New ERC-8004 standard aims to revolutionize trust and interactions among AI 
agents on Ethereum
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Davide Crapis: ERC 8004 enables decentralized AI agent interactions, establishes trustless commerce, and enhances reputation systems on Ethereum | Unchained

Ethereum’s recent sell-off has weighed heavily on sentiment after the price 
fell below the $2,000 level and pulled much of the altcoin market lower 
alongside it. The move has caused sweeping fear and caution among Ethereum 
traders. However, some analysts are of the notion that a bullish upside will 
roll in soon. In a post shared on X, crypto analyst ChainHub said the current 
conditions point more toward exhaustion, and after massive downside comes 
massive upside. Related Reading: Bitcoin Edges Past Gold In Appeal, JPMorgan 
Says ETHBTC Structure Holds ChainHub emphasized that the ETH/BTC pair is still 
technically valid and has not seen any structural invalidation despite the 
recent price crash. Although Ethereum’s price fell much lower than many 
expected during the crash, it is not going to keep falling forever. He also 
pointed to fear levels that are now climbing to extremes rarely seen, noting 
that such environments always tend to appear near major turning points. &#8220;After 
massive fear and massive downside comes massive upside,&#8221; the analyst said. On 
Ethereum itself, ChainHub acknowledged that losing the $2,000 handle was 
important, but he highlighted the next major area of interest near $1,700. 
This zone is technically consistent with a broader corrective structure, and 
it is possible that Ethereum might not even fall that far before it rebounds. 
However, even if Ethereum does fall to $1,700, price action reaching this area 
means Ethereum is finally at a region where buyers may begin to reassert 
control. He linked this outlook to Bitcoin’s recent behavior. Bitcoin’s 
rejection at $72,000 opened the door to a retest of the upper portion of its 
summer 2024 demand range, which stretches from around $59,000 down to $49,000. 
ChainHub pointed out that this is the first significant interaction with that 
demand area since 2025, with Fibonacci alignment clustering around $57,000 to 
$58,000. This increases the odds that Bitcoin is in the process of forming a 
base, and that is where it establishes a bottom. Altcoins Touching Meaningful 
Demand Levels ChainHub also noted that Ethereum is not alone in testing 
critical levels. Several major altcoins, including Solana and XRP, have moved 
into important demand zones. Many of these altcoins have revisited August 2024 
lows or filled prior wicks, areas that have not yet been broken on an initial 
attempt. Solana, for instance, has broken below $100 for the first time since 
January 2024 and recently traded at a low of $75. As noted by ChainHub, this 
move saw Solana finally touch meaningful demand for the first time in 2 years. 
Related Reading: Polygon Hits $3.50 Billion In Payments As Crypto Activity 
Expands Dogecoin, Cardano, and Avalanche have also all filled the downward 
wicks on October 10, restoring balance and touching the August 2024 low. 
Although there is still the possibility for limited downside, the expectation 
is that the market begins forming a range and then starts building bullish 
momentum in the coming weeks. Featured image from Unsplash, chart from 
TradingView

Ethereum Price Is Not Going To Keep Falling Forever, Analyst Says

Bitcoin’s pullback is drawing institutional attention as Fidelity flags a key 
price zone, framing the move as part of a broader cycle shaped by Federal 
Reserve politics and shifting flows between digital assets and gold. Fidelity 
Identifies $65K Bitcoin as Attractive Entry Before Next Cycle Leg Fidelity 
Investments’ director of global macro, Jurrien Timmer, shared […]

$65K Bitcoin Marks Attractive Entry Point, Fidelity Says Amid Consolidation

Bitcoin is navigating one of its deepest conviction zones yet, a phase that 
tests nerves more than it screams opportunity. While prices drift and fear 
dominates the market, smart money quietly accumulates, laying the groundwork 
for the next potential trend shift. Testing Conviction: Bitcoin In One Of Its 
Deepest Bear Market Zones Over the past few weeks, volatility has intensified, 
causing Bitcoin’s price to fall sharply. Marcus Corvinus highlighted that 
Bitcoin is trading in one of the deepest bear market zones in history, an area 
that doesn’t shout buy now but instead tests conviction and patience. These 
are the zones where price can drift aimlessly, bleed, and frustrate traders 
for weeks or even months. It’s not a sign of weakness; rather, strong hands 
are quietly accumulating while fear dominates the market narrative. Related 
Reading: Bitcoin Hits Deep Demand As Liquidity Finally Sweeps The Lows These 
phases are always messy and uncomfortable. Sentiment is crushed, capitulation 
feels endless, and confidence is at its lowest. Retail traders often panic or 
step aside during these times, which is exactly why these opportunities are so 
often missed. The real shift in trend rarely begins with hype or dramatic 
rallies. Instead, it starts with stabilization, absorption, and subtle 
recovery signals that are only visible to those who are patient. Quiet 
accumulation, a slowing of selling pressure, and small rebounds all hint that 
the market may be preparing for its next meaningful move. History doesn’t ring 
a bell at the bottom. It punishes doubt before it rewards belief. Marcus 
concludes that he is watching this zone very closely. While it won’t last 
forever, when it finally ends, most market participants will wish they had 
paid attention. The opportunity lies in recognizing the signals while others 
are blinded by fear and frustration. Resistance Holds At $71,000 — What It 
Means For Bulls Crypto analyst Crypto Candy noted that Bitcoin is moving 
largely as expected. As previously mentioned, a pullback from the 
$61,000–$58,000 zone toward the $70,000–$67,000 area was likely, and that 
scenario has unfolded precisely as predicted. The market reacted within this 
range, confirming the anticipated short-term price dynamics. Related Reading: 
Bitcoin Hits Deep Demand As Liquidity Finally Sweeps The Lows Crypto Candy 
also highlighted that although BTC touched $71,000, it was unable to close 
above that level on the daily timeframe. This reinforces the idea that until 
Bitcoin decisively reclaims this zone, short-term retracements remain the 
primary expectation. Looking ahead, Crypto Candy emphasized that a bullish 
scenario can only be considered in the short term if BTC closes above $71,000. 
Until that happens, the market may continue to test lower ranges, and 
retracements from the current zone are expected. Featured image from Pixabay, 
chart from Tradingview.com

Bitcoin Drifts Into A Deep Conviction Zone, Smart Money Stays Patient

Santiment said the increased use of “capitulation” among crypto users on 
social media could suggest the market bottom has already happened.

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