TLDR
- Ethereum is trading at $2,967.76, down 23.4% over the past month, breaking below the $3,000 support level
- The price sits approximately 8% above the Accumulation Addresses Realized Price, a key metric tracking long-term investor cost basis
- Long-term holders added 17 million ETH coins in 2025, increasing their total balance from 10 million to over 27 million coins
- Technical analysis shows ETH maintaining position above the 200-week moving average but facing resistance at the 50-week moving average
- The price dropped to a recent low of $2,955 before showing minor recovery signs
Ethereum has dropped below the $3,000 mark as selling pressure continues across cryptocurrency markets. The second-largest cryptocurrency by market value is currently trading at $2,967.76.
The price represents a 23.4% decline over the past month. Ethereum fell below $3,000 after failing to hold support at $3,150. The asset reached a recent low of $2,955 before attempting a small recovery.
Long-Term Holders Increase Positions
On-chain data from CryptoQuant reveals that Ethereum is trading about 8% above the Accumulation Addresses Realized Price. This metric tracks the average cost basis of long-term investors who bought the cryptocurrency during previous market cycles.
CryptoQuant analyst Burak Kesmeci noted that this investor group typically purchases during periods of market stress. The analysis shows these holders have remained active despite current price weakness.
In 2025, approximately 17 million ETH coins moved into accumulation addresses. This activity increased the total balance held by these wallets from 10 million to over 27 million coins. The accumulation continued throughout recent market volatility.
Historical data shows Ethereum has only fallen below the Accumulation Addresses Realized Price once in recent history. This occurred in April when global markets faced heightened uncertainty. The Global Economic Policy Uncertainty Index reached levels that exceeded those recorded during the COVID-19 pandemic peak.
Technical Levels Under Watch
The 50-week moving average is currently acting as resistance above the present price. A move above this level could signal a shift in momentum. The price is trading below the 100-hourly Simple Moving Average.
No changes.
Chart is bullish.
5 year consolidation breakout is coming. pic.twitter.com/Z7R52qooU7
— StockTrader_Max (@StockTrader_Max) November 17, 2025
Ethereum is maintaining its position above the 200-week moving average. This level has historically marked price bottoms in previous cycles. The price briefly dropped below this zone last week before recovering.
Technical indicators show mixed signals. The hourly MACD is gaining momentum in bearish territory. The hourly RSI has fallen below the 50 zone. A bearish trend line is forming with resistance at $3,150 on the hourly chart.
If Ethereum clears the $3,150 resistance level, the next barriers sit at $3,260 and $3,350. The 50% Fibonacci retracement level of the recent decline from $3,562 to $2,955 is located near $3,260.
On the downside, initial support is near $2,950. The first major support zone is located at $2,880. A break below $2,880 could push the price toward $2,750. Further losses might send Ethereum toward the $2,680 region.
The current price action resembles previous correction phases. Market analysts note that the convergence of technical indicators and on-chain metrics is drawing attention from long-term holders and institutional participants. The price recently tested long-term support levels similar to the April 2025 decline.
