Ethereum News Today:

Ethereum (ETH) fell below $3,400 on November 7, 2025, amid a broader crypto market slump, but institutional and whale investors poured $1.37 billion into the asset over three days, signaling contrarian confidence in its long-term prospects. On-chain data revealed that eight major entities collectively bought 394,682 ETH, with the largest single purchase—257,543 ETH worth $896 million—attributed to an "Aave whale," according to a BeInCrypto report. Bitmine Immersion Technologies, Ethereum's largest corporate holder, added 40,719 ETH ($139.6 million) to its treasury, continuing a strategy of accumulating during dips, according to the TradingView SEC 10-Q report.

The buying frenzy coincided with Ethereum's steepest monthly drop since July, with the token losing 12% of its value in November and hitting a four-month low of $3,000, as reported by BeInCrypto. Despite the decline, exchange reserves for ETH fell to their lowest level since 2016, a metric often interpreted as investors shifting holdings to long-term storage, a trend also noted in the TradingView SEC 10-Q report. On-chain analytics firm Santiment noted that Ethereum's Market Value to Realized Value (MVRV) ratio indicated a "historically low-risk buying zone," with active traders holding an average 12.8% loss in the past 30 days.

The 7 Siblings crypto whale collective, known for strategic ETH accumulation during downturns, borrowed $60 million in USDC via Aave V3 to buy 10,861 ETH at $3,683, extending their total holdings to over 150,000 ETH since 2024, according to a Yahoo Finance report. Their actions, alongside those of other large players, highlighted a pattern of leveraging decentralized finance (DeFi) platforms to secure liquidity during volatile periods. Meanwhile, The Smarter Web Company, the UK's largest publicly traded firm holding Bitcoin, expanded its Bitcoin treasury by purchasing 800 BTC ($84.87 million) as part of its "10 Year Plan" to integrate crypto into its business strategy, according to a Yahoo Finance article.

Market dynamics were further complicated by macroeconomic headwinds. Federal Reserve Chair Jerome Powell's hawkish remarks, suggesting no "foregone conclusion" for a December rate cut, spooked investors, as detailed in an Economic Times article. Coupled with a $110 million DeFi hack on the Balancer protocol and $1.14 billion in liquidations across crypto derivatives, the environment triggered a risk-off sentiment. Bitcoin, Ethereum's peer, also dipped below $105,000, though it retained a market cap above $2 trillion (reported by Yahoo Finance).

Technical indicators offered a mixed outlook. Ethereum's Relative Strength Index (RSI) hit oversold levels at 31, while its 24-hour trading volume surged 145% above average during the breakdown below $3,400, according to a CoinDesk report. Analysts at Swissblock noted that holding the $100,000 structural floor for Bitcoin could reset bullish momentum, but Ethereum's path remained contingent on stabilizing inflows and macroeconomic clarity, a point echoed in the Yahoo Finance coverage.

Institutional demand, however, remained a bright spot. The Fidelity Ethereum Fund (FETH) saw net assets balloon from $1.2 billion to $3.2 billion in Q3 2025, reflecting growing institutional adoption, according to the TradingView SEC 10-Q report. Meanwhile, Ethereum staking participation hit a record 36.1 million ETH, reducing circulating supply and reinforcing its deflationary narrative, as noted in the Economic Times article.

Despite the turbulence, experts like Tom Lee of Fundstrat and CoinDCX analysts remain bullish, projecting Ethereum could reach $4,800–$5,500 by late 2025 if the Fusaka upgrade in December 2025 boosts scalability, according to a CryptoNews report. "The macro structure appears constructive—the network continues to scale, transaction demand remains robust, and staking keeps absorbing supply pressure," said MEXC's Shawn Young in the Economic Times coverage.

---