Ethereum's staking exit queue increased more than fivefold in just three days, reaching a peak of around 851,000 ETH after MetaMask began proactively withdrawing thousands of validators following a security incident.
Ethereum has slipped below $3,400, wiping out its year-to-date gains. The second-largest cryptocurrency couldn’t escape the broad sell-off sparked by Bitcoin’s correction.
The ETH/USD pair is forming a medium-term downtrend while correcting within a long-term uptrend. Last week, the price tested the lower boundary of the descending channel at 3540.00 (Fibonacci 38.2% retracement). A breakdown below this level could push the pair toward 3125.00 (Murray [2/8], Fibonacci 50.0%) and 2500.00 (Murray [0/8]). However, if the price breaks above 4062.50 (Murray [5/8], Fibonacci 23.6%) and the middle Bollinger Band, it could exit the range and continue higher toward 4687.50 (Murray [7/8]) and 5000.00 (Murray [8/8]).
More than 2.3 million Solana (SOL) — about $425 million — jumped between wallets in under 30 minutes on November 1. According to Whale Alert, part of the funds ended up on Coinbase, while the rest moved through a chain of unknown addresses. No one has said publicly what the purpose was, so the market is now guessing: was it a whale reshuffling coins, or was it an institutional desk moving liquidity in bulk?
The SOL/USD pair trades within a long-term upward channel but remains near its lower boundary. Investors were disappointed by comments from Federal Reserve Chair Jerome Powell, suggesting the Fed might keep interest rates unchanged in December, which prevented the pair from gaining momentum. Prices remain around the middle Bollinger Band line. The key bearish support zone is still seen at 187.50–183.80 (Murray level [4/8], 50.0% Fibonacci correction). A break below this range could push the pair out of the channel, targeting 165.70 (38.2% Fibonacci correction) and 140.62 (Murray level [1/8], 23.6% Fibonacci correction). Conversely, a rebound and consolidation above 218.75 (Murray level [6/8]) would open the way to 250.00 (Murray level [8/8]) and 265.62 (Murray level [+1/8]).
The XRP/USD pair has stabilized around 0.6400 this week as investors maintain a cautious stance ahead of the U.S. Federal Reserve’s interest rate decision at 20:00 (GMT+2) and tomorrow’s meeting between President Donald Trump and China’s Xi Jinping.
Evernorth Holdings, an investment firm backed by Ripple, has purchased over $1 billion worth of XRP to establish the world’s largest public crypto treasury.
On October 28, trading began on the New York Stock Exchange (NYSE) for the new spot exchange-traded fund (ETF) based on Solana, launched by Bitwise under the ticker BSOL.
The ETH/USD pair continues to form a medium-term downtrend, correcting within a long-term uptrend. Last week, the price reached 3750.00 (Murray level [4/8]) at the lower boundary of the descending channel but failed to break lower and resumed growth. Currently, the price has consolidated above 3962.50 (Murray level [5/8], Fibonacci correction 23.6%), supported by the middle Bollinger Band. However, confirmation of an uptrend will only occur after the price secures above 4375.00 (Murray level [6/8]) with a breakout of the upper boundary of the ascending channel — in this case, the movement could continue toward 5000.00 (Murray level [8/8]) and 5625.00 (Murray level [+2/8]). The key level for the “bears” remains 3750.00 (Murray level [4/8]): consolidation below it could trigger further decline toward 3125.00 (Murray level [2/8], Fibonacci correction 50.0%) and 2500.00 (Murray level [0/8]).
The privacy coin Zcash is experiencing a real “second spring.” Over the past 24 hours, the price of ZEC has surged by 20% to reach $350 — its highest level since 2017. Meanwhile, its market capitalization has surpassed $5 billion for the first time.