Featured News Headlines
Ethereum Holds $3,100 Support as Experts Split on Future Price Action
Ethereum reclaimed the $3,100 level on Monday after briefly slipping below it for more than four hours, as renewed activity from a decade-old wallet and significant liquidations by prominent market figures fueled fresh volatility across the ecosystem.
ETH Holds Key Support After Sharp Intraday Dip
Ether dipped to $3,066 on November 16 at 9:36 PM UTC, marking its first move below $3,100 since early November 2025 and reflecting broader weakness across digital assets. The pullback also reinforced the perception among traders that ETH currently carries higher risk than Bitcoin.
One trader wrote on X that it was becoming “difficult to see a different outcome” for ETH, adding that they had closed their long position and would not re-enter. Still, Ethereum quickly reclaimed the $3,100 mark—an early sign of resilience as investors watch ETF flows closely for clues about whether selling pressure will persist or reverse.
Data from Coinalyze shows the ETH Long-Short Ratio holding above 3.0, indicating heightened trader engagement. Rising Open Interest further reflects sustained participation, though elevated ratios also introduce risks of short-term turbulence.
Arthur Hayes Offloads Over $4M in Crypto Assets
Market volatility surged as BitMEX co-founder Arthur Hayes carried out a substantial series of crypto liquidations totaling approximately $4.1 million. On Sunday, Lookonchain reported that Hayes sold 520 ETH valued at $1.66 million, 2.62 million ENA worth $733,000, and 132,730 ETHFI valued at $124,000. Just hours later, he intensified the sell-off by offloading an additional 260 ETH ($820,000), 2.4 million ENA ($651,000), 640,000 LDO ($480,000), 1,630 AAVE ($289,000), and 28,670 UNI ($209,000), highlighting a notable move by a prominent market player.
These assets were moved to institutional trading desks like Flowdesk, FalconX, and Cumberland, often used for high-volume liquidations. The sales coincided with Ethereum’s retreat to $3,100 and Bitcoin’s slide to $94,000, suggesting a defensive or profit-taking stance during market uncertainty.
Decade-Old Ethereum Wallet Reawakens
Adding to the intrigue, a dormant Ethereum ICO wallet moved 200 ETH worth $626,000 after more than 10 years of inactivity. The wallet originally received 1,000 ETH during Ethereum’s genesis for just $310, now representing a staggering 10,097x return.
Such activity is rare and closely watched, signaling early adopters’ continued interest in Ethereum’s long-term prospects while potentially increasing circulating supply.
Analysts Split on Ethereum’s Path Forward
Market experts remain divided. Tom Lee, Chairman of BitMine, expressed strong long-term optimism, comparing Ethereum’s trajectory to Bitcoin’s historical supercycles. He noted that despite multiple major drawdowns, Bitcoin rose 100x over 8.5 years—arguing that similar patience may be required for ETH.
On the opposite end, analyst Ali Martinez warned ETH could fall to $1,800, citing concerns over ETF outflows and ETH’s higher relative risk profile.
With long-term conviction clashing against short-term caution, Ethereum faces a pivotal moment as traders watch whether $3,100 can hold—or whether deeper declines will test lower levels.
