Ethereum News Today: Solana Overtakes Ethereum in DApp Revenue Amid Price Turbulence

Ethereum (ETH) is showing mixed signals as traders grapple with a volatile market landscape. Despite a recent $359 million spot outflow—the third-largest since October—investors are buying the dip, according to a Yahoo Finance report. Data from CoinGlass indicates that Ethereum's negative net flow on November 3 suggests increased movement of tokens into private wallets, a bullish sign as holders accumulate during the downturn. Similar outflows in October were followed by 13% and 7.9% price surges, respectively. "The signal leans bullish," said Shivam Thakral, CEO of BuyUcoin, though he cautioned that fresh demand and macroeconomic conditions will determine whether the trend continues.

Technical analysts are also highlighting a bullish flag pattern on Ethereum's price chart, projecting a potential breakout toward $11,500, according to a Coincu analysis. The pattern, characterized by consolidation after a sharp rally, has been reinforced by institutional activity and $1.1 billion in stablecoin inflows. In fact, a CryptoFrontNews piece quoted Merlijn The Trader noting that Ethereum's retesting of its breakout zone near $3,500 signals strong accumulation intent. "The flag structure projects a move toward $11.5K once the price confirms above the upper trendline," he said. The weekly Stochastic RSI, currently oversold, mirrors past setups that preceded a 250% rally in Ethereum's price.

However, the market faces headwinds. Ethereum turned negative for 2025 on November 4, with over $1.1 billion in liquidations triggered by a 7% daily plunge below $3,400, according to a Yahoo Finance article. The selloff erased all year-to-date gains and pushed the price to a 12-month low. BlackRock's $81.7 million Ethereum ETF outflow further raised concerns about institutional demand, though traders emphasized that strong on-chain activity and staking flows could still drive a rebound.

Amid Ethereum's turbulence, meme coins are capturing investor attention. MoonBull ($MOBU), a presale project on Ethereum, has raised $550K with a projected 9,256% ROI if it reaches its target listing price of $0.00616, according to a Coindoo article. The token's mechanics—liquidity injections, reflections for holders, and token burns—aim to create a sustainable ecosystem. "MoonBull's structured approach distinguishes it from traditional hype-driven projects," analysts noted, positioning it as a top crypto to buy in 2025, as highlighted in a Bitcoinsistemi article. Competitors like Floki ($FLOKI) and Shiba Inu ($SHIB) remain relevant but are seen as more established plays with lower growth potential compared to presales like MoonBull.

Solana (SOL) is also challenging Ethereum's dominance in app-generated revenue. Despite a 5.4% price drop, Solana's decentralized applications (dApps) generated $4.33 million in 24 hours, outpacing Ethereum's $1.82 million, according to a TradingView report. This performance underscores Solana's appeal as a faster, cheaper alternative for developers and users.

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