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Ethereum Updates: ETF Outflows Trigger Market Decline While Major Holders Increase Their Positions

Ethereum Updates: ETF Outflows Trigger Market Decline While Major Holders Increase Their Positions

Bitget-RWA2025/11/17 03:26
By:Bitget-RWA

- Ethereum's price fell below $3,200 amid failed rebounds and massive ETF outflows, intensifying selling pressure as macroeconomic uncertainties drive institutional rotation into safe-haven assets. - Whale accumulation of 460,000 ETH ($1.6B) contrasts with mega-whale liquidations, while technical indicators show fragile support at $3,050 and bearish momentum below $3,280. - BitMine's 3.5M ETH ($12.7B) treasury acquisition highlights institutional interest, though ETF redemptions and a broken $3,653 resista

Ethereum's value has dropped beneath $3,200, deepening its losses after several unsuccessful efforts to climb back above important resistance points, recent reports indicate. Currently trading near $3,130, the digital asset has fallen over 5% in the last seven days, with technical signals and market patterns pointing to

if crucial support levels fail. A bearish trendline has emerged on the ETH/USD hourly chart, with resistance at $3,160 unable to hold, toward the key $3,000 mark.

The selloff has worsened due to significant outflows from

ETFs, in just one session, prompting issuers to sell spot assets and increasing downward pressure. This reflects the broader decline in Bitcoin, as large investors shifted funds into gold and other safe-haven assets amid global economic uncertainty. At the same time, Ethereum’s performance relative to has weakened, since BTC’s losses have outpaced those of ETH.

Blockchain data presents a mixed scenario. While retail investors and leveraged traders have contributed to much of the selling, major whale wallets show signs of selective buying.

have accumulated nearly 460,000 ETH—worth over $1.6 billion at current prices—over the last four days, signaling long-term optimism despite short-term turbulence. However, have trimmed their balances, making the bullish case less clear.

Technical signals point to a vulnerable setup. Ethereum is trading below its 100-hour simple moving average, the RSI has slipped under 50, and

. Immediate support is seen at $3,050, with $3,000 as the next level, while a move back above $3,280 could revive positive sentiment. , which has persisted since August, is still in play and would require a close above $3,653 to negate the bearish outlook.

Despite the recent downturn, institutional appetite for Ethereum remains.

, now the biggest holder of Ethereum in treasury, has acquired 3.5 million ETH—valued at more than $12.7 billion—and is targeting control of 5% of the total supply. Meanwhile, in BlackRock’s Bitcoin ETF (IBIT) during Q3, although such moves are uncommon for endowments, which usually prefer direct asset holdings over ETFs.

The outlook remains unclear. While whale accumulation and corporate treasury purchases offer some long-term support, immediate risks are significant. ETF outflows, risk-off moves in global markets, and ongoing volatility all increase the chance of further declines.

could open the door to a further slide toward $2,900, while could spark renewed .

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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