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Ethereum News Update: Ethereum Holds $3K—Bears Apply Pressure as Large Investors Anticipate Recovery

Ethereum News Update: Ethereum Holds $3K—Bears Apply Pressure as Large Investors Anticipate Recovery

Bitget-RWA2025/11/04 22:50
By:Bitget-RWA

- 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

options on Deribit, with a put-to-call ratio of 1.91 and the asset trading below the max pain threshold of $4,100.12, according to a . The same report highlights that spot Ethereum ETFs attracted $9.6 billion in new investments during Q3 2025, surpassing ETFs, which saw $8.7 billion in inflows. Yet, recent withdrawals from both Bitcoin and Ethereum ETFs—totaling $327 million on November 3—reflect increasing caution among institutional investors amid a broader market slump, as detailed in a .

Institutional moves have added further complexity to the market outlook.

shifted $1 billion worth of Bitcoin and Ethereum to Prime over a five-day period, bringing BlackRock’s total crypto assets under custody to $17.6 billion. Analysts believe these transfers are part of custodial adjustments for the iShares Bitcoin Trust (IBIT) and Ethereum Trust (ETHA), which oversee $85 billion and $14 billion in assets, respectively, as noted in a . These movements highlight institutional trust in crypto custody solutions, even as ETF redemptions persist.

Ethereum News Update: Ethereum Holds $3K—Bears Apply Pressure as Large Investors Anticipate Recovery image 0

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

. Additionally, significant Ethereum withdrawals from exchanges—often seen before price rallies—indicate that some investors remain optimistic, as mentioned in the TradingView report.

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

. Should Ethereum fall under $3,000, the next significant support levels are at $2,730 and $2,400. A rebound could be possible if Bitcoin stabilizes around $100,000, potentially lifting ETH back toward $3,500, as the CryptoTicker analysis also notes.

The overall cryptocurrency market has shed more than $3.6 trillion in value, with Bitcoin and Ethereum leading the downturn.

, , and have all experienced steep declines, while newly launched ETFs for altcoins such as Solana and have attracted fresh capital, indicating a shift in investor focus, as reported by crypto.news.

0

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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