Hammack from the Fed is talking about where interest rates should not be reduced at the time of writing. It is not good to hear such voices from within the Fed days before Warsh takes over. On the other hand, the situation of whales does not bode well for ETH in the short and medium term. So what will happen?
Ethereum and Altcoins
Bitcoin dropped to $80,000 and altcoins are following suit. The possibility of a deal with Iran has priced in and now it’s time to take profits. On the other hand, the risk of a new virus spreading around the world was at the top of the news today. We also saw that cryptocurrencies were withdrawn in the monkey virus headlines.
On the other hand, Ali Martinez, drawing attention to whale indifference for ETH, shared the chart below and said that the path to 3 thousand dollars was blocked;
“Ethereum whalesthey are doing something they haven’t done in a year.
Since October 6, 2025, there has been a significant change in the market behavior of Ethereum whales holding 1,000 to 10,000 ETH. Before this change, this group was in a steady accumulation process. Assets increased from 12.95 million ETH in April 2025 to 15.95 million ETH on October 6, 2025.
Then, his behavior reversed. The assets of these mid-tier whales dropped from 15.95 million to approximately 12.52 million ETH; This represents a 21.5% decrease in their total positions. This oversupply suggests that the path to $3,000 may need a new wave of institutional or retail demand to offset the whales’ distribution.”
Well Ethereum Those who expect a rise in prices and altcoins may not get what they want in the short and medium term.
Bitcoin is falling
Found a buyer at $80,400 ETH The motivation to decline increases. There are many reasons such as the new virus, the slow process with Iran, the declaration by the Fed members that interest rates should not decrease in 2026, and the fact that QE, which just started with Warsh’s appointment, will end. Moreover, Trump will lose even more electoral power due to rising inflation as he heads into the midterm elections. Even though he extended the ceasefire indefinitely to get away with this, he still did not get what he wanted.
It hit its daily bottom of $80,260 BTC It is about to lose support here. The analyst points to $78 thousand.
“If this level turns into support, we can move towards the moving averages again.”
The intersection of the 200-day moving average and the EMA is always a difficult obstacle to overcome on the first try. In other words, if the price can retreat to the support and maintain this point, it can move towards 83 thousand dollars again.
