Ethereum price is struggling to rise above $3,700 after facing fresh selling pressure. Despite the ongoing correction, ETH price continues to attract interest from whales and institutions. Buying activity has increased around key support zones, indicating confidence among long-term holders. Analyst Ted emphasized that Ethereum’s ability to recover $3,700 will likely determine whether it can approach higher resistance levels. However, to retest $4,000 by the end of the year, the bulls will first need to defend the lower support and establish a stronger foothold.
Ethereum price war, major liquidity zones
of Current value of Ethereum After being rejected again near the $3,700 threshold, it is now trading at $3,437. Analyst Ted explains We believe this resistance remains significant and liquidity is concentrated between $4,000 and $4,100.
Strong demand has kept the price near $3,400, acting as a base for repeated declines. If Ethereum breaks below this level, the next support is near $3,200, which could attract fresh buying interest.
On the other hand, a recovery above $3,700 would indicate an improvement in market confidence and pave the way for $4,000. The outlook for Ethereum price therefore depends on whether the bulls are able to regain control at these critical liquidity points in the short term.
Symmetrical triangles indicate the possibility of reversal
Looking at it another way, Ethereum continues to consolidate within a symmetrical triangle, indicating the market is spiraling towards a definitive breakout. This structure reflects the balance of power between buyers and sellers as volatility reduces. The DMI indicator clearly confirms the bearish setup with +DI of 13 and -DI of 30, indicating that sellers continue to have the upper hand.
On the other hand, the ADX value of 32 shows a strong trend and proves that the bearish momentum is still intact. This means that the ongoing decline remains active and is likely to fall further before a recovery is attempted.
Considering this setup, Ethereum is likely to revisit the $3,272 support area before confirming new strength. This level has previously served as a short-term benchmark for buyers to re-enter with confidence. A successful retest could reset liquidity and lay the foundations for an upward reversal.
Once the selling pressure subsides, ETH price could rebound towards $3,700 and then challenge the resistance at $4,000. Overall, Ethereum long-term price outlook We remain cautiously optimistic as this supports the possibility of a rebound once the current bearish phase is complete.
Whales and Institutions Increase Ethereum Exposure
Whales and institutional investors are ramping up accumulation as Ethereum consolidates below key resistance levels. Lookonchain revealed that the whale, which previously owed 66,000 ETH to short sellers, has been actively buying during the recent dip.
An additional 60,000 ETH, worth approximately $213 million, was withdrawn from Binance at the same address, indicating the continuation of Binance’s hoarding. Since November 2nd, this whale has purchased a total of 392,961 ETH (worth approximately $1.38 billion). This consistent accumulation by a single company confirms growing confidence among deep-pocketed investors despite short-term volatility.
BitMine, on the other hand, increased its holdings to 2.9% of total supply after acquiring 110,000 ETH during the recent selloff. Trust between institutions may also strengthen in response to the following events: U.S. Treasury and IRS guidance Crypto ETFs allow you to stake your digital assets.
This new framework provides funds with a clear path to earning staking rewards, making Ethereum more attractive to regulated participants. With large entities accumulating and new regulatory support emerging, the foundations for ETH to regain $4,000 by the end of the year appear to be stronger.
summary
Ethereum remains caught between solid support and stiff resistance, but it has shown fundamental resilience. Consistent whale and institutional buying continues to provide stability amid short-term volatility. Holding $3,400 could sustain the bullish structure while taking advantage of the recovery opportunity. A decisive break above $3,700 would strengthen confidence and put Ethereum on track to regain $4,000 by the end of the year.