Nothing moves forward until they do.… pic.twitter.com/SXlYAHKgkZ
The crypto market saw a minor increase over the past 24 hours, while the US stock market posted another day of gains during its Wednesday session. By the closing time on 3 December, the S&P 500 was up by 0.3%, the Nasdaq-100 increased by 0.2%, and the Dow Jones Industrial Average rose by 0.86%. This is also the seventh time in eight sessions that major indexes ended higher.
Is this rally sustainable?
Analysts argue that there is still room for the market to rise, even if we see drops along the way. Per charts, many say, we may see a rally continue until the end of this year and possibly into the beginning of the next.
Login
TOM LEE CALLS FOR $62,000 $ETH
