Ethereum faces a hurdle: VanEck applies for the first Lido ETF in the USA!

Ethereum faces a hurdle: VanEck applies for the first Lido ETF in the USA!

The cryptocurrency Ethereum (ETH) is currently at a crucial point. As of October 21, 2025, the price is trading at $3,980 and is facing a challenge at the $4,100 level. This resistance level follows a decline from support at $3,815. Several factors are influencing ETH price movements, including a new filing by VanEck with the SEC for the first Lido Staked Ethereum ETF in the US.

The ETF, designed specifically for investors, provides access to the price history of staked ETH and associated staking rewards. This development comes in an environment where the SEC has clarified that proof-of-stake and liquid staking activities do not fall under securities transactions. VanEck's application could open the doors for institutional investors seeking a compliant and tax-efficient way to use Ethereum staking. This type of regulated investment opportunity could further fuel interest in Ethereum.

Volatility in the market

There has been significant volatility in the Ethereum market over the past 24 hours, with futures liquidations totaling $144.3 million. This sum is made up of $62.6 million in long positions and $81.7 million in short positions. Despite challenges at the $4,100 resistance level, ETH has recently overcome a descending trendline, with the next hurdle at $4,270 and $4,500. A breakthrough could potentially cause the price to rise further.

However, on the downside, according to the current situation, ETH could fall to the support at $3,500 if it falls below the $3,815 level. This indicates that investors need to pay close attention to price movements, especially in light of developments surrounding VanEck's ETF application.

Technical indicators

Technical indicators such as the Relative Strength Index (RSI) and MACD histogram bars currently point to continued bearish dominance, although some slight signs of improvement are evident. These mixed signals highlight the uncertainty within the market and the need for close analysis of Ethereum price movements in the near future.

In conclusion, Ethereum is going through a critical moment. The development caused by the ETF application, coupled with the current market volatility, could be crucial for future price developments. Investors are hitting the buy button as they wait for significant news and hurdles that can drive the price both up and down.

For more information, read the full analysis FXStreet.