ETHEUR
Ethereum / Euro
cryptoComposite

Everyone loves to talk about "buying the blood," but if you actually look at the last 24 hours of 5-minute order flow and book depth, retail isn't buying fear. They're paying annualized interest to sit trapped inside an institutional chop box. Look at the 5-minute BTC perp tape and resting liquidity over the last 24 hours on the attached chart: * **19:00 to 22:00:** Price broke from the mid-74ks straight down to the $72,800 floor. That wasn't slow spot drift it was heavy forced selling and taker dumps, with $15.5M, $16.1M, $1.35M, and $18.3M red prints firing one after another until the $72,800 bid wall finally caught the bottom. * **22:00 to 03:30:** Typical elevator down, escalator up. It took five and a half hours of smaller $677k to $1.54M green prints just to claw back to $74,200 before hitting a brick wall of resting asks. * **07:00 to 08:00 (Nov 11):** Another flush straight through the late bounce buyers, tagging $783k and $1.18M in red prints at the bottom of the wick near $73,200. * **08:30 to 14:30:** Complete compression around $73,634. Within ±1% of price, the book is tilted $121.7M on the ask vs. $118.0M on the bid (49% bid), boxed right between a $73,560 bid wall and ask walls stacked at $73,760 and $74,800. Here is the insane part: after getting rinsed at 22:00 and swept again at 07:00, open interest is still sitting at $3.00B and funding is still positive at +0.0011%/h (+9.5% a year). Even every major alt on the board ETH (-2.39%), SOL (-2.71%), HYPE (-3.63%), XRP (-2.82%) is bleeding red today, and perp traders are still paying a premium to hold longs underneath heavy ask depth. Stop confusing "leverage refusing to close" with bullish conviction. When the largest single prints in a 24-hour window are $15M – $18M red nukes and the top of the book is stacked with asks, paying 9.5% APR to sit in the middle of the range is just donating margin to market makers. Cynical.

Hey everyone, I've been working on an automated crypto trading system for quite a while, covering BTC, ETH, SOL, and XRP. It's fully autonomous, handling everything from signal generation and position sizing to risk management and execution. No manual trading decisions. My main focus has always been risk management rather than trying to predict every market move. I've attached a performance report covering Feb 2025 to Sep 2026, including a comparison with an equal-weight buy-and-hold portfolio of the same four coins. The trading records come from real trading, not just a backtest. The report also looks at performance using volatility-scaled position sizing. I'm curious what people here think of the results, especially from a risk management perspective. I'm also exploring opportunities to move into institutional quant research or systematic trading. My background is in ML research, software development, and trading, though I haven't followed the traditional quant career path. Would this kind of work be relevant to a prop firm or a quant trading team? Interested to hear your thoughts.

Tom Lee keeps buying ETH! Total conviction which is nice to see. I'll continue to hold and stake. I've also fallen prey to whining on here. Mentally preparing myself for another drop. If it goes to $1,500 or even lower I'm fine with that. $800 - don't care. If it drops to $200 I'm buying a few! ***Tom Lee’s Bitmine Adds $20M in Ethereum, Seizing on Vitalik’s 'ETH Is Money' Declaration*** *The firm’s stash reached 6.07 million ETH—4.97% of supply and 99% of the way to its “Alchemy of 5%” goal—as chairman Tom Lee called Vitalik Buterin’s “ETH is money” comments a “seismic shift.”* [https://decrypt.co/382854/tom-lee-bitmine-adds-20m-ethereum-vitalik-eth-money](https://decrypt.co/382854/tom-lee-bitmine-adds-20m-ethereum-vitalik-eth-money)

Exchanges already have different limit up/down rules for overnight session. Should most retail trade overnight? No most institutions don't trade overnight unless they are MM. In fact I know many firms have long had a ban on their traders being active in the overnight because of the lack of liquidity. Even before ETH was expanded. In some cases even for futures that traded around the clock. For equities the major exchanges still mark the values at the closing print so for bookeepiing purposes at mutual funds and like won't be affected.

Why are we so quick to cast people out in the cold simply because they're disappointed with ETH's performance? Perhaps many of these people still genuinely believe in Ethereum and want to see it succeed. Perhaps they've been holding for years, watching the technology, adoption, and ecosystem grow tremendously, yet seeing very little of that success reflected in ETH's price. That's incredibly frustrating, especially when you consider inflation and the opportunity cost. Nobody is suggesting that returns are guaranteed. But surely investors are entitled to have expectations and to question why an asset has underperformed for so long. And telling people to just sell and move on misses the point. Maybe they don't want to sell because they still believe in Ethereum's future. They're simply struggling to reconcile that conviction with years of disappointing price action. I understand that relentless negativity can become tiresome, but so can the constant dismissal of legitimate concerns about ETH's performance. We should be able to celebrate Ethereum's technological achievements while also having honest conversations about its shortcomings as an investment. The two aren't mutually exclusive.

🌍 **Macro** Hotter-than-expected U.S. inflation pushed Treasury yields and the dollar higher, reversing the previous day’s equity rebound. The 2-year Treasury yield jumped 18 bps to 4.73%, while the 10-year yield approached 5%. The Dow fell 0.3%, the S&P 500 dropped 0.38%, and the Nasdaq declined 0.74%. Nvidia lost another 5.5% amid ongoing uncertainty surrounding its CEO. Crypto markets also weakened, with BTC briefly touching $72.7K and ETH falling toward $2,050. Spot BTC and ETH ETFs recorded combined net outflows of $386M on November 9, marking their third consecutive day of withdrawals. ⸻ 📈 **Market Snapshot** • BTC: $73,804.10 (-2.06%) • ETH: $2,053.36 (-3.83%) • NASDAQ: 25,065.87 (-0.74%) • S&P 500: 7,521.11 (-0.38%) • F&G: 29 (previous: 32) ⸻ 🧠 **Market Take** Prediction markets are expanding rapidly but facing increased regulatory scrutiny. Polymarket reported annualized revenue exceeding $1.8B, while its U.S. platform recorded over $14.5B in October trading volume, approximately 3.6 times June’s level. Growth was driven largely by sports and Combo event contracts. Meanwhile, the CFTC is investigating Kalshi over regulatory filing requirements, while Polymarket faces scrutiny over advertising and past compliance practices. Inflation is adding further pressure to risk assets. October headline CPI rose 0.4% month over month, while core CPI increased 0.3%, both above expectations. Fed officials have signaled that further tightening remains possible, with Christopher Waller not ruling out a 50-bps hike in December. Rising Treasury yields and continued ETF outflows could delay a recovery in crypto markets. **Key levels:** * Resistance: $74.5K–$75K * Support: $72.7K–$73K * Downside risk: $70K if support breaks * Trend: Bearish ⸻ 🔥 **Hot Tokens** * **INIT:** \+15% despite a network attack and temporary L1 shutdown, driven by speculative trading and a short squeeze. * **GRAM:** \+8% after Telegram’s founder revealed over 700K new self-custodial wallets were added within 48 hours. * **LIT:** \+9% as Lighter increased its token buyback activity, with trading volume reaching approximately $90.97M. * **ICP:** \+8.1% following DFINITY’s announcement that its decentralized cloud product, Cloud Engines, would launch this week. ⸻ 📰 **Key Updates** * **U.S.:** Texas lawmakers introduced HB 815, proposing to allow local governments to invest up to $10M in cryptocurrencies. Miami-Dade County also began accepting BTC for property tax payments. * **Polymarket:** Added withdrawal address whitelisting to strengthen account security. * **XRP Ledger:** Foundation proposed a quantum-resistant account design without additional user fees. * **Zcash:** Outlined its January 2027 NU8 upgrade, including an 8MB block size, Tachyon shielded pool, and extensible transaction format. * **Walt:** Launched a standalone crypto trading app beyond its Telegram-based business. * **Token unlocks:** ALLO unlocks 88.51% (approx. $26.42M) on Nov 11; RAIN unlocks 5.08% (approx. $197M) on Nov 12; AZTEC unlocks 31.81% (approx. $10.3M) on Nov 13. ⸻ ⚡ **Quick Take** BTC remains under pressure as sticky inflation, rising Treasury yields, and persistent ETF outflows weaken risk appetite. The $72.7K–$73K support zone is critical, while U.S. PPI and further Fed signals could determine whether selling pressure intensifies.

Solid points. Perhaps these arguments could be better served with clearer parameters and extending an understanding to what the other person might mean. As someone else pointed out today, a lot of these conversations lack nuance on both sides. For me personally, my biggest gripe is the number of people that come in here and call ETH a shit coin and add nothing else to the conversation. I understand people are frustrated and venting has its place, but just as I find myself critical of moon boys every time we've experienced a massive rise I just don't see how these types of comments contribute to the overall objectives or provide any real criticism.

In taking risks, as they say, gotta know when to hold 'em and when to fold 'em. Yes, I want ETH to succeed because I'm a holder. But, beyond that, the most important thing is for me is to make the best investing choices that I can. And that might mean being less of a holder. The reality is I've played it poorly when I didn't take action in reducing my stack when I identified strong bearish factors.

The pushback is exactly what I meant by people being antagonized. They're part of the pattern of "isn't X enough years?" And very often, they have to explain the details on how ETH is underperforming (the explanation might be what others refer to as "bombarded by negativity.") So, IMO, the negativity is often \*drawn out\* by others who dismiss the magnitude of PA from the past few years. In terms of upvotes, it's a fresh comment deep in a thread. And in any case, my original statement isn't about upvotes or downvotes. It's that there exists a pattern like this that causes people to be antagonized, and it's frequent.

You're missing the point. Yes, we're in a bear market now, but the problem is that ETH never really experienced a meaningful bull market in its third cycle to begin with. For long-term holders, this isn't simply about being disappointed by the latest downturn. ETH is now trading well below where it was five years ago, while the dollar has lost substantial purchasing power to inflation. In real terms, we've effectively endured something resembling a five-year bear market, even as other major assets reached new highs. And telling people to just sell and move on completely misses the point. Many of us have been invested in Ethereum since 2017 or earlier. We still believe in the technology and its potential. But believing in Ethereum doesn't mean we have to pretend ETH has been a good investment. There's a huge difference between complaining about short-term volatility and questioning why an asset has failed to deliver meaningful returns over an entire market cycle. At what point are long-term investors allowed to question the investment thesis without being told to sell or stop complaining? Five years? Ten? Twenty? Ethereum can be technologically successful while ETH continues to disappoint as an investment. Acknowledging that disconnect isn't being in denial. Refusing to discuss it might be.

>would you add another '5 years' to the waiting period? It kind of depends on whether there's something in the future I'm excited about, and whether that's outweighed by negatives to an extent that will kill asymmetrical bet. Right now I see: * Almost every other day there's some announcement talking about some system adopting ETH or ETH L2. So adoption does feel like it's about to scale. BULLISH. * But it is unclear how that benefits ETH the asset. BEARISH. * But if Ethereum is the first to solve PQ then why would you use any other digital asset for store of value? BULLISH. * But seeing Vitalik show up on stage in a cloak and reading this complaint about suicide pacts makes me question if the EF geniuses are mature enough to manage the technical and spiritual roadmap of Ethereum. BEARISH. * Elizabeth Warren will bring "clarity" to Crypto but not in a good way. BEARISH. So at this moment do I think Eth is a slam dunk? Absolutely not. But is it a reasonable asymmetrical bet? I still think yes. Everyone should have some crypto in their portfolio and I think Eth is the best out of the bunch.

They might have less capital to buy BTC and ETH, and right now a lot of the buying pressure is coming from DATs like MSTR, Strive, BMNR, etc.

I'd say the flows, at least for ETH. CPI hit everything, but on a 24h basis BTC is down about 2.3% while ETH is down about 4.2%, so there's an ETH-specific seller on top of the macro move, and roughly $550M of ETF outflows in about a week and a half is the obvious one. BitMine is real demand, but ~$20M a week against ~$185M out in a single day isn't close. And since most of its stack is staked, it shrinks liquid float more than it props up price day to day. The 24h low was about $2,003, so $2k has already been tested once. If outflows slow and that level holds, sellers start to look tired. If it breaks while the ETFs are still bleeding, I wouldn't lean on the round number much.

I'm just impressed by all of the OGs crawling out of the woodwork to respond to you. That's a good sign. Anyway, '17 here. Still holding, though I did sell a lot last year because it would've been financially irresponsible for me to not take chips off the table. I was 90% balls-deep ETH for basically 8 years. Now I can afford to lose what remains but will be absolutely stoked by any potential gains. I think the path to post-quantum will set us up to succeed in the rubble of Bitcoin's inevitable quantum driven demise.

I'd separate two things that keep getting blended together: what the network is for, and what makes the token valuable. "World computer" was always the product pitch. "ETH as money" is the asset pitch. They don't contradict each other, but the bridge between them (fee burn) got a lot weaker once most activity moved to L2s, where users pay tiny L1 fees. That's the real tension, more than the slogans. The honest version of the store-of-value case is that ETH is the collateral and settlement asset for everything built on top: DeFi collateral, L2 bridges, staking. Demand comes from that role rather than from burn. Whether that's enough against BTC is a fair question. BTC has the simpler story and a fixed supply. ETH's pitch is that it's productive (staking yield) and widely used as collateral, which also makes it carry more risk. Where I agree with you: rebranding the headline every cycle hurts credibility. Where I'd push back a bit: burn was one mechanism, never the whole thesis. The market just leaned on it hard in 2021 because it was easy to put on a chart.

First buy Oct 2016, have roughly same amount as then, now half staked. As a retired senior with adequate other income, I am holding mostly for my grandkids, but I also use ETH for charitable contributions as the low cost basis makes it more tax friendly than fiat. I am a regular lurker on the sub and on most days don't get that much out of it anymore, but occasionally interesting discussions like this pop up and keep me coming back.

>Considering how hardened the ETH holder base has become Every red day makes the base stronger lol.

Exactly, it practically sells itself. As Ai and quantum both advance it makes a lot of sense to hedge any non-ETH crypto with ETH exposure. Considering how hardened the ETH holder base has become, the resulting leg up could be historic.

>**Gratuitous gadget,** >**The end of next year target,** >**PQ expurgate.** ~Daily haiku until we’re at least at 0.178 on the ETH/BTC ratio or highest market cap

ETH Daily - 10th November 2026📰 \-Phylax circuit breakers. \-LUCID EIP extension. \-iOS worse\_query vulnerability. \-EIP-8282 formally verified. \-Consensys to connect its SNI to EEZ. \-MegaETH pivots to AI inference. \-Ledger collects transaction data by default. \-Across suffers front end compromise. \-Base releases the Block Runner game \-EVA publishes the latest issuance debate. Read more: [https://ethdaily.io/phylax-and-titan-builder-add-ethereum-circuit-breakers](https://ethdaily.io/phylax-and-titan-builder-add-ethereum-circuit-breakers)

>I never said PA hasn't been bad, but ya'll love to act like this is an ETH problem when it's not. because it *is* an eth problem, you and some deluded individuals here are just in denial. i couldn't care less about the price in usd, i used to view this as a long-term investment and had held through $80 before. the problem is the regression in price appreciation against assets of the same class like btc, bnb, etc, despite the massive technological improvements over the years. none of the improvements in fundamentals have actually translated into price appreciation. even at the bottom of the last bear market, eth/btc was nearly double where it is now. we are in the middle of a bear market yet btc is still around $80k (while we struggle at $2k ffs). the economy being bad shouldn't be an excuse for why the crypto with the best technology is lagging far behind inferior alternatives. holders have every right to be frustrated

Class of '17. I've never sold a single ETH. I held everything until relatively recently, when I finally started staking. Honestly, the only reason I've been able to do that is because my cost basis is in the low 200s. Even through the most hellacious market collapses, I was still comfortably in the green and doing significantly better than I would have been had I invested that same principal in index funds instead of ETH. Now, if I'd sold everything at the late 2021 peak and moved that money into traditional markets, that's an entirely different story. But to answer your question: I genuinely don't know what to make of the current market. I really don't. I've given up trying. What's so utterly perplexing is how much Ethereum has grown while ETH...just hasn't. For those who weren't around in 2017, it's difficult to convey just how niche and obscure Ethereum was. I'm not exaggerating when I say it was a good year if Ethereum got mentioned more than once in anything remotely resembling a mainstream news outlet. I vaguely remember a day when we were all excited on Ethtrader because MSNBC or some other mainstream outlet published a small, online-only article about cryptocurrency, and Ethereum managed to get a single mention in a single sentence near the bottom, among  a bunch of other coins like EOS. That was considered a big deal. That was exposure. That was attention. That was breaking through. A tiny blip like that on the mainstream radar. To see Ethereum go from that to what it is today is absolutely staggering. Its growth, adoption, infrastructure, and technological maturity have surpassed even the wildest expectations of many of the most bullish people back then. And yet, ETH is trading around levels it first reached in February 2021. Less if you account for inflation. That is just maddening no matter how you look at it. I genuinely don't have an explanation for the disconnect between Ethereum's meteoric growth and development and ETH's seemingly persistent inability to reflect any of it in its market value. I'm not sure anyone does. Tom Lee tries but he always references whatever the latest cringe fuckup is. For a long time it was October 10th and now it's something else. Even if all that were true, I'm sick of being tethered to the most scammy, grifty, stupid parts of this ridiculous market. ETH is legit enough that it should be a safe haven people take shelter in during those times but instead we just dump with everything. It's easily the most frustrating and confusing aspect of my entire experience as an investor. And enough time has passed that I'm approaching a dilemma I never really anticipated having to confront: d o I keep holding for another few years, hoping that eventually ETH delivers the kind of returns that could make me genuinely wealthy and potentially allow me to never work again - but I'd be old? Or do I take the more pragmatic route? If ETH ever makes it back to $3–4K, sell the majority of my holdings, lock in life-changing gains, and put myself in a position where my financial future is substantially more secure but I'd give up the chance for  generational freedom That's the tension I'm wrestling with. But deep inside, I think I know the answer. My conviction in Ethereum itself has honestly never been higher. My conviction in ETH as an investment, however, has taken a pretty significant hit. And that's a strange, frustrating place to find myself after nearly a decade of holding an asset. I believe in what Ethereum is becoming more than ever, but I'm increasingly struggling to rationally reconcile that belief with ETH's market performance which is terrible to be candid. It also doesn't help that the broader crypto industry has become an embarrassment: an ecosystem increasingly rotted through with corruption, grifting and speculation. Anyway, that's my take. After nearly a decade in this space, I'm still here, still holding, staking some , and still trying to make sense of it all. 🤷‍♂️

So far Algorand and Quantus are capable of post quantum secure transactions. Bitcoin is dependent on post quantum chains for Q Txs. Bitcoin Core is working on a solution. .. ETH allegedly is working on a solution. .. We will have to wait, watch, and see which crypto ascend and which become victims to the big Q. AI is also getting out of hand too…

Exactly, thank you for this. I went through large relatively happy periods of not checking here anymore due to the reasons you said. It's just not worthwhile usually. I still by habit since ethtrader days check and lurk here probably more frequently than I should, but overall generally it's not worth the mental load. A related point, whining here is not correlated with price (so why listen to it?), in the same way good news that used to make ETH pump 10%+ does not do so anymore. Yeah, yeah, it's going down currently. Well, maybe a US grifter president running blatant crypto scams has something to do with that, or maybe two wars causing a price of living crisis leading folks to rotate out of risk-assets to buy gas and bread has something to do with it, or maybe the market deems Ethereum just not to be ready to be the world ledger right now, or the time simply isn't here yet but will arrive (these things basically always take way more time than investors predict). Maybe if we \**wait*\* those things will all blow over. Good times will return. Ask yourselves (speaking to anyone reading this), do you all really think they never will again?

Been holding ETH since 2015 and will continue to hold. I might be different from many people here, but I got into Ethereum because of the ideals and the tech and I'm staying for those same reasons. Markets will do what markets will do, but Ethereum is doing exactly what it set out to do since day one. And is in fact exceeding many of the already high expectations that were set back then. Ethereum is by far the most successful blockchain. It's the only large project that in my mind is adhering to the actual crypto ideals and keep working on staying true to those ideals. Every other project is cutting corners or not even attempting to live up to what they pretend to do. This is the reason Ethereum is still going to be around in 10 and 20 and 50 years, where most other projects will have long disappeared. ETH might not be the best investment for the moment, but it's the safest bet for the future.