Ethereum price plummeted below the key $3,000 level as the broader crypto market suffered a sharp selloff, sparking fresh uncertainty among traders.
ETH is currently trading around $3,067, down 23% in the past month, marking one of the sharpest corrections of 2025.
Long-term holders will increase, but pressure will increase
Despite the sharp correction, on-chain data shows that long-term Ethereum holders have doubled. According to CryptoQuant, Ethereum is trading around 8% above its cumulative address realized price, an indicator that tracks the cost base of experienced holders.
These investors added 17 million ETH in 2025, increasing their total coin holdings from 10 million to more than 27 million, suggesting deep conviction despite market volatility.
However, selling pressure across exchanges remains strong. More than 164,000 traders were liquidated in 24 hours, bringing the total amount liquidated to nearly $900 million.
Ethereum price also entered a major liquidation zone between $2,900 and $3,000, amplifying volatility. Outflows from Ethereum ETFs also skyrocketed, with more than $728 million outflows in one week, further deteriorating sentiment.
Adding to market anxiety, prominent crypto tycoon Arthur Hayes reportedly offloaded 1,480 ETH, sparking speculation that influential traders were bracing for further declines.
ETH's price trends to the downside on the daily chart. Source: ETHUSD on Tradingview
Ethereum price technical level issues warning
From a technical perspective, Ethereum’s price structure remains fragile. The asset is trading below its 100-hour SMA and is struggling to regain its 50-week moving average, which is currently acting as resistance. A bearish trend line has formed around $3,150, with additional hurdles at $3,260 and $3,350.
On the downside, immediate support lies at $2,950, followed by a stronger downside at $2,880. A break below this area could pave the way for $2,750 or even $2,680 levels, with analysts warning that this could trigger broader market ramifications.
Is there still a possibility of recovery?
Even amidst the turmoil, some analysts are optimistic. Tom Lee of Fundstrat argues that ETH may have bottomed out, predicting that it could rise towards $7,000 within 45 days due to upcoming Fusaka network upgrades, booming stablecoin activity, and increased institutional investor interest.
For now, Ethereum price is caught between strong long-term accumulation and increasing short-term selling pressure. Whether the bulls reclaim the $3,150 resistance or the bears push ETH towards new lows will likely depend on macroeconomic data and Bitcoin’s next big move.
Cover image from ChatGPT, ETHUSD chart from Tradingview
editing process for is focused on providing thoroughly researched, accurate, and unbiased content. We adhere to strict sourcing standards, and each page is carefully reviewed by our team of top technology experts and experienced editors. This process ensures the integrity, relevance, and value of your content to your readers.
