- Ethereum struggles below $3,400 as sellers tighten market control.
- Weak spot inflows and long liquidations signal fading bullish momentum.
- Institutional buyers emerge, but bearish pressure dominates short term outlook.
Ethereum’s price outlook for November 9 points toward continued bearish control as the asset trades near $3,255. The cryptocurrency recently lost the $3,400 support, signaling fading buying strength. According to market data, repeated rejections at the descending trendline have shifted momentum firmly in favor of sellers, with short term holders adding pressure through profit taking.
Price action shows Ethereum struggling below key moving averages. The 20 day and 50 day EMAs have turned into resistance, while the 100 day EMA at $3,732 and the 200 day EMA at $3,597 remain the last technical barriers before deeper losses. The Supertrend indicator also flipped bearish this week, hinting that the market may extend its correction until reaching the next strong demand zone. Analysts identify that zone between $3,080 and $3,150, where buyers previously showed resilience.
Also Read: Filecoin (FIL) Price Prediction 2025–2029: Will FIL Hit $5 Soon?
Spot and Derivatives Data Reinforce Bearish Outlook
According to CoinGlass, Ethereum registered $97.4 million in net spot outflows on November 8. The continuous exchange outflows suggest traders are offloading holdings instead of accumulating. This behavior often signals reduced confidence and preparation for more downside movement.
ETF flows, however, show mild institutional interest. Data from November 6 revealed $12.5 million in Ethereum ETF inflows, with BlackRock purchasing $8 million worth of ETH. While these inflows confirm that long term investors remain engaged, they are not large enough to offset selling pressure in the spot market.
Futures data adds to the cautious tone. Open interest fell 3.62 percent to $38.24 billion, while options interest declined by 4.25 percent. More long positions are being liquidated as traders unwind exposure, underscoring weaker conviction in an immediate rebound.
Ethereum Price Forecast
Ethereum’s short term outlook favors sellers unless price recovers above $3,400 on strong volume. A successful reclaim could open the door toward $3,900 and $4,200. However, sustained weakness below $3,150 may push the asset toward $3,080 or even $2,950.
For now, Ethereum’s technical signals, on-chain flows, and futures positioning indicate a cautious market where sellers hold the upper hand, while institutions accumulate quietly in the background.
Also Read: Kelp DAO Restaked ETH (rsETH) Price Prediction 2025–2029: Can rsETH Hit $12,000 Soon?
