Ethereum Price Slides to $3,030 as ETF Outflows and Whale Deleveraging Dominate November
The post Ethereum Price Slides to $3,030 as ETF Outflows and Whale Deleveraging Dominate November appeared on BitcoinEthereumNews.com.
Key Notes Ethereum is set to close November with a steep 21% monthly loss after $1.28B in US ETF outflows and early-month whale selling. Derivatives markets flipped bullish late in the month, with whales deploying over $700M in long positions at the $2,960 support cluster. December outlook hinges on the $3,100 resistance, where $1.3B in shorts are positioned; a squeeze at that level could propel ETH toward $3,500. Ethereum price hurtled toward the $3,030 level on Sunday, Nov. 28, setting the asset on course to close the month with 21.4% losses. Heavy whale sell-offs in the first half of the month inflicted the most damage, as broader crypto markets reacted to the US government shutdown and political pressure facing the crypto-friendly Trump administration. Ethereum ETF Flows Nov 2025 | Source: FarsideInvestors US-listed Ethereum ETFs recorded $1.284 billion in outflows during an eight-day selling wave from Nov. 11 to Nov. 20. Although ETF issuers returned to net inflows in the final week, the late inflows were insufficient to offset earlier drawdowns. Farside Investors data shows Ethereum ETFs logged $368 million in inflows last week, marking a clean sweep of daily positives but failing to reverse the monthly deficit, which amounted to $1.4 billion in withdrawals for the month. Tom Lee-led Bitmine, the largest Ethereum treasury holder, also aligned with the ETFs’ late-month accumulation trend. Bitmine added 14,618 ETH, worth about $185 million, during the final week of November, reinforcing the long-term commitment from US corporate investors as recent geopolitical tensions fade. Derivatives Positioning Turns Bullish as Whales Deploy $700M Longs at $2,960 Support Despite the renewed demand from whales failing to overturn Ethereum’s 21% monthly loss, derivatives market trends indicate that large investors have done enough to shift sentiment toward a constructive outlook for December. Ethereum Liquidation Map, Nov 30, 2025…
Filed under: News - @ November 30, 2025 5:21 pm