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Ethereum has failed to regain momentum following a 15.8% decline earlier this month. The altcoin king continues to struggle with weak recovery signals, trading sideways as investors cautiously adjust their positions. 

Although selling pressure has eased, Ethereum’s price recovery remains limited due to broader market headwinds.

Ethereum Investors’ Selling Recedes

Data from the exchange net position change indicator shows a gradual decline in Ethereum outflows over the past few days. This trend suggests investors are slowing their selling activity, which could favor a potential stabilization in price. 

A consistent reduction in exchange outflows typically reflects cooling bearish sentiment among traders. However, the current phase marks a pause rather than a reversal. The drop in selling volume has yet to translate into notable accumulation, a key condition for sustained recovery.

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The Relative Strength Index (RSI) paints a cautious picture of Ethereum’s momentum. The indicator remains below the neutral 50 mark, signaling persistent bearish pressure despite a slight rebound from oversold conditions. This suggests that sellers still hold dominance, and ETH’s path to recovery remains uncertain.

For Ethereum to reclaim bullish momentum, the RSI must climb above 50 and sustain higher readings. Such a move would indicate renewed investor confidence and stronger buying activity, which could help drive price recovery.

ETH Price May End Up Consolidating

Ethereum is trading at $3,512, holding slightly above the $3,489 support level after recent volatility. Despite minor improvements, the altcoin king remains below key resistance levels, struggling to recover fully from this month’s 15.8% decline.

ETH price must breach the $3,607 resistance to confirm a shift in trend. Current indicators suggest it may continue consolidating within the $3,489 to $3,287 range as momentum remains neutral.

If market conditions improve next week, Ethereum could bounce back and test $3,607 again. A successful breakout could push the price toward $3,802. This would signal renewed bullish strength and invalidate the current bearish outlook.

Bitcoin, gold, and silver prices are trending on shaky grounds as bullish momentum weakens, progressively putting BTC, XAU, and XAG at the cusp of corrections.

Analysts say Bitcoin is acting as if it has found its IPO price, with original sellers exiting, venture capital liquidity drying up, and fear rising. If this is the case, the pioneer crypto could very well be looking for a bottom.

Support at $100,300 Remains the Lifeline for Bitcoin Price

Researcher Jordi Visser says Bitcoin appears to have found its IPO price, signaling early signs of a market bottom. The tongue-in-cheek post aligns with remarks from other analysts suggesting a shift to market maturity.

From a technical standpoint, however, the pioneer crypto risks a breakdown before the next bullish wave. After breaking below the ascending trendline, BTC dropped to test the $100,300 support level.

The $100,300 support level is critical, serving as the mean threshold or midline of the demand zone between $102,120 and $98,200. A break and close below it on the daily timeframe, therefore, would confirm the continuation of the downtrend. Traders looking to take short positions on BTC/USDT should consequently wait for confirmation below $100,300.

With the RSI (Relative Strength Index) below 50, buyer momentum remains weak, and the price could pull back. Below $100,300, the BTC price could drop to $93,708, which is nearly 10% below current levels.

However, as $100,300 continues to hold as a support level, the Bitcoin price could push north, potentially breaking above immediate resistance at $104,300. To confirm an uptrend, however, bulls are already waiting above $108,173 to interact with the BTC price.

The ensuing buyer momentum above the aforementioned level could see the Bitcoin price rise to $111,999. In a highly bullish case, BTC could ascend to flip $117,552 into support. For a shot at a new all-time high, however, BTC must record a daily candlestick close above $123,891.

The RSI is also showing signs of an imminent buy signal, which will be executed once the purple line (RSI) itself) crosses above its signal line (yellow).

Gold Price Failed Every Time It Tested This Resistance

The gold price has tested this falling trendline since late October, and each time it has, it has corrected. Based on this history, the recent test may not be any different, and the XAU price could fall to $3,983.

If the $3,983 support level fails to hold, the gold price could extend a leg south to $3,964, or in the dire case, fall to $3,938.

Bearish sentiment for the gold price was exacerbated by the sell signal executed when the RSI crossed below its signal line.

Conversely, if bullish momentum increases at current levels, the gold price could break above the midline of the ascending parallel channel, which confluences with the descending trendline.

This breakout, confirmed with a one-hour candlestick close above $4,014, would put the XAU/USD trading pair back on course for more gains, defined within this ascending parallel channel.

Such a directional bias could see the gold price reclaim the $4,040 threshold, levels last tested in late October. In a highly bullish case, the XAU/USD pair could rise to $4,061.

Silver’s Two-Week Support Faces Stress Test

Since October 25, the ascending trendline has provided significant support for the silver price, which has consolidated along it as it pushed higher. Now, with multiple resistances looming, this longstanding support is subjected to what can only be a stress test.

While the 50-day SMA (Simple Moving Average) offers initial support at $48.05, overhead pressure due to the 100- and 200-day SMAs at $48.89 and $48.49, respectively, could cap silver’s short-term upside potential.

If the ascending trendline breaks as support, the silver price could provide another buying opportunity at $47.36, which coincides with the 78.6% Fibonacci retracement level. The dire case is a fall off the cliff to $45.45, nearly 6% below current levels.

The RSI position at 52 also suggests not-so-strong buying pressure, increasing the odds of a pullback.

On the other hand, if the 50-day SMA at $48.05 serves as a buyer congestion level, buying pressure from this support could catalyze further upside.

A decisive break and close above the resistance confluence at $48.86, earmarked by the most critical Fibonacci retracement level of 61.8%, could encourage more buy orders, sending XAG/USD above $49.23.

In a recent social media post, prominent venture capitalist Jason Calacanis has stated that he would never touch Michael Saylor's Strategy even if the stock were to crash. 

Calacanis also argues that there should be no Bitcoin bailouts if the company happens to go underwater. 

The caustic comments of the early Uber investor come after the Wall Street Journal reported that digital asset treasury companies are "crumbling." 

Earlier, Calacanis argued that investors have to avoid Saylor and buy Bitcoin directly. Back then, the angel investor said that he was 95% certain that he would end up being right. 

He has also claimed that Strategy's bet was too "convoluted," but he has stopped short of describing it as a Ponzi scheme in his most recent social media post. 

"Whenever you see a company using creative new metrics or innovative capital structures, consider that worthy of deeper investigation. Could be nothing, could be brilliant, or could be something bad," Calacanis said back in April.

For now, there is only a 3% chance of Strategy being forced to liquidate its holdings. 

Will Strategy bounce back?

As reported by U.Today, Jim Chanos, founder of Kynikos Associates, recently announced that the firm had unwound its anti-MSTR trade after pocketing hefty returns. The stock of the leading Bitcoin treasury firm had crashed by a whopping 45% after Chanos initially announced his bet against Saylor in mid-May. 

In late October, Strategy had to boost yield on its preferred shares in order to increase faltering demand. 

Some believe that Chanos's latest move might be a sign that cryptocurrency treasury companies will finally see some sort of bullish reversal after facing steep losses. 

For now, however, they remain under rather severe pressure, and those companies whose crypto holdings are currently in the red will struggle to sell more shares. 

After a disappointing performance during the week, the price of Bitcoin has continued its sluggish action over the weekend. According to data from CoinGecko, the premier cryptocurrency has been hovering around the $102,000 level over the past 24 hours.

While this current choppy price action seems like an improvement from the severe downturn witnessed in recent days, it doesn’t particularly bring calm to the world’s largest cryptocurrency. Interestingly, the latest on-chain data suggests that the Bitcoin price might still be at risk of further correction in the coming days.

Why BTC Price Might Find Bottom Around $95,000

In a November 8 post on the social media platform X, on-chain analyst Burak Kesmeci predicted the local bottom for the price of Bitcoin. According to the crypto pundit, the flagship cryptocurrency could fall to as low as $95,000 before seeing relief and perhaps rebounding to new price highs.

The relevant metric here is the Realized Price of Unspent Transaction Output (UTXO) age bands, which evaluate the holding pattern of different investor classes through their different realized prices. The UTXO age bands metric tracks the average price at which Bitcoin holders purchased their coins compared to how long they’ve held the assets.

The age bands under focus in Kesmeci’s analysis are the 1-week to 1-month group (green line) and the 1-month to 3-month cohort (purple line), which offer insight into short-term holders’ behavior and overall market sentiment. According to the on-chain analyst, the green line has crossed below the purple line three times in 2025.

Kesmeci noted that this cross often preceded short-term corrections, including the ones seen on February 24 ($99,000 to $76,000) and September 8 ($117,000 to $109,000). Similarly, this cross occurred on November 1, with the Bitcoin price falling from $110,000 to $99,000.

Furthermore, the average dip suffered by the Bitcoin price on these three occasions stands at around 13.3%, with a 45-day consolidation period. Based on this historical pattern, Kesmeci expects the Bitcoin price bottom to form around the $95,000 and $96,000 region after the most recent crossing of the 1-week to 1-month band below the 1-month to 3-month band.

Kesmeci concluded:

Bitcoin Price At A Glance

As of this writing, the price of BTC stands around $102,440, reflecting a nearly 1% decline in the past day.

Spanish crypto influencer Álvaro Romillo, founder of the alleged Ponzi scheme Madeira Invest Club (MIC), has been detained without bail by a Spanish court on charges of perpetrating a $300 million fraud. 

Romillo was arrested in Spain on Thursday after being deemed a flight risk when Spanish officials discovered a Singapore bank account, funded with €29 million ($33.5 million) from businesses linked to Romillo, according to local news reports. National Court judge José Luis Calama ordered Romillo imprisoned without bail after Romillo testified before the court, answering questions for two hours. 

The Central Operational Unit of Spain's Civil Guard believes Romillo's MIC perpetrated a Ponzi scheme that defrauded 3,000 victims for a total of €260 million (over $300 million). Spanish authorities began probing MIC in late 2024, announcing three complaints in Oct. 2024. Over the past year, Romillo has cooperated with authorities, appearing at court hearings, while law enforcement seized assets including dozens of luxury cars . 

Only when prosecutors discovered the foreign bank accounts was Romillo arrested out of fear that he would flee the country, according to reports. The fraud could wind up with Romillo sentenced "to 9 years in prison, and even up to 18 years in prison if it is considered that they constitute a mass offense," a report obtained by Cadena SER stated. 

MIC solicited deposits (around €2,000 minimum per investor) to buy digital “artwork” contracts and shares in luxury goods, like yachts, Ferraris, and gold, with guaranteed buyback and fixed profits that were unusually high, at around 20% per year. Romillo told the court during his appearance Friday that he intended to pay investors back and has even returned money to 2,700 parties, though he did so in cash and claimed to have no way to account for the payments. 

Romillo had also previously admitted to funding the 2024 election campaign of far-right Spanish MEP Luis "Alvise" Pérez, leader of the SALF party, with a €100,000 under-the-table cash donation. Pérez is under investigation in a separate case from the larger MIC investigation. 

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United States President Donald Trump announced on Sunday that most Americans will receive a $2,000 “dividend” from the tariff revenue and criticized the opposition to his sweeping tariff policies.

“A dividend of at least $2000 a person, not including high-income people, will be paid to everyone,” Trump said on Truth Social.

The US Supreme Court is currently hearing arguments about the legality of the tariffs, with the overwhelming majority of prediction market traders betting against a court approval.