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Ethereum is struggling to regain traction as it continues to trade below the critical $3,200 level, weighed down by persistent selling pressure and growing macro uncertainty. Market sentiment has deteriorated notably in recent weeks, with many analysts increasingly calling for a broader bear market phase.
From a structural perspective, ETH remains below several key technical levels that previously acted as support, reinforcing the perception that downside risks are still present and that bullish momentum remains fragile.
Beyond price action, on-chain data is beginning to confirm this cautious outlook. According to a CryptoQuant report by CryptoOnchain, Ethereum’s network activity has contracted sharply, signaling a meaningful decline in underlying demand. The 7-day Simple Moving Average (SMA) of Active Addresses has fallen to 327,000, marking the lowest reading since May 2025.
This represents a significant pullback from earlier cycle highs and suggests that fewer users are actively interacting with the Ethereum network.
Historically, sustained bullish trends in ETH have been supported by expanding network usage and rising participation. The current decline in active addresses indicates a reduction in network utility, often associated with cooling investor interest and the exit of short-term participants.
According to the CryptoQuant report, the current decline in Ethereum’s Active Addresses represents a sharp pullback from the peak of roughly 483,000 addresses recorded in August. Since that high, network participation has steadily weakened, highlighting a clear loss of momentum in on-chain activity.
This contraction has closely mirrored Ethereum’s market performance over the same period. As active addresses declined, ETH’s price corrected significantly, falling from a cycle high near $4,800 to the current $3,100 area.
The simultaneous drop in both price and network activity is a critical signal. It suggests a reduction in demand for block space and points to a potential exit of retail traders or short-term participants who typically drive spikes in transaction activity during strong bullish phases. When fewer users interact with the network, it often reflects lower speculative interest and diminished transactional demand.
In a healthy and sustainable bull market, rising prices are usually accompanied by expanding network usage, with active addresses trending higher as adoption and participation grow. The current divergence from that pattern indicates a cooling ecosystem rather than an acceleration phase.
For Ethereum to establish a durable price reversal, this metric will be essential to watch. A sustained recovery in Active Addresses would be one of the clearest early signals that demand is returning and that the network is regaining fundamental strength.
Ethereum’s weekly chart highlights a market caught between long-term structural support and unresolved downside pressure. After peaking near the $4,800–$5,000 region earlier in the cycle, ETH entered a prolonged corrective phase that drove price sharply lower. The subsequent rebound from the $1,500–$1,600 lows marked a clear recovery, but the rally has so far failed to transition into a sustained bullish trend.
Currently, ETH is trading near the $3,150 level, hovering around a key confluence zone. Price is interacting with the 100-week and 200-week moving averages, which historically act as pivotal trend-defining levels. While ETH has managed to reclaim the longer-term moving averages, it continues to struggle with follow-through above them, signaling hesitation from buyers at higher prices.
The structure since mid-2024 resembles a broad consolidation rather than a decisive breakout. Each rally attempt toward the $4,000–$4,500 range has been met with strong selling pressure, producing lower highs on the weekly timeframe. Volume has also declined compared to previous impulsive advances, suggesting weaker conviction behind recent rebounds.
From a structural perspective, holding above the $2,800–$3,000 region remains critical. As long as this zone holds, ETH maintains a constructive higher-low relative to the 2022 bottom. However, failure to build acceptance above the moving averages keeps Ethereum vulnerable to extended consolidation or another corrective leg before a clearer trend emerges.
Featured image from ChatGPT, chart from TradingView.com
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Blockchain analytics platform CryptoQuant has reported the Ethereum
ETH
$3 466
24h volatility:
2.1%
Market cap:
$419.26 B
Vol. 24h:
$35.74 B
balance outlook on cryptocurrency exchange Binance. According to its post on X, Ethereum exchange supply on Binance has fallen to its lowest level in the last seven months.
Arab Chain on CryptoQuant noted that Binance is the largest Ethereum trading platform by volume. However, the supply of the altcoin on this exchange has been on a downtrend since the middle of this year. Around June and July, the Ethereum volume on Binance peaked. It was sustained for a while until November, when it began to decline sharply.
The decline has finally brought the supply to its lowest level since last May. The continuous dip in the available Ethereum supply on exchanges may be an indication of a movement of coins into cold or private wallets.
Ethereum Exchange Supply on Binance Falls to Its Lowest Level Since Last May
“Overall, current indicators reflect a transitional phase in the Ethereum market, where investors appear to be accumulating and holding.” – By @ArabxChain
Read more
https://t.co/zwIkpf5Yh1 pic.twitter.com/vNLCJQyuIl
— CryptoQuant.com (@cryptoquant_com) November 11, 2025
This behavior is considered to be bullish in the medium to long term. For context, a reduction in the supply available for sale reduces market pressure.
Around August and September, ETH fluctuated between $4,500 and $5,000. Recently, the price of the coin has plummeted below $3,500. According to CoinMarketCap data, Ethereum is currently trading at $3,577.08, up by 1.2% over the last 24 hours. Coincidentally, the price drop comes at the same time as the exchange supply dip of the coin.
Traders may have withdrawn their coin after taking profit in September and are probably waiting for an opportunity to join the market again for longer-term gains. However, there are still some, like 7 Siblings, which continue to buy the dip.
While Ethereum joins the price recovery trend with other cryptocurrencies, the spotlight is resting on some new projects, such as Bitcoin Hyper (HYPER).
This coin currently has the attention of many traders, and its ongoing presale has seen support from several entities. Markedly, it has a strong reputation among retail investors in the sector.
It is designed as a Layer-2 solution BTC project with strong potential for early investors. HYPER is fitted to those who are not afraid to take on high risks for high rewards. Its strong presence and potential have found it a position among the best crypto presales of 2025.
Read our Bitcoin Hyper price prediction to learn more about the future of the project.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.
The Solana price has surged to a seven-month high, extending its lead as one of the best performers in the digital currency market this year.
The token, which recently climbed past $225, has outpaced broader crypto benchmarks as investors, institutions, and traders rally behind what many see as a pivotal stage for the blockchain’s growth.
With momentum building from technical, institutional, and macroeconomic factors, Solana’s near-term outlook is now tilting towards a test of $250.
Solana’s recovery from earlier support around $200 has turned into a sustained rally, fueled by higher highs and steady trendline support.
Notably, there is an ascending triangle formation that often precedes sharp breakouts, with resistance zones emerging between $245 and $280.
A clean push above these levels would put Solana in striking distance of its January all-time high near $293.
Technical indicators remain bullish, with the Relative Strength Index (RSI) hovering at manageable levels despite recent gains, while the MACD has flashed a golden cross that signals further upward momentum.
As long as $200 holds as a solid floor, Solana’s chart continues to favour the bulls.
Solana’s futures open interest on the CME reached a record $1.49 billion on September 9, underscoring the role that large investors are playing in driving demand.
Additionally, the launch of the first US Solana staking ETF has deepened the trend, adding legitimacy to Solana’s position within regulated markets.
Fresh developments on Wall Street have amplified the story, with Nasdaq recently welcoming the listing of SOL Strategies (ticker STKE), the first Solana-focused treasury company, which currently holds about $90 million worth of the token.
The listing is seen as a milestone for institutional validation, echoing the trajectory Bitcoin followed with ETFs.
At the same time, other firms such as Upexi and DeFi Development Corp. have accumulated hundreds of millions in Solana (SOL) this year, while Forward Industries announced a $1.65 billion raise with plans to anchor a large Solana treasury.
The Solana blockchain itself is also undergoing meaningful upgrades.
For instance, the recent Alpenglow consensus upgrade has reduced transaction finality to just 150 milliseconds, while recent capacity increases have boosted throughput by two-thirds.
These changes address previous bottlenecks and enhance Solana’s appeal as a high-performance Layer 1 network.
In addition, although memecoins still dominate fee generation, Solana’s total value locked in DeFi has reached $13 billion, rising sharply over the third quarter.
The short-term Solana price outlook is centred on whether Solana can close above the $245 to $250 zone.
A decisive breakout would strengthen the case for an extension toward $280, with higher targets of $300 to $350 possible if momentum continues.
Macroeconomic conditions could provide the additional fuel needed for the rise to $280, markets pricing in US interest rate cuts before the year’s end, a shift that often benefits risk assets like cryptocurrencies.
If ETF approvals materialise in the coming months, Solana’s relatively smaller market size compared to Bitcoin and Ethereum means that even moderate inflows could have an outsized effect on its price.
However, a pullback toward $200 remains a risk if profit-taking sets in, especially given the token’s strong 90-day run of more than 55%.
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After months of sideways movement, XRP may finally be gearing up for a significant breakout. According to analysts, the popular altcoin saw a dramatic 700% surge earlier last year. Now, its price is positioned to exit a seven-month consolidation phase, which could set it up for its next bullish move.
A recently published technical chart by market expert ‘Crypto Michael’ on X (formerly Twitter) reveals that XRP has been consolidating for seven months following a staggering 700% price rally, which was triggered by a breakout from a multi-year Symmetrical Triangle pattern. The chart, based on a 3-month candlestick, shows that XRP had been in a major price compression within the triangle pattern for seven years.
True to form, XRP finally broke above the upper trendline of the pennant in late 2024, igniting one of its most powerful quarterly rallies to date. This breakout led to a price surge of about 700%, pushing the cryptocurrency from around $0.6 to over $2.
Since the dramatic breakout, XRP has entered a stabilization phase, trading sideways in what appears to be a healthy consolidation range. The chart highlights this consolidation area with a white circle, indicating a well-defined post-breakout phase. Notably, XRP’s $2.15 price at the time of the analysis is above prior resistance levels, suggesting that the cryptocurrency is maintaining strength while waiting for its next bullish catalyst.
Crypto Michael points out that XRP’s consolidation is ending just as Bitcoin, the world’s largest cryptocurrency, approaches a critical juncture: the “8-year line.” This correlation suggests that a broader shift in market sentiment may be underway.
Historically, leading altcoins like XRP have followed Bitcoin’s lead during broader market rallies. If BTC successfully breaks through this long-standing line, Crypto Michael believes it could serve as a macro trigger that ignites a fresh bullish move for XRP.
A fresh analysis by Egrag Crypto, a crypto analyst on X, suggests that the XRP/BTC pair could be on the edge of a major breakout. The pair has followed a consistent cycle for over a decade, with lows in 2015, 2017, 2020, and 2024—each succeeded by strong rallies. These lows align with a rising trendline, signaling possible long-term strength.
Now, XRP/BTC is approaching a key resistance level that has blocked past rallies since 2015. This time, however, Egrag Crypto suggests that the setup looks different and slightly more favorable for a breakout. If the pair breaks above this multi-year ceiling, it could mark a major turning point, effectively leading XRP into an explosive bullish phase. The analyst’s chart outlines two potential paths: a green breakout zone if XRP pushes higher and a red rejection zone if it fails to break this key resistance again.
Featured image from Getty Images, chart from Tradingview.com
Recent market inflows and dynamics have seen the Bitcoin price breaking free from a 7-month descending broadening wedge pattern. According to crypto analyst Gert van Lagen, Bitcoin’s breakout last week could signal the onset of a major price continuation phase as the bulls aim above the $70,000 mark. Particularly, Van Lagen highlighted that Bitcoin’s ability to successfully retest the upper trendline of this pattern lends strong momentum to the current bullish structure.
The descending broadening wedge pattern is a reversal structure in technical analysis, often hinting at a strong trend upon breakout. Bitcoin’s ability to breach the upper trend line reinforces the likelihood of bullish momentum, lending voice to a new all-time high in the coming weeks.
At the time of van Lagen’s analysis, the Bitcoin price was retesting a bottom-sloping trend line, which has capped its price rallies since it reached an all-time high of $73,737 in March. By then, Bitcoin had already peaked out of this trend line in the descending broadening wedge and was already on the third candle.
As Bitcoin bounced from the upper trend line, van Lagen described this as a “successful bullish retest.” Furthermore, he noted the importance of a bullish trajectory for this pattern, highlighting that the breakout direction is upward 79% of the time.
With the Bitcoin price now successfully above this wedge, this next phase could see the cryptocurrency extend its gains and surge above $70,000. As such, the analyst also noted that reaching a new all-time high is essential to fully validating the wave continuation pattern.
While the breakout and retest offer promising technical signs, van Lagen warned of a critical downside level that traders should monitor. He pinpointed $58,700 as a crucial weekly closing price, below which the bullish structure would be invalidated. In his view, a close below this threshold would disrupt the quick wave five continuation and totally reverse the bullish setup to a new all-time high.
Interestingly, Bitcoin has managed to push to the upside since this breakout. Particularly, the cryptocurrency has extended gains and has now broken above $71,000 for the first time since June.
At the time of writing, Bitcoin is trading at $71,150, having reached an intraday high of $71,450 in the past 24 hours. As it stands, Bitcoin is only 3.6% away from reaching uncharted price territories. The only key price resistance level to watch at this point would be the current all-time high.
Many Bitcoin metrics point to the continuation of bullish Bitcoin price momentum, at least in the short term. The Bitcoin open interest is now at its highest point of $42.6 billion, which relays a high level of trading activity among Bitcoin traders.
Featured image created with Dall.E, chart from Tradingview.com
Cardano (ADA) price is in the process of painting its seventh red monthly candle in a row as the token fell to its lowest level since February 2021.
The trend saw ADA’s price rising nearly 800% to $3.16 between February 2021 and September 2021, followed by a complete wipeout of those gains entering October 2022. Amusingly, the entire price action took the shape of the “Burj Khalifa,” the world’s tallest skyscraper in Dubai.
Ada Khalifa pic.twitter.com/KE2SxTO3bN
— Trader_J (@Trader_Jibon) October 19, 2022
The ADA price correction began primarily in the wake of a similar downtrend across the cryptocurrency market, led by the Federal Reserve’s aggressive interest rate hikes to tame rising inflation.
Even an optimistic Cardano network upgrade dubbed Vasil was not enough to bring its buyers back to the market.
Notably, ADA’s price has dropped by nearly 20% since the Vasil hard fork nearly a month ago — an update aimed at improving its network’s scalability and smart contract capabilities.
Moreover, the ADA/USD pair also broke below a key support level that may lead to another major crash ahead in Q4.
The said support level at around $0.42 constitutes a descending triangle, a continuation pattern. In other words, ADA’s potential to continue its prevailing downtrend becomes higher if it forms and breaks out of a descending triangle to the downside.
Meanwhile, as a rule of technical analysis, a descending triangle breakdown during a downtrend typically pushes the price lower to a level at length equal to the pattern’s maximum height. Therefore, ADA risks dropping toward $0.248, or by 35%, if the descending triangle breakdown plays out.
$ADA now losing the lights out level and going to the place where coins go when they die. Prob got a -50% in it from that breakdown level imo
And I’m by no means picking on it. I posted charts for almost several alts like this including $SOL and $ETH in Dec-Jan pic.twitter.com/Of0TNZfXKK
— Pentoshi (@Pentosh1) October 19, 2022
Conversely, a retest followed by a close above the triangle’s lower trendline as resistance raises ADA’s possibility to invalidate the bearish outlook. In doing so, it could trigger a descending channel setup forming simultaneously with the ascending triangle, as shown below.
The descending channel setup sees ADA bouncing from its lower trendline to test the upper trendline near $0.45 as its immediate upside target. In other words, a 30% interim price rebound.
Overall, Cardano continues to tread ahead under macro risks, primarily after September’s 8.2% inflation reading, which raised the possibility of the Fed continuing its rate hike spree for the remainder of 2022.
Risk assets across the board have witnessed a decline in individual investors’ enthusiasm, which was instrumental in pushing thcryptocurrency prices higher in 2020 and 2021. For instance, Robinhood CEO Vlad Tenev noted:
“2020 and 2021, people were really interested in investing in stocks. There was widespread participation in the stock market. Now people are talking about gas prices and inflation.”
ADA, whose positive correlation coefficient with the U.S. benchmark S&P 500 has remained above $0.80 for most of 2022, also witnessed a sharp decline in its daily active addresses (DAA) since November 2021’s market top.
Related: Cardano founder points out flaws in Ethereum and Bitcoin
Notably, its 30-day DAA average dropped to 165,000 on Oct. 19, its lowest level in two years, data from Santiment shows.
On a brighter note, the number of Cardano addresses holding 100–1,000 ADA and 1,000–10,000 ADA tokens has increased during the bear cycle, hinting at potential accumulation by large investors, or so-called whales.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.