ETHEUR
Ethereum / Euro
cryptoComposite

Yeah, it sliced right through. ETH is around $1,740 now, about -9% on the day, and perp funding on OKX has gone further negative (roughly -0.01%/8h). Shorts are getting crowded, so a squeeze back toward $1,800 can happen, but I wouldn't call a bottom until funding normalizes and price actually holds a level for more than a few hours.

Not sure if I'm worse or not but, back in September (when we were at $~2,700), I committed to selling a fixed fiat amount in December. I thought it would be smart to hang on until after the midterms to do the actual selling bit and I've been like a rabbit in the headlights ever since, watching the sale get more and more expensive in ETH terms with each passing day.

Ethereum Foundation selling 7500 ETH right now is just fantastic

You don’t hold ETH for 5 years. You net dump during a bear market and sell when you’ve 3x’d. Kinda embarrassing I need to explain the basics to someone claiming to be financially “different”.

There's the BTC chart. Having a bad weekend. https://preview.redd.it/88q7muzopn1i1.jpeg?width=1565&format=pjpg&auto=webp&s=b6f85092daa31fd28f89cb4079a2bb8cf73b01f0 NVDA is actually a messier chart than BTC. It's hard to tell if it's broke support yet because it's so messy. It looks like has but it could be out of control volatility. Eventually settles in. https://preview.redd.it/76inuletpn1i1.png?width=1559&format=png&auto=webp&s=67a238c13f75470238c433ffc2cd0433eb122e09 I shorted ETH, more juice there. And I added leverage. https://preview.redd.it/c2agcidtqn1i1.jpeg?width=1560&format=pjpg&auto=webp&s=3dd8ee290fd99560d8221b80b0a5faad554eef78

Loading up on ETH here

Some 315,025 traders were liquidated in 24 hours, including $1.81B in long positions (94% of losses). The last four hours accounted for $918.6M, while the largest single liquidation was a $16.17M ETH position on Binance.

$1750 ETH, up 4% on my short. Going to hold till end of next week

Another update, this is clearly still not the bottom. Not until we see high volume capitulation. -5%, -10%, -30%, percentages are irrelevant. Volume is the only thing that matters on days like today. *But*, if you don't wanna try and catch the bottom, in two months ETH is probably going to be higher than now.

For example ETH has more utility than Bitcoin yet it cant go up without Bitcoin.. so annoying

NIGHT rose 21% in a week as BTC, ETH and ADA fell. What would show real demand for Midnight’s programmable privacy? [https://cardanotec.com/2026/11/14/night-rose-21-in-a-week-is-midnights-programmable-privacy-gaining-traction/](https://cardanotec.com/2026/11/14/night-rose-21-in-a-week-is-midnights-programmable-privacy-gaining-traction/)

Damn, I bought 5 ETH at $2250 like two weeks ago.

Tradfi owns and runs crypto now. It's amusing that people blame trump "grift" when trump family was buyng ETH in the 3000's and 4000's and the Soros/WEF/Blackrock people are the ones manipulating the markets.

Liquidity turning around is the obvious catalyst - we've seen this happen a million times (see the crab guy) - along with sustained institutional buying (see the Tom lee guy). Grandpapa bitcoin has roughly 450 coins of new daily supply, doesn't take some insane amount of consistent ETF and institutional inflows to tip that supply/demand balance.. For ETH lets see.. it's stablecoin growth, tokenization and onchain activity actually translating into demand for ETH itself, the former is happening continuously month over month on avg, the middle one is also happening (robinhood, blackrock etc), the latter ... well we're waiting on that one. I'm watching real yields, dollar liquidity, ETF flows and stablecoin supply more than anything. Once those start lining up you have the conditions for a sustained move vs a relief rally. Saying "maybe never" is basically betting that global liquidity never improves and institutional adoption has already peaked which is funny bc no one thinks that.. now, im going back into hibernation bc this daily has been so full of meaningless comments like your fuddy duddy one that the daily has turned more into a weekly/monthly for me.

I hold ankrETH, Ankr's liquid staking token for ETH, and can't move or unstake it. The token contract has been paused since the bridge exploit, and so far Ankr has not said anything publicly about it. **Timeline** - **Nov 9:** Ankr's Ethereum bridge is exploited for roughly $304K (forged withdrawal receipts, reported by SlowMist and Blockaid). - **Nov 11:** holders in the Ankr Discord notice ankrETH itself is paused. Any transfer on the token contract (`0xE95A203B1a91a908F9B9CE46459d101078c2c3cb`) reverts with "This action currently paused". Still the case on Nov 14. This hits holders who never touched the bridge. - **Nov 11-14:** several holders ask for an ETA. Support says staker funds are "100% SAFU", only Ankr's own funds were affected, and there is no ETA and no statement they are authorized to share. - **Nov 13:** my support ticket gets the reply that transfers and unstaking are "frozen at the smart contract level". - **Nov 14:** I ask for an ETA. Reply: "Unfortunately, I am unable to share any ETA at this stage." In the same five days Ankr published four product announcements and nothing about the exploit or the freeze. Pausing after an exploit is reasonable. Freezing every holder's tokens for days without an announcement, a reason or a timeline is not. Two questions for people here: 1. Has anyone seen a liquid staking issuer keep the token itself paused after a bridge exploit, and how long did it last? 2. If you hold ankrETH: what have you been told, and when? For anyone weighing LSTs: check whether the token has an admin pause, and who holds the key. I didn't, and this is what it looks like when it gets used.

And I wonder why that is. ETH came remarkably close to flipping BTC in 2017. It reached roughly $1,400 in early 2018 and nearly $5,000 in 2021. There were plenty of reasons to believe ETH was on its way to establishing itself as a serious store of value. Then came the perfect storm. Gensler created years of regulatory uncertainty around ETH. Saylor confidently declared it a security that would never receive an ETF. Ethereum's high transaction fees drove users toward competing networks like Solana, while the move to L2s weakened the fee-burning narrative that had helped support the ultrasound money thesis. Meanwhile, Bitcoin had one simple, consistent message: digital gold. Ethereum, on the other hand, has been marketed as the decentralized world computer, programmable money, ultrasound money, digital oil, the fuel of Web3, a yield-bearing asset, a settlement layer, and programmable digital gold. Each narrative had some merit, but collectively they may have confused investors about what ETH actually represents. Is it a commodity, a currency, a technology investment, a productive asset, or a store of value? And now we have more Ethereum Foundation controversy surrounding the so-called suicide pact, while Vitalik is finally making an explicit case for ETH as a store of value rather than relying on the fee-burning narrative. Is it any wonder investors are confused? Ethereum has achieved remarkable things technologically, but it has struggled to convince the world that ETH itself is an asset worth accumulating and holding for decades. I still believe ETH can become programmable digital gold. But Ethereum needs a clear, credible, and consistent monetary narrative. You cannot expect investors to have unwavering conviction when the messaging surrounding the asset keeps changing.

Seeing BTC dip toward $65K with ETH around $1.8K, the liquidation headlines look more like leverage getting flushed than proof of a clean bottom. I'd watch whether spot demand and flows stabilize over the next few sessions, along with the weekly close, before drawing a bigger trend conclusion. Choppy markets are a good reminder not to let leverage decide your timeline.

Good flush, now let's flush down sub $1600 on ETH too.

[WTS] 1oz Gold Eagle(s) at Spot for Crypto (BTC, ETH, etc.)

The idea that ETH is valuable and worth hoarding didn’t catch on outside the treasuries

I’d look for sustained demand and how Ethereum’s activity creates value for ETH. Regulatory clarity alone doesn’t establish a return to the all-time high, and I’d compare ETH’s performance with Bitcoin too. What evidence would strengthen your investment case most?

I wanted to know how much of a "profitable" backtest survives once you count what trading actually costs. So I tested 12 textbook strategies on 3 markets each. \*\*What I tested\*\* \- 12 strategies everyone teaches: RSI 30/70, golden cross, MACD cross, Bollinger bounce, EMA 9/21, VWAP bounce, Supertrend, Ichimoku breakout, Turtle breakout, Stochastic cross, RSI divergence, ADX + DI cross \- Markets: BTC (ETH for two strategies), EUR/USD and gold \- Jan 2021 to Nov 2026, each on the timeframe it's usually taught on (15m to daily) \- 36 tests, 53,040 trades in total \- Textbook rules, 1% of the account risked per trade \- Costs: spread, fees, slippage, and funding on crypto perps \*\*Results\*\* \- Profitable before costs: 16 of 36 \- Profitable after costs: 9 of 36 \- 7 went from profit to loss just from costs (chart) The worst ones were all on 15m: | Strategy | Before costs | After costs | Trades | |---|---|---|---| | VWAP bounce, gold 15m | +131% | -94% | 4,669 | | VWAP bounce, BTC 15m | +93% | -100% | 6,551 | | EMA 9/21 cross, BTC 15m | +86% | -100% | 6,505 | | RSI 30/70, EUR/USD 1h | +23% | -32% | 960 | \*\*What surprised me\*\* 1. \*\*Costs per trade depend mostly on the timeframe.\*\* On BTC, costs ate about 0.29R per trade on 15m, 0.10R on 1h and 0.04R on 4h (R = the amount risked). A 15m strategy needs a much bigger edge just to break even. 2. \*\*A good win rate didn't save anything.\*\* The Bollinger bounce on BTC 1h won 47% of its trades and still lost 99% of the account after costs. 3. \*\*Supertrend on BTC 1h made +278% before costs and +18% after.\*\* Still positive, but costs took about 94% of the profit. \*\*The 9 that stayed profitable after costs\*\* Golden cross on BTC (+30%), gold (+27%) and EUR/USD (+12%); Ichimoku on gold (+22%); Supertrend on BTC (+18%); Turtle breakout on BTC (+14%) and gold (+11%); ADX on ETH (+8%); RSI divergence on EUR/USD (+3%). Most of these are slow strategies with few trades. The golden cross on BTC only made 78 trades in almost 6 years, which is too few to call it an edge rather than luck. \*\*Limits\*\* (please read before quoting any of this) \- These are textbook versions. Your own version with filters may do very differently. \- One period (2021-2026), one cost model. Your broker's costs may be higher or lower. \- "Profitable after costs" isn't proof of an edge. I didn't run luck checks on all 36. \- Past results don't predict future results. \- Forex and gold data: Dukascopy. Which strategy should I test next? I'll take the most-asked one and post the results. https://preview.redd.it/6oxtvfh02n1i1.png?width=1456&format=png&auto=webp&s=b3a94c6a22b29cba511729062f3a9644bd8594c8

You know what, I’m sorry I was condescending earlier. I forget that sometimes people just aren’t working with the same fundamental knowledge I am. Everyone has to have their turn as one of today’s lucky ten thousand, as [XKCD would say](https://xkcd.com/1053/). So, you’re right in that what backs a currency matters. And who that currency is relevant to matters. So let’s do a TL;DR comparison look at the USD vs ETH and the others: USD is backed by the US government, and it matters to US citizens and anyone who interacts with the US economy. ETH is backed by the Ethereum government (yes that’s a thing, I’ll explain below), and it matters to Ethereum users and the Ethereum economy. Beanie babies, Starbucks reward points, memecoins, and your child’s drawing are all valued the same way, if you think about it. You know the US government. Military, local and state, the branches, etc., the economy also matters. Anything that has trust in the US existing beyond today. But if you’re in a remote Amazonian tribe, why would they care? The audience is broad but not complete. The Ethereum government is the people who run nodes, the stakers, the devs, and the users. The apps and protocols built on top, things that make the Ethereum economy, matter too. Anything that has trust in Ethereum existing beyond today. But you don’t use Ethereum, so why would you care? I do, so it matters to me. There’s an a smaller audience than USD, but it’s still pretty sizable. And Memecoins are backed by the code they’re written in that defines their scarcity, the popularity of the meme, the belief that others will want to participate. The audience is small. A child’s drawings are scarce and valuable to the parents and abundant and worthless to everyone else. I wouldn’t pay for someone else’s, but in a divorce proceeding who gets to keep them might be a point of contention, right? If your aggrieved spouse says “I’ll give you the silverware for them” you might tell them no, but if they offer the car? So there is POTENTIALLY a monetary value there, but the audience is as narrow as possible. So to your original point. The audiences can overlap but they aren’t the same. Print as many tokens as you like, it just makes the economy they are running on more in demand and valuable. Same as more companies being built in the US economy makes it stronger, even if many of those companies fail or suck. And to your last point, if the onchain economy grows to encompass the US economy, yes it can take over as the dominant currency. It’s a superior form of money, has a lot of properties you’d wish the USD had. And [IRL companies](https://www.galaxy.com/insights/research/big-companies-building-on-ethereum) are building on it, so in the future this is an actual possibility.

What are ETH bulls thinking atm?

Idk, I don't see this as a problem. Crypto acts like a highly volatile tech stock and right now, because of the Iran War, hawkish Fed, etc., we're in a "risk-off" environment in which people are moving away from risky tech investments. I think now is the time to look for crypto with good fundamentals (e.g. TRX, SOL, ETH, XMR) and buy at a discount. Either that or wait to buy when the price action is looking good.