TLDR
- Ethereum has overtaken Bitcoin in institutional treasury holdings, with 4.1% of total supply held by institutions compared to Bitcoin’s 3.6%
- The increase in institutional ETH holdings followed the GENIUS Act signed by Donald Trump, which established a regulatory framework for stablecoins
- ETH price is currently trading near $3,951 after failing to hold the $4,000 psychological level, down 1.52% in the past 4 hours
- Technical indicators show bearish momentum with the MACD line crossing below the signal line and RSI at 43, suggesting potential further decline
- Key support sits at $3,880-$3,900, while resistance levels are at $4,000, $4,100, and $4,200, with analysts eyeing a potential move toward $4,500
Ethereum has surpassed Bitcoin in institutional treasury holdings for the first time. Recent data shows institutions now hold 4.1% of Ethereum’s total supply.
Ethereum Surpasses Bitcoin in Digital Asset Treasuries by Total Supply
Ethereum now leads with 4.1% of total supply held by institutional treasuries, followed by Bitcoin (3.6%) and Solana (2.7%).
The surge in ETH holdings coincided with Donald Trump’s signing of the GENIUS Act,… pic.twitter.com/o3d2NwmG6m
— CryptoRank.io (@CryptoRank_io) October 29, 2025
Bitcoin trails at 3.6%, while Solana sits at 2.7%. This marks a shift in how large investors are allocating their digital asset portfolios.
The change in institutional holdings came after the GENIUS Act was signed into law by Donald Trump. This legislation created a regulatory framework for stablecoins.
The new rules strengthened trust in on-chain finance systems. Institutions responded by increasing their Ethereum positions.
Large investors view Ethereum as core infrastructure for decentralized finance. The continued accumulation suggests growing confidence in the network’s long-term value.
Ethereum currently trades near $3,951, representing a 1.52% decline over the past four hours. The cryptocurrency has struggled to maintain the $4,000 psychological level.
Sellers have regained control after several failed recovery attempts. The price action shows bears putting pressure on the market.
Technical Indicators Point to Continued Weakness
The Relative Strength Index stands at 43, indicating fading momentum. This reading suggests the price could move toward oversold territory if selling continues.
$ETH continues to respect the long-term bullish trendline, showing strong structure and healthy pullbacks 🔵
If price taps the trendline support again around the $3,600–$3,700 zone, we could see a strong bullish reaction leading to a new leg upward toward $4,800+ by year-end.… pic.twitter.com/WaXqnyptz5
— 𝘽𝙪𝙡𝙡𝙞𝙨𝙝 🚀 (@AfulArman) October 29, 2025
The MACD indicator shows the blue line has crossed below the signal line. Red histogram bars are expanding on the chart.
This crossover pattern typically indicates weakening bullish momentum. Traders often interpret this as a signal for potential further declines.
On the three-day chart, Ethereum is repeating a pattern from its previous market cycle. The cryptocurrency has tested its support line twice while remaining above it.
Market analysts have noted similarities to past price behavior. In previous cycles, touching the support zone twice preceded upward moves.
Key Price Levels to Watch
Support currently sits at the $3,900 level. If this floor breaks, the next target would be $3,840.
$ETH/3-day#Ethereum has touched the support line twice and remains above it, mirroring previous price action. pic.twitter.com/4j52xkW8e9
— Trader Tardigrade (@TATrader_Alan) October 29, 2025
A move below $3,840 could push the price toward $3,750 or even $3,700. The $3,880 level serves as initial support on the downside.
Resistance remains firm at $4,000, with the bearish trend line also positioned at this level. The 100-hourly Simple Moving Average adds another resistance layer.
Above $4,000, the next barriers sit at $4,100 and $4,200. A breakout above these zones could open a path toward $4,400 and potentially $4,500.
The broader cryptocurrency market declined 2.19% in the last 24 hours. Bitcoin dropped 3.58% and slipped below $112,000.
Ethereum also fell 3.58% during the same period. Traders reduced their positions ahead of the Federal Reserve’s rate decision.
Ethereum is currently trading below both the $4,000 mark and its 100-hourly Simple Moving Average. The price failed to stay in positive territory after attempting to rally above $4,120.
