-5.84% for Ethereum — strong downside momentum signals limited price support

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Ethereum slides 5.84% today to $2,998

Highlights

SharpLink Gaming posted a third-quarter 2025 net income of $104.3 million and revenue of $10.8 million, fueled by Ethereum holdings.
As of September 30, the company held $3.0 billion in crypto assets, including 817,747 ETH across native and liquid staking tokens.
SharpLink partnered with Superstate to launch tokenized SBET on Ethereum and expanded its leadership team with new executive hires in Q3.

Corporate asset gains and large ETH transfers drive sentiment shift

SharpLink Gaming reported a significant turnaround in its third-quarter 2025 financials, mainly driven by its Ethereum holdings, with total revenue rising to $10.8 million and net income reaching $104.3 million. As of September 30, the company's crypto assets included $3.0 billion in value, with 817,747 ETH held in both native and liquid staking tokens. The firm also partnered with Superstate to launch tokenized SBET on Ethereum and added new executive hires in the same quarter. Additionally, F2Pool co-founder Wang Chun transferred 3,500 ETH (roughly $11.16 million) to Binance amid industry volatility.

Entrenched bearish momentum and oversold signals amid lack of support

ETH is trading well below its MA-20 ($3,470.62), MA-50 ($3,869.68), and MA-200 ($3,472.14), reinforcing a strong bearish trend across short, medium, and long-term timeframes. The closest dynamic resistance is the Ichimoku Kijun level at $3,606.62, with no immediate support from major moving averages below the current price. Momentum indicators on the daily chart point to robust downside pressure, as both MACD and ADX signal a sell bias. Key oscillators (RSI near 31, Stoch RSI, and CCI) indicate oversold conditions, highlighting that the decline may be overextended in the short term. Bull/Bear Power is deeply negative, confirming seller dominance intraday, and the Awesome Oscillator also aligns with the downward move.

Limited downside risk as volatility narrows and reversal odds remain low

The sharp decline and momentum indicators are mostly aligned, but the oversold oscillators suggest the downside risk may be limited from current levels. For the next five trading days, the expected range is $2,900 to $3,050, reflecting recent price behavior and contained volatility around the current level. There is a very low probability (less than 20%) of a significant upward reversal, while a further decline remains the more likely scenario. The baseline outlook is for ETH to stabilize and consolidate sideways between $2,900 and $3,050, with a bullish scenario requiring a break above resistance near $3,050 and then $3,100, and a bearish extension seeing ETH test $2,900 or lower if support fails.

Anton Kharitonov, Traders Union expert, notes that ETH remains under heavy selling pressure and firmly below key moving averages. He sees strong downside momentum confirmed by both technical and sentiment indicators, even as oversold signals hint at a possible slowdown in the decline. The analyst expects ETH to consolidate between $2,900 and $3,050, with little likelihood of a sharp recovery. "With no technical support and sentiment still negative, I see risk of further losses unless ETH reclaims $3,050 with conviction."

Previously it was noted that British hacker Joseph James O’Connor was ordered to return significant cryptocurrency holdings including Ethereum, Bitcoin, and BUSD due to a civil recovery order by the Crown Prosecution Service. In that report, we highlighted his role in high-profile social media hacks and SIM-swapping schemes, as described in the context of the prosecution used all available powers to prevent him from profiting from his crimes.

Source of Data: ETH Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.