Ethereum (ETH) Price Today, November 16, 2025: ETFs, Fusaka Upgrade and Arthur Hayes’ $2.5M Sell-Off

Ethereum (ETH) is trading around $3,170 today, November 16, 2025, after a volatile week that saw heavy ETF outflows, a bounce from the key $3,000 support zone and fresh headlines about ex‑BitMEX CEO Arthur Hayes selling over $2.5 million in ETH and DeFi tokens. ^[1]

The market is also looking ahead to Fusaka, Ethereum’s next major network upgrade scheduled for December 3, 2025, which aims to dramatically boost Layer‑2 scaling and cut transaction costs — a key narrative underpinning longer‑term bullishness despite short‑term fear. ^[2]

Ethereum Price Today: Key Levels on November 16, 2025

Spot price: about $3,170 per ETH at press time
24‑hour range: roughly $3,134 – $3,243
24‑hour move: up around 0.8–2%, depending on data source
Market cap: in the high‑$380 billion range

Real‑time data shows ETH changing hands near $3,172.69, with an intraday low around $3,134 and a high near $3,243. Binance’s market update similarly lists ETH at about $3,216, up 1.8% over the last 24 hours, underscoring a modest rebound from the week’s lows. ^[3]

Earlier in the day, market commentary from DMarketForces noted a 2.35% daily gain to around $3,216, with Ethereum’s market value near $388 billion and 24‑hour trading volume falling more than 48% to about $18.8 billion, suggesting lighter but still significant activity. ^[4]

In short: ETH is stabilizing in the low‑$3,000s, attempting to build a base above $3,000 after a steep drawdown.

The Backdrop: From ETF Euphoria to a Sharp November Shakeout

Ethereum’s price action this week can’t be separated from the story of spot ETH ETFs.

From record inflows to painful outflows

Since late October, U.S. spot ether ETFs have seen over $1.4 billion in net outflows, helping drag ETH from a high near $3,565 down to around $3,060 at Friday’s lows. ^[5]
A deeper dive from AInvest highlights that Ethereum ETFs recorded a single‑day outflow of about $107 million in late November, cutting ETF assets under management to roughly $22.5 billion, after a blockbuster $9.6 billionof net inflows in Q3 2025. ^[6]

Bitcoin and Ethereum spot ETFs together have shed over $3.5 billion this month, making November a candidate for one of the worst months in ETF flow history for the crypto sector. ^[7]

This reversal in flows has:

Added downside pressure to ETH
Dampened retail risk appetite
Kept technical indicators skewed bearish on many timeframes ^[8]

Yet, despite this, Ethereum has so far defended the $3,000 region, which many analysts now view as a crucial battle line for bulls and bears.

$3,000 Support vs. $3,500 Resistance: What Analysts Are Watching

Technical coverage from CoinGape describes ETH “hovering above $3,200” after testing support near $3,100, but still struggling against $3,500 resistance. ^[9]

Key levels being watched today:

Immediate support:
- $3,100 (recent intraday base) ^[10]
- $3,000 (psychological and technical support) ^[11]
Near‑term resistance:
- Around $3,225–$3,330 (short‑term pivots and resistance levels) ^[12]
- $3,500 (major resistance, rejection zone on recent rallies) ^[13]

CoinCodex’s technical dashboard, updated today, reinforces this picture: it flags a bearish sentiment with most indicators pointing to selling pressure, but defines support between $3,017–$3,121 and resistance near $3,226–$3,330, neatly bracketing today’s trading range. ^[14]

Is the Bounce Off $3,000 a Bull Trap?

One of the most talked‑about pieces of Ethereum analysis today comes from AMBCrypto, which warns that ETH’s rebound from $3,000 may resemble a “bull trap”:

ETH has staged roughly a 3.5% bounce off the $3,000 level.
ETF outflows are still ongoing, and “smart money” is realizing losses rather than adding aggressively.
The chart structure shows lower highs and lower lows since October, with no sharp V‑shaped recoveries, keeping momentum tilted bearish. ^[15]

At the same time, derivatives and dominance data suggest capital is rotating into Ethereum:

ETH market share has climbed back above 12% as BTC’s dominance is rejected at the 60% mark.
Open interest in ETH derivatives has grown by about $2 billion in 72 hours, far faster than Bitcoin’s OI increase over the same period. ^[16]

Put simply, speculative leverage is rushing back into ETH, but price hasn’t yet confirmed a clean trend reversal — a classic recipe for volatility.

Arthur Hayes’ $2.5M ETH Sale: Signal or Noise?

Adding fuel to today’s conversation is news that Arthur Hayes, former CEO of BitMEX, sold a notable chunk of crypto:

Roughly 520 ETH,
Around 2.62 million ENA,
And 132,730 ETHFI,
For a combined value of about $2.52 million, at average prices near $3,192 per ETH. ^[17]

Blockchain analytics firms like Lookonchain and Arkham tracked the sale, which occurred about four hours before a public post on November 16, 2025. ^[18]

Market takeaways from Bitget and AInvest’s coverage:

The move is widely framed as institutional‑style profit‑taking or portfolio rebalancing. ^[19]
Analysts warn that such a high‑profile sale could pressure ETH’s $3,000 support if it triggers copycat selling. ^[20]
Historical patterns cited in these reports suggest that similar large sales often lead to short‑lived dips, with prices sometimes rebounding within 24–48 hours if institutional demand re‑emerges. ^[21]

For now, Hayes’ sale is best viewed as one piece of a bigger puzzle: it lines up with ETF outflows and cautious sentiment, but it doesn’t yet amount to a confirmed trend on its own.

Fusaka Upgrade: The December Catalyst Looming Over Today’s Price

While short‑term traders obsess over ETF flows and whale wallets, long‑term investors are fixated on Fusaka, Ethereum’s next major hard fork.

According to technical explainers from Phemex and infrastructure provider Crypto APIs, Fusaka will: ^[22]

Launch on December 3, 2025
Bundle 11–12 Ethereum Improvement Proposals (EIPs) focused on infrastructure
Introduce PeerDAS (Data Availability Sampling) to dramatically increase Layer‑2 data capacity
Help raise throughput for L2 networks like Arbitrum, Optimism and zkSync to tens of thousands of TPS
Increase the gas limit and implement Verkle Trees, making it easier for validators to run nodes on lighter hardware

In practical terms, Fusaka aims to make Ethereum:

Cheaper for everyday users (especially on L2s)
More scalable for DeFi, gaming and payments
More decentralized, by reducing hardware requirements for node operators ^[23]

This upgrade is a major reason why many institutions still view ETH as a core “growth asset”, even as short‑term price action looks shaky. ^[24]

Real‑World Utility in Focus: Devconnect Buenos Aires

Adding a fundamentally bullish narrative to today’s headlines, Devconnect Buenos Aires — branded as Ethereum’s first “World’s Fair” — officially kicks into high gear this week. ^[25]

Reporting from BeInCrypto highlights how the event is showcasing Ethereum as a mature, real‑world technology:

Live stablecoin payments for everyday purchases in a high‑inflation environment (Argentina)
Consumer‑ready wallets, account abstraction and passkey‑based UX
A robust Layer‑2 ecosystem handling actual payments and interactions on the ground ^[26]

Against a backdrop of macro uncertainty and ETF outflows, Devconnect is a reminder that Ethereum’s value isn’t purely speculative — its infrastructure is already being used in places where traditional finance struggles.

Short‑Term Ethereum Price Outlook: Scenarios for Traders

Forecasts and models updated today paint a mixed, but tightly clustered, picture for ETH over the near term.

Model‑based price targets

CoinCodex’s short‑term model expects Ethereum to trade between ~$3,170 and $3,400+ over the next week, with a potential high near $3,494 by November 21, assuming bullish follow‑through. ^[27]
Changelly’s November 2025 forecast sees ETH between $3,137 and $3,777, with an average price around $3,457for the month. ^[28]

These are algorithmic projections, not guarantees, and they often assume that current macro and flow conditions don’t dramatically worsen.

Bullish case (short term)

For bulls, the roadmap looks like this:

$3,000 holds as strong support, with no sustained break below. ^[29]
ETF outflows slow or reverse, easing sell pressure from large funds. ^[30]
Derivatives leverage remains tilted long, but without triggering severe liquidations. ^[31]
Positive headlines around Fusaka and Devconnect reinforce the idea of Ethereum entering a new “super‑cycle” of real‑world adoption. ^[32]

If this plays out, a retest of $3,400–$3,500 resistance becomes plausible in the coming weeks.

Bearish case (short term)

The bear path is equally clear:

ETF outflows accelerate again, adding more than $100m per day of net selling pressure. ^[33]
High‑profile whale sales (like Hayes’) inspire broader profit‑taking among large holders. ^[34]
Technical levels around $3,100–$3,000 fail, triggering liquidity grabs and stop‑loss cascades. ^[35]
Macro headwinds — particularly concerns about future Fed policy — keep risk assets on the back foot. ^[36]

In that scenario, a deeper move below $3,000 and a retest of the recent $3,060 low (or lower) cannot be ruled out. ^[37]

What to Watch Next If You Follow ETH Today

For anyone tracking Ethereum on November 16, 2025, the most important signals over the coming days include:

ETF flow data
- Are outflows shrinking, flat, or accelerating?
- Sustained inflows would be a powerful bullish confirmation after November’s bleed. ^[38]
Price reaction around $3,000
- Multiple analysts agree this is the line in the sand for bulls. A clean defense is constructive; repeated breakdowns increase the odds of a deeper correction. ^[39]
Derivatives positioning
- High leverage and a strong long skew can support rallies, but also set up painful liquidations if price moves the other way. ^[40]
Fusaka upgrade milestones
- Any last‑minute bugs, delays or confirmation of successful mainnet rollout on December 3 could quickly influence sentiment and price. ^[41]
Narrative and adoption news from Devconnect Buenos Aires
- Real‑world demos of stablecoin payments, L2 scaling and consumer wallets strengthen the case for Ethereum’s long‑term value, regardless of short‑term volatility. ^[42]

Bottom Line: Cautious Optimism Under Heavy Weather

Today, Ethereum is caught between powerful opposing forces:

Bearish:
- Historic ETF outflows
- High‑profile profit‑taking by whales like Arthur Hayes
- Bearish technicals and cautious retail sentiment ^[43]
Bullish:
- A resilient bounce off the $3,000 level
- Growing derivatives and market‑share rotation toward ETH
- The imminent Fusaka upgrade and visible real‑world adoption at events like Devconnect ^[44]

As of November 16, 2025, the market’s message is cautious optimism, but with clear downside risks if $3,000 fails or ETF outflows deepen. For traders and investors, the most prudent stance is to focus on key levels, flow data and upgrade progress, rather than any single headline or prediction.

Disclaimer:
This article is for informational and news purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency investments are highly volatile and can result in total loss of capital. Always conduct your own research and consider consulting a licensed financial professional before making investment decisions.

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