Ethereum News Update: Ethereum Holds $3K—Bears Apply Pressure as Large Investors Anticipate Recovery
- Ethereum's price fell below $3,100 as $2.6B options expiration on Deribit intensified bearish pressure, with key support at $3,000 under threat. - Q3 ETF inflows ($9.6B for ETH vs $8.7B for BTC) contrasted with recent $327M outflows, signaling institutional caution amid market downturn. - BlackRock transferred $1B in crypto to Coinbase Prime for custodial rebalancing, highlighting institutional confidence despite ETF redemptions. - Whale HyperUnit opened $55M long positions on ETH/BTC, while large ETH wi
Ethereum has seen its price drop further, hovering around $3,100 as of October 31, 2025, sparking concerns about whether the $3,000 support will remain intact. This downward trend has been exacerbated by the expiration of $2.6 billion in
Institutional moves have added further complexity to the market outlook.
Some major market players are sending signals that run counter to the prevailing trend. A well-known crypto whale, HyperUnit, has opened $55 million in long positions on Bitcoin and Ethereum through Hyperliquid, anticipating a market recovery. This investor, recognized for capitalizing during the October U.S.-China tariff selloff, has a seven-year history of strategic trades, according to a
Technical analysis offers mixed signals. Ethereum has dropped below its 200-day simple moving average (SMA) at $3,370, confirming a bearish outlook. The Relative Strength Index (RSI) stands at 43, and the MACD remains negative, suggesting continued selling pressure, though the asset has not yet entered oversold territory, according to a
The overall cryptocurrency market has shed more than $3.6 trillion in value, with Bitcoin and Ethereum leading the downturn.
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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