Traders have witnessed Ethereum (ETH) absorb punishing swings, plunging below $4,000 to hover near $3,847 after October’s brutal sell-off liquidated positions and sapped upward drive. This retreat shattered summer advances, positioning ETH under its 50-day and 100-day moving averages in a clear nod to near-term frailty.
Yet, as volatility grips the crypto market, institutions like Bitmine seize the chaos, snapping up 44,036 ETH for $166 million to swell holdings to 3.16 million tokens worth $12.15 billion. Such bets underscore long-haul faith in Ethereum’s DeFi stronghold and Layer-2 expansions, even as $3,800 support teeters toward $3,500 lows.
Meanwhile, amid these tremors, the best crypto to buy now sur
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