Ethereum News Today: Ethereum Bounces From $3,300 as Analysts Flag $1,700 Risk

Ethereum rebounded above $3,300 in recent trading, with the 24-hour loss narrowing to 8.98% as of the latest data. The cryptocurrency gained 2.72% to $3,859.45, snapping a three-day losing streak and marking the largest percentage increase since October 26, 2025, according to a TradingView report https://www.tradingview.com/news/DJN_DN20251031009940:0-ethereum-gained-2-72-to-3859-45-data-talk/. Despite the short-term rally, Ethereum remains down 1.98% on the week, signaling ongoing volatility in the broader crypto market. Year-to-date, ETH has climbed 15.39%, but it trades 22.11% below its all-time intraday high of $4,955.23 set in August 2025.

The price action has drawn mixed reactions from analysts. Popular crypto analyst Ali Martinez, known as @ali_charts on X, warned of a potential "worst-case scenario" for Ethereum, predicting a decline to as low as $1,700 by mid-2026 if the token fails to reclaim the $4,000 threshold, according to a Yahoo Finance article https://finance.yahoo.com/news/crypto-analyst-predicts-ethereums-worst-235710886.html. His analysis highlights bearish technical signals, including a lack of sustained momentum above the $3,800 support level. "If ETH can't hold this level, it's plausible we see a drop to $2,400 or even $1,700," Martinez stated, citing a 46.4% potential drop from current prices.

Ethereum's struggles are compounded by outflows from spot exchange-traded funds (ETFs), which have intensified institutional caution. Data from SoSoValue shows Ethereum ETFs experienced $136 million in outflows on Monday alone, with BlackRock's ETHA leading the exodus at $82 million, according to FXStreet https://www.fxstreet.com/cryptocurrencies/news/ethereum-price-forecast-eth-etf-outflows-signal-more-pain-ahead-202511041530. Cumulative net inflows for U.S.-listed ETH ETFs now stand at $14.23 billion, but the trend underscores waning demand from both institutional and retail investors. Retail sentiment has also deteriorated, with futures open interest (OI) declining to $44.72 billion from a peak of $63 billion in October. This drop reflects traders closing long positions and shifting to short bets, exacerbating selling pressure.

Broader market factors are amplifying the downward pressure. The Federal Reserve's recent hint that additional rate cuts may be delayed has spooked investors, according to a TradingView analysis https://www.tradingview.com/news/newsbtc:ecdd12741094b:0-here-s-why-the-bitcoin-ethereum-and-dogecoin-prices-are-crashing-again/. Meanwhile, persistent rumors—such as claims about Wintermute's activities—have added to the bearish sentiment. Additionally, spot Bitcoin ETFs have seen four consecutive days of outflows, with $327 million leaving the sector as of the latest data, according to a Crypto.news report https://crypto.news/bitcoin-ethereum-etfs-extend-outflows-with-327m-as-market-slides-lower/. While altcoins like Litecoin and Hedera have also fallen, inflows into some altcoin ETFs suggest pockets of resilience amid the broader selloff.

Technical indicators reinforce the bearish outlook. Ethereum's daily chart shows a negative Moving Average Convergence Divergence (MACD), and the OI-weighted funding rate remains suppressed at 0.0038%, indicating a lack of bullish conviction. Analysts caution that without a major catalyst—such as regulatory clarity or adoption-driven demand—Ethereum may struggle to break free from its downward trajectory.