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.
The ETH/USD pair is correcting downward against the long-term trend, showing signs of forming a descending channel. Last week, the price reached the upper boundary near 4687.50 (Murray level [7/8]), then dropped to the lower one and has now resumed movement from the middle line of the Bollinger Bands. The next potential downside targets are 3540.00 (38.2% Fibonacci correction) and 3125.00 (Murray level [2/8], 50.0% Fibonacci correction). The key resistance for bulls remains at 4687.50 — a breakout above this level could trigger an exit from the channel and fuel further growth toward 5000.00 (Murray level [8/8]) and 5625.00 (Murray level [+2/8]).
BNB is back on top — the coin surged to a new all-time high of $1,370 as traders line up for a breakout. After a steep weekend sell-off, Binance Coin (BNB) came roaring back on Monday, flashing real strength and reclaiming lost ground, according to TradingView. The daily chart paints a clean, cup-shaped rebound from the Fibonacci 0.5 level near $1,085, with buyers stepping in hard once the Fair Value Gap (FVG) around $1,231 was filled — a level now acting as firm short-term support.
The SOL/USD pair continues to move within a long-term upward trend, forming a rising channel. However, since the beginning of the month, growth has slowed, and the price has entered a sideways range between 234.38 and 218.75 (Murray levels [7/8]–[6/8]), unable to break out so far. A consolidation above the upper boundary of this range could open the way for further gains toward 250.00 (Murray level [8/8]), 265.62 (Murray level [+1/8], upper boundary of the ascending channel), and 281.25 (Murray level [+2/8]). Conversely, a decline below the middle Bollinger Band at 218.75 (Murray level [6/8]) could resume the correction toward 183.80 (50.0% Fibonacci retracement), signaling a potential range breakdown.
XRP/USD. The XRP/USD pair trades within a medium-term sideways channel between 3.1250 and 2.7344 (Murray levels [4/8]–[2/8]). Last week, after the start of the U.S. government shutdown, the pair rose to the upper boundary of the range but then pulled back, now testing the 2.8320 level (Murray [1/8]).
Since the end of last month, the ETH/USD pair has resumed active growth in line with the broader market trend, driven by political instability in the United States. The ongoing government shutdown has put significant pressure on the U.S. dollar, increasing investor demand for alternative assets — including digital currencies.
Bitcoin set a new all-time high in the early hours of Sunday, confirming the seasonally strong start to the fourth quarter. Yet while most observers remain focused on the market’s benchmark cryptocurrency, a key question arises: can Ethereum also pick up momentum and break above $5,000?
Canary Capital’s spot Litecoin ETF has hit a roadblock after the SEC blew past its October 2nd deadline. The timing couldn’t be worse: a partial government shutdown has left investors in the dark, with no clarity on when approvals will move forward or how the new listing rules will shape the dozens of crypto ETF applications piling up. The launch still looks possible — but not anytime soon.
Crypto Market Update: Ethereum Tops $4,500, BNB Hits Records. Bitcoin holds steady above $120,000 as altcoins surge, fueling speculation that the long-awaited crypto bull run has begun.