Investors in Ethereum ETFs faced significant unrealized losses at the end of October, with holdings valued at nearly $3.5 billion. The average cost basis for these investments was around $3,200 per ETH. Inflows into these ETFs have weakened in recent months, continuing to decline into November.
Meanwhile, attackers exploited Ethereum’s EIP-7702 feature to transfer approximately 167,464 ETH from a Binance wallet on October 29. Binance quickly revoked access and reported recovering 98% of the affected assets, mitigating the impact of the breach.
Ethereum developers are aiming to complete the network’s transition to post-quantum and AI readiness by December 2028, a year ahead of the previous target. However, this roadmap is subject to reassessment in January 2027, leaving room for adjustments.
Technical analysis of Ethereum’s three-day chart indicates a TD Sequential buy signal, suggesting that a correction may be nearing its end. A break above $2,500 could pave the way for a rise to around $2,700.
BitMine increased its Ethereum holdings by 8,573 ETH last week, bringing its total reported holdings to 6,060,506 ETH. This amount represents about 4.9% of Ethereum’s circulating supply, highlighting the company’s significant stake in the cryptocurrency.