Ether price trend forecasts triple-digit rally as ETH ETF inflows resume

Dogecoin's price increased by 4% to $0.14, with a market capitalization of approximately $21 billion and a trading volume of around $1.6 billion. This rise follows a notable surge in on-chain activity, with daily active addresses exceeding 67,500, marking a significant uptick in engagement on the network.

Anthony Scaramucci has expressed confidence that Solana will surpass Ethereum in market capitalization, while also affirming his appreciation for Ethereum and Avalanche, stating he is not exclusive to any single blockchain. This assertion highlights the competitive landscape within the cryptocurrency sector.

XRP has recently dropped below $2, leading to deeply negative funding rates, which typically signal a potential buying opportunity for traders. However, the current market sentiment appears to be holding back bullish activity despite these indicators.

Ethereum's price has faced renewed weakness, being rejected for the second time at the 200-day moving average around $3,400, indicating potential for a deeper correction. This rejection follows a period of volatility where the cryptocurrency has struggled to maintain upward momentum.

Bitcoin's recent price trajectory has shown a decline in optimism, with prediction markets indicating a low probability of the cryptocurrency reaching $100,000 before the year's end. This follows a significant crash on October 10, which has dampened bullish sentiment among investors.

Crypto exchange-traded funds (ETFs) have extended their rally, with Bitcoin leading the charge, attracting $224 million in inflows. This surge follows a period of volatility in the cryptocurrency market, where Bitcoin and Ether faced significant outflows, contrasting with the positive performance of Solana and XRP.

Revolut has integrated with Trust Wallet to enable users in the European Economic Area (EEA) to purchase cryptocurrencies such as BTC, ETH, SOL, USDC, and USDT directly into self-custody wallets, with options for zero fees under the Markets in Crypto-Assets (MiCA) regulation. This integration aims to simplify the buying process for users seeking to manage their digital assets independently.

Bitcoin is projected to reach a price bottom in 2026 as exchange trading volumes continue to decline, indicating a prolonged period of reduced market activity. Analysts suggest that this trend reflects a broader bearish sentiment within the cryptocurrency market.