Will Bitcoin Rebound Following US Shutdown? What Lies Ahead for ETH as L2 Scaling Gains Momentum?
BTC and Ether dipped as traders exhibited reduced risk appetite, with ETF outflows and varied macroeconomic signals urging a cautious stance.
In the last 24 hours, BTC (BTC) was priced around $102,757, reflecting a decrease of about 1.1%, while ETH (Ethereum) traded at approximately $3,358, marking a decline of nearly 4.2%.
Bitcoin Price Forecast: Will Bitcoin Bounce Back After the US Government Shutdown Concludes?
Recently, BTC ETFs listed in the US have experienced new net outflows. Concurrently, fresh private-payroll data has introduced uncertainty into the broader economic outlook, affecting global markets.
The latest ADP data indicated an increase of 42,000 in US private payrolls for October.
This result was slightly above expectations, yet with a majority of government statistics paused during the federal shutdown, it failed to alleviate crypto market worries.
Reuters reported pressure impacting US futures and significant tech indexes in Asia.
ETF flow analysis indicated net outflows from October 31 to November 4, suggesting a reduction in interest after strong inflows earlier this year.
Daily figures fluctuate, but the overall trend has shifted negative, contributing to an apprehensive atmosphere surrounding BTC.
Signals from policymakers have been inconsistent. Furthermore, industry representatives in Japan seek improved regulation to enhance trading activities.
In the UK, fintech companies urged regulators to expedite crypto asset policy-making, highlighting faster actions taken by the US, EU, and Singapore.
The Washington shutdown has strained US agencies, impeding progress.
BTC is trading around $101,000. Analyst Gordon connected its subsequent movement to the shutdown, referencing a similar scenario from late 2018.
During that time, Bitcoin fell approximately -20% during the shutdown but surged nearly +50% in the following three months.
The chart illustrates a decline of about 21% into a support level. A prominent upward arrow indicates a potential rebound once the US government shutdown concludes.
Recent candlestick patterns are showing a sideways movement, indicating that selling pressure is easing.
Gordon suggests that if historical trends repeat, short sellers may encounter difficulties, as the chart suggests potential for a rapid recovery.
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Ethereum Price Forecast: What Insights Does GrowThePie Data Provide Regarding Ethereum’s Current TPS?
Ethereum’s layer-2 (L2) solutions are expanding rapidly, contributing to the chain’s scalability.
Data from GrowThePie indicates that ETH might process as much as 10,000 transactions per second (TPS) by 2031 as more L2 solutions are deployed.
Ethereum’s L2s are witnessing a surge in activity, with L1 set to follow.
The Mainnet is anticipated to scale from 18.6 TPS today to beyond 10,000 TPS by 2031.
A 500x+ increase in capacity.
This expansion will result from improvements such as Danksharding, data availability sampling, and execution… pic.twitter.com/Ty5yEz91Ut
— Leon Waidmann
(@LeonWaidmann) November 5, 2025
According to the analytics firm, the Ethereum Mainnet handled around 18.6 TPS last month. Achieving the 10,000 TPS objective will require the network to scale approximately 537 times its current capacity.
For reference, Ethereum has grown from around 0.71 TPS in 2015 to 18.6 TPS today, marking an increase of nearly 26 times.
From May to November 2025, it processed 3.56 million transactions, recorded 242,780 active wallets, held $7.91 billion in stablecoins, and secured a total value of $16.34 billion.
Arbitrum One generated around $363,700 in revenue during this period, showing a profit of approximately $361,000 on-chain.
Ethereum experienced a sharp decline this week, trading around $3,360. This drop brings it back to the price levels that were prevalent throughout most of 2024.
$ETH Has completely reversed from that prior cycle high and is now situated back within the $2.8K-$4.1K range, which dominated much of 2024.
Technically, the weekly outlook still appears sound while the daily trend has unquestionably shifted downward.
There’s a strong possibility it may revert to fluctuating… pic.twitter.com/TPTReIsXiA
— Daan Crypto Trades (@DaanCrypto) November 5, 2025
Crypto market analyst Daan Crypto commented on X that Ethereum has “completely reversed” from its past cycle high and is now back in the $2,800–$4,100 range.
The weekly chart suggests that the asset is losing momentum since it couldn’t sustain gains near the $4,864 resistance level, which has previously rejected prices multiple times in past cycles.
Daan noted that the broader weekly trends still appear stable, although the daily trajectory has turned negative.
He anticipates a period of sideways movement and remarked that the price might “chop around for some time” before a robust move occurs.
Vital support is situated near $2,850, with a deeper support area visible between $2,200–$2,160. A breakdown below the midpoint could reveal those levels, while a recovery above $4,100 would be necessary to regain optimistic momentum in the longer term.
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The article Will BTC Bounce After US Shutdown? And What’s Next for Ethereum as L2 Scaling Accelerates? first appeared on 99Bitcoins.
