On October 19, 2025, Ethereum rebounded after buyers defended the 200-day trend average. At the time of writing, ETH was trading around $4,062, up 4.24% over the past day. The cryptocurrency remained down 1.72% on the week. Positive on-chain flows and technical support indicate potential for further upside, according to market analysis.

More than $180 million in leveraged crypto positions were liquidated over 12 hours as Bitcoin rose above $111,000. The majority occurred on Hyperliquid, with over $109 million in BTC and $98 million in ETH shorts unwound, according to Coinglass.

Crypto investment products saw $513 million in net outflows last week, according to CoinShares. Ethereum-focused funds attracted $205 million in inflows despite broader market outflows. Bitcoin-related products drove most of the decline with $946 million in outflows. U.S. markets accounted for $621 million of the total outflows.

Global markets face a critical week with major economic data releases, including U.S. inflation, China's Q3 GDP at 4.7%, and flash PMI readings across key economies. Around 10% of S&P 500 firms report earnings, offering insight into corporate performance amid shifting conditions. The Federal Reserve hosts a conference on crypto, stablecoins, and AI in payments, highlighting regulatory interest in innovation. Key inflation reports from the U.S., U.K., and Japan add to the busy calendar.

U.S. spot bitcoin ETFs saw a net outflow of $1.23 billion last week, the second-largest since their launch in 2024. The outflow followed heightened market volatility, as bitcoin dropped to around $103,700 on October 17 before recovering to above $111,000. Prior to this, the funds had recorded $2.7 billion in net inflows the previous week, according to SoSoValue data. Meanwhile, spot Ethereum ETFs reported a weekly net outflow of $311.8 million.

Senator Kirsten Gillibrand will host a roundtable with leading crypto executives on October 22, 2025, to revive stalled discussions on U.S. market structure legislation. Attendees include the CEOs of Coinbase, Chainlink, Ripple, Uniswap and other major firms. The meeting aims to re-energize legislative efforts amid partisan gridlock over regulatory frameworks. Bipartisan negotiations in Congress remain at a standstill, according to journalist Eleanor Terrett.

The European Union will ban all Russian gas imports by the end of 2027, starting with new short-term contracts in June 2025. Hungary and Slovakia will receive temporary exemptions due to limited alternative access. A $750 billion energy agreement with the United States aims to accelerate liquefied natural gas diversification, according to EU officials.

The U.S. government shutdown entered its 20th day on October 20, 2025, with no resolution in sight. Analysts suggest it could become the longest in history, affecting 900,000 workers and federal operations.