ETH long-term holders dump 45K Ether per day: Is a price drop to $2.5K next? Vietnam News
on November 14, 2025
Long-term holders are offloading
Ether long-term holders, entities holding ETH (ETH) for more than 155 days, have intensified their sell-side activity as the price dropped below key support levels.
Analyzing ETH spent volume by age, using a 90-day moving average, Glassnode analysts said that 45,000 ETH, worth about $140 million, is leaving 3–10 year holder wallets daily.
“This marks the highest spending level by seasoned investors since February 2021.”
Ethereum spent volume by age. Source: Glassnode
This aligns with a surge in spot Ethereum exchange-traded funds (ETF) outflows, which further suppresses ETH price. These investment products recorded $259 million in net outflows on Thursday, marking their worst day since Oct. 10, according to data from SoSoValue.
A cumulative net outflow of $1.42 billion from Ethereum ETFs since early November signals strong institutional selling pressure, fueling fears of a deeper correction.
Ethereum onchain data signals waning demand
Onchain activity over the last seven days paints a worrying picture. While Ethereum continues to lead its competitors, securing roughly 56% of the market’s total value locked (TVL), this metric has dropped by 21% over the last 30 days, according to DefiLlama.
Even more concerning is the decline in network fees, reflecting waning demand for blockspace, which reinforces Ether’s price weakness around $3,000.
Top blockchains ranked by 30-day fees, USD. Source: Nansen
Ethereum’s fees over the past 30 days dropped to $27.54 million on Friday, representing a 42% decrease. Similarly, Solana’s fees declined just 9.8% while BNB Chain revenue dropped by 45%, reinforcing the bearishness in the market.
Many analysts warn that the current downtrend could accelerate unless a clear bullish shift occurs, possibly adding pressure on day traders and small holders.
“Ethereum loses the 50-week EMA, a key macro support,” said analyst Bitcoinsensus in a Friday X post, referring to the $3,350 level.
Past breakdowns triggered major downside moves, with the last one resulting in a 60% drop to $1,380 from $3,400 between late January and early April.
Bitcoinsensus added:
“Trend remains bearish unless price reclaims this level fast.”
Ether’s price action in the daily time frame has validated a bear flag once it broke below $3,450, coinciding with the 200-day SMA and the lower boundary of a bear flag.
The next major support sits at the $3,000 psychological level, which bulls must defend aggressively.
Losing this level would clear the way for a fresh downward leg toward the measured target of the pattern at $2,280, or a 23% drop from the current level.
As Cointelegraph reported, $3,000 remains a key support zone for the ETH/USD pair, and holding it is crucial to avoiding further losses.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
