In the last few days, a series of critical events have transpired in the cryptocurrency market. The Ethereum (ETH) price is being predicted by some to potentially reach $3,900 by November 2025-2030. It's been drawn to attention that particularly Bitcoin (BTC) has entered a death cross, a bearish scenario, with Ethereum not far behind. A broad crypto sell-off is happening, with Bitcoin, Ethereum and Solana (SOL), among others, facing extensive declines. BlackRock made a vast transfer of its holdings to Coinbase, including $616M in BTC and $199 in ETH.
Further, Billionaire Tom Lee warned about the real market risk concerning the current state of the crypto market. Despite the overall market decline, some believe the market could rebound and bearish trends may reverse soon. However, the market's current condition has lead to severe outflows from the spot ETFs of Bitcoin and Ethereum totaling $437 million. Interestingly, while the Bitcoin and Ethereum ETFs saw outflows, Solana ETFs recorded $30 million inflow.
Tribulations continued as ETH price fell under $3,100, and as long-term holders commenced selling off their coins, Ethereum ETFs experienced a $1.4B outflow. Meanwhile, analysis from Glassnode suggests Ethereum holders have been more willing to sell their coins than Bitcoin investors.
On an optimistic note, Tom Lee maintains his bullish outlook on Ethereum, predicting that ETH might enter a bitcoin-style supercycle. Finally, Coin Interview announced the creation of a new βreal-time Ethereumβ, MegaETH, enabling the potential for Web2-like blockchain applications.
ETH Coin News Analytics from Sun, 24 Aug 2025 07:00:00 GMT to Wed, 19 Nov 2025 22:19:03 GMT - Rating -7 - Innovation 3 - Information 6 - Rumor -2