Key Insights:
- Bitcoin trades near $108K with a possible reaction move toward $120K.
- Ethereum adoption expands with corporate integration and ETF approvals.
- Wall Street firms hold over 4.6 million ETH, signaling institutional conviction.
- RWA tokenization growth positions Ethereum for long-term dominance.
The cryptocurrency market has remained stable this week, following a brief rally earlier in October. Bitcoin is trading near the $108,000 level, showing minimal volatility since peaking around $126,000 on October 6. According to analyst DataDash, a harmonic Gartley pattern has developed, indicating a potential move toward the $120,000 reaction zone in the short term.
The analyst noted that Bitcoin’s retracement to the 88.6% Fibonacci level, reached on October 17, has provided reliable support. Market sentiment remains divided between expectations of another decline toward $97,000 and a possible recovery toward the top of the range. Historically, similar setups have preceded reaction moves within several weeks, suggesting that early November could mark a turning point for the asset.
Beyond short-term patterns, market observers anticipate that Bitcoin could consolidate into the year’s end before entering a renewed uptrend in 2026. Analysts have drawn comparisons with gold, projecting that if gold sustains its strength above $3,600 per ounce, it could rise to $5,000. In parallel, Bitcoin’s longer-term trajectory points to potential targets between $160,000 and $200,000.
Ethereum Finds Support as Institutional Adoption Expands
Ethereum has maintained steady support near $3,600 amid notable adoption developments. Major corporations such as Shopify, Stripe, and Walmart are integrating Ethereum-based payments, while Robinhood recently added support for the Arbitrum Layer-2 network. In addition, asset manager VanEck is advancing plans for an exchange-traded fund focused on staked ETH.
Analysts view Ethereum’s institutional integration as a key driver for long-term strength. Fundstrat’s Tom Lee projects a possible 15x appreciation, citing rising institutional interest and spot ETF inflows as key catalysts. The token’s next resistance levels stand near $5,600 and $7,000, with some forecasts suggesting a potential rally toward $8,000 by late 2025 if adoption trends persist.
Wall Street’s participation in Ethereum Treasury strategies also signals growing confidence in ETH as a strategic asset. Companies such as Bitmine, Coinbase Global, and Sharplink Gaming collectively hold millions of ETH tokens, contributing to a combined total of more than 4.6 million ETH, valued at approximately $18 billion.
RWA Tokenization Positions Ethereum for Long-Term Growth
Ethereum continues to dominate the Real World Asset (RWA) tokenization sector, a market that has expanded from $8.6 billion to over $25 billion in 2025. Analysts expect this figure to grow substantially, forecasting a potential market size between $10 trillion and $30 trillion by 2030.
As financial institutions and blockchain firms integrate tokenization models, Ethereum’s position as the leading smart contract platform reinforces its foundational role in on-chain finance. The combination of ETF inflows, corporate treasury accumulation, and RWA adoption underscores a broader institutional alignment that could define the next phase of crypto market growth.
