Ethereum Ready for Its Next Big Move?

Fundstrat predicts Ethereum could dip to $4,200 before rebounding toward $5,500.

Danielle du Toit
October 10, 2025

Here's what we've got for you today:

Ether ‘3-Wave Pullback’ to End Soon, $5.5K Next: Fundstrat
$75B in Seizable Crypto May Boost National Reserves
Coinbase and Mastercard in $2 Billion Bidding Race for Stablecoin Firm BVNK: Report
Jack Dorsey Urges Tax-Free Status for ‘Everyday’ Bitcoin Payments

Fundstrat predicts Ethereum could dip to $4,200 before rebounding toward $5,500.

Fundstrat’s Mark Newton expects Ethereum (ETH) to bottom out near $4,200 in the next 1–2 days before resuming its uptrend toward $5,500.
The recent dip is described as a “minor three-wave pullback,” and is seen as a healthy correction after Ethereum’s September rally.
ETH remains rangebound between $4,000 and $4,750, and its current consolidation is likely building support for the next upward move.

Chainalysis reported that wallets tied to illicit crypto activity hold over $75 billion.

A new Chainalysis report estimates that wallets tied to illicit activity hold over $75 billion in crypto, with $15 billion directly owned by illicit entities and another $60 billion indirectly linked.
Darknet market operators control more than $40 billion in digital assets, with Bitcoin representing about three-quarters of the total illicit value.
The findings come as the US considers building a Strategic Bitcoin Reserve and Digital Asset Stockpile from seized crypto assets to strengthen federal holdings.

Coinbase and Mastercard are in talks to acquire stablecoin firm BVNK for up to $2.5 billion.

Coinbase and Mastercard are reportedly in advanced talks to acquire London-based stablecoin startup BVNK for between $1.5 billion and $2.5 billion.
Rumors suggest that Coinbase is in the lead. The potential deal will be the largest stablecoin acquisition ever as it surpasses Stripe’s $1.1 billion purchase of Bridge in 2024.
BVNK provides stablecoin payment infrastructure for enterprise clients like Worldpay and Flywire and processes over $20 billion annually.

Jack Dorsey is urging a tax exemption on small Bitcoin transactions to make BTC viable for everyday payments.

Jack Dorsey called for a de minimis tax exemption on small Bitcoin transactions to make BTC more practical for everyday payments.
His comments came after Square integrated Bitcoin payment services for merchants, which attracted support from Senator Cynthia Lummis. She proposed exempting transactions under $300 from capital gains tax.
Advocates argue that removing tax barriers on small BTC payments will help Bitcoin function more effectively as peer-to-peer digital cash, in line with Satoshi Nakamoto’s original vision.

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