Ether is clinging to a key trendline support that has historically fueled rallies of 90%–125%, which has made this a crucial level to watch over the next few days.
Vitalik Buterin defended Base and layer-2 networks against regulatory concerns, arguing they’re infrastructure extensions of Ethereum, not exchanges.
Over $1.8 billion was flushed in one of the year’s most significant long liquidation events — and one analyst says Bitcoin dipping back to around $103,000 is possible.
ETHZilla CEO McAndrew Rudisill said the company’s strategy is to deploy Ether on the Ethereum network through layer-2 protocols and tokenizing real-world assets.
ETH’s sharp sell-off lined up with the broader crypto market panic and is not a sign of structural weakness. Data suggests institutions will lead the price recovery.
Bitcoin’s sharp fall resulted in the biggest long liquidation in a 24-hour period, and the sell-off pulled many altcoins below their immediate support levels.
Top ETH treasury BitMine Immersion Technologies announced $365 million in new funding and revealed it now holds 2.416 million ETH, over 2% of the total supply.
Bitcoin ETFs drove crypto fund gains last week, posting four consecutive weeks of inflows totaling $3.9 billion, according to SoSoValue.
The Ronin Treasury will begin a $4.6 million RON buyback starting on Sept. 29, which is expected to reduce the circulating supply of RON by 1.3%.
Bitcoin dropped to 12-day lows on Monday despite analysts hyping “Uptober” rally potential, though not all are confident that next month will be up only.