Ethereum News Update: Ethereum Reaches Pivotal Moment as Large Holders Accumulate Amid Weakening Technical Indicators

Bitget App

Trade smarter

Bitget

News

Markets

Ethereum News Update: Ethereum Reaches Pivotal Moment as Large Holders Accumulate Amid Weakening Technical Indicators

Bitget-RWA2025/11/18 00:32

By:Bitget-RWA

- Ethereum (ETH) near $3,100 tests critical support as bearish technical indicators clash with aggressive whale accumulation of $53.91 million in a week. - Key metrics show price below 200-day EMA and RSI near oversold levels, while whale positions grew by 180K ETH amid $107M ETF outflows. - Institutional buyers like Tom Lee's BitMine add $29.14 million to holdings despite $120M unrealized losses, contrasting BTC's $523M ETF inflows. - Macroeconomic risks persist with Fed hawkishness and declining network

Ethereum (ETH) is currently challenging a major long-term support level as traders contend with a blend of negative technical patterns and significant whale buying. The altcoin, which is trading close to $3,100, has

experienced a 7% decline

over the past week, driven by weakening on-chain data and broader economic pressures. Despite this, large holders are resisting the downward movement, with one notable whale

increasing its stake

by 36,437

ETH

(worth $53.91 million) since November 4, raising their total assets to $1.34 billion. This contrast between short-term price swings and ongoing accumulation suggests the crypto market may be approaching a pivotal moment.

Technical signals point to continued bearish momentum. Ethereum's value has slipped beneath important moving averages, such as the 200-day EMA at $3,584, while the Relative Strength Index (RSI)

is lingering near oversold levels

at 33. Should the price fall below $3,057, it could

prompt a move

toward the $2,850 mark, a historically significant support area. At the same time, resistance at the 200-day EMA of $3,660

continues to pose a strong barrier

, with recent failures at this point adding to short-term market doubts.

Nonetheless, whales are taking advantage of the market weakness.

Insights from Arkham Intelligence and CryptoQuant indicate

that wallets holding between 10K and 100K ETH have collectively added 180K ETH in the last week. Notably, Tom Lee's BitMine has

become a significant purchaser

, acquiring 9,176 ETH ($29.14 million) from Galaxy Digital OTC and bringing its monthly total to 19,500 ETH. "This bold approach reflects strong long-term optimism," an analyst commented,

even though the whale currently faces $120 million

in unrealized losses.

Institutional moves add further complexity. While U.S. spot

Ethereum

ETFs have seen $107.1 million in net outflows,

Bitcoin

ETFs attracted $523.9 million in inflows, hinting at a possible shift toward BTC

as some analysts suggest

. Meanwhile, Canary's XRP ETF

launched with $58 million

in trading volume, pointing to renewed demand for altcoin investments. On the supply front, Ethereum's deflationary mechanics

are still in place

, with staking rewards averaging 4.1% and inflation staying under 1%.

Wider market conditions add to the unpredictability.

The Federal Reserve's firm policy stance

has reduced expectations for a rate cut in December, leading to $1.4 billion in net outflows from ETH ETFs since late October. Network activity has also

dropped to its lowest levels in years

, with both monthly active addresses and transaction fees falling sharply. Still, some experts draw comparisons to 2017,

observing that 17 million ETH

has shifted into accumulation wallets in 2025, boosting long-term holdings to 27 million ETH.

As Ethereum trades near a crucial support level, the balance between institutional accumulation and macroeconomic challenges will determine its short-term direction. With whales continuing to buy and ETF flows evolving, the market is waiting for a decisive event to resolve the current stalemate—whether that means a further decline or a lasting recovery.

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!

- Grab partners with StraitsX to build Web3 wallets and stablecoin payment networks across Asia, targeting cross-border transaction efficiency. - The integration enables real-time, low-cost settlements using XSGD/XUSD stablecoins while maintaining AML/CTF compliance for merchants and users. - By addressing fragmented payment systems and high fees, the initiative aims to position Southeast Asia as a regulated digital asset innovation hub. - Aligning with Asia's $300B stablecoin market growth projections, th

Bitget-RWA•2025/11/18 10:04

Grab and StraitsX Connect Web2 and Web3 Through Stablecoin Transactions

Vitalik Buterin Champions ZK-SNARKs: Opening New Avenues for Investment Amid Ethereum's Scalability Transformation

- Vitalik Buterin champions ZK-SNARKs as Ethereum's scalability solution, endorsing ZKsync's 15,000 TPS Atlas upgrade for seamless Layer 1-2 liquidity. - ZKsync's Fusaka upgrade (Dec 2025) aims to double throughput to 30,000 TPS, while partnerships with Deutsche Bank/Citi highlight institutional demand for confidential transactions. - ZK protocols reached $3.5B TVL in Q3 2025, with ZK token surging 50% post-endorsement, reflecting market confidence in ZK's utility and economic resilience. - ZKsync faces co

Bitget-RWA•2025/11/18 10:02

Ethereum Updates: Major Ethereum Holder Moves Funds, Mirroring Pre-Surge Trends as Investors Watch for Market Steadiness

- A whale withdrew $82.9M in ETH from an exchange, sparking market bottoming speculation as exchange-held supply declines, a historical precursor to crypto rallies. - Analysts highlight "morning star" candlestick patterns and RSI resets on ETH charts, suggesting potential outperformance over Bitcoin and stabilization above key moving averages. - Resilient 30-day transaction volume and institutional accumulation signals contrast with ETF sell-off pressures, though $10,000 price targets face risks from U.S.

Bitget-RWA•2025/11/18 09:46

Zcash (ZEC) Price Rally as Privacy Coins Recover: Exploring the Drivers and Evaluating Long-Term Investment Potential

- Zcash (ZEC) surged over 7% in 24 hours after Cypherpunk Technologies' $58.88M institutional purchase, pushing prices to a $700+ multi-year high in late September 2025. - The firm's Zcash Digital Asset Treasury aims to accumulate 5% of ZEC supply, positioning it as a privacy-compliant alternative to fully anonymous coins like Monero amid tightening global crypto regulations. - Zcash's optional shielded transaction model using zk-SNARKs offers regulatory flexibility, attracting institutional backing from G

Bitget-RWA•2025/11/18 09:44