Last chance for Ethereum? ETH price pattern breaks down as $4K must hold

BlackRock is making waves in the financial world, raking in an impressive $260 million annually from its Bitcoin and Ether ETFs. This significant revenue not only highlights the growing interest in cryptocurrency investments but also positions BlackRock as a leader in the traditional finance sector's adoption of digital assets. As more investors look to diversify their portfolios with cryptocurrencies, BlackRock's success could set a new benchmark for the industry.

This week, the crypto market has experienced significant declines, with major assets like Bitcoin, Ethereum, and Solana seeing drops. However, this downturn presents an opportunity for investors to reassess their strategies and consider diversifying their portfolios. By focusing on the best cryptocurrencies, investors can position themselves for potential rebounds in the market. Understanding these fluctuations is crucial for making informed decisions in the ever-evolving crypto landscape.

The crypto market is facing a tough time as Ethereum and major altcoins like Solana and HYPE struggle to recover from a significant $1.5 billion liquidation. This downturn highlights the ongoing volatility in the cryptocurrency space, raising concerns among investors about the stability and future of these digital assets.

Ethereum co-founder Vitalik Buterin has praised Coinbase's Base network, highlighting its impressive 160 transactions per second (TPS) as a model for Layer 2 solutions. His endorsement emphasizes Base's blend of usability and security, setting a new standard in the blockchain space. This recognition could spark increased competition among Layer 2 networks, potentially driving innovation and investment in the sector, which is projected to reach a $20 billion market.

Bitcoin is showing promising signs as it holds above $113,000, with whale accumulation and decreasing exchange reserves indicating strength in the market. Despite some short-term technical caution, the recent price increase of 0.3% in the last 24 hours suggests a positive outlook for investors. This trend is significant as it reflects growing confidence among large investors, which could lead to further price increases and stability in the cryptocurrency market.

The Global M2 Money Supply is on the rise, and analysts are now predicting that Ethereum could soon reach a price of $20,000 based on this trend. This follows a similar analysis that successfully forecasted Bitcoin's surge to $124,400. The increasing money supply suggests a bullish outlook for Ethereum, making it an exciting time for investors and crypto enthusiasts alike. Understanding these financial indicators can help investors make informed decisions in the volatile cryptocurrency market.

Recent reports indicate that BlackRock and other major firms have experienced $76 million in outflows from Ethereum ETFs, reflecting the ongoing volatility in the market and changing preferences among investors. This trend is significant as it could influence institutional strategies and the overall landscape of digital assets, highlighting the challenges faced by cryptocurrencies in attracting and retaining investment.

Experts are optimistic about Ethereum's potential to become a leading settlement layer for artificial intelligence transactions. This shift could significantly enhance the platform's utility and drive demand for ETH, potentially leading to a surge in its value. As AI continues to grow, Ethereum's adaptability positions it well in the evolving tech landscape, making this development crucial for investors and tech enthusiasts alike.

Analysts are optimistic about Ethereum's potential rebound after a recent dip, as it seeks to maintain crucial support levels. Despite a significant drop in price, the ongoing accumulation by crypto treasury companies suggests confidence in Ethereum's future. This matters because a bounce back could signal a recovery for the broader cryptocurrency market, impacting investors and traders alike.

Vitalik Buterin has come out in support of Base and layer-2 networks, addressing recent regulatory concerns that have sparked fear, uncertainty, and doubt (FUD) in the crypto community. He emphasized that these networks are essential extensions of Ethereum's infrastructure rather than mere exchanges. This endorsement from a prominent figure in the blockchain space is significant as it reinforces the legitimacy and potential of layer-2 solutions, which aim to enhance scalability and efficiency in the Ethereum ecosystem.

Synthetix is gearing up to launch the first perpetual decentralized exchange on the Ethereum mainnet in Q4 2025, which is exciting news for the crypto community. This launch not only marks a significant milestone for Synthetix but also introduces a new trading competition with a prize pool of $1 million, encouraging traders to participate and explore the innovative features of this new platform. It's a big step forward in the evolution of decentralized finance, promising to enhance trading opportunities and liquidity.

Ethereum's price has taken a significant hit, dropping below the crucial $4,250 mark, which raises concerns among investors. If it breaks the $4,120 support zone, further declines could follow. This situation is critical as it indicates a bearish trend, and traders are closely watching for any signs of recovery above $4,250 and $4,320. Understanding these price movements is essential for anyone involved in cryptocurrency, as they can impact market sentiment and investment strategies.

The REXShares Solana Staking ETF has seen a significant boost with a $27 million inflow, bringing its total assets under management to $306 million. This surge reflects the growing interest in cryptocurrency ETFs and staking, highlighting a positive trend in the market. As more investors look to diversify their portfolios with crypto assets, this ETF's growth is a promising sign for the future of digital finance.

Smart Digital Group has announced an exciting plan to create a diversified cryptocurrency asset pool, which could play a crucial role in stabilizing the markets. This initiative is expected to attract more traditional investors, potentially leading to significant growth in the overall cryptocurrency market. As institutional adoption increases, it may pave the way for a more robust and resilient financial ecosystem.

Bitcoin is currently facing challenges as it hovers around the $113,000 mark, with traders setting new price bottom targets amid fluctuating market conditions. The recent dovish remarks from Fed's Bowman regarding potential rate cuts have not provided much support for bullish traders, highlighting the ongoing uncertainty in the cryptocurrency market. This situation is significant as it reflects the broader economic influences on digital currencies and the cautious sentiment among investors.

Today's crypto news highlights the latest trends and events affecting Bitcoin prices and the broader cryptocurrency landscape, including blockchain developments, DeFi innovations, NFT updates, and regulatory changes. Staying informed is crucial for investors and enthusiasts alike, as these factors can significantly influence market dynamics.

Aster, a new decentralized exchange for on-chain perpetuals founded by former Binance CEO Changpeng Zhao, has achieved a significant milestone by surpassing Hyperliquid in daily trading volume. On September 23, Aster reported over $12 billion in contracts traded in just one day, marking a notable success for the platform. This achievement not only highlights Aster's growing influence in the decentralized finance space but also reflects the increasing interest in on-chain trading solutions.

BlackRock is making waves in the financial world, raking in an impressive $260 million annually from its Bitcoin and Ether ETFs. This significant revenue not only highlights the growing interest in cryptocurrency investments but also positions BlackRock as a leader in the traditional finance sector's adoption of digital assets. As more investors look to diversify their portfolios with cryptocurrencies, BlackRock's success could set a new benchmark for the industry.