Ethereum

Major

Fusaka

Spot

<h3 class="wp-block-heading" id="h-key-insights"><strong>Key Insights:</strong></h3>
<ul>
 <li>Ethereum price in focus as Spot ETH ETF saw around $1.4B in net outflows as institutional investors redeemed shares.</li>
 <li>Long-term ETH holders sold at their fastest pace since 2021 while whales bought over $1B in Ether.</li>
 <li>Ethereum shifted from the May 2025 Pectra rally toward the December 2025 Fusaka upgrade milestone.</li>
</ul>
<p>Over the past week, the Ethereum Price came under pressure as ETH markets digested heavy selling and declining demand.</p>
<p>The US Spot Ethereum ETF recorded outflows, long-term holders realized gains, and chart signals pointed to a weaker trend.</p>
<h2 class="wp-block-heading" id="h-ethereum-prices-faces-pressure-amid-etf-outflows"><strong>Ethereum Prices Faces Pressure Amid ETF Outflows</strong></h2>
<p>In recent weeks, the <a href="https://www.thecoinrepublic.com/price-prediction/ethereum/" rel="noopener noreferrer nofollow">ETH Price</a> recorded a weekly loss of about 11% as sellers stayed in control. The token lagged both the dollar and Bitcoin, according to spot market performance.</p>
<p>The Ethereum price was below its 7-day and 30-day moving averages at the time of writing. These moving averages tracked the average closing price over a fixed period and helped smooth daily swings.</p>
<p>Shorter trend averages often reacted first when momentum shifted in either direction. When the ETH price stayed under both levels, many traders read that as confirmation of a bearish phase.</p>
<p>Some desks also monitored volume to judge whether the selling trend looked strong or began to fade.</p>
<p>Meanwhile, the US Spot Ethereum ETF saw around $1.4 billion in net outflows over recent weeks, according to 10X Research <a href="https://x.com/10x_Research/status/1989843433377468568" target="_blank" rel="noopener noreferrer nofollow">report</a>. These vehicles let institutional investors gain exposure to ETH through traditional brokerage accounts rather than holding tokens directly.</p>
<p>When redemptions rose, issuers had to sell underlying holdings, which added further supply to the market.</p>
<p>On-chain data showed that long-term wallets holding ETH for three to ten years increased their selling activity. This group sold at the fastest pace since 2021, a period marked by sharp token swings.</p>
<p>Ethereum ETF redemptions and long-term selling together created a strong stream of ETH supply. That supply limited the impact of short rebounds and kept trend signals tilted to the downside.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full">
  <img loading="lazy" width="402" height="512" src="https://www.thecoinrepublic.com/wp-content/uploads/2025/11/image-637.png" alt="Ethereum Price Analysis | Source: 10X Research, X">
  <figcaption>
   Ethereum Price Analysis | Source: 10X Research, X
  </figcaption>
 </figure>
</div>
<h2 class="wp-block-heading" id="h-ethereum-price-response-to-liquidity-zones-amp-whales-activity"><strong>Ethereum Price Response to Liquidity Zones &amp; Whales Activity</strong></h2>
<p>While long-term holders sold, large wallets known as whales accumulated ETH during the recent decline. Research from 10x Research suggested that these addresses bought hundreds of thousands of tokens, worth over $1 billion.</p>
<p>However, whale demand did not offset the Ethereum ETF outflows fully, but it created meaningful two-sided activity in the market. This tug of war gave analysts a <a href="https://www.thecoinrepublic.com/2025/11/15/can-ethereum-price-hold-3200-as-binance-and-blackrock-sell/" rel="noopener noreferrer nofollow">different lens</a> on the Ethereum price than basic trend averages.</p>
<p>Chart analyst CapoLittle outlined several high-timeframe liquidity zones on the ETH price chart. A liquidity zone is described as an area with many resting orders and stops, where the price often moves quickly.</p>
<p>Meanwhile, high leverage is often clustered around those areas because traders placed tight stops near well-known levels.</p>
<p>When the ETH price moved quickly through a zone, liquidations could accelerate the move before conditions settled again.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full">
  <img loading="lazy" width="488" height="314" src="https://www.thecoinrepublic.com/wp-content/uploads/2025/11/image-636.png" alt="Ethereum Price Action | Source: capo little, X">
  <figcaption>
   Ethereum Price Action | Source: capo little, X
  </figcaption>
 </figure>
</div>
<p>According to the chart, ETH often dipped below support, swept liquidity, and then rebounded toward mid-range resistance. Many of those moves lined up with a rising trend line that linked major lows from prior cycles.</p>
<p>The latest decline carried Ethereum price back into a cluster of liquidity zones near that long-term trend line.</p>
<p>Traders watched whether the ETH price would hold that region or slide toward support levels from earlier cycles.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full">
  <img loading="lazy" width="494" height="387" src="https://www.thecoinrepublic.com/wp-content/uploads/2025/11/image-635.png" alt="Ethereum Price Prediction | Source: Cas Abbe, X">
  <figcaption>
   Ethereum Price Prediction | Source: Cas Abbe, X
  </figcaption>
 </figure>
</div>
<h2 class="wp-block-heading" id="h-fusaka-upgrade-and-the-next-phase-for-eth-price"><strong>Fusaka Upgrade and the Next Phase for ETH Price</strong></h2>
<p>Beyond immediate flows, the Ethereum network moved toward the Fusaka upgrade set for December 3, 2025.</p>
<p>Developers described Fusaka as one of the most important milestones on the roadmap in several years.</p>
<p>Major upgrades usually adjusted how the network handled transactions, data storage, or staking incentives. Investors often reviewed those technical plans alongside regulatory and macro conditions when they evaluated long-term ETH price exposure.</p>
<p>It’s worth noting that the Pectra upgrade in May 2025 was followed by a rally of around 53% in the Ethereum price. Although it doesn’t guarantee to repeat, it showed how major code changes could align with market cycles and influence the sentiment.</p>
<p>Meanwhile, ETH price pulled back followed the robust rally and then tried to base above its long-term trend line.</p>
<p>Analysts said that price action around large upgrades often indicated whether long-term holders stayed confident or reduced exposure.</p>
<p>With Fusaka approaching, many desks treated the Ethereum price as a reflection of on-chain flows and upgrade expectations. Ethereum ETF outflows, whale accumulation, and selling from veteran wallets all fed into that chart as the network moved toward December.</p>
<p>The post <a href="https://www.thecoinrepublic.com/2025/11/17/ethereum-price-whales-step-in-amid-heavy-etf-outflow-whats-next/" rel="noopener noreferrer nofollow">Ethereum Price: Whales Step In Amid Heavy ETF Outflow, What’s Next?</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.</p>

Ethereum Price: Whales Step In Amid Heavy ETF Outflow, What’s Next?

Table of Contents

Thecoinrepublic.com

Other articles published on Nov 17, 2025

Join our free newsletter for daily crypto updates!