You are about to leave the website of SDM Inc. ("SDM") and will be redirected to the website of SDM Financial Inc. ("SDM Financial"), a US affiliate of SDM providing crypto derivatives trading services.
Please be aware that SDM Financial's services are not intended for, and should not be used by, residents of Canada.
By clicking on the link to SDM Financial's website, you acknowledge and agree that: You are not a Canadian resident.
SDM Financial is not registered with any regulatory authority in Canada and is strictly prohibited from entering, or otherwise engaging in, any transactions with Canadian residents.
Non-Canadian residents who deal with SDM Financial do so at their own risk, and SDM will not be held liable for any losses or damages incurred as a result.
By clicking 'I Accept' below, you confirm that you have read, understand, and agree to the above . If you do not agree, please select 'I Decline' and you will be redirected back to SDM's website.
Crypto markets advanced through Tuesday’s session, with Bitcoin climbing toward $105K and Ethereum positioning for what could be a decisive breakout. BTC extended its pattern of higher lows that began earlier this month, rebounding from $102.6K into the U.S. open as traders targeted a potential push to $107K. Sentiment improved after reports of “massive” Bitcoin withdrawals from Binance, one of the largest spikes of 2025, which analysts viewed as a sign of accumulation and increased self-custody. OTC desk activity also rose, signaling renewed institutional participation even as traders stayed cautious near the $107K to $107.4K resistance zone.
Ethereum outperformed on the day, flashing technical signals of an imminent breakout after a period of consolidation. The asset is “seconds away” from breaking out of a falling wedge structure that has been forming since early October. A close above $3,560, aligning with the 0.236 Fibonacci level, would likely confirm a bullish reversal and open a path toward $4,400 by mid-December. The setup is supported by a bullish MACD crossover, historically a strong momentum indicator for multi-week rallies. On the flip side, rejection at the upper wedge boundary could send ETH back to $3,000–$3,200 or, in a deeper pullback, to $2,710 near the wedge apex.
ETH/BTC remains near cycle lows, consistent with historical patterns where Ethereum tends to underperform Bitcoin ahead of December before reversing higher. With BTC maintaining strength above its 50-week moving average, the base case calls for ETH to form a higher low and prepare for one final rally of the current cycle. Overall, the tone across digital assets turned more constructive today, as both BTC and ETH defend key support zones and technical conditions hint at a broader recovery phase heading into year-end.
Crypto Charts
ETF Flow
Disclaimer
This research is for informational use only. This is not investment advice. Other than disclosures relating to Secure Digital Markets this research is based on current public information that we consider reliable, but we do not represent it is accurate or complete, and it should not be relied on as such. The information, opinions, estimates, and forecasts contained herein are as of the date hereof and are subject to change without prior notification. We seek to update our research as appropriate.
Any forecasts contained herein are for illustrative purposes only and are not to be relied upon as advice or interpreted as a recommendation. The price of crypto assets may rise or fall because of changes in the broad market or changes in a company's financial condition, sometimes rapidly or unpredictably. Past performance is not a guide to future performance, future returns are not guaranteed, and a loss of original capital may occur. Fluctuations in exchange rates could have adverse effects on the value or price of, or income derived from, certain investments. We and our affiliates, officers, directors, and employees, excluding equity and credit analysts, will from time to time have long or short positions in, act as principal in, and buy or sell, the securities or derivatives, if any, referred to in this research.
The information on which the analysis is based has been obtained from sources believed to be reliable such as, for example, the company’s financial statements filed with a regulator, company website, company white paper, pitchbook and any other sources. While Secure Digital Markets has obtained data, statistics, and information from sources it believes to be reliable, it does not perform an audit or seek independent verification of any of the data, statistics, and information it receives.
Unless otherwise provided in a separate agreement, Secure Digital Markets does not represent that the report contents meet all of the presentation and/or disclosure standards applicable in the jurisdiction the recipient is located. Secure Digital Markets and their officers, directors and employees shall not be responsible or liable for any trading decisions, damages or other losses resulting from, or related to, the information, data, analyses, or opinions within the report.
Crypto and/or digital currencies involve substantial risk, are speculative in nature and may not perform as expected. Many digital currency platforms are not subject to regulatory supervision, unlike regulated exchanges. Some platforms may commingle customer assets in shared accounts and provide inadequate custody, which may affect whether or how investors can withdraw their currency and/or subject them to money laundering. Digital currencies may be vulnerable to hacks and cyber fraud as well as significant volatility and price swings.
Contact Us
Sign up to receive more exclusive market coverage:
.png)
.png)
.png)
