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Ethereum News Today: Ethereum Faces $3,000 Test as Institutional Optimism Clashes with Bearish Forces

Ethereum News Today: Ethereum Faces $3,000 Test as Institutional Optimism Clashes with Bearish Forces

Bitget-RWA2025/11/22 14:02
By:Bitget-RWA

- Ethereum stabilizes near $3,100 Fibonacci support as RSI and Stochastic Oscillator signal potential bullish reversal after sharp correction. - Institutional buyers accumulate 3.5% of ETH supply through long-term staking, contrasting ETF outflows and creating structural demand. - Technical analysts highlight completed Elliott Wave B pattern, suggesting $3,592 resistance test if bulls defend $3,000 threshold successfully. - Risks persist below key moving averages, with breakdown to $2,850-$2,380 possible a

Ethereum’s latest price movements have reignited hope among traders, with technical signals and institutional involvement hinting at a possible bullish turnaround despite persistent market swings. Following a steep drop that sent the cryptocurrency below $3,000 earlier in the week,

has managed to find support at crucial Fibonacci retracement points, and that counter the dominant bearish outlook. The price has steadied near $3,100, which coincides with a significant Fibonacci retracement range between $1,820 and $2,620—a zone traders consider pivotal for short-term price direction .

This stabilization is backed by blockchain data indicating a slowdown in bearish pressure. Ethereum’s Relative Strength Index (RSI) has bounced back from oversold levels, and the Stochastic Oscillator has also recovered from extreme lows, suggesting a possible change in market sentiment

. Furthermore, Ethereum’s price has remained above the $3,000 psychological mark, which previously acted as a major resistance during past rallies . Researchers from Chainalysis and the Ethereum Foundation have stressed the significance of this support area, pointing out that it could trigger a broader recovery if buyers maintain control .

Ethereum News Today: Ethereum Faces $3,000 Test as Institutional Optimism Clashes with Bearish Forces image 0
Institutional investors have further strengthened the argument for a bullish shift. Leading organizations such as BitMine and SharpLink have been actively accumulating Ethereum, with their combined holdings now surpassing 4.35 million ETH—almost 3.5% of the total supply. Unlike speculative traders, these institutions are long-term holders, systematically purchasing and staking ETH to earn returns and create sustained demand . This wave of institutional buying stands in contrast to the recent withdrawals from Ethereum ETFs, which have experienced over $1.2 billion in redemptions this month . The difference in behavior between retail and institutional participants highlights a broader shift of Ethereum’s supply from short-term, leveraged positions to more stable, long-term holdings.

Analysts are also noting the completion of a corrective B wave in Elliott Wave analysis, a formation that has historically preceded strong upward moves. Technical experts suggest that Ethereum’s current consolidation near $3,100 may mark the conclusion of an extended bearish phase and the beginning of a new rally. “A stable B wave can provide a foundation for a bullish move,” one analyst on X commented, adding that a successful bounce could see ETH challenge the $3,592 resistance level in the near future

.

Nevertheless, certain risks persist. Ethereum’s price remains under important moving averages, and a drop below $3,000 could revive selling pressure, potentially driving the price down to $2,850 or even $2,380

. At the same time, broader economic challenges, such as postponed Federal Reserve rate cuts and ongoing geopolitical issues, continue to impact risk assets .

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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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