Ethereum Latest Update: Large Investors Acquire $1.37 Billion During Price Drop While Ethereum Challenges $3,300 Support Level

Ethereum experienced continued price weakness in late November 2025, finding it difficult to stay above the $3,500 mark as technical indicators and market sentiment sent mixed signals. On November 11, the cryptocurrency dropped 3.46% to $3,417.77, its steepest one-day loss since November 4, when it plunged 10.73%, according to a

. Over the last month, has declined by 11.44%, even though it remains up 2.18% for the year. The current price is now 31.03% below its all-time intraday peak of $4,955.23 set in August, based on the .

Technical experts have pointed to weakening

, as Ethereum approaches crucial support points. The $3,300 level has become a major focus, with sellers possibly aiming for the $3,150–$3,200 range if this support is breached, according to a . Should the price fall below $3,360—a significant support area—it could slide further to $3,290 and then $3,220, as highlighted in a . The market has also seen heightened intraday swings, with a 6% fluctuation in the past day, as detailed in a .

Blockchain data points to a split in market activity.

As Ethereum's value slipped 3.3% to $3,331 on November 6, major investors bought up 394,682 ETH—worth $1.37 billion—during the downturn, according to a . This buying, which occurred between $3,247 and $3,515, indicates that institutional players may see the dip as a buying opportunity. Still, Ethereum was unable to reclaim the $3,350 resistance before the analysis period ended, intensifying bearish sentiment, as mentioned in the .

The market outlook remains shaky, with Ethereum trading below its 100-hour simple moving average and key exponential moving averages. The daily RSI stands at 42.98, reflecting mild bearish pressure, while the MACD also signals a slight bearish trend, according to a

. Volume analysis shows that institutional selling was significant, with breakdown volume surpassing the 24-hour average by 138%, as reported by a . Meanwhile, the CoinDesk Index 5 (CD5) rose to $1,843 during turbulent trading, but sellers returned near resistance, according to the .

Although short-term weakness persists, some analysts maintain a cautious optimism. Ethereum's network recently achieved a record throughput of 24,192 transactions per second, and on-chain whale activity hints at a possible reversal in the near future, as noted in a

. Traders are closely watching whether Ethereum can hold above the $3,247 support area. If the price climbs past $3,480, it could start to offset the bearish trend and potentially pave the way for a challenge of the $3,650 resistance, as stated in the .