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The cryptocurrency market entered the final day of October on a cautious note, with Bitcoin (BTC), Ethereum (ETH), and Pump.fun (PUMP) all struggling to recover from earlier declines.<\/p>\n\n\n\n
Bitcoin price faced heavy resistance at the 78.6% Fibonacci retracement level, drawn from the April 7 low of $74,508 to the October 6 all-time high of $126,199, before being rejected near $115,137 on Monday. Since then, BTC has dropped 5.44%, hovering near $109,100 at the time of writing.<\/p>\n\n\n\n
If selling pressure persists and Bitcoin closes below the 61.8% Fibonacci retracement level at $106,453, further downside toward the October 10 low of $102,000 remains possible. Traders are watching whether renewed risk appetite in traditional markets could help stabilize sentiment, or if institutional profit-taking ahead of the Fed\u2019s policy updates will continue to weigh on prices.<\/p>\n\n\n\n
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Ethereum (ETH) also extended its correction midweek after being rejected at the 100-day Exponential Moving Average (EMA). The second-largest cryptocurrency briefly dipped below $3,700 on Thursday before recovering to hover near $3,800 by Friday\u2019s Asian session.<\/p>\n\n\n\n
According to data from Coinglass, the network saw $220.8 million in liquidations over the past 24 hours, including $190.3 million in long positions, highlighting the sharp unwinding of leveraged trades during the pullback.<\/p>\n\n\n\n
Still, optimism remains among ETH supporters after developers officially locked in December 3 for the highly anticipated Fusaka network upgrade, expected to improve scalability and efficiency on the Ethereum blockchain. If Ethereum maintains support above $3,700, bulls may attempt to retest the $3,950\u2013$4,000 zone in the coming sessions.<\/p>\n\n\n\n
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The Pump.fun (PUMP) token remained under pressure during Friday\u2019s session, falling nearly 1% after a 15% decline the previous day. The launchpad token has struggled to break through the R1 Pivot Point at $0.005275, repeatedly facing rejection along a descending resistance trendline connecting the September 14 and October 3 peaks on the four-hour chart.<\/p>\n\n\n\n
At present, the nearest support levels are identified at the S1 Pivot Point ($0.003864) and S2 Pivot Point ($0.002933), which could serve as potential bounce zones if the sell-off deepens.<\/p>\n\n\n\n
The weakness in Pump.fun also mirrors the broader downturn seen across smaller-cap projects such as Virtuals Protocol and Ethena, both logging double-digit percentage declines this week as investors shifted toward safer assets amid renewed volatility.<\/p>\n\n\n\n
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As October closes, the crypto market remains at a crossroads. Bitcoin\u2019s consolidation near $109,000, combined with Ethereum\u2019s fragile support above $3,700, signals that traders are awaiting new catalysts possibly from macroeconomic data or institutional inflows to establish clear direction.<\/p>\n\n\n\n
Should risk sentiment improve heading into November, digital assets could see renewed inflows. However, failure to hold current support zones might trigger deeper corrections, particularly in the altcoin segment.<\/p>\n","protected":false},"excerpt":{"rendered":"
The cryptocurrency market entered the final day of October on a cautious note, with Bitcoin (BTC), Ethereum (ETH), and Pump.fun […]<\/p>\n","protected":false},"author":7,"featured_media":117393,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[629],"tags":[737],"class_list":["post-104156","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrencies","tag-cryptocurrencies-tag"],"acf":[],"yoast_head":"\n