Ethereum Plummets! 📉 Is This The End?

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Oh. My. God. Ethereum (ETH) has fallen below $4,000. Honestly, it’s like, the absolute worst. Apparently, that Jerome Powell character – you know, the one from the Federal Reserve? – has gone and said something vaguely ominous about interest rates. And naturally, everyone panicked. 🙄

He suggested the latest little reduction might be the last one for 2025. The. Last. One. As if our crypto lives weren’t complicated enough. Consequently, Ethereum is loitering around $3,900, which is down 2.2% today. Bitcoin and all the other ‘altcoins’ (whatever those are) are also looking a bit glum. It’s all very…stressful. 😩

The slightly dramatic pullback caused Ethereum ETFs to have a bit of a wobble, seeing $81.44 million flow out. Fidelity’s FETH was the biggest offender, shedding $69.49 million. So much for loyalty. Although, BlackRock’s ETHA fund bravely held its own with a respectable $21.36 million inflow. Good for them. It just goes to show, people are clearly taking profits because, let’s face it, who can resist?

Institutions are Still Buying. Why? It’s a Mystery. (Not Really.)

Despite the miniature meltdown, those mysterious ‘institutions’ are actually buying more Ethereum. Apparently, they now own 4.1% of all Ethereum, which is more than even Bitcoin! 🤯 I mean, seriously? It’s all down to this ‘GENIUS Act’ which is, allegedly, making everything clearer with stablecoins and on-chain finance. Who knew rules could be…attractive?

Apparently, this ‘clarity’ is making them trust Ethereum more. Like, it’s the foundation of the whole ‘DeFi’ and ‘tokenized RWAs’ thing. Which, frankly, sounds exhausting. But these funds are piling in, anticipating Ethereum’s ‘Web3 Dominance.’ A little optimistic, perhaps? 🤔

Technically, things are ‘mixed’ (whatever that means). The RSI is at 44 (apparently, that’s not great) and the MACD is below the signal line (equally unhelpful). Basically, things aren’t exactly screaming ‘buy’.

Analysts are saying if ETH doesn’t bounce back above $4,000 it could fall to $3,850- $3,750. Which, let’s be honest, is a terrifying thought. But if it does climb above $4,100, then maybe, just maybe, we could see $4,400-$4,500. One can dream! ✨

Everyone is Using Ethereum. Like, A LOT. (But the Price? Still Down.)

Interestingly, even though the price is going south, everyone is actually using the Ethereum network more than ever. Daily transactions and active addresses are at record highs. It’s like a very busy, slightly depressing party.

And gas fees are low! Like, historically low. Which is good, I suppose. Apparently, it’s all thanks to ‘Layer-2 networks’ (Arbitrum, Optimism, Base) making things more efficient. It’s all very technical. 💻

This is apparently a sign of Ethereum ‘evolving’ and getting ready for some ‘EIP-4844’ thing (don’t ask). Honestly, I’m just trying to keep up. 😩

Analysts seem to think that all this institutional interest and network activity, despite the short-term price wobble, means Ethereum will eventually recover. Once the ‘macroeconomic headwinds ease’ whatever that means… It’s a waiting game, really. A very stressful waiting game.

Cover image from ChatGPT, ETHUSD chart from Tradingview

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2025-10-31 06:14