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Ethereum Price Analysis—Can ETH Hold Above $3000 Despite BTC Price Crash

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**Ethereum Price Analysis – Can ETH Hold Above $3000 Despite BTC Price Crash?**

The recent crash in Bitcoin’s (BTC) price was widely expected to drag altcoins lower. However, Ethereum (ETH), the second-largest cryptocurrency by market capitalization, continues to display notable strength. Currently, Ethereum is defending the crucial $3,000 support level, but the question remains: how long can it hold?

### Ethereum’s Struggle to Defend $3,000 Support

Ethereum continues to trade above the $3,000 mark, showing relatively stable price action despite the broader market turbulence. Looking at the daily chart, ETH has formed higher lows over the past week, while repeatedly testing the $3,050–$3,100 zone. This price range has now become an immediate support area to monitor closely.

On the upside, Ethereum’s price faces resistance just below $3,250, where sell orders have successfully absorbed repeated attempts to push higher. At the time of writing, ETH is trading near $3,175, sitting firmly on a key weekly support level within its long-term ascending channel.

### Technical Indicators Signal Potential Moves

The Bollinger Bands for Ethereum are tightening, which signals a volatility squeeze. Such a squeeze often precedes a sharp directional move. Meanwhile, the plunging On-Balance Volume (OBV) indicator suggests weakening buying pressure, increasing the risk that ETH could break down below current support levels.

If Ethereum manages to rebound from these levels, upside targets to watch include $3,540, $3,876, and $4,271. Conversely, failure to hold above $3,175 may drag the price down toward $2,850, which coincides with the lower Bollinger Band and trendline support.

### What’s Next for Ethereum?

Ethereum’s ability to maintain support above $3,000, even amid weakening broader market sentiment, helps keep its medium-term bullish structure intact. The weekly chart shows ETH clinging to this critical zone, with upcoming price action likely to be influenced heavily by volatility around these major technical levels.

A successful rebound could push ETH toward key resistance levels at $3,540 and $3,876. However, a decisive breakdown below $3,175 would signal a shift toward bearish momentum, potentially inviting further declines.

Given Bitcoin’s continuing instability, ETH traders should stay alert for strong reactions around these vital support and resistance zones.

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**Also Read:**
[How Low Can Bitcoin Price Go? Analysts Point to Two Key Levels](#)

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### FAQs

*Coming Soon*
https://bitcoinethereumnews.com/bitcoin/ethereum-price-analysis-can-eth-hold-above-3000-despite-btc-price-crash/

general

Cathie Wood Dumps Tech Stocks for Gene-Editing Plays in CRISPR and Beam

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**Cathie Wood’s ARK Invest Shifts Focus to Biotech with Major Portfolio Moves**

On November 4, 2025, Cathie Wood’s ARK Invest executed significant portfolio changes, shifting capital from technology stocks into cutting-edge biotech investments. The firm’s daily trading report highlighted large purchases in the gene-editing sector alongside reductions in established technology holdings.

**Major Biotech Investments**

ARK Invest made substantial moves in genomic medicine, purchasing 162,327 shares of CRISPR Therapeutics, worth $10.06 million. This investment was split between the ARK Innovation ETF (ARKK) and ARK Genomic Revolution ETF (ARKG). In addition, ARK acquired 291,001 shares of Beam Therapeutics for $7.06 million, with the purchase also divided between its ARKK and ARKG funds. Both companies specialize in gene-editing therapeutics for a range of diseases, underscoring ARK’s confidence in the long-term potential of genomics.

In total, ARK’s biotech purchases on the day exceeded $17 million—a clear sign of the firm’s preference for gene-editing companies over more traditional tech stocks.

**Increasing Digital Asset Exposure**

Aside from biotech investments, ARK Invest also boosted its cryptocurrency exposure. The firm bought 23,963 shares of Bullish, a crypto-related company, totaling $1.20 million. This addition was spread across multiple ARK ETFs, further diversifying the firm’s presence in digital assets.

**Technology Holdings Reduced**

While ARK ramped up its biotech and digital asset bets, it trimmed several technology holdings:

– **Teradyne:** ARK sold 27,423 shares valued at $5.02 million through its flagship ARKK fund, continuing a recent trend of reducing its position in this semiconductor testing company.
– **Roku:** The firm sold 15,362 shares worth $1.67 million, marking another reduction in its streaming platform exposure through ARKK.
– **SoFi Technologies:** ARK reduced its position by 20,485 shares valued at $627,455, a sale processed via its fintech-focused ARK Fintech Innovation ETF (ARKF).

In total, ARK’s technology and fintech stock sales amounted to approximately $7.3 million, compared to $17.12 million in biotech purchases, illustrating a decisive net inflow into the life sciences sector.

**Portfolio Rebalancing Details**

The CRISPR Therapeutics buy marked ARK’s largest single transaction of the day, reinforcing the firm’s strong conviction in the gene-editing pioneer. Beam Therapeutics received the second-largest allocation. The Teradyne and Roku sales reflect a continued pattern of de-risking from mature tech sectors, while the SoFi adjustment signals minor tweaks within ARK’s fintech portfolio.

All gene-editing purchases were executed exclusively through ARKK and ARKG, ARK’s funds specializing in disruptive innovation and genomics. By moving more than double its sales proceeds into biotech stocks, ARK Invest is signaling continued faith in the long-term growth of life sciences innovation.

**Summary**

Cathie Wood’s ARK Invest showcased a decisive shift on November 4, 2025, aggressively allocating capital toward gene-editing and blockchain-related companies while trimming exposure to traditional technology names. These moves highlight ARK’s ongoing belief in the transformative potential of biotech and digital assets for the future.
https://blockonomi.com/cathie-wood-dumps-tech-stocks-for-gene-editing-plays-in-crispr-and-beam/

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Micron (MU) Stock: Company Abandons Chinese Data Center Fight After Ban

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Micron Technology (MU) is set to halt its supply of server chips to data centers in China following an unsuccessful recovery from Beijing’s 2023 product ban. The chipmaker announced on October 17 that it will exit this specific market segment, marking a significant shift in its operations amid ongoing trade tensions between the U.S. and China.

### Background: The Beijing Product Ban and Its Impact

Micron was the first American semiconductor company to face pressure from Chinese authorities when Beijing imposed a product ban in 2023. This ban was widely viewed as a retaliatory move in response to Washington’s restrictions targeting China’s tech industry growth. Despite China’s rapidly expanding data center market, Micron was effectively shut out, unable to capture any market share in this lucrative sector.

### Selective Market Approach in China

Although Micron is pulling back from supplying server chips to Chinese data centers, it isn’t completely leaving the Chinese market. The company will continue to sell chips to Chinese customers that have substantial operations outside of China. Additionally, Micron plans to maintain its presence in China’s automotive and mobile phone sectors, which remain open for business.

This selective strategy enables Micron to balance continued market access with the realities of government-imposed restrictions, maintaining a foothold in the world’s second-largest economy despite the challenges.

### CEO Sanjay Mehrotra’s Recent Stock Activity

Amid these strategic shifts, Micron’s CEO Sanjay Mehrotra has been active in the stock market. In late October, he sold company shares valued at approximately $5.13 million. These transactions, spanning October 29 and 30, involved the sale of 18,586 shares with prices ranging from $221.68 to $231.45 per share.

– On October 29, Mehrotra sold 8,968 shares at an average price of $230.23 and 2,930 shares at $231.45.
– On October 30, he sold multiple lots at slightly lower prices: 527 shares at $221.68, 596 shares at $223.04, 1,131 shares at $224.30, 3,225 shares at $225.05, 4,911 shares at $226.14, and 212 shares at $226.79.

These sales were conducted under a Rule 10b5-1 trading plan, which Mehrotra established on August 8, 2024. This plan allows executives to sell shares on a predetermined schedule to avoid any appearance of insider trading.

Additionally, on October 29, Mehrotra gifted 10,000 shares. After these transactions, he directly owns 409,078 shares and holds an indirect ownership of 675,000 shares through grantor retained annuity trusts for himself and his family.

### Conclusion

Micron Technology’s decision to stop supplying server chips to Chinese data centers reflects the ongoing challenges posed by geopolitical tensions and regulatory barriers. However, by focusing on automotive, mobile phone sectors, and customers with operations outside mainland China, Micron aims to sustain a strategic presence in the Chinese market.

Meanwhile, CEO Sanjay Mehrotra’s stock transactions underscore the company’s ongoing corporate maneuvers as it navigates this complex business environment.
https://blockonomi.com/micron-mu-stock-company-abandons-chinese-data-center-fight-after-ban/

business, economy, energy, india, mining

Arunachal Pradesh’s first commercial coal mine starts operations tomorrow

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**Arunachal Pradesh’s First Commercial Coal Mine to Begin Operations Tomorrow**

*By Dwaipayan Roy | October 5, 2025, 6:41 PM*

Arunachal Pradesh is set to enter the coal mining industry with the inauguration of its first commercial coal mine at the Namchik-Namphuk coal block in Changlang district tomorrow. The ceremony will be led by Union Coal Minister G Kishan Reddy, who will perform the Bhoomi Poojan and officially hand over the mining lease.

As part of the event, Minister Reddy will also flag off machinery for Coal Projects Private Limited (CPPL), the company that will commence operations at the site. In a move towards environmental sustainability, he will plant 100 trees to support a green initiative.

### The Journey of Namchik-Namphuk Coal Block

The Namchik-Namphuk coal block holds significant reserves estimated at 1.5 crore tons. Originally allocated in 2003, the project faced numerous delays and operational hurdles over the years. However, in 2022, the coal block was revived through a transparent auction process, marking a new era of private sector participation in Arunachal Pradesh’s mining sector.

This marks a milestone not only for the state but also for India, which currently ranks as the world’s second-largest coal producer. Arunachal Pradesh is now poised to contribute to this status through its maiden commercial coal mining activity.

### Economic Impact and Employment

The commercial mining launch is expected to generate over ₹100 crore in annual revenue for Arunachal Pradesh. Beyond revenue generation, the project is anticipated to create substantial employment opportunities for the local youth, boosting the state’s socio-economic development.

This initiative aligns with Prime Minister Narendra Modi’s vision of EAST – Empower, Act, Strengthen, Transform – which guides development efforts across India’s Northeast region.

### Promoting Responsible Resource Management

By formalizing coal mining operations, the state aims to eradicate illegal mining activities that have previously led to resource exploitation and wastage. This move is expected to introduce transparency and accountability in managing Arunachal Pradesh’s precious natural resources.

Moreover, the government has announced plans to auction two critical mineral blocks in Arunachal Pradesh and five additional blocks in Assam. This highlights the growing importance of the Northeast region within India’s strategic and technological mineral landscape.

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The inauguration of the Namchik-Namphuk coal mine marks a new chapter for Arunachal Pradesh, setting the stage for sustainable development while contributing to India’s overall energy and mineral production goals.
https://www.newsbytesapp.com/news/business/arunachal-pradesh-to-start-commercial-coal-mining-on-october-6/story

business, economy, energy, india, mining

Arunachal Pradesh’s first commercial coal mine starts operations tomorrow

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**Arunachal Pradesh’s First Commercial Coal Mine to Start Operations Tomorrow**

*By Dwaipayan Roy | October 5, 2025, 6:41 PM*

Arunachal Pradesh is set to inaugurate its first commercial coal mine at the Namchik-Namphuk coal block in Changlang district tomorrow. The ceremony will be led by Union Coal Minister G Kishan Reddy, who will perform the Bhoomi Poojan and officially hand over the mining lease. Additionally, he will flag off machinery for Coal Projects Private Limited (CPPL) to begin operations at the site and plant 100 trees as part of a green initiative.

**Namchik-Namphuk Coal Block: A Historical Overview**

The Namchik-Namphuk coal block, which holds reserves of approximately 1.5 crore tons, was initially allocated in 2003. However, the project faced several delays and stoppages due to operational challenges over the years. In 2022, the block was revived through a transparent auction process, facilitating private sector participation in Arunachal Pradesh’s mining industry.

This marks a significant milestone for Arunachal Pradesh as it embarks on its coal mining journey, positioning itself within India’s coal sector — India being the world’s second-largest coal producer.

**Economic Impact: Revenue and Employment**

The commencement of commercial coal mining in Arunachal Pradesh is expected to generate over ₹100 crore annually in revenue for the state. More importantly, it will create valuable employment opportunities for local youth, contributing to the region’s economic development.

This initiative aligns with Prime Minister Narendra Modi’s vision of EAST (Empower, Act, Strengthen, Transform), a guiding philosophy aimed at uplifting the Northeast region of India through sustainable growth and development.

**Sustainable Resource Management and Future Plans**

The launch of formal commercial mining will help curb illegal mining, exploitation, and wastage of the state’s natural resources. It is anticipated to bring greater transparency and accountability to the management of Arunachal Pradesh’s rich mineral wealth.

Furthermore, the government has announced plans to auction two critical mineral blocks in Arunachal Pradesh and five in Assam. These moves underscore the growing strategic importance of the Northeast region in India’s technological and mineral landscape.

With these developments, Arunachal Pradesh is poised to play a vital role in India’s broader mining sector while promoting sustainable economic growth.
https://www.newsbytesapp.com/news/business/arunachal-pradesh-to-start-commercial-coal-mining-on-october-6/story

business, economy, energy, india, mining

Arunachal Pradesh’s first commercial coal mine starts operations tomorrow

Leave a comment

**Arunachal Pradesh’s First Commercial Coal Mine to Commence Operations Tomorrow**

*By Dwaipayan Roy | October 5, 2025, 6:41 PM*

Arunachal Pradesh is set to make a significant leap in its mining sector with the inauguration of its first commercial coal mine at the Namchik-Namphuk coal block in Changlang district tomorrow. The ceremony will be led by Union Coal Minister G Kishan Reddy, who will perform the Bhoomi Poojan and officially hand over the mining lease.

During the event, Minister Reddy will also flag off the machinery for Coal Projects Private Limited (CPPL) to commence operations at the site. As a part of a green initiative, he will plant 100 trees, underscoring the commitment to environmentally responsible mining practices.

**A Long-Awaited Milestone: The Namchik-Namphuk Coal Block**

The Namchik-Namphuk coal block, which holds an estimated reserve of 1.5 crore tons of coal, was initially allocated in 2003. However, the project faced numerous delays and operational challenges over the years. It was in 2022 that the block was revived through a transparent auction process, opening the door for private sector participation and marking Arunachal Pradesh’s formal entry into the coal mining industry.

This development is particularly significant as India currently ranks as the world’s second-largest coal producer, and Arunachal Pradesh’s new role will contribute to bolstering the country’s coal output.

**Economic Benefits and Employment Opportunities**

The launch of commercial coal mining in Arunachal Pradesh is expected to generate an annual revenue of over ₹100 crore for the state government. Additionally, it will create numerous employment opportunities for local youth, providing a boost to the region’s economy.

This initiative aligns closely with Prime Minister Narendra Modi’s vision for the Northeast region, encapsulated in the EAST framework—Empower, Act, Strengthen, Transform—which guides development projects throughout the area.

**Promoting Transparency and Sustainable Resource Management**

One of the key benefits of the commercial mining operation is the anticipated end of illegal mining activities and resource exploitation that have previously plagued the region. The government aims to bring transparency and accountability to the management of Arunachal Pradesh’s natural resources through this official and regulated mining operation.

Furthermore, plans are underway to auction additional critical mineral blocks—two in Arunachal Pradesh and five in neighboring Assam—highlighting the Northeast’s growing importance in India’s strategic minerals and technology sectors.

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The inauguration of the Namchik-Namphuk coal mine marks a new chapter in Arunachal Pradesh’s economic development, promising growth, sustainability, and prosperity for the region.
https://www.newsbytesapp.com/news/business/arunachal-pradesh-to-start-commercial-coal-mining-on-october-6/story