This Friday, we examine Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid in greater detail.
Ethereum (ETH)
Ethereum had a tough week after losing support at $4,000. Its price also closes with a 13% loss. This correction is quite significant and comes after bulls failed to move ETH above $5,000. Since then, sellers have had the upper hand.
If buyers cannot reclaim $4,000 as support, this level will turn into a key resistance and push this cryptocurrency much lower and towards $3,345, which is the next major support on the chart.
Looking ahead, the next few days are critical for Ethereum as they will decide if the price continues down or reverses. Ideally, buyers return in force soon to stop this downtrend, but that appears unlikely at the time of this post.
Chart by TradingView
Ripple (XRP)
With most of the market in red, XRP also lost 10% of its valuation this week, and its price fell to the key support at $2.72. This level was tested before in early September and held well, but a second test could be less successful if buyers don’t show interest soon.
Should $2.72 fall, then this level will turn into a resistance, and buyers will retreat to $2.55, where the asset has a higher chance to bounce. The momentum is also bearish on the daily and higher timeframes, which makes this an uphill battle for bulls.
Looking ahead, XRP failed to make a higher high most recently. That’s a sign of weakness that could prolong this downtrend for some time.
Chart by TradingView
Cardano (ADA)
Cardano holders had a disappointing week after the price fell by 16%. That’s a significant crash for such a short period of time, which has taken the price to the $0.77 support. Should that fall, buyers will retreat to $0.64 next.
This most recent impulse up in mid-September failed to reclaim a price of $1. With a lower high confirmed, sellers took over and pushed ADA lower. Because of this, this cryptocurrency has a high chance of making lower lows in the near future.
Looking ahead, this downtrend is likely to continue and only find relief around the $0.60 area where buyers were active in the past. Moreover, the price action shows Cardano has lost its bullish momentum and would be a surprise to see it recover the recent losses.
Chart by TradingView
Binance Coin (BNB)
Binance Coin made a new record price last Sunday at $1,083. However, the celebrations were short-lived. Since that moment, the price entered a correction that made it close the week with a 5% loss.
The asset also fell back under $1,000, but has great support at $900 and $830, where buyers could return in the future. The $1,000 level could also act as resistance going forward.
Looking ahead, despite the ongoing correction, this cryptocurrency remains one of the strongest performers in the market. Any future recovery will likely see BNB perform very well, which could see it attempt new price records towards the end of 2025.
Chart by TradingView
Hype (HYPE)
Surprisingly, HYPE is the worst performer on our list this week after a crash of 26%! This huge loss came on the back of the recent launch of Aster, the Binance-backed decentralized exchange created to compete with Hyperliquid.
Liquidity left HYPE and moved to Aster, which had a tremendous impact on its price. Sellers visited the $40 support before buyers returned. The current resistance levels are found at $44 and $50.
Looking ahead, the battle between decentralized exchanges just got tuned to the max as liquidity and traders switch between platforms chasing quick gains. While Hyperliquid may suffer right now, this could also be a good opportunity to get exposure at discounted prices.
Chart by TradingView
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Ethereum Derivatives Traders Position for $4K Rebound, Data Shows
Ethereum ( ETH) derivatives traders are back in full swing, with open interest, volume, and options activity all flashing signs of renewed energy across futures and options markets. ETH Max Pain Sits Near $3,300 as Traders Eye Key Expiry Levels At 10 a.m. Eastern time on Nov… Read More
ETH2 Beacon Deposit Contract Now Controls 60% Of All Ethereum: Arkham
Rain Lohmus bought $75,000 worth of ETH in 2014, which is now worth $871 million. Yet, he cannot move even a single coin.
New on-chain research from Arkham Intelligence this week shows that the wallet address holding the most ETH today is not an individual, not an exchange, not an ETF issuer, but the staking contract that secures Ethereum.
According to Arkham, the ETH2 Beacon Deposit Contract currently holds more than 72.4 million ETH, worth around $252 billion at current market prices, and represents approximately 60% of the total supply.
Ethereum’s Power Center
In terms of individuals, the research firm confirmed that the largest known individual holder of ETH is still Rain Lohmus, the founder of Estonian bank LHV, who bought 250,000 ETH in the 2014 presale for around $75,000. Those coins would now be worth roughly $871 million, but Lohmus does not have access to them because he lost the private keys years ago.
The second largest identifiable individual holder is Ethereum co-founder Vitalik Buterin, who currently holds around 240,000 ETH, worth around $840 million.
Beyond individual wallets, centralized exchanges and institutional entities collectively control some of the largest pools of Ether. Binance, for one, holds approximately 4.09 million ETH, while asset manager BlackRock holds around 3.94 million ETH, largely associated with its iShares Ethereum Trust ETF. Coinbase is the next largest institutional holder, with approximately 3.5 million ETH across multiple addresses, including cold wallets and staking reserves for its cbETH staking token.
Following suit are Upbit, Robinhood, Kraken, OKX, and Bitfinex, which appear among the top institutional holders.
Seized Funds, Stolen Funds, and Layer-2 Bridges
Arkham found that governments also appear on the leaderboard. For instance, the United States government controls around 60,000 ETH, which largely consists of seized criminal funds, including from the Potapenko/Turogin case and from seizures related to the Bitfinex hacker.
Several high-profile hacker wallets remain among large holders, including the wallet controlled by the Gatecoin exploiter, which continues to hold more than 156,000 ETH stolen back in 2016. On the infrastructure side, the Wrapped Ether (WETH) contract holds over 2.2 million ETH, representing the supply of WETH minted to make ETH compatible with ERC-20 standards.
The dataset shows that native Layer 2 bridges also account for significant locked ETH, including 833,000 ETH deposited into Arbitrum’s native bridge and around 723,000 ETH deposited into Base’s bridge. Overall, the latest on-chain data identifies staking contracts, exchanges, ETF issuers, bridges, and custody platforms as the largest known entities holding Ether today.
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Ethereum Traders Just Flipped Bullish, But History Says This Is a Major Red Flag
Ethereum’s bounce toward $3,500 triggered instant FOMO, but Santiment says extreme optimism usually means price is about to disappoint.
Ethereum traders have swung sharply from extreme bearishness to extreme bullishness within just a few days, based on social media sentiment.
But fresh data suggest that when ETH nearly rebounded to $3,500 on Thursday, the crowd interpreted the move as a confirmation that the asset was “back in business.”
ETH Trader FOMO
Santiment warned that this sudden pivot is similar to the same pattern seen earlier in the week, when retail panic selling actually contributed to the rebound. Now, the rapid return of FOMO could similarly stall further upside.
According to the analytics platform, prices have shown a tendency to move in the opposite direction of the crowd, and that more neutral sentiment phases have proven to be stronger buy signal environments than euphoric ones.
Crypto trader Ted Pillows also noted that even though the altcoin is showing some rebound after this week’s sharp decline, the recovery lacks conviction. According to Pillows, the current move higher, though modest, is being driven largely by short positions being closed rather than new spot buyers stepping in. He added that Ethereum needs to reclaim the $3,600-$3,700 price range with meaningful inflows to establish strength and dismiss the risk of further downside. Without that confirmation, Pillows believes the odds still favor lower prices from here.
Despite the near-term uncertainty, some traders say the bigger picture is still pointing toward a substantial upside scenario. For instance, crypto trader “Trader Tradigrade” said that ETH’s monthly chart is currently developing what he describes as a massive Inverse Head and Shoulders pattern, with a potential price target of $14,000 once confirmed.
“Wet Blanket” Phase
As the crypto market remains sluggish, Galaxy CEO Mike Novogratz believes that this could be due to long-term holders rebalancing their net worths and diversifying away from massive concentrated holdings after a very long bull market. Novogratz deems this to be a healthy sign in the medium and long term as these positions get distributed. In the short run, however, he said that “it’s a proverbial wet blanket” and has weighed on prices.
“I do not think we have seen cycle highs. I think by year-end, we (will) see a new Fed chair, and he will be far more dovish than markets are used to. Hopefully, that gives enough narrative to propel the next leg higher.”
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About the author
Chayanika has been working as a financial journalist for six years. A graduate in Political Science and Journalism, her interest lies in regulatory implications with a focus on technological evolution in the crypto realm.