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Ethereum bulls wrestled back control above $3,100, shaking off an early Monday dip that lasted a tense four hours. Fueling the resurgence: a flurry of activity from a dormant, decade-old crypto wallet and a wave of high-profile liquidations that rippled through the market.
The recent volatility underscores two contrasting market forces: long-term holders reemerging and influential players trimming exposure.
ETH Price Action and Market Sentiment
Ether’s bull run hit a speed bump, skidding below $3,100 for the first time since early November 2025. At 9:36 PM UTC on November 16th, the crypto bellwether traded at $3,066, a 3.4% dip in just 24 hours. The culprit? A chilly wind blowing through the broader digital asset market, coupled with investors seemingly favoring Bitcoin’s perceived safety over Ether’s bolder, riskier profile.
“ETH bulls throwing in the towel? One trader just liquidated their long position, tweeting: ‘The writing’s on the wall for $ETH. Chopped my long this afternoon and I’m officially out. Not touching it again.'”
90 days ETH Price. Source: BeInCrypto
Ethereum shook off a fleeting dip, rebounding above $3,100 with remarkable speed – a testament to its underlying strength. Now, all eyes are glued to ETF flows. Will they signal renewed selling pressure, or a bullish reversal? The answer could determine whether Ethereum holds firm at this crucial support level or breaks under the strain.
ETH Bulls Stampede? Long-Short Ratio Soars Past 3.0!
Coinalyze data screams: ETH traders are all in. A Long-Short Ratio eclipsing 3.0 reveals a frenzy of bullish bets. Recent peaks in the ratio chart pinpoint moments when the market went absolutely wild. Open Interest is surging alongside, adding fuel to the fire and hinting at a sustained upward trajectory. But hold on tight! Those same ratio spikes also whisper of impending volatility – a wild ride ahead for ETH.
Arthur Hayes Liquidates Crypto Holdings
Whale alert! BitMEX’s Arthur Hayes just made a splash, dumping roughly $4.1 million worth of crypto on Sunday. Lookonchain spotted the massive sell-off: 520 ETH ($1.66M), 2.62M ENA ($733K), and 132,730 ETHFI ($124K) all hit the market. Is Hayes cashing out, rebalancing his portfolio, or something else entirely? The crypto-sphere is buzzing with speculation.
Arthur Hayes’ on-chain transaction activity – Lookonchain
The digital axe swung again. Hours after the initial cut, Hayes deepened the carnage, unleashing a torrent of crypto onto the market. Lookonchain reported the fire sale: 260 ETH ($820,000), a staggering 2.4 million ENA ($651,000), 640,000 LDO ($480,000), 1,630 AAVE ($289,000), and 28,670 UNI ($209,000) all changed hands. The destination? Institutional desks like Flowdesk, FalconX, and Cumberland, the silent behemoths that absorb the impact of high-volume liquidations.
Arthur Hayes’ continued asset sales – Lookonchain
Ethereum dipped to $3,100, Bitcoin stumbled to $64,000, and amidst the crypto market’s wobble, Arthur Hayes was spotted making moves. Was it a strategic parry against the downturn, or simply locking in profits? Whatever the motive, Hayes’s actions likely added fuel to the fire, further pressuring ETH and its digital brethren.
Dormant Ethereum Wallet Reawakens After a Decade
A crypto Lazarus has stirred. A decade-dormant Ethereum ICO wallet, untouched since the platform’s genesis, suddenly sprang to life, transferring 200 ETH. The haul? A cool $626,000. Back in the day, this wallet received 1,000 ETH for a mere $310 investment. Fast forward to today, that’s a staggering 10,097x return. Talk about a long game paying off!
Ethereum ICO wallet awakens after 10 years – Lookonchain
Ethereum’s O.G. whales are stirring. Dormant wallets, relics from the genesis and pre-mine era, are suddenly active, signaling enduring confidence from crypto’s earliest believers. This faith injection, however, could also loosen the market’s Ethereum supply. Keep a close watch: these legendary wallets are more than just transactions; they’re potential market movers whose actions the entire crypto-verse keenly observes.
A sleeping giant awakens: a decade-old Ethereum wallet stirs. This isn’t just any transaction; it’s a signal. Early believers, hardened by crypto winters and wild market swings, are finally making their move. Are they cashing in hard-earned gains, diversifying their portfolios, or deploying cunning new strategies? This activity marks Ethereum’s evolution from a wild frontier to a landscape of seasoned players and sophisticated maneuvers.
Diverging Expert Opinions on Ethereum’s Future
Ethereum’s fate remains a hot topic, sparking fierce debate among market gurus. Tom Lee, BitMine’s Chairman, throws fuel on the bullish fire, envisioning Ethereum mirroring Bitcoin’s legendary ascents. Lee highlights Bitcoin’s resilience: weathering six major crashes exceeding 50% and three terrifying plunges over 75% in the last 8.5 years, only to skyrocket a staggering 100x by 2025. Could Ethereum be poised for a similar, meteoric rise?
Lee believes weathering the storm is the key to unlocking supercycle riches. He sees Ethereum mirroring this pattern, advising investors to brace themselves, because beyond the choppy waters lie potentially explosive returns.
$1,800 looks like a great spot to buy Ethereum $ETH! pic.twitter.com/sDZiga5XQy
Ali (@ali_charts) November 16, 2025
But wait, analyst Ali Martinez throws a wrench into the bullish party, warning ETH could plummet to $1,800. Is it ETF exodus jitters? Perhaps ETH’s overshadowed status next to Bitcoin? Or just the choppy waters of the broader market? Whatever the reason, Martinez’s counter-narrative underscores one glaring truth: Ethereum’s next act is anything but certain. The experts are divided, and the only thing guaranteed is a bumpy ride.
Ethereum’s price teeters on a knife’s edge, caught between the siren song of long-term believers and the wary whispers of short-term doubters. While institutional wallets remain clenched, a peek under the hood reveals seasoned ETH veterans doubling down and traders lighting up the charts with frenetic activity. The burning question: Can ETH hold its ground above $3,100? The coming weeks will be a crucible, forging either a resilient rally or a plunge into deeper waters.
Thanks for reading Ethereum Survives $3100 Breakdown After Hayes’ $4M Sell-Off and Whale Awakening
