Ethereum Drops Over 10% in 24 Hours – Can $3,000 Hold the Selloff?
Ethereum continues to struggle under heavy market turbulence, with analysts warning that the asset may be only days — or even hours — away from losing the $3,000 threshold.
Key Takeaways:
- $3,150 support failed, putting $3,000 at risk.
- Ethereum ETFs saw major outflows yesterday.
- Over $309M in ETH liquidations in 24 hours.
- Bears remain in control unless $3,000 holds.
The latest decline comes after bulls failed to defend the critical $3,150 range, once considered one of the strongest support zones of the year.
2.53 million Ethereum $ETH were bought at $3,150, making it a key support zone! pic.twitter.com/Iso9ZnNvM0
— Ali (@ali_charts) November 14, 2025
Glassnode’s cost basis heat map shows that 2.53 million ETH were accumulated around $3,150, making that level a heavy concentration of short-term investor exposure. Now that price has slid decisively below this zone, concern is growing that a wave of forced selling and panic exits may follow as buyers who entered at $3,150 move deeper into unrealized losses.
ETF Outflows Hit Hard — Yesterday Was the Most Damaging
Institutional selling remains one of the dominant market drivers.
Ethereum ETFs have recorded consistent heavy redemptions across almost all issuers, including BlackRock, Fidelity, Bitwise, VanEck, and others. The most notable session was recorded on November 13, when cumulative withdrawals reached over $259 million, marking the most severe single-day outflow of the recent correction.
For a market that previously relied on ETF inflows to fuel upward momentum, the reversal into multi-day outflows signals weakening confidence among large investors — removing one of Ethereum’s strongest bullish catalysts.
Liquidations and Technical Indicators Strengthen the Bear Case
Derivatives markets reflect the same picture. In the past 24 hours:
- More than $309.49 million in leveraged ETH positions were liquidated
- Long positions accounted for $251.76 million of that total
With long traders being the most heavily impacted, the majority of forced selling is downward-driving, amplifying market pressure.
Technical indicators — particularly on the 1-day timeframe — support a bearish stance. TradingView’s aggregated dashboard lists Ethereum as a Strong Sell, with:
- 16 Sell signals vs only 1 Buy signal across indicators
- A sharply negative MACD and weakening RSI, despite being near oversold conditions
Momentum remains in decline rather than stabilizing.
Why Losing $3,150 Matters — and Why $3,000 Is Now Critical
The collapse of the $3,150 cost-basis cluster has already triggered risk shedding from recent buyers. If Ethereum falls below $3,000, analysts expect the market to enter a more emotional stage, where fear overrides long-term positioning.
Transaction history shows that ETH lacks strong support between $2,850 and $3,000, creating a wide liquidity gap that could deepen volatility.
Market Snapshot
At the time of writing:
• Ethereum trades at $3,085.51, down 10.47% over the past 24 hours
• The asset has fallen 4.74% over the past 7 days
• 24-hour trading volume has surged to $56.04 billion, signaling intensified speculation and risk liquidation
The spike in trading activity during a downtrend highlights panic participation rather than sustained accumulation.
Outlook
The trend remains bearish until proven otherwise. To regain market stability, Ethereum would need to reclaim $3,150 convincingly — not simply bounce into it. Without a shift in ETF flows or on-chain accumulation, the current structure favors continued downside.
For now, the market has narrowed its focus to a single question:
Can bulls defend $3,000, or is the next leg of capitulation already underway?
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alexander Zdravkov is a person who always looks for the logic behind things. He has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
