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Ethereum 2025 Price Drop Mirrors 2020 Market Reset

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Ethereum Could Bounce Strongly from Recent Lows If It Follows Previous Bullish Cycle Patterns

Ethereum (ETH) has experienced a sharp price drop over the past three weeks, falling from a high of $4,960 to a low near $3,000. However, analysts suggest that Ethereum could bounce back strongly if it follows previous bullish cycle trends.

Analysts Predict Rally Towards $4,500-$4,800

Experts have noted that if the $3,000-$3,400 range continues to provide key support, ETH may rally towards the $4,500-$4,800 zone. This prediction is based on the observation that Ethereum’s recent price movement resembles the 2020 correction, when ETH fell from $490 to $308 before launching a major rally.

Historical Trends Point to Potential Upside

As Ethereum begins to regain momentum, several analysts are drawing comparisons between the 2020 market reset and the recent 2025 price drops.

Crypto analyst Galaxy on X highlighted a sharp rally in Ethereum’s price after both events. In 2020, ETH bounced back strongly after hitting a low of $308. Similarly, after falling to $3,064 in November 2025, ETH is now trading above $3,500. Based on this pattern, Galaxy predicted that ETH could repeat the 2020 rally and hit new highs.

Key Support Holding Between $3,000 and $3,100

Ethereum has found crucial support between the $3,000 and $3,100 levels. Historically, holding above this support zone has often preceded strong price recoveries, which could bode well for ETH’s near-term outlook.

Additional Analyst Insights

Another crypto analyst, Cas Abbe, shared an Ethereum price chart illustrating a Q2 2025 dip to around $1,800, followed by a roughly 55% rally to $2,800. Abbe suggests that the recent dip toward $3,000 may be a similar “fakeout” setup, paving the way for a major price rebound.

Popular crypto commentator Lark Davis added that ETH is maintaining a trendline support formed since April 2025, near $3,000. This support aligns with resistance from the 20 EMA and an impending MACD golden cross, indicating potential bullish divergence.

What’s Next for Ethereum?

Given the bullish MACD signals and historical price patterns, ETH appears poised for further gains. At press time, Ethereum was trading at $3,520, with a 24.2% increase in daily trading volume, reaching $39.8 billion.

Analyzing the daily ETH chart, Bitconsensus identified the $4,950 zone as the next key liquidity target. As ETH price moves upward, this level could attract significant trading activity, potentially triggering a breakout or a reversal.

Meanwhile, PRIME X reported that Ethereum whales have been accumulating ETH around the $3,200 price level. Such buying behavior during dips typically signals confidence in the asset’s longer-term potential.

If the $3,000-$3,400 support range holds, PRIME X suggests ETH could rally towards the $4,500-$4,800 range.

Institutional Interest Remains Strong

In a recent update, analyst Joseph Young projected that Ethereum’s market capitalization could climb into the trillions. Additionally, JPMorgan announced a $102 million investment in BitMine, demonstrating continued institutional exposure to Ethereum despite market fluctuations.

Conclusion

With key support levels holding, positive technical indicators, and growing institutional interest, Ethereum looks set for a potential strong rebound. Traders and investors will be closely watching the $3,000-$3,400 support zone and upcoming resistance levels as the market develops.

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https://bitcoinethereumnews.com/ethereum/ethereum-2025-price-drop-mirrors-2020-market-reset/

Rates Spark: The Shutdown Is Not All That Pains

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**ING Economic and Financial Analysis**

*By Benjamin Schroeder, Senior Rates Strategist*

With the end of the US government shutdown in sight, we could soon see a high concentration of important directional cues within a short time frame. However, even if job numbers deteriorate further, the downside for US rates may be limited by lingering inflation concerns.

Euro rates closely follow US rates and will require more upside surprises to break higher.

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**The anticipated end of the shutdown boosts optimism, but other worries remain**

Risk sentiment improved as the US Senate advanced a bill to end the government shutdown. Expectations are now shifting positively, but several concerns still linger in the background.

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From Trump to trade, FX to Brexit, ING’s global economists have it covered. Stay a step ahead by visiting [ING.com/THINK](https://www.ing.com/THINK).

*Please note:* We’re sorry we can’t reply to individual comments.

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**Content Disclaimer:**
The information in this publication is not an investment recommendation, nor is it investment, legal, or tax advice, or an offer or solicitation to purchase or sell any financial instrument. This publication has been prepared by ING solely for informational purposes without regard to any particular user’s investment objectives, financial situation, or means.

For our full disclaimer, please click [here](#).
https://seekingalpha.com/article/4841727-rates-spark-shutdown-is-not-all-that-pains?source=feed_all_articles

Justin Sun Moves $150M in Ethereum to Lido as Whale Activity Surges

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**Justin Sun Moves $150M in Ethereum to Lido as Whale Activity Surges**

Justin Sun, founder of Tron, made headlines this week with a significant Ethereum transfer, sparking interest among on-chain analysts and the broader crypto community. According to data from Arkham Intelligence, Sun withdrew 45,000 ETH—worth approximately $154.5 million—from the lending protocol Aave and deposited the funds into Lido Staking. This move signals renewed confidence in Ethereum’s staking ecosystem among major holders, despite recent market volatility.

### Sun’s ETH Holdings Surpass TRX

Sun’s public wallets now hold around $534 million in ETH, surpassing his $519 million worth of TRX, as revealed by Arkham. His substantial deposit into Lido not only boosts the platform’s staking liquidity but also sends a message of faith in Ethereum at a time when the market is closely watching whale activity and price swings.

### Whale Accumulation on the Rise

Sun’s transactions are part of a broader trend of large-scale Ethereum accumulation. BitMine, a digital asset firm, recently acquired 20,205 ETH (valued at nearly $69.9 million) from exchanges including Coinbase and FalconX, according to blockchain tracker Onchain Lens. Additionally, an unidentified wallet labeled 0xca6 received 4,009 ETH from Galaxy Digital, bringing its total ETH holdings to 13,281—worth over $45.5 million.

This growing concentration of ETH among whales and institutional players has caught analysts’ attention, especially as Ethereum’s price continues to fluctuate.

### Ethereum Price Outlook

At the time of writing, Ethereum trades near $3,389.30, with daily trading volume hovering around $34.7 billion, according to CoinGecko. The token gained about 2.09% over the past 24 hours but remains down 12.38% for the week, underscoring the current volatility.

Market analyst Yimin X suggests Ethereum could still face further downside, pointing to a possible five-wave correction that might push the price toward $2,600—a level of significant historical volume support. Traders are monitoring this area for potential short-term bounces, with resistance near $3,500 also in focus.

### Conclusion

The recent flurry of high-profile Ethereum transfers, led by Justin Sun and supported by other large holders, highlights growing institutional interest in ETH even amid market uncertainty. As analysts debate whether the token has reached a local bottom, all eyes remain on whale behavior and key price levels in the days ahead.
https://bitcoinethereumnews.com/ethereum/justin-sun-moves-150m-in-ethereum-to-lido-as-whale-activity-surges/

Andrew Cuomo pitches crypto-fueled comeback in NYC mayoral bid

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Former New York Governor Andrew Cuomo is reportedly betting big on crypto and AI as part of his bid to return as New York City’s next mayor. The mayoral candidate plans to position NYC as “the global hub of the future” by coordinating initiatives across the blockchain, AI, and biotech industries and modernizing how the city integrates new technology, according to Eleanor Terrett, co-host of *Crypto in America*, who spoke on Saturday.

Part of Cuomo’s vision includes creating a new Chief Innovation Officer position aimed at attracting more investments and jobs to boost innovation. Additionally, an Innovation Council would be formed, featuring three advisory committees focused on crypto, AI, and biotech. This council would advise on adoption, workforce development, and cut red tape for these emerging industries, Terrett added, citing unnamed sources familiar with the matter.

Cuomo brings experience in the crypto sector, having previously advised the crypto exchange OKX during a federal probe that led to the company pleading guilty to several violations and agreeing to pay over $500 million in fines and penalties.

If Cuomo is appointed and follows through on his plans, New York City could shift from a regime characterized by strict enforcement to one that attracts and retains more industry talent, positioning the city at the forefront of financial innovation.

### NYC: A Bridge Between TradFi and Crypto

Cuomo’s strategy may also strengthen the bridge between traditional finance (TradFi) and crypto markets, channeling far greater inflows into digital assets given Wall Street’s status as the world’s greatest concentration of capital. The New York Stock Exchange and Nasdaq boast combined market caps exceeding $30 trillion — significantly more than the $8 trillion of the third-place Shanghai Stock Exchange.

The current NYC Mayor, Eric Adams, has already taken significant steps toward fostering innovation by establishing America’s first municipal Office of Digital Assets and Blockchain Technology last Tuesday. According to his office, the new office “will promote the responsible use of digital assets and blockchain technologies, grow economic opportunities for New Yorkers, attract world-class talent, and reinforce the city’s standing as the world’s hub for financial and technological innovation.”

### Cuomo Faces Political Competition in Mayoral Race

Cuomo is considered an underdog against incumbent Mayor Adams, who initially sought a second term but withdrew from the race last month due to mounting political pressure. Cuomo now competes against anti-tech Democrat Zohran Mamdani and Republican Curtis Sliwa to replace Adams, with voting scheduled for November 4.

Mamdani is currently the odds-on favorite, leading almost every poll tracking the race, according to *The New York Times*. While Mamdani has been relatively silent on crypto, his policy positions are generally considered more left-leaning than the typical Democratic Party platform.

Some crypto industry leaders have expressed concerns about Mamdani’s potential victory. Notably, Gemini CEO Tyler Winklevoss commented on Mamdani’s rising popularity, saying, “It appears things will have to get worse in NYC before they get better.”

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**Related:** Huobi founder raises $1B as part of Ether trust strategy: Report
https://cointelegraph.com/news/andrew-cuomo-seeks-crypto-hub-nyc-mayoral-bid?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound

Death toll rises to 13 in MP as another toddler succumbs to death

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The Chief Medical Health Officer (CMHO) of Chhindwara district, Naresh Gonnade, highlighted the severity of the ongoing crisis, stating, “This marks the 13th confirmed child fatality,” as reported by news agency IANS. However, when asked whether the recent death was linked to the toxic cough syrup, he remained silent. His silence speaks volumes about the grim situation surrounding the cough syrup tragedy in the tribal heartland of Chhindwara.

In recent days, the toxic cough syrup has claimed the lives of several young children aged between one and eight years. Despite the growing number of fatalities, the state government has not officially disclosed the exact toll connected to the contaminated syrup.

Among the victims was Dhani, a frail young girl suffering from a persistent cough and cold. According to her parents, she was prescribed the “deadly” syrup by Dr. Praveen Soni during a consultation at his private clinic in Parasia just days before her condition worsened. As Dhani’s health deteriorated, her parents rushed her to the local Community Health Centre on September 26, where she exhibited severe dehydration and oliguria — clear signs of kidney failure.

The CMHO further stated, “She was under treatment at Nagpur Medical College and died Monday night,” according to IANS. After being transferred to Government Medical College and Hospital (GMCH) in Nagpur amid poisoning suspicions, the toddler bravely fought for 11 days on dialysis and ventilator support but eventually succumbed to multi-organ failure. A doctor from Nagpur, speaking to IANS on condition of anonymity, confirmed the severity of her condition.

Toxicology reports confirmed the presence of diethylene glycol (DEG) in the syrup. DEG is a lethal industrial solvent commonly found in brake fluids and antifreeze. The concentration of DEG in the contaminated batch measured a staggering 48.6%, far exceeding safe limits.

Dr. Praveen Soni, a government paediatrician at the Community Health Centre in Parasia who was also practicing privately, has been in police custody since his arrest on October 5. He faces charges under Sections 105 and 276 of the Bharatiya Nyaya Sanhita for culpable homicide and drug adulteration.

The First Information Report (FIR) filed at Parasia police station further implicates Sresan Pharmaceuticals, based in Kanchipuram, Tamil Nadu. This company has been blacklisted nationwide due to prior issues.

Following the tragedy and widespread public outrage across Maharashtra, authorities flagged three more cough syrup brands on Monday after detecting similar DEG traces. This has broadened the ongoing investigation, as reported by IANS.

This toxic cough syrup crisis echoes a darker history, reminiscent of the 1986 Mumbai hospital tragedy in which contaminated syrup led to the deaths of 14 children, as documented by IANS.

Since late August, 16 children—primarily from Parasia and Tamia blocks—have died under similar circumstances, with ten having received treatment in Nagpur alone.

In response to the crisis, Chief Minister Mohan Yadav announced an ex gratia payment of Rs 4 lakh to the families of the deceased and promised free treatment for survivors. He has also vowed to form a Special Investigation Team (SIT) tasked with uncovering lapses in the syrup’s supply chain. “This is unforgivable negligence; no child should pay with their life for substandard drugs,” he declared forcefully.

The state government has taken strict administrative actions by suspending two drug inspectors and a deputy director, and transferring the drug controller. Maharashtra and Punjab have also imposed preemptive bans on the cough syrup brand Coldrif.

At the central level, the Central Drugs Standard Control Organisation (CDSCO) has launched raids across six states, cautioning healthcare practitioners against prescribing paediatric syrups for children under five years of age.

Telangana’s Drugs Control department echoed similar warnings after linking three recent deaths in Rajasthan to the same toxic syrup.

As investigations continue, authorities emphasize vigilance and strict regulatory oversight to prevent further tragedies linked to contaminated medicines.
https://www.mid-day.com/news/india-news/article/death-toll-rises-to-13-in-mp-as-another-toddler-succumbs-under-cough-syrup-horror-23597600