Daily Crypto Signals: Bitcoin Consolidates at $106K While Ethereum Gas Fees Hit Historic Lows
Bitcoin is trading around $106,000 as traders watch critical technical levels heading into a pivotal weekly close, with analysts warning
Quick overview
- Bitcoin is trading around $106,000, with analysts warning that a breakdown could signal the end of the current bull market.
- Ethereum's gas fees have dropped to a multi-year low of 0.067 Gwei, raising concerns about the network's long-term revenue sustainability.
- Market uncertainty is heightened by political events, including the ongoing US government shutdown and an upcoming Supreme Court ruling on tariffs.
- Robert Kiyosaki predicts Bitcoin could reach $250,000 by 2026, while signs suggest an impending altcoin season may be on the horizon.
Bitcoin BTC/USD is trading around $106,000 as traders watch critical technical levels heading into a pivotal weekly close, with analysts warning that a breakdown could signal the end of the current bull market. Meanwhile, Ethereum ETH/USD network gas fees have plummeted to just 0.067 Gwei, raising concerns about long-term revenue sustainability despite providing relief for users executing onchain transactions.
Crypto Market Developments
There is a lot of uncertainty in the cryptocurrency market right now since a lot of things are coming together to affect prices in the near future. President Donald Trump said that most Americans would get a $2,000 “dividend” from tariff revenues. Market analysts think this could boost the economy and be good for crypto prices, but some people fear that it could lead to inflation in the US dollar in the long run.
Robert Kiyosaki, a well-known financial author, has doubled down on his projections for hard assets, saying that Bitcoin will be worth $250,000 and gold would be worth $27,000 by 2026. This adds to the bullish feeling. Kiyosaki said that he’s still purchasing Bitcoin, Ethereum, gold, and silver even though people are warning him that the economy is about to implode. He called these assets “real money,” which is different from what he calls the Federal Reserve’s “fake money.”
At the same time, technical analysts are seeing signs that altcoin season may be coming sooner than they thought. Matthew Hyland, a crypto analyst, said that Bitcoin’s dominance chart has been looking negative for a few weeks. The continuous slump could be good for the price of altcoins. Hyland also said that traditional finance companies may have caused the recent price swings by making moves in the market.
People in the market are keeping a careful eye on two big political events: the US government shutdown, which is still going on, and a Supreme Court judgment on international trade tariffs that is coming up. Both occurrences could have a big impact on crypto values. Analysts think that if the shutdown ends and tariffs are lifted, there will be a “expansion” phase.
Bitcoin Reclaims $106,000
Bitcoin is now trading around $106,357, which is a limited range of consolidation. Traders are paying particular attention to the weekly candle closure. Fibonacci retracement research has found that the $103,500 mark is a major level, and there are a number of other important technical levels at risk. Trader Titan of Crypto said that a weekly closing below this level wouldn’t be too bad right away, but if it breaks down next week, it might mean the bull market is finished.
The 50-week exponential moving average, which is currently at $100,940, is another important support level that bulls need to protect. If this technical signal closes below this level for a week, it could lead to more selling pressure and more risk of prices going down. Bitcoin is also getting close to its fourth “death cross” of the current bull cycle, which happens when the 50-day simple moving average crosses below the 200-day equivalent. This pattern has happened before when prices have gone back to the mean and stayed at the bottom.
In addition to technological issues, institutional demand has apparently dropped, and original “OG” whales are still putting pressure on the market by selling throughout 2025. Ted Pillows, a crypto investor, said to be careful because the markets were expecting the government shutdown to finish over the weekend, but it didn’t happen. This might mean that Bitcoin will go down much more if good news doesn’t come soon.
Ethereum Gas Fees Drop to Multi-Year Lows
Gas prices on Ethereum’s layer-1 network are dropping quickly. On Sunday, they dropped to just 0.067 Gwei, the lowest level in years. This means that transaction costs are quite low: swaps cost only $0.11, NFT sales cost $0.19, cross-chain bridging costs $0.04, and on-chain borrowing costs $0.09. This is a big win for people and traders who do transactions on the blockchain, but the very cheap costs are making others worry about Ethereum’s long-term economic viability.
The fee fall is very different from the 2021 bull run, when Ethereum layer-1 transactions could cost consumers $150 or more when the network was busy. The change sped up with the Dencun upgrade in March 2024, which made Ethereum’s layer-2 scaling networks’ costs go down by a lot. This upgrade accidentally made Ethereum’s base layer revenue drop by an incredible 99%, which critics say is an economic model that can’t last.
Ethereum’s scaling model, which depends a lot on a network of distinct layer-2 networks, is the main reason why it is having trouble making money. Binance’s research shows that this strategy has both pros and cons. On the one hand, layer-2 solutions help Ethereum grow and compete with newer, faster blockchains. On the other hand, they take money away from the base layer and create competition within Ethereum’s own ecosystem. The fees stayed low, staying below 1 Gwei for most of October and November after briefly rising to 15.9 Gwei during the market flash crash on October 10. This could mean that fewer people are using the network, which could make it less secure in the long run because validators aren’t getting paid enough to do their jobs well.
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