Ethereum News Today: Ethereum's Crucible: Sellers Hold Swerve as Bulls Bet on $16K Rebound by 2025

Ethereum's recent price action has sparked debate among analysts, with on-chain data suggesting a potential accumulation phase despite a broader market correction. The cryptocurrency fell to a 2025 low of $3,000 before rebounding to $3,324, supported by key technical levels and historical patterns, according to a Yahoo Finance report. While momentum indicators like the RSI and MACD remain bearish, an Investing.com analysis notes institutional activity hints at long-term optimism. BitMine, a major Ethereum holder, added $300 million in ETH to its reserves, raising its total holdings to $11.11 billion, according to a Coinpedia analysis. Analysts argue that such accumulation cycles often follow capitulation events, with historical rebounds of 38–45% observed within two months, the Investing.com analysis adds.

The broader market, however, faces headwinds from ETF redemptions. Over $1.78 billion in crypto assets were liquidated in the past 24 hours, with Ethereum ETFs seeing $135.7 million in outflows on November 3 alone, Coinpedia reports. BlackRock's Ethereum ETF led the exodus, draining $81.7 million as institutional investors rotated capital amid waning confidence. This trend contrasts with Solana ETFs, which attracted inflows for six consecutive days, the Yahoo Finance piece notes, highlighting shifting risk appetites.

Bitcoin's structural weakness has further pressured Ethereum, given their 0.86 correlation, the Investing.com analysis observes. BTC's drop below $100,000—coupled with the Federal Reserve's cautious stance on rate cuts—triggered a cascade of automated sell orders, according to a Benzinga opinion. ETFs, once hailed as a stabilizing force, have instead amplified volatility by enabling rapid, panic-driven exits, Benzinga argues. Retail participation, a historical stabilizer during dips, has also dwindled, with Binance deposits collapsing by 83% since 2023, Benzinga adds.

Despite these challenges, some analysts remain bullish. Tom Lee of Fundstrat argues Ethereum is "the best crypto to buy in the dip," projecting $16,000 by year-end 2025, the Investing.com analysis reports. His thesis hinges on the ETH/BTC ratio normalizing to its 2021 high of 0.087 and the U.S. Genius Act's regulatory clarity boosting stablecoin demand. Ethereum's role as the settlement backbone for $147 billion in stablecoins could drive structural demand, particularly if the sector expands to $2 trillion by 2030, the Investing.com piece adds.

Market technicals suggest a potential rebound. Ethereum's 200-day EMA at $3,601 now acts as a critical resistance level, the Investing.com analysis notes, while on-chain metrics like the MVRV Z-score indicate a -10.5% "buy zone," Coinpedia's price analysis finds. CryptoQuant analysts note that Ethereum has cycled through all four classic market stages—decline, accumulation, markup, and distribution—in 2025, the Yahoo Finance report says, with the current correction signaling a shift in control to sellers. However, stabilization in exchange inflows suggests forced selling may be subsiding, the Investing.com analysis adds.

Bitcoin's ETF problem has also cast a shadow over altcoins. The asset's ETF cost basis ($89,613) versus its current price ($100K) reveals concentrated risk, exacerbated by the disappearance of retail "buy-the-dip" support, Benzinga warns. This dynamic has made crypto more vulnerable to sudden selloffs, as seen in the $821 million in 24-hour liquidations following the Fed's October 29 rate cut, according to a CoinDesk Daybook.

Looking ahead, Ethereum's path depends on macroeconomic clarity and institutional confidence. If the 200-EMA holds, a gradual recovery could materialize, the Yahoo Finance report suggests, while a break below $3,200 might trigger further declines. XRP, meanwhile, shows early signs of consolidation, with analysts noting reduced selling pressure near $2.20, per Coinpedia's coverage.