Ethereum News Today: Whales Buy $1.37B Dip as Ethereum Tests $3,300 Support

Generated by AI AgentCoin WorldReviewed byAInvest News Editorial Team
Wednesday, Nov 12, 2025 10:23 pm ET1min read
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- Ethereum's price fell 3.46% to $3,417.77 on Nov. 11, its largest drop since Nov. 4, with a 11.44% monthly decline despite a 2.18% year-to-date gain.

- Institutional investors accumulated $1.37B worth of ETH during the $3,247–$3,515 pullback, but failed to reclaim $3,350 resistance, intensifying bearish concerns.

- Technical indicators show deteriorating momentum below key EMAs, with $3,300–$3,200 as critical support levels and 138% above-average selling volume confirming institutional participation.

- Despite fragile market structure, record 24,192 TPS throughput and whale activity suggest potential reversal if $3,247 support holds and $3,480 resistance is breached.

Ethereum's price continued to falter in late November 2025, struggling to maintain gains above $3,500 amid mixed technical signals and shifting market sentiment. The cryptocurrency fell 3.46% to $3,417.77 on Nov. 11, marking its largest daily decline since Nov. 4, when it dropped 10.73%, according to a

TradingView report
. Over the past month,
Ethereum
has lost 11.44%, despite a year-to-date gain of 2.18%. The asset now trades 31.03% below its all-time intraday high of $4,955.23 reached in August, per the
TradingView report
.

Technical analysts have highlighted deteriorating

momentum
, with Ethereum testing critical support levels. The $3,300 threshold has emerged as a key area of focus, with bears potentially targeting $3,150–$3,200 if the price breaks below this level, according to a
Crypto News analysis
. A breakdown below $3,360, identified as a major support zone, could push the price toward $3,290 and then $3,220, as noted in a
TradingView article
. Intraday volatility has also intensified, with a 6% swing observed in the past 24 hours, as reported by a
Yahoo Finance report
.

On-chain data reveals a divergence in market behavior.

While Ethereum's price declined 3.3% to $3,331 on Nov. 6, large holders accumulated 394,682 ETH-valued at $1.37 billion-during the pullback, as reported by a
Yahoo Finance report
. This accumulation, occurring between $3,247 and $3,515, suggests institutional buyers may view the decline as a strategic entry point. However, the price failed to reclaim $3,350 resistance in the final hours of the analysis window, compounding bearish concerns, as noted in the
Yahoo Finance report
.

Market structure remains fragile, with Ethereum trading below its 100-hourly simple moving average and key EMAs. The daily RSI at 42.98 indicates mild bearish momentum, while the MACD shows marginal bearish bias, as noted in a

Cryptonomist analysis
. Volume analysis confirmed institutional selling participation, with breakdown volume exceeding the 24-hour average by 138%, according to a
Yahoo Finance report
. Meanwhile, the CoinDesk Index 5 (CD5) edged higher to $1,843 during volatile trading, though sellers reemerged near resistance levels, per the
Yahoo Finance report
.

Despite the near-term weakness, some analysts remain cautiously optimistic. Ethereum's network throughput recently hit a record 24,192 transactions per second, and on-chain whale activity suggests potential for a near-term reversal, as reported by a

Yahoo Finance report
. Traders are now monitoring whether the asset can hold the $3,247 support zone. A move above $3,480 would begin to neutralize the bearish breakdown pattern, potentially setting the stage for a test of $3,650 resistance, as noted in the
TradingView article
.