Bitcoin held near $105,000 on Tuesday after brushing against a key resistance level. Traders say a clean break above this zone could support more gains for the largest cryptocurrency by market value.
There was a small shift in institutional activity. Spot Bitcoin ETFs in the U.S. posted about $1.15 million in net inflows on Monday. That move follows a week of heavy outflows and gives the market a bit of breathing room.
SoSoValue data shows the same figure: U.S. spot Bitcoin ETFs added $1.15 million on Monday, ending a run of withdrawals that reached roughly $1.22 billion last week. The return of inflows suggests selling pressure from bigger investors may be easing.
If that trend continues, analysts say it could help extend Bitcoin’s recovery and support broader sentiment across the market.
Fresh on-chain readings suggest Bitcoin is finding support near the $100,000 mark. A new Glassnode report released Monday said price action is starting to steady, hinting that a local bottom may be forming.
The report also highlighted a move back toward $106,000. Spot trading volumes rose from $11.5 billion last week to $14.1 billion on Monday, showing stronger participation and better liquidity.
At the same time, a slight uptick in cumulative volume delta pointed to easing sell pressure, according to chart data reviewed.
| Day | Minimum Price | Average Price | Maximum Price |
|---|
Bitcoin Holds Key Support as RSI Break Signals Possible Upside
Bitcoin is showing early strength after a bounce from a major trendline.
Independent analyst Bitbull shared his view and a daily chart on X, noting that the Relative Strength Index has broken above its recent downtrend.
He pointed out that the last time this signal appeared in late Q3 price moved toward new highs soon after.
The chart shows Bitcoin dipping toward the lower edge of a descending support channel before turning higher. Price briefly touched levels near $100,000 and then recovered.
This area has served as support since mid-July. Each time BTC has visited this zone, it has managed to find buyers and stage a short recovery.
The latest rebound looks similar to the move seen in September, when the price bounced from the same channel boundary and pushed higher. Analysts say a continued hold above this trendline may help keep the broader uptrend intact.
Bitcoin has been moving inside a tightening wedge pattern. A descending support band sits below the price, while the resistance slopes higher above it.
The top of this structure is around $126,000–$130,000, the same zone where the price was rejected in August. Even after last week’s pullback, buyers stepped in near the lower band, showing there’s still interest at these levels.
| Month | Minimum Price | Average Price | Maximum Price |
|---|
Bitcoin Price Prediction: Will This Familiar RSI Setup Lead to Another All-Time High?
The daily RSI has broken above a downtrend that started in early October. A similar shift happened in September and was followed by a strong rally that sent Bitcoin to a new all-time high.
This time, momentum turned after the RSI bounced from roughly the 35–40 zone and moved above its downward line. It’s still below the neutral 50 mark, but the move signals improving strength and hints that sentiment may be turning.
Price continues to respect long-term support, and the RSI breakout adds weight to the idea that the broader uptrend is still in play.
For now, the lower highs around $110,000–$112,000 remain the first short-term hurdle. A clean move above that zone could open the way toward the wedge’s upper boundary.
If Bitcoin stays above recent lows, the wedge pattern may resolve to the upside. A firm break above $115,000–$118,000 would strengthen that argument and could help drive another attempt toward the August highs.
Bitbull noted that a familiar setup is back: a support rebound alongside a break in the daily RSI downtrend.
The firm pointed out the same pattern near the end of Q3, shortly before Bitcoin hit a new record within a week. Past results don’t ensure a repeat, but the structure could tilt sentiment bullish if price action stays steady.
Bitcoin trades around $105,000 below its peak but above key support. A clear break under $100,000 would open room toward the mid-$90,000s, near the lower dashed trendline.
For now, the defended bounce and improving momentum keep the upside in play. Traders will track whether price follows the RSI higher, as it did previously, and sets up another push to the top side.
| Year | Minimum Price | Average Price | Maximum Price |
|---|
Will Retail Traders Return to Ethereum After October’s Market Shock?
Ether fell for a second day, slipping below $3,500 on Tuesday as pressure across risk assets weighed on crypto.
Monday’s recovery toward $3,700 faded on likely profit-taking, a cautious market tone, and unresolved macro risks. Interest in U.S. spot ETH ETFs also cooled: all nine products posted zero inflows on Monday, signaling a risk-off stance among larger investors.
Exchange supply trends lower
Data from CryptoQuant shows that Ethereum balances on Binance, the largest crypto exchange by trading volume, have been falling steadily since their peak in June and July. The latest figure puts the ETH supply ratio near 0.0327, the lowest level since May.
This drop points to fewer coins available for immediate sale, which could make the market tighter. If retail traders return, the lower supply may help support prices.
But analysts say this is not guaranteed. A shrinking exchange balance does not always lift prices right away. Ethereum could still trade sideways or even fall further. How the market handles this shift will matter for traders with short and long timeframes.
Retail activity has remained weak since the sharp October 10 sell-off, when roughly $19 billion in crypto assets disappeared from the market in one day.
Futures data shows a similar slowdown. Ethereum’s open interest now averages about $41 billion, down from $46 billion on November 1. A steady rise in open interest would likely be needed before Ethereum sees a stronger recovery in the short to medium term.
Ethereum continues to cement its lead in the tokenized asset market, shaping how investors view the network and its native token, Ether. Data on Tuesday shows that tokenized assets across all blockchains are worth about $314 billion.
Ethereum holds roughly $201 billion of that value, almost two-thirds of the market highlighting its role as the most active settlement layer in crypto as 2025 approaches.
Stablecoins still anchor most activity on the network. The supply of USDt and USDC on Ethereum supports deep liquidity across DeFi, cross-border payments, and trading platforms. This flow keeps Ethereum among the highest-throughput networks in the industry.
Fidelity Digital Assets says much of the progress beyond Bitcoin and Ethereum is now happening in stablecoins and tokenized real-world assets (RWAs). The firm notes that stablecoins have become a global way to move money. Over the past year, they settled close to $18 trillion more than Visa’s annual $15.4 trillion.
RWAs are also gaining ground fast. Tokenized U.S. treasuries, funds, and credit products on Ethereum now sit near $12 billion.
That makes up about 34% of the broader $35.6 billion RWA market. Projects like Ondo, Centrifuge, and Maple are helping drive this trend by offering yields of roughly 4% to 6% through tokenized treasury products and secured lending.
Research platform Token Terminal noted that the recent growth in tokenized markets is helping connect Ethereum’s nearly $430 billion market value with real activity happening on-chain.
The firm said the value of tokenized assets running on Ethereum now acts as a basic floor for how the market views ETH’s worth.
The trend is no longer limited to stablecoins. Tokenized investment funds on Ethereum have expanded sharply, with assets under management rising by nearly 2,000% since January 2024.
Much of that increase has come from major institutions, including BlackRock and Fidelity, as they bring traditional financial products onto blockchain infrastructure.
This pullback signals that more ETH may be moving into cold wallets or long-term holdings, a pattern commonly associated with accumulation. The shift also lined up with recent price action: Ether climbed toward the $4,500 to $5,000 range in August and September before sliding back to about $3,500.
Analysts said shrinking balances on exchanges often ease near-term selling pressure. If this trend continues and investor confidence improves, the market could see more stable pricing or a potential rebound.
Ethereum Signals Potential Fifth-Wave Rally as Price Rebounds From Key Support
Ethereum (ETH) is gaining traction again after defending a key support zone, according to a chart shared by an independent crypto analyst.
The analyst noted that ETH’s market structure remains solid despite recent swings, with momentum leaning toward a continued bullish setup.
The chart outlines an Elliott Wave pattern showing ETH likely completed wave (4) and could now be setting up for a fifth-wave move higher.
The correction formed a descending channel from mid-September to early November, with price pulling back sharply from the wave (3) peak before finding support at the channel’s lower boundary.
That same zone aligned with a long-term rising trendline, strengthening it as a possible reversal point. The analyst believes ETH may have found its bottom there, now showing early signs of recovery.
The commentary pointed out that traders might be overcomplicating the structure, missing the simple continuation setup in front of them.
The analysis implies that as long as ETH stays above the recent lows, the path of least resistance remains upward, potentially targeting fresh highs if momentum builds.
Channel Break Attempts and Trend Signals
ETH has started to climb from the wave-(4) low and is now pressing into the middle of its descending channel.
The upper boundary is still acting as resistance, but early buying shows that bulls are trying to take back control.
The token has not yet secured a move above the 50-day moving average. Even so, its bounce from the 200-day moving average keeps the broader picture steady. A clear break above the channel and the 50-day line would support a stronger bullish view and could speed up gains.
The analyst expects a possible advance toward a fifth Elliott Wave leg, pointing to a Fibonacci 2.618 extension near $6,045. This projection suggests ETH could erase recent losses and push toward new cycle highs.
On the chart, a sharp arrow rises from the breakout zone into the $5,500–$6,000 area, highlighting room for further upside. If wave (5) unfolds as expected, ETH could shift into a stronger trend backed by growing market confidence.
