Ethereum Survives $3,100 Breakdown After Hayes’ $4M Sell-Off and Whale Awakening
Ethereum regained the $3,100 worth degree after briefly dipping beneath for over 4 hours on Monday morning. The rebound got here throughout heightened exercise from a decade-old pockets and main liquidations by notable market figures.
The latest volatility underscores two contrasting market forces: long-term holders reemerging and influential gamers trimming publicity.
ETH Price Action and Market Sentiment
Ether dropped beneath $3,100 for the primary time since November 4, 2025, buying and selling at $3,066 at 9:36 PM UTC on November 16, down 3.4% over 24 hours. This decline mirrored broader weak point in digital property and a view that ETH carries a better threat than Bitcoin.
One dealer on X said, “Getting extra and harder to see a special final result for $ETH at present. Had to chop the lengthy (on ETH) this afternoon. Won’t be attempting anymore.”
Despite the transient dip, Ethereum recovered to above $3,100 inside hours, demonstrating notable resilience. Market contributors are carefully monitoring ETF flows for indicators of continued promoting or a reversal, as they might set the tone for ETH’s route round this key support.
According to Coinalyze data, the Long-Short Ratio for ETH information over 3.0, signaling sturdy dealer engagement. Recent high factors point out durations of elevated exercise, whereas rising Open Interest displays rising participation and potential for bullish continuation. Nevertheless, ratio spikes additionally trace at short-term volatility dangers.
Arthur Hayes Liquidates Crypto Holdings
BitMEX co-founder Arthur Hayes started a sequence of large-scale crypto gross sales totaling roughly $4.1 million. On-chain analytics platform Lookonchain reported that Hayes offered 520 ETH, valued at $1.66 million, 2.62 million ENA, valued at $733,000, and 132,730 ETHFI, valued at $124,000, on Sunday.
Hours later, Hayes expanded the liquidation: he offered one other 260 ETH value $820,000, 2.4 million ENA valued at $651,000, 640,000 LDO value $480,000, 1,630 AAVE valued at $289,000, and 28,670 UNI value $209,000, in accordance with one other Lookonchain post. These property have been despatched to institutional desks—together with Flowdesk, FalconX, and Cumberland—that generally deal with high-volume liquidations.
These gross sales occurred as Ethereum retreated to $3,100 and Bitcoin slid to $94,000. Hayes’ actions could mirror a defensive rebalancing or profit-taking strategy throughout uncertainty, probably including promoting stress on ETH and associated property.
Dormant Ethereum Wallet Reawakens After a Decade
In a uncommon transfer, a dormant Ethereum ICO pockets transferred 200 ETH value $626,000 after over 10 years, in accordance with Lookonchain. The pockets had acquired 1,000 ETH throughout Ethereum’s genesis for a $310 funding—now a ten,097x return at present costs.
Such exercise is critical as a result of it reveals early adopters’ ongoing religion in Ethereum’s long-term worth and potential. These actions also can improve market provide. The wallets tied to Ethereum’s genesis and pre-mining phases are uncommon and carefully adopted by the crypto neighborhood as indicators of whale exercise and shifts in sentiment.
The reactivation of a decade-old pockets illustrates the maturation of the Ethereum ecosystem. Early buyers who held via a number of bear markets and unstable cycles at the moment are transferring property, probably for profit-taking, diversification, or new funding methods.
Diverging Expert Opinions on Ethereum’s Future
Prominent analysts stay divided about Ethereum’s future. Tom Lee, Chairman of BitMine, communicated sturdy bullish sentiment, evaluating Ethereum to Bitcoin’s previous supercycles. In a latest assertion, Lee identified that Bitcoin endured six declines of over 50% and three of over 75% previously 8.5 years, but rose 100-fold by 2025.
Lee emphasised that navigating volatility and uncertainty is required to revenue from supercycles. He argued that Ethereum is now following an identical trajectory, urging buyers to carry via turbulence for the potential of exponential positive factors.
Conversely, analyst Ali Martinez provided a cautious view, suggesting ETH might drop to $1,800. His outlook displays issues about ETF outflows, threat relative to Bitcoin, and broader market challenges. The disagreement amongst consultants highlights ongoing uncertainty about Ethereum’s near-term strikes.
The pressure between long-term optimism and short-term warning displays present sentiment towards Ethereum. Institutional buyers present hesitation, however on-chain actions by early contributors and energetic buying and selling counsel a posh surroundings. The subsequent few weeks could decide if ETH can keep its assist above $3,100 or if additional declines will check decrease ranges.
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