Category: Crypto News, News
Can BTC Rebound Toward $115K and Will ETH Clear Its Major Resistance Zone?
Bitcoin and Ether steadied Sunday as traders weighed a fragile hold above $100,000 for BTC and a rebound in ETH toward the mid-$3,000s amid tentative risk appetite.
Bitcoin and Ether held steady on Sunday as traders balanced on a knife-edge. As per Coingecko data, Bitcoin traded near $102,100, about +2% in 24 hours.
On the other hand, Ethereum hovered around $3,530, about +4% in 24 hours.
The market was shaped by a modest increase in US spot Bitcoin ETF demand late last week, alongside a cautious macroeconomic backdrop that kept crypto prices stuck in a range.
US spot Bitcoin ETFs turned positive again on Thursday, November 7, attracting roughly $240M after six consecutive days of outflows.
(Source: Farside)
Most of the buying came from products offered by BlackRock, Fidelity, and ARK Invest, according to figures from Farside Investors.
Ethereum developers have set December 3 for the Fusaka upgrade, which will introduce PeerDAS.
The feature is meant to expand data capacity for layer-2 networks. It’s an important step for the ecosystem, even as ETH prices remain choppy.
The swing back to ETF inflows followed a rough start to November and arrived alongside calmer weekend trading. It suggests a more stable mood rather than a clear shift in direction.
Earlier in the week, Bitcoin briefly fell below $100,000. The slip came during a broader pullback across crypto and related stocks, with liquidations and position cuts adding pressure.
Bitcoin’s heat map shows thick liquidity sitting between about $110,000 and $125,000. That suggests many resting sell orders above the current price.
The market has been easing since early October, when Bitcoin briefly traded near $123,000. Since then, it has moved lower, marking a pattern of lower highs and lower lows into early November near $100,000.
Liquidity looks heaviest around $115,000 and $120,000, where the yellow-green bands cluster. Areas below show lighter activity, pointing to fewer buyers.
A sharp slide in mid-October left a thin pocket of support, though liquidity has started to form again.
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Ethereum is also approaching a significant supply zone near $3,700. About 869,000 ETH were bought around this level, creating a strong resistance cap.
Glassnode’s cost-basis data shows many holders sitting near break-even here, so some may sell if prices bounce.
Recent price action tells a similar story. ETH has tried several times to break above the $3,700–$4,200 band but failed, with each attempt followed by sharp pullbacks.
Written by : Editorial team of BIPNs
Main team of content of bipns.com. Any type of content should be approved by us.
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