{"id":56493,"date":"2025-11-04T02:16:32","date_gmt":"2025-11-04T02:16:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=56493"},"modified":"2025-11-04T02:16:32","modified_gmt":"2025-11-04T02:16:32","slug":"ethereum-eth-under-bearish-pressure-as-on-chain-data-hints-at-market-reversal","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=56493","title":{"rendered":"Ethereum (ETH) Under Bearish Pressure as On-Chain Data Hints at Market Reversal"},"content":{"rendered":"
\n

Ethereum (ETH) remains under notable bearish pressure, trading around $3,710 after dropping 4.5% in the past 24 hours.<\/p>\n

Related Reading: Crypto Exchanges Brace For EU Power Shift Toward Central Regulation<\/a><\/p>\n

The asset has struggled to maintain its uptrend, slipping below the $3,800 level and testing the critical $3,715 support zone. Analysts note that this level has been retested multiple times since October, serving as a key battleground between bullish and bearish sentiment.<\/p>\n

Technical indicators such as the Relative Strength Index (RSI) and MACD show weakening momentum, suggesting that sellers remain in control. A decisive close below $3,680 could expose ETH to deeper losses toward $3,550 or even $3,500.<\/p>\n

However, a rebound from this level could allow buyers to target resistance zones near $3,920 and $4,000. Interestingly, despite the short-term bearish tone, Ethereum\u2019s broader chart structure forms a falling wedge pattern, a setup often preceding a bullish reversal.<\/p>\n

\"Ethereum<\/p>\n

Ethereum (ETH) On-Chain Data Signals Accumulation Despite Downtrend<\/strong><\/h2>\n

While technicals paint a cautious picture, on-chain activity reveals signs of underlying strength.<\/p>\n

According to Glassnode<\/a> and Sentora data, over $600 million worth of ETH has been withdrawn from exchanges in just one week. This mass exodus often signals accumulation, as investors move holdings to cold wallets for long-term storage.<\/p>\n

Supporting this view, Ethereum\u2019s MVRV ratio, a key valuation metric comparing market value to realized value, currently stands at 1.50, a level historically associated with market equilibrium before major uptrends.<\/p>\n

Notably, staked Ethereum maintains an even higher MVRV of 1.7, suggesting that long-term holders are confident in ETH\u2019s recovery. With 36.1 million ETH staked, representing nearly a third of total supply, the data highlights reduced selling pressure and growing network resilience.<\/p>\n

Stablecoin Surge and Institutional Confidence Prepare for Rebound<\/strong><\/h2>\n

Beyond price action, Ethereum\u2019s ecosystem<\/a> continues to expand. October saw a record $2.82 trillion in stablecoin transaction volume on the network, a 45% increase month-over-month, driven by yield farming and institutional liquidity management.<\/p>\n

Analysts interpret this as a sign of capital rotation rather than market exit, with traders parking funds in stablecoins while awaiting favorable conditions to re-enter ETH positions.<\/p>\n

Institutional inflows into Ethereum-based products have also topped $15 billion in 2025, reflecting steady confidence in Ethereum\u2019s long-term role in decentralized finance (DeFi) and payments.<\/p>\n

Related Reading: Solana Foundation Exec Slams XRP Hype: \u2018Show Me the Data\u2019<\/a><\/p>\n

While short-term volatility may persist, these metrics suggest that Ethereum\u2019s correction could be a temporary pause before a broader market reversal toward the $4,100\u2013$4,200 range forecast by analysts.<\/p>\n

Cover image from ChatGPT, ETHUSD chart from Tradingview<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Ethereum (ETH) remains under notable bearish pressure, trading around $3,710 after dropping 4.5% in the past 24 hours. Related Reading: Crypto Exchanges Brace For EU Power Shift Toward Central Regulation The asset has struggled to maintain its uptrend, slipping below the $3,800 level and testing the critical $3,715 support zone. Analysts note that this level […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-56493","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/56493","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=56493"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/56493\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=56493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=56493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=56493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}