Updated: November 7, 2025
Key takeaways
- Spot price: Ethereum (ETH) trades near $3,33K today, with a 24‑hour range around $3,245–$3,412. Market cap sits close to $403B as liquidity stays elevated. [1]
- Week in review: Sentiment remains fragile after a sharp midweek drawdown; ETH is down ~13% for the week, tracking broader risk‑off tone in crypto. [2]
- Flows & positioning:U.S. spot ETH ETFs recorded a net +$12.5M on Nov 6, snapping a mini‑streak of outflows and offering a modest sentiment boost. [3]
- Order‑flow color: Despite a technical breakdown, large wallets accumulated ~$1.37B of ETH during the drop—a sign of buy‑the‑dip interest at lower levels. [4]
- Macro/regulatory backdrop today:Japan signaled support for bank‑issued stablecoins, a policy impulse that tends to be constructive for Ethereum’s payments and tokenization activity. [5]
ETH price at a glance (Nov 7, 2025)
- Last price: ~$3,338
- 24‑hour change: ~‑1–2% (varies by venue)
- Day’s range:$3,245 – $3,412
- 24‑hour volume:~$37.1B
- Market cap:~$402.9B
- All‑time high:$4,953.73 (Aug 24, 2025)
Source: CoinMarketCap (live dashboard; figures may update intraday). [6]
Context: Broader crypto stabilized today with bitcoin hovering near ~$102K, but traders remain risk‑averse after this week’s equity wobble and stronger‑dollar flows. That backdrop has kept ETH heavy on the week (~‑13%) even as intraday bounces appear. [7]
What moved Ethereum today (Nov 7)
- Technical break, then whale dip‑buying. ETH slipped below a key ~$3.40K support area, extending Thursday’s selloff; on‑chain/book data show ~394,682 ETH (~$1.37B) accumulated by large holders between ~$3,247 and ~$3,515, tempering the damage and helping stabilize spot. [8]
- ETF flows finally flipped green. After several down days, U.S. spot ETH ETFs netted +$12.5M on Nov 6 (BlackRock ETHA and Fidelity FETH led), a small but notable swing that often correlates with better near‑term price resilience. [9]
- Policy tailwind out of Japan.Tokyo’s finance minister said the FSA will support a megabank‑backed stablecoin initiative, spotlighting real‑world payment rails that commonly settle on Ethereum infrastructure. Regulatory green lights for stablecoins tend to lift demand for blockspace and gas over time. [10]
- Cross‑market tone stayed cautious. CoinDesk flagged fragile sentiment across majors as traders eyed macro risk and equity weakness; ETH chopped near ~$3.33K alongside bitcoin’s tepid bounce. [11]
Market internals & activity
- Gas & activity: On‑chain fees remain near cycle lows, supporting usage even during drawdowns. The daily average gas price was ~1.68 gwei on Nov 5 (Etherscan‑sourced series), consistent with today’s low‑fee environment. Lower fees can soften sell pressure by making rollup and dApp activity cheaper. [12]
- ETH/BTC cross: The ETH/BTC rate trades near ~0.0328, down on the month as bitcoin dominates risk appetite. Cross‑pair weakness often caps USD‑denominated rebounds in ETH until flows re‑balance. [13]
Levels that matter today
- Immediate support:$3,250–$3,300 (volume‑weighted buy area from whale accumulation window). A firm hold keeps the door open for basing. [14]
- First resistance:$3,400–$3,480 (recent breakdown zone). Reclaiming and holding above this band would begin to neutralize the week’s damage. [15]
- Macro pivot: Sustained improvement in ETF flows (net‑inflow days > outflow days) and calmer equities would likely be required for a durable retest of the mid‑$3.7Ks. [16]
News wrap for Nov 7, 2025
- Ether falls to $3,331 as support snaps; whales accumulate ~$1.37B. Technicals wobble, but large wallets buy the dip within the $3.25K–$3.52K band. [17]
- Crypto steadies; ETH still nursing a weekly slide. Risk‑off tone persists; ETH’s weekly drawdown hovers near ‑13%. [18]
- Japan backs megabank stablecoin project. Policy support for stablecoins—key Ethereum demand drivers—adds a constructive long‑run signal. [19]
Outlook: what to watch next
- ETF flow trend: One positive print doesn’t make a regime. Watch whether ETH ETF net inflows continue through next week; persistent inflows typically correlate with steadier price action. [20]
- On‑chain activity vs. fees:Low gas is supportive for L2s and dApps; a rebound in active addresses and stablecoin volumes would strengthen the case for a medium‑term recovery. [21]
- Macro calendar & liquidity: Crypto remains tethered to broader risk sentiment; today’s tone was still cautious across majors. [22]
Methodology & sources
Spot and market‑cap/volume figures come from CoinMarketCap’s live dashboard (24‑hour range, market cap, volume, and ATH). Intraday narrative and cross‑market context draw on CoinDesk’s real‑time market coverage. ETF flow totals reference Farside Investors’ daily U.S. ETH ETF tracker. Regulatory headlines come from Reuters. On‑chain fee context uses the Etherscan‑sourced series via YCharts. [23]
Disclaimer
This article is for news and information only and does not constitute financial advice. Crypto assets are volatile; always do your own research and manage risk accordingly.
References
1. coinmarketcap.com, 2. www.coindesk.com, 3. farside.co.uk, 4. www.coindesk.com, 5. www.reuters.com, 6. coinmarketcap.com, 7. www.coindesk.com, 8. www.coindesk.com, 9. farside.co.uk, 10. www.reuters.com, 11. www.coindesk.com, 12. ycharts.com, 13. coinmarketcap.com, 14. www.coindesk.com, 15. www.coindesk.com, 16. farside.co.uk, 17. www.coindesk.com, 18. www.coindesk.com, 19. www.reuters.com, 20. farside.co.uk, 21. ycharts.com, 22. www.coindesk.com, 23. coinmarketcap.com


