Ethereum

Rally

HODL

Green

<h3 class="wp-block-heading" id="h-key-insights"><strong>Key Insights:</strong></h3>
<ul>
 <li>Ethereum price trades close to $3,337 as whales add nearly $582 million in ETH.</li>
 <li>Long-term holders’ net position stays negative, showing more coins are being sold than added.</li>
 <li>OBV and holder data suggest ETH needs stronger buying before any real rally begins.</li>
</ul>
<p>Ethereum price has moved little, even after big wallets bought millions worth of ETH this week. Whales are clearly interested, but the market isn’t reacting yet.</p>
<p>The reason is simple: other groups are still selling. Both short-term and long-term holders have reduced their holdings.</p>
<p>Until that changes and the main buying signal turns positive again, the Ethereum price could stay stuck near its current level.</p>
<h2 class="wp-block-heading" id="h-ethereum-whales-are-buying-but-long-term-holders-sell"><strong>Ethereum Whales Are Buying, but Long-Term Holders Sell</strong></h2>
<p><a href="https://www.thecoinrepublic.com/price-prediction/ethereum/" rel="noopener noreferrer nofollow">ETH price</a> trades close to $3,337, holding steady but weak. Whales have added nearly $582 million in ETH over the past two days, which normally pushes prices up.</p>
<p>Data from Lookonchain reveals that the whale buyers are mostly institutions, including <a href="https://www.thecoinrepublic.com/2025/11/01/can-ethereum-eth-price-hit-5k-as-bitmine-bets-another-29m-in-eth/" rel="noopener noreferrer nofollow">Bitmine</a>. But this time, long-term holders are selling more than they’re buying.</p>
<p>The holder net position change, which shows if old wallets are adding or reducing their Ethereum, is still negative. It fell from -56,223 ETH to -60,606 ETH in one day.</p>
<p>That means more coins are moving out of long-term wallets than going in.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full">
  <img loading="lazy" width="940" height="429" src="https://www.thecoinrepublic.com/wp-content/uploads/2025/11/image-431.png" alt="Ethereum Price Slips Amid Selling Pressure | Source: Glassnode">
  <figcaption>
   Ethereum Price Slips Amid Selling Pressure | Source: Glassnode
  </figcaption>
 </figure>
</div>
<p>These holders <a href="https://studio.glassnode.com/dashboards/asset-overview?a=ETH&amp;referrer=home_assets_table" target="_blank" rel="noopener noreferrer nofollow">often sell</a> to secure profits after long runs. And when they sell into whale buying, it cancels out the demand.</p>
<p>That’s why the Ethereum price isn’t reacting much despite the activity. The market needs these long-term investors to start adding again for a real push upward.</p>
<h2 class="wp-block-heading" id="h-short-term-traders-are-also-stepping-away"><strong>Short-Term Traders Are Also Stepping Away</strong></h2>
<p>Short-term holders, wallets that keep ETH for a few weeks, are also cutting their exposure. A month ago, they held around 8.79% of the total Ethereum supply. Now it’s down to 7.2%.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full">
  <img loading="lazy" width="940" height="433" src="https://www.thecoinrepublic.com/wp-content/uploads/2025/11/image-432.png" alt="Short-Term Cohorts Are Dumping | Source: Glassnode">
  <figcaption>
   Short-Term Cohorts Are Dumping | Source: Glassnode
  </figcaption>
 </figure>
</div>
<p>The chart highlights the most important short-term cohort, the 1-month to 3-month group. The HODL waves metric reveals how aggressively they have been dumping.</p>
<p>This drop means fewer quick buyers are willing to hold through small dips. So even if whales are buying, the selling pressure from both long-term and short-term wallets keeps prices flat.</p>
<p>Ethereum needs wider support from holders again.</p>
<p>When short-term wallets start building positions, buying pressure spreads across the market instead of sitting in a few big wallets. For now, that hasn’t happened yet.</p>
<h2 class="wp-block-heading" id="h-ethereum-price-is-still-holding-but-barely"><strong>Ethereum Price Is Still Holding, but Barely</strong></h2>
<p>ETH price is hovering around its $3,337 support line. If that breaks, the next area to watch is near $3,049.</p>
<p>On the other side, Ethereum price must rise above $3,514 to show real strength and aim for the $3,910 zone.</p>
<p>The On-Balance Volume (OBV), which tracks whether more trading volume is buying or selling, has been dropping since September 25.</p>
<p>That shows less money is flowing into ETH trades. If OBV starts moving higher again, it would mean fresh buying pressure is finally returning.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full">
  <img loading="lazy" width="940" height="457" src="https://www.thecoinrepublic.com/wp-content/uploads/2025/11/image-433.png" alt="Ethereum Volume Looks Weak | Source: TradingView">
  <figcaption>
   Ethereum Volume Looks Weak | Source: TradingView
  </figcaption>
 </figure>
</div>
<p>Yet, if it breaks the descending trendline, the price structure could break down, exposing $3,000 and lower levels.</p>
<p>Until then, Ethereum may keep bouncing in this range. Some days stronger, some weaker — but still waiting for a clear turn.</p>
<p>Whales are buying, but the Ethereum price needs more support from regular holders. Until long-term sellers stop reducing and trading volume turns higher, ETH may stay quiet near $3,300.</p>
<p>The next rally will likely begin only when that key metric turns green.</p>
<p>The post <a href="https://www.thecoinrepublic.com/2025/11/12/ethereum-price-wont-rally-until-this-signal-turns-green-despite-whale-accumulation/" rel="noopener noreferrer nofollow">Ethereum Price Won’t Rally Until This Signal Turns Green Despite Whale Accumulation</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.</p>

Ethereum Price Won’t Rally Until This Signal Turns Green Despite Whale Accumulation

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