Ethereum Updates: Major Holders Accumulate as ETFs See Outflows, Price Drops Under $3,000

Bitget App

Trade smarter

Bitget

News

Markets

Ethereum Updates: Major Holders Accumulate as ETFs See Outflows, Price Drops Under $3,000

Bitget-RWA2025/11/17 20:46

By:Bitget-RWA

- Ethereum's price fell below $3,000, sparking bear market fears and ETF outflows. - Institutional confidence wanes as spot ETFs see net outflows for four of five weeks. - Technical pressures trap ETH in a falling wedge pattern, with whales accumulating but facing key resistance levels. - Crypto funds recorded $2B in outflows, driven by Bitcoin’s six-month low and macroeconomic pressures. - Analysts cautiously optimistic about a potential $2,850 support level but warn recovery remains uncertain.

Ethereum experienced a sharp decline, falling below $3,000 for the first time since early November. This drop has intensified concerns about a prolonged bear market and cast doubt on the cryptocurrency’s future prospects. On Sunday, ETH touched $3,066, coinciding with a spike in ETF withdrawals and mounting worries about diminishing institutional trust.

Spot ether ETFs have seen net withdrawals

in four out of the last five weeks, according to investment manager Timothy Peterson, who pointed to this as evidence of weakening confidence among long-term investors. The downturn is part of a broader slump across the crypto sector, with

Bitcoin also sliding

to its lowest point in six months, leading to more than $1.4 billion in forced liquidations.

Technical factors have further fueled the sell-off.

Ethereum Updates: Major Holders Accumulate as ETFs See Outflows, Price Drops Under $3,000 image 0

On the 4-hour chart, Ethereum appears confined within a tightening falling wedge—a formation that often leads to sharp price swings. While ETH is still trading above its 200-day moving average near $2,550, which has historically provided support, it faces significant resistance at the 200-day EMA ($3,660) and at major supply levels around $3,550 and $3,800.

Blockchain analytics also indicate

a contradiction: although large investors (whales) are accumulating ETH, their purchases may not be sufficient to halt the decline. One major whale

acquired $1.38 billion worth of ETH

over a ten-day period, using borrowed capital to increase exposure. At the same time,

Ethereum

whales holding between 10,000 and 100,000 ETH

boosted their combined holdings

by 180,000 ETH in just one week. Still, analysts caution that if ETH falls below $3,100, it could trigger even more aggressive selling.

The wider market outlook remains troubling.

Cryptocurrency investment products saw $2 billion in outflows

last week—the largest since February 2025—as

Bitcoin

and Ethereum ETFs continued to lose assets.

Bitcoin’s drop below $100,000

has unsettled traders who rely on momentum, while broader economic challenges—such as fading expectations for a Federal Reserve rate cut—have worsened liquidity issues. “This is a liquidity adjustment, not a crisis of confidence in the asset,” said Alessio Quaglini, CEO of Hex Trust,

referencing a wave of forced liquidations

that followed renewed trade tensions between the U.S. and China in late October.

Despite the negative sentiment, some market watchers remain cautiously hopeful. Ethereum may find support near $2,850, a level that has historically served as a cyclical floor. Moreover,

targeted purchases by companies like Strategy

, which recently added $835.6 million in Bitcoin to its reserves, indicate that institutional interest has not disappeared. Nevertheless, the road to recovery is uncertain. With ETF outflows persisting and retail investor confidence at a low point, Ethereum’s chances of reaching its previous record highs seem increasingly remote.

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.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- Dogecoin (DOGE) tests critical $0.115–$0.125 support, with a breakdown risking a $0.08–$0.09 decline amid weakening technical indicators. - EV2’s $0.01 presale has raised $400K+ for a Web3 shooter game, attracting investors seeking utility-driven crypto projects. - Grayscale’s DOGE ETF launch and institutional interest contrast with bearish market sentiment and regulatory uncertainties. - CleanCore’s 78% stock drop highlights risks of Dogecoin treasury bets as holdings erode below $0.238 average purchase

Bitget-RWA•2025/11/17 22:32

Dogecoin News Today: Dogecoin Faces Key Support Challenge While EV2 Presale Attracts Growing Investor Confidence

Ethereum Updates Today: AI Trends and Meme Craze Drive Crypto's Dramatic Rally Despite Bubble Concerns

- Datavault AI (DVLT) announced a meme coin airdrop for shareholders, boosting shares 4.91% pre-market. - Mutuum Finance (MUTM) raised $18.8M in presale, with 800M tokens sold and potential 500% returns for early buyers. - BitMine Immersion (BMNR) holds 3.6M ETH, citing Ethereum tokenization and regulatory progress as growth drivers. - Digi Power X (DGXX) raised price target to $5, planning 55MW HPC deployment and AI infrastructure shift. - J.P. Morgan warned of AI-driven market bubbles, while Sampo's buyb

Bitget-RWA•2025/11/17 22:32

Ethereum News Update: Buterin: Ethereum's Privacy Features Require Improved User Experience

- Vitalik Buterin introduces Kohaku, a privacy framework for Ethereum to enhance onchain security and user anonymity. - Launched at the Ethereum Cypherpunk Congress, Kohaku aims to integrate mixnets and ZK browsers while addressing usability gaps in privacy tools. - Buterin highlights the "last mile" challenge: advanced cryptography exists, but user experience remains fragmented with separate seed phrases and limited multi-sig options. - The Ethereum Foundation reinforces privacy as a core right, rebrandin

Bitget-RWA•2025/11/17 22:14

Ethereum News Update: Buterin: Ethereum's Privacy Features Require Improved User Experience

Ethereum News Today: Ethereum’s Layer-2 Migration: Enhancing Scalability, Diminishing Worth?

- Ethereum (ETH) fell to a four-month low below $3,000, marking its largest single-day drop since November 2025. - Network fundamentals weakened, with Total Value Locked (TVL) dropping 13% to $74 billion and DEX trading volume declining 27% monthly. - Growing migration to layer-2 solutions like Arbitrum and Polygon reduced base-layer fee demand, fragmenting Ethereum's economic model. - Analysts highlight Ethereum's leadership in RWA tokenization but note macroeconomic factors, including U.S. debt dynamics,

Bitget-RWA•2025/11/17 22:14