Ethereum fell below $3,050 over the weekend before recovering to $3,190 on Monday. Analysts identify $3,650 as a critical breakout threshold, with warnings that failure to hold current support could drive ETH toward $2,800. Despite near-term weakness, industry observers compare Ethereum's current trajectory to Bitcoin's historical supercycle pattern.

Coinbase has criticized major US banking associations for urging regulators to prohibit merchant rewards and cashback programs tied to stablecoin payments. The exchange's chief policy officer argues the banking lobby's interpretation of the GENIUS Act exceeds congressional intent and would restrict consumer choice while protecting traditional payment fee revenue.

Ethereum fell nearly 10% in 24 hours, trading below $3,200. During the decline, large wallets accumulated significant holdings, with one entity purchasing 9,176 ETH worth approximately $29.14 million and another acquiring 16,937 ETH valued at $53.91 million. Data show 2.53 million ETH were bought near the $3,150 level, establishing a key support zone.

Bitcoin reached $104,000 on Thursday after dipping below $101,000 earlier in the week. Analysts attribute the reduced volatility to structural maturation driven by institutional participation rather than market weakness. The Average Directional Index has declined from 78% to 32%, signaling a shift from speculative trading patterns to institutional-driven market dynamics.

Uniswap's UNI token has gained more than 70% over the past week after the announcement of the UNIfication governance proposal. The plan introduces protocol fee activation and proposes burning 100 million UNI tokens, representing approximately 16% of circulating supply. Whale transactions reached a four-year high while new wallet creation hit a three-year peak.

Bitcoin fell below $105,000 on Tuesday as its annualized Sharpe Ratio and Normalized Risk Metric declined, signaling weakening risk-reward balance. Miner outflows have steadily decreased since late October, indicating reduced selling pressure that may support near-term recovery. Analysts note the pattern could reflect improved miner sentiment and a neutral-to-bullish short-term setup.

Digital asset investment products recorded $1.17 billion in net outflows for the second consecutive week, according to CoinShares. Bitcoin-linked products lost $932 million while Ethereum products shed $438 million. Solana attracted $118 million in inflows and XRP drew $28.2 million, bucking the broader market trend.

Digital Asset Treasury Companies allocated $42.7 billion to cryptocurrency purchases in 2025, with $22.6 billion deployed in Q3 alone, data show. Bitcoin-focused entities accounted for $30.0 billion of total spending, while Ethereum treasuries spent $7.9 billion, according to CoinShares analysis.

The ETH2 Beacon Deposit Contract has accumulated over 72.4 million ETH valued at approximately $252 billion, making it Ethereum's largest holder, data show. The staking contract now controls roughly 60% of the entire Ethereum supply, surpassing exchanges, institutional entities, and individual wallets.