Overview
- ETH traded near $3,211 on Nov. 14 after a 10% daily slide, down about 4% for the week and 21% over the month, roughly 35% below the August peak of $4,946.
- Glassnode reports that 3–10 year holders have moved or sold over 45,000 ETH per day on a 90‑day average, the highest pace since February 2021.
- CryptoQuant’s 30‑day Net Taker Volume remains negative, indicating sellers still hold the upper hand in futures markets.
- Derivatives volume increased about 27.6% to $139.7 billion as open interest fell roughly 7% to $37.8 billion, a pattern consistent with traders closing positions during the decline.
- Technical readings stay bearish with price near the lower Bollinger Band, an RSI around 34, and a negative MACD, with $3,350–$3,400 flagged as resistance and $3,000, $2,850, and $2,700 as key supports.