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đš BINANCE MARKET ALERT: Ethereum (ETH) Price Tumbles, Whales Accumulate Amid Support Break đ
November 7, 2025 â The cryptocurrency market is experiencing a significant downturn today, with Ethereum (ETH) leading the decline. ETH's price has fallen sharply, breaking key technical support levels, although institutional players appear to be buying the dip $ETH
Market Highlights:
Current Price: Ethereum is currently trading around $3,321 - $3,328, down approximately 3% in the last 24 hours.
Key Support Breached: The price broke decisively below the psychological $3,400 support zone, a critical indicator of strong selling pressure.
Whale Activity: Despite the bearish technical setup, large investors ("whales") have been accumulating significant amounts of ETH (over $1.37 billion) within a price range of $3,247 to $3,515, signaling potential long-term confidence.
Broader Market Weakness: The entire crypto market continues to show weakness, potentially driven by macro concerns and ongoing outflows from spot Ethereum ETFs, which have seen five consecutive days of withdrawals.
Outlook:
Traders should exercise extreme caution. The breaking of major support levels suggests potential for further short-term downside momentum. However, the aggressive accumulation by large investors could provide a floor for the price. Further technical analysis will be required to identify the next potential support levels.
Stay informed and manage your risks effectively.