Prominent market analyst Ted Pillows has highlighted the immediate key price levels in the Ethereum market using data on liquidity heatmap. This analysis follows a turbulent price display over the past week during which Ethereum prices fell by 1.64%.

Ethereum Traders Brace For Potential Sweep Before Reversal 

In an X post on November 1, Pillows shares data from Coinglass on the Ethereum liquidity heatmap, identifying significant resting liquidity on both sides of the current price action.

Notably, the upper band, which lies between $3,900 and $4,200, represents a heavy concentration of limit orders as many traders are positioning themselves for potential selling activity once ETH revisits this area. Therefore, this price range acts as a major resistance zone critical for market bulls to reclaim in any potential push for a sustained uptrend.

On the downside, there is also a notable liquidity cluster around $3,750 acting as a potential magnet for price and a key support area in a price crash situation.

Looking at this setup, Ted Pillows postulated that Ethereum could be setting up for a liquidity sweep, a common pattern where price dips into an area of high liquidity to trigger stop losses and fill bids before reversing upward. If this scenario plays out, a short-term move toward $3,750 could precede a sharp rebound, potentially targeting the $3,900–$4,200 resistance region once more.

With present market prices around $3,800, Ethereum could be eyeing a potential short-term gain of 10% gain but not without an initial correction and significant levels of long and short liquidations.

ETH Treasuries Close October With 550k Netflow Despite Offloading Fears

In other news, Ethereum treasury companies continue to display a strong market confidence despite fears of a possible sale amid the heavy price volatility seen in the last month. According to data from CoinMarketCap, Ethereum prices fell by 13.34% in the past month as the broader crypto market struggled amid various macro influences. 

Despite this negative performance, blockchain analytics firm Sentora reports that ETH treasuries registered a net inflow of 550,000 ETH. Although this figure falls well below the 1.5 million ETH inflows observed in August, it remains significant, underscoring investors’ continued confidence in Ethereum’s long-term value proposition.

At press time, Ethereum trades at $3,873, reflecting a minor 0.44% gain in the past 24 hours. Meanwhile, the daily trading volume is down by 53.83% and valued at $17.57 billion.

Bitcoin Dominance (BTC.D) is creating a familiar pattern that points to an incoming altcoin surge. This development comes as the general crypto market continues to show high levels of volatility driven by macro influences, as seen in the majority of October.

Bitcoin Dominance To Retest 53% Level: Altcoin Capital Rush? 

In an X post on November 1, renowned market expert with the username PlanD outlines an insightful analysis of the Bitcoin Dominance chart, which measures the percentage of Bitcoin’s share of the total crypto market cap.

Generally, a rise in Bitcoin Dominance indicates the premier cryptocurrency is outperforming other cryptocurrencies (altcoins) while a vice versa indicates the opposite, with extreme situations representing an altseason.

According to PlanD, the Bitcoin Dominance is now forming a similar trend, which mirrors the altcoin rally in July 2025. Notably, the BTC.D sustained an uptrend of approximately 50 days before breaking down to significant levels, representing a heavy rotation of capital to other cryptocurrencies outside Bitcoin. 

The crypto analyst notes that the Bitcoin Dominance is at the peak level of this similar structure, with the technical groundwork now complete for another sharp breakdown. If the BTC.D follows the same pattern, PlanD predicts a potential fall to around 53%. 

With the present total crypto market cap around $3.71 trillion, this projection could represent a heavy influx of approximately $222.6 billion into altcoins over the next few weeks.

The Altseason Signal To Watch Out For 

As previously noted, an altseason occurs when altcoins significantly outperform Bitcoin over an extended period. While PlanD’s analysis suggests an impending altcoin rally, its duration remains uncertain.

However, fellow analyst Ted Pillows has pointed to a key indicator that would confirm the start of an altseason. In a recent post on X, he explained that altseason is only validated once the total altcoin market capitalization, excluding stablecoins, reaches a new all-time high.

At present, this benchmark stands at $1.03 trillion, whereas the current altcoin market cap (excluding stablecoins) is approximately $718.89 billion. Considering PlanD’s prediction, there is much potential to hit this required threshold in the short term. 

Meanwhile, recent macro developments are also encouraging for projected altcoin inflows. Notably, two Solana Spot ETFs marked their trading debut this week, marking the significant expansion of institutional interest beyond Bitcoin and Ethereum.

At press time, the CoinMarketCap Altcoin Season Index stands at 31, suggesting that the market is still firmly in Bitcoin season, and altcoins require a major outperformance to shift the scale.

Featured image from iStock, chart from TradingView 

While Bitcoin’s price action points to a relative scarcity of spot activity, recent on-chain data reveals an increasingly dynamic atmosphere within its futures market, especially on the Binance network.

Binance Dominates Futures Market As Trader Sentiment Sees Structural Shift

In a recent post on the CryptoQuant platform, crypto education institution XWIN Research Japan shares insights into developments in the Bitcoin futures market, with their key focus being the Binance network. According to the research institution, the world’s leading crypto exchange is maintaining its reputation after reaching its record high of $1.88 trillion in trading volume.

At the same time, the trader sentiment within Bitcoin’s futures market evidently appears to be undergoing a transition, with data from the Bitcoin: Futures Taker CVD (Cumulative Volume Delta, 90-Day) informing the supposition. For context, this metric tracks the net difference between taker buy volume and taker sell volume over 90 days, revealing if the traders in the futures market are predominantly adding to its buying pressure or contributing to its selling pressure.

XWIN Research points out that as of the middle of 2025, Bitcoin’s taker buy volume dominated the futures market, as most traders accumulated positions. This period of accumulation, notes the analyst, was seen as the flagship cryptocurrency climbed above $100,000. However, from late August to the present, there has been a re-emergence of taker sell pressure, signaling the predominance of profit takers in the market.

What This Means For Price

Contrary to what this structural shift might be interpreted as, the educational institution explains that the market seems instead to be becoming more mature. A typical mature market, as XWIN Research points out, is one where the market participants manage their exposure, rather than chase any or all price spikes. 

The reappearance of taker sell pressure therefore signifies a growing inclination among traders to protect their gains nested within the $110,000-$115,000 price range. Historically, this kind of “moderation” has often been a sign of long-term strength. Binance’s $1.88 trillion in trading volume also lends credence to this view, as it reveals the presence of solid institutional confidence in the cryptocurrency’s long-term growth.

Aside from institutional backing, this trading volume also puts into perspective the width of global participation in the Bitcoin derivatives market. In the long run, the Bitcoin market could be in the early phases of a sustained and long-lasting expansion. At press time, Bitcoin is worth approximately $110,110. The premier cryptocurrency shows a slight growth of 0.40% in 24 hours. Also reflecting the online asset’s sideways movement is its net loss of 1.36% over the past seven days.

Featured image from iStock, chart from Tradingview

Solana (SOL) is presently priced around $186, after a rather turbulent display in the past week. While the leading altcoin notably showed a significantly volatile price action, bearish sentiments reigned supreme, resulting in a net 4.37% loss. Interestingly, popular expert Ali Martinez has highlighted a critical price level for Solana investors’ attention amid the current market uncertainty.

To Fly Or Crash? Solana Future Rests On Key Price Point 

In a recent X post, Martinez dives into the present Solana market structure, highlighting several potential developments tied to the $180 price level. Notably, the daily chart reveals that Solana has been strictly trading in an ascending channel since May 2025, with zero deviations recorded. Importantly, the altcoin has been moving near the lower boundary of this channel, currently around $180, which acts as a pivotal support. This price point also aligns with the 200-day simple moving average, thereby reinforcing its validity.

Furthermore, on-chain data from the leading analytics platform Glassnode shows that 24.5 million SOL were purchased at this level, reflecting a high market demand that will likely prevent further price incursion upon a retest.  Looking at Martinez’s analysis, a consistent price hold above $180 retains the validity of the ascending channel and presents a setup for a potential price gain to $230, with further price targets at $290. 

However, if an overwhelming bearish pressure pushes Solana below $180, investors can expect a further decline to around $115, while a potential crash to $50 is also feasible. Therefore, Solana’s behavior at $180 presents a possible 56% gain or 72% loss from current market prices.

Solana Market Overview 

At press time, Solana (SOL) is trading at $185, up 4.57% over the past 24 hours. Despite the daily rebound, its monthly performance remains negative, with a 14.27% decline highlighting the broader weakness seen in the last week. 

In a notable development, Bitwise launched the first-ever Solana Spot ETF on the New York Stock Exchange (NYSE) this week, marking a major milestone for altcoins. The achievement was quickly followed by Grayscale, which introduced its own Grayscale Solana Trust, further signaling growing institutional interest in Solana.

This week’s events represent a significant step toward broadening institutional access to Solana and other altcoins, paving the way for deeper market participation beyond Bitcoin and Ethereum. 

According to SoSoValue data, the two newly launched ETFs have already attracted strong demand, recording $154.73 million in net inflows and $439.97 million in net assets within the first three trading days. Meanwhile, several other Solana-linked ETFs are reportedly in the pipeline, including the Canary Solana ETF, VanEck Solana Trust, and CoinShares Solana ETF, all currently awaiting SEC approval.