Ethereum survives $3,100 collapse after $4M Hayes sale and whale wake


Ethereum regained the $3,100 price level after a short fall for more than four hours on Monday morning. The recovery came amid increased activity from a decades-long portfolio and significant divestments from prominent market figures.

The recent volatility highlights two contradictory market forces: the reconsolidation of long holders and players reducing exposure.

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ETH coin price and market trends

Ether fell below $3,100 for the first time since November 4, 2025, trading at $3,066 at 21:36 UTC on November 16, down 3.4% in 24 hours. This decline reflects broader weakness in digital assets and a view that ETH carries a higher risk than… Bitcoin.

A trader in X said what is “It’s always harder to see a different result $ETH currently. I had to stop the long trade (in ETH) in the afternoon. “I won’t try again.”

ETH prices for 90 days. Source: BeInCrypto

Despite the temporary drop, Ethereum recovered above $3,100 within hours, showing remarkable resilience. Market participants are carefully monitoring ETF flows for signs of continued selling or a reversal, as the tone of ETH’s trend around it could set the tone. Main support.

according to Coinalyze dataThe Long-Short ratio for ETH is more than 3.0, which indicates a strong participation of traders. Recent highs indicate periods of increased activity, while increasing open interest reflects increasing participation and the potential for a continued trend. However, high ratios also indicate short-term volatility risks.

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Arthur Hayes is liquidating his cryptocurrency holdings

The co-founder of BitMEX, Arthur Hess, started a series of major cryptocurrency sales worth about $4.1 million. I mentioned the on-chain analytics platform Lookonchain Hesse sold 520 ETH, worth $1.66 million, 2.62 million ENA, worth $733,000, and 132,730 ETHFI, worth $124,000, on Sunday.

Screenshot of Arthur Hayes crypto transaction
Arthur Hayes’ on-chain transaction activity – LowConchain

Another post to say Loconchines Hayes extended the liquidation: he sold another 260 ETH worth $820,000, 2.4 million ENA worth $651,000, 640,000 LDO worth $480,000, 1,630 AAVE worth $289,000 and 28,670 UNI worth $ 28,670. These assets were sent to the offices of companies – including Flowdesk, FalconX and Cumberland – which typically manage High volume filtration.

Arthur Hayes additional transaction screenshot
Continue the sale of assets of Arthur Hayes-LeConchain

These sales occurred while the price of Ethereum fell to $3,100 andBitcoin fell to $94,000. Hayes’ actions may reflect a defensive approach to rebalance or take profits during volatility, adding selling pressure on ETH and related assets.

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A dormant Ethereum wallet returns to life after a decade

He said Loconchines In a rare move, a dormant Ethereum ICO wallet transferred 200 ETH worth $626,000 after more than 10 years. The wallet received 1,000 ETH during Ethereum’s inception for an investment of $310 – now a 10,097x return at current prices.

Ethereum ICO wallet transaction screenshot
Ethereum ICO Wallet Waking Up After 10 Years – LowCounchain

These activities are important because they demonstrate the continued belief of early adopters in the value and long-term potential of Ethereum. These moves can also increase supply in the market. Wallets associated with the early Ethereum and pre-mining phase are rare and are followed by the cryptocurrency community as signals of whale activity and changes in public sentiment.

The reactivation of a decades-old wallet demonstrates the maturation of the Ethereum ecosystem. The first investors who held through several bear markets and volatile cycles are now moving assets, perhaps for profits, diversification, or new investment strategies.

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Experts have mixed opinions about the future of Ethereum

Major analysts remain divided on Ethereum’s future. Tom Lee, president of BitMine, expressed a strong sense of optimism, comparing Ethereum to … Previous Bitcoin Courses. Lee noted in a recent statement that Bitcoin has faced six declines of more than 50% and three of more than 75% in the past 8.5 years, but has risen 100 times by 2025.

Lee explained that dealing with volatility and uncertainty is necessary to take advantage of explosive cycles. He noted that Ethereum is now following a similar path, and urged investors to hold firm through the turmoil for potential exponential gains.

In contrast, analyst Ali Martinez offered a cautious view, suggesting that ETH could fall to $1,800. His outlook reflects concerns about ETF flows, risks to Bitcoin, and…Broader market challenges. The disagreement among experts highlights the ongoing uncertainty about Ethereum’s near-term moves.

The tensions between long-term optimism and short-term caution reflect the current sentiment towards Ethereum. Institutional investors are showing hesitation, but action on-chain from the first participants and active trading point to a complex environment. The next few weeks could determine if ETH can maintain its support above $3,100 or if further declines will test lower levels.



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