Ethereum News Today: Ethereum's Price Crossroads: Whale Buys vs. Bearish Signals

Ethereum's price trajectory remains under intense scrutiny as bearish momentum persists, with analysts split on whether the cryptocurrency will stabilize above $3,200 or face further declines toward $2,500. Recent data highlights a complex interplay between whale accumulation, technical indicators, and on-chain metrics, painting a mixed picture of market sentiment.

The cryptocurrency's recent rebound from below $3,200 to $3,400 has been driven by renewed whale activity, with large holders adding $105 million to their ETH positions since Nov. 4—bringing their total accumulation to $1.33 billion since November. This contrasts with short-term bearish signals, as the 50-day and 100-day moving averages remain above the current price, indicating a downward trend. Bulls hope for a decisive break above $3,650–$3,700, to trigger a recovery toward $4,000.

However, technical analysis from CryptoPotato suggests Ethereum has broken below critical support levels, including the $3,200 mark and the 100-day moving average. The RSI has dipped to 33 on daily and 4-hour charts, signaling weak momentum and proximity to oversold territory. If ETH fails to reclaim $3,800, the $2,500 zone—aligned with a prior demand area from early Q3—could become the next major support.

On-chain data reveals a structurally bullish trend: exchange reserves for Ethereum have plummeted to multi-year lows, with just 15 million ETH (about 10% of the circulating supply) held on centralized platforms. This reflects growing institutional and retail accumulation, as investors prioritize self-custody and staking over trading. Yet, this reduced liquidity also heightens volatility risks, as any sudden selling by large holders could exacerbate price swings.

Binance's role in Ethereum's dynamics is notable. The exchange's ETH trading volume has surged to $6 trillion in 2025, three times higher than previous years, according to Zycrypto. While this indicates heightened speculative activity, experts caution that elevated open interest and inflows to centralized exchanges may signal potential sell-offs. Whales, however, continue to capitalize on price dips, with over 394,000 ETH ($1.37 billion) purchased in three days during a recent 12% correction.

Market observers remain divided. Some argue Ethereum's tightening supply and strategic accumulation by long-term holders could catalyze a bullish breakout, particularly if demand from decentralized applications or ETF inflows strengthens. Others warn that weak buyer participation and structural fragility—highlighted by Binance's record volume and leveraged positions—make further declines likely according to Zycrypto.

The coming weeks will test Ethereum's resilience. A sustained move above $3,800 could reignite bullish momentum, while a breakdown below $3,200 may accelerate the descent toward $2,500. As CoinPedia noted, the 2800–3000 support zone has historically acted as a strong base, offering a potential floor for the asset.

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