Ethereum's Bullish Higher Low and Whale Accumulation Signal a Strategic Entry Point for Long-Term Investors

Ethereum (ETH) has entered a pivotal phase in its price trajectory, marked by a confluence of technical and on-chain signals that suggest a strategic entry point for long-term investors. While the broader market remains in a consolidation phase, Ethereum's price action and whale behavior indicate a potential inflection point. This analysis synthesizes recent technical patterns, on-chain accumulation trends, and institutional positioning to argue that Ethereum's current dynamics warrant a bullish reevaluation.

Technical Analysis: The Higher Low and Mixed Momentum

Ethereum's price action in November 2025 has formed a higher low pattern, a key technical indicator of potential bullish momentum. Despite a bearish RSI divergence-where price made a higher low while the RSI formed a lower low-suggesting weakening bullish momentum according to technical analysis, other indicators paint a more nuanced picture. The MACD histogram has shown shrinking bearish momentum, with a potential crossover looming that could signal a reversal according to technical indicators.

A critical development is Ethereum's breakout from a bullish pennant pattern on the 4-hour chart, a continuation pattern projecting a technical target near $3,700. This breakout, coupled with a reclamation of the $3,000 threshold (currently trading at $3,041 as of November 27, 2025), suggests that buyers are stepping in at key support levels. The ADX and EMA confirm a strong downtrend, but a sustained move above $3,000 could reverse the short-term bearish bias.

On-Chain Accumulation: Whales as Market Anchors

On-chain data reveals a surge in whale accumulation, with large holders (wallets holding 10,000–100,000 ETH) amassing over 800,000 ETH in November 2025. This accumulation occurred during price fluctuations between $2,800 and $4,200, signaling strategic positioning by institutional and long-term investors. For instance, during the early November sell-off, whales accumulated 323,523 ETH (worth $1.12 billion) as Ethereum approached $2,600, while another report noted 394,682 ETH ($1.37 billion) added during a decline between $3,247 and $3,515.

The stored supply metric-a measure of coins held in long-term wallets-has risen sharply, while active supply (coins available for spending) has declined. This shift reflects a broader trend of investors securing assets for long-term holding, potentially in anticipation of Ethereum's upcoming upgrades or macroeconomic catalysts.

Balancing Bearish and Bullish Signals

While Ethereum remains in a double top pattern with resistance at $3,000 and $2,970 according to technical analysis, the market is closely watching for a liquidity sweep-a temporary dip below key support levels to collect orders before rebounding. A breakdown below $2,840 could trigger a deeper correction, but a rebound above this level could rekindle bullish momentum toward $3,600.

Exchange reserves for Ethereum have also declined to 8.6% of total supply, the lowest since 2015, indicating reduced circulating supply and heightened demand for private storage or staking. This dynamic amplifies price reactions during high-demand periods, as fewer coins are available for trading.

Strategic Entry Point for Long-Term Investors

The interplay of technical and on-chain signals creates a compelling case for a strategic entry point. Whale accumulation during dips suggests that large investors view current levels as undervalued, particularly as Ethereum's valuation models project intrinsic price targets ranging from $4,747 to $9,583. For long-term investors, the key is to monitor critical support levels ($2,880, $2,840) and resistance zones ($3,120–$3,165). A sustained breakout above $3,200 could validate the bullish case, while a breakdown below $2,650 would test the resilience of the current accumulation trend.

Institutional flows further reinforce this thesis. U.S. Ethereum ETFs, including BlackRock's ETHA fund, have seen net inflows of $88.22 million in late November, signaling growing institutional confidence. This capital influx, combined with Ethereum's declining exchange reserves, suggests that the market is transitioning from a bearish consolidation phase to a potential bullish setup.

Conclusion

Ethereum's technical and on-chain dynamics in November 2025 present a nuanced but bullish outlook. While bearish indicators like RSI divergence and the double top pattern persist, the surge in whale accumulation, bullish pennant breakout, and declining exchange reserves highlight a market poised for a reversal. For long-term investors, the current price action represents a strategic entry point, provided they remain disciplined in monitoring key levels and macroeconomic catalysts. As Ethereum approaches critical inflection points, the balance of evidence tilts toward a scenario where patient capital can capitalize on a potential multi-year uptrend.