Ethereum News Today: Ethereum's Price Plummets as Institutions Triple Down on $13.2B Bet

Bitget report.>

Ethereum's institutional dynamics are reshaping its market landscape as major players like BitMine Immersion Technologies intensify their accumulation efforts. The firm, co-founded by Fundstrat's Tom Lee, recently added 27,316 ETH ($113 million) to its treasury, bringing its total holdings to 3.3 million ETH ($13.2 billion)-the largest public Ethereum reserve. BitMine's strategy to amass 5% of Ethereum's supply (6.04 million ETH) underscores institutional confidence in the blockchain's foundational role in financial infrastructure, despite short-term price volatility. Lee, a vocal advocate for Ethereum as a "neutral chain," highlighted the asset's potential amid U.S.-China trade optimism and equity-linked crypto dynamics, according to the Bitget report.

FinanceFeeds report.>

Simultaneously, U.S.-listed Ethereum ETFs are seeing a surge in inflows, reflecting renewed institutional demand. On October 28, Ethereum ETFs recorded $246 million in net inflows, led by Fidelity's FETH ($99.3 million) and ARK 21Shares ETHA ($76.4 million). Analysts attribute this momentum to Ethereum's on-chain staking ecosystem and Layer-2 scalability advancements. The total net inflow for Ethereum ETFs now stands at $14.73 billion, representing 5.76% of the total ETH supply. This contrasts with recent outflows in late September and mid-October, which had raised concerns about waning demand for Ethereum-based assets, as noted in the FinanceFeeds report.

Cryptopolitan article.>

However, Ethereum's price action has been volatile, tumbling 5.5% to $3,800 on October 29 amid $81 million in ETF outflows. The decline followed a critical technical breakdown below key support levels, with analysts noting the 100-day EMA and $3,850 as immediate hurdles. Despite this, institutional players like SharpLink are allocating capital to Ethereum-based projects, such as Linea, signaling long-term conviction in the network's utility. Meanwhile, Bitcoin ETFs also saw $202 million in inflows, reinforcing its dominance in the crypto market, according to the Cryptopolitan article.

Coinpaper article.>

The broader crypto market is witnessing a shift in investor sentiment, with XRP outperforming both Bitcoin and Ethereum in Q3 2025. XRP's market capitalization grew 29% quarter-over-quarter to $170.3 billion, surpassing Solana and Ethereum. This growth, driven by institutional adoption and cross-border payment use cases, highlights the competitive landscape for digital assets. In parallel, Litecoin's recent U.S. ETF approval marks another milestone for legacy cryptocurrencies seeking regulated market access, joining Bitcoin and Ethereum in institutional portfolios, as detailed in the Coinpaper article.

FinancialContent article.>

Technical indicators for Ethereum remain mixed, with the price testing its 100-day EMA and facing potential support at $3,500. Open interest in Ethereum derivatives fell by 3.2%, suggesting unwinding of leveraged positions, while options volume spiked, reflecting speculative activity. Analysts caution that further outflows or a failure to reclaim $4,000 could trigger deeper corrections. Conversely, Ethereum's upcoming Fusaka upgrade in December 2025 is positioned as a potential catalyst for long-term growth, emphasizing scalability and reduced transaction costs, according to the FinancialContent article.