Bitcoin 
$115,192.63 price As we move towards the daily close, it started to linger above $115,000 again and ETH is above $4,200. We are now coming towards the end of Uptober and the month as a whole did not give off that upward mood. We saw new ATH levels but Trump’s China surprise turned the charts upside down. Luckily it didn’t last long. So what are the expectations for the future?
Ethereum News
The largest altcoin by market cap ETH As we moved into November, it regained $4,000 again. Moreover, if an agreement is signed with China this week, the rise can gain momentum with the strong earnings reports of the technology giants and we can have a much better start to the new month. Additionally, BitMine announced that it received another 77 thousand ETH last week. In other words, it increased the total size of its cryptocurrency and cash assets to over 14.2 billion dollars.
The company, which holds 2.7% of the supply, is already halfway there and is now closer to its 5% target. All Ethereum 
$4,161.63 The company, which aims to retain 5% of its supply, is implementing Michael Saylor’s strategy for Ethereum under the leadership of Tom Lee.
total of 7 companies ETH reserve It has already exceeded 4 million. These companies, which have been saving since June, are growing their reserves extremely quickly.
While all this was happening, Citi and Coinbase partnered for crypto services. This means that the number of financial giants that will join us in 2026 will increase even more.
Ethereum (ETH) Analysis
Efloud said some things today about his long-term expectations and current outlook. The analyst, who said that he closed 20% of his positions at the top today with a 12% gain, is satisfied with making a satisfactory profit. But his goal was to take profit at $4,310, so he closed his short position early to avoid paying more funding fees.
The analyst who shared the chart above said:
“Even if the loss of the WO/MO intersection region does not cause any unpleasantness in the first phase, it may cause a withdrawal to the PWO section after a while (it may not fall directly). In such a case, I would consider taking action at the PWO level again by looking for confirmation.”
In the long term, he has already said that he will remain cautious as long as he does not close the daily candle above the ATH level for 2021.
“In this process, it is essential to follow the upside break and resistance gains in the ETHBTC parity directly, as they will directly affect the performance of Ethereum against Bitcoin.” – Efloud
If there is a good deal with China and altcoin ETF approvals come as the government shutdown ends, it could be supportive for the November bull. ETH still looks promising. ETHBTC Since the expected break in parity has not yet occurred, we can continue to wait for the altcoin bull.
