Ethereum Price Crashes to $3,000 Amid Market Shakeout, Analysts Warn of Volatility Ahead

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Well, that was fast. Ethereum‘s price has nosedived below the all-important $3,000 mark, as the cryptocurrency market takes yet another rollercoaster plunge. It’s like watching a billionaire’s yacht sink, but, you know, with more blockchain and fewer deck chairs.

Currently, ETH is trading at around $3,067, which is a 23% drop over the past month. That’s not exactly a gentle dip, is it? In fact, it’s one of the steepest corrections of 2025. Ouch.

Long-Term Holders Are Sticking It Out, But the Pressure Is On

But hold your horses, folks. Not everyone is jumping ship just yet. Despite the sharp drop, long-term Ethereum holders are digging in their heels. According to CryptoQuant, Ethereum is trading about 8% above the Accumulation Addresses Realized Price-fancy words that basically mean the seasoned investors are still holding strong, and maybe even adding more to their bags. In 2025 alone, they’ve added 17 million ETH to their collective stash, going from 10 million to over 27 million coins. These folks must have nerves of steel-or perhaps they’re just in denial.

But don’t get too comfortable just yet. The selling pressure across exchanges is… well, let’s just say it’s a tad intense. Over 164,000 traders have been liquidated in the last 24 hours, with total liquidations nearing a mind-boggling $900 million. That’s a lot of panic sales. A lot.

Ethereum’s price is also flirting with a major liquidation zone between $2,900 and $3,000. This, naturally, only amplifies the market’s volatility. Oh, and there’s also been a surge in outflows from Ethereum ETFs-over $728 million pulled in just a week. Could it be that sentiment is starting to sour? Nah, no way… or maybe.

And just when you thought it couldn’t get worse, high-profile crypto figure Arthur Hayes reportedly sold off 1,480 ETH. Was it a strategic move, or was he just fleeing the sinking ship? Speculation is rampant, as you can imagine.

Ethereum’s Technical Levels: Warning Signs Everywhere

If you’re looking for some technical hope, you’re not going to find much here. Ethereum’s price structure is looking shaky at best. It’s currently trading below the 100-hourly Simple Moving Average (SMA), and can’t seem to get above the 50-week moving average, which now acts as resistance. It’s like trying to climb a greased pole at a carnival-unpleasant, frustrating, and ultimately futile.

A bearish trend line has formed just under $3,150, with additional hurdles waiting at $3,260 and $3,350. So, not much room to breathe on the upside. As for the downside, immediate support is at $2,950, but if that doesn’t hold, expect a freefall toward $2,880. And if that breaks, well, things could get really ugly, with analysts predicting potential dives toward $2,750 or even $2,680. A real market contagion could be just around the corner-get your popcorn ready.

Could Ethereum Still Recover? Unlikely… But Maybe?

Despite the doom and gloom, a few analysts are still optimistic. Tom Lee from Fundstrat says ETH might be bottoming out and could stage a rally toward $7,000 within the next 45 days. He’s banking on the upcoming Fusaka network upgrade, stablecoin mania, and an influx of institutional interest. Well, I suppose miracles do happen-just don’t hold your breath.

For now, Ethereum’s price is stuck in limbo, caught between strong long-term accumulation and escalating short-term selling pressure. Will the bulls manage to reclaim the $3,150 resistance? Or will the bears drag ETH down to new lows? The answer probably lies in the next big macroeconomic news or Bitcoin’s next big move. Stay tuned for the next episode of “As the Blockchain Turns.”

Cover image from ChatGPT, ETHUSD chart from Tradingview

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2025-11-19 02:14