Technical Analysis

Ethereum declined 18% in Q4 compared to Bitcoin's 9.41% loss, with the ETH/BTC ratio falling 7% this week and breaking below the 0.36 level that held through October. Whales accumulated 394,682 ETH worth $1.37 billion on November 4 when prices dropped to $3,000, establishing an average cost basis of $3,488. Ethereum Open Interest has decreased $30 billion since mid-October, exceeding Bitcoin's $24 billion decline and indicating a deeper leverage flush.

U.S.-listed Solana spot ETFs recorded $9.7 million in net inflows over 24 hours, with Bitwise's BSOL contributing $7.5 million and Grayscale's GSOL adding $2.2 million, data show. The two funds have attracted a combined $294 million since launch. SOL rebounded from support near $150 as derivatives data showed negative funding rates of -0.179 and $2.636 million in short liquidations.

The 1inch token surged 29% after the project's investment fund acquired $5 million worth of tokens on Binance at $0.15, according to Arkham data. Network activity intensified as transactions rose from 1,000 to 4,800 within 24 hours and active addresses increased from 324 to 551. The token encountered resistance at $0.20, with gains moderating to 17% at press time.

Three major altcoins show pronounced technical weakness as selling pressure intensifies. XRP's 50-day moving average nears a bearish crossover below its 200-day moving average, potentially forming a death cross within days. Ethereum trades near $3,600 after breaking below its 200-day moving average, while Cardano's RSI has dropped to 31, indicating extreme oversold conditions with all major exponential moving averages aligned in a death cross pattern.

Veteran crypto analyst Trader Mayne maintains his bull cycle thesis remains intact following a billion-dollar liquidation event. He expects Bitcoin to establish a weekly cycle low by mid-November that could enable another rally into year-end. Despite recent volatility, Mayne continues holding a core spot position and focuses primarily on major cryptocurrencies.

Bitcoin fell to $98,900 during intraday trading before recovering above $101,000, data show. The cryptocurrency broke below its $107,000 support level after trading in a range between that floor and $123,000 for approximately 130 days. The decline triggered roughly $640 million in long position liquidations across futures markets within 24 hours.

Digital asset markets recorded approximately $500 million in capital outflows this week as Bitcoin fell below $100,000 and the TOTAL2 index declined 9%. While bearish momentum dominated, targeted inflows into Zcash and Solana ETFs indicate investors are reallocating rather than exiting entirely. Derivatives markets saw nearly $4 billion in losses since early November, with 77% attributed to long position liquidations.

Large Ethereum holders purchased 394,682 ETH worth approximately $1.37 billion over three days, data show. The buying activity occurred as ETH consolidated near $3,380 after finding support at its 200-day moving average following Tuesday's decline below $3,100.

Dogecoin is trading near the critical $0.15 support level following a 12.9% weekly decline. Despite current market weakness, multiple analysts predict a significant rebound with price targets reaching $0.48 by early next year, contingent on key technical levels holding. The token faces intensified selling pressure amid elevated long position liquidations and declining futures open interest.

Bitcoin traded above $103,000 with a 1% gain in 24 hours after the week's decline. Technical analysts warn that sustained weekly closes below the 50-week moving average at $102,000 have historically preceded market tops. Year-to-date performance shows gold and the S&P 500 now outpace Bitcoin returns despite favorable conditions including rate cuts and regulatory developments.