Ethereum Price Today, November 17, 2025: ETH Holds Near $3,190 as ETF Outflows and Macro Fears Weigh on the Market

Ethereum is starting the new week under pressure. On Monday, November 17, 2025, the second‑largest cryptocurrency is trading sideways around a key support zone while traders digest ETF outflows, macro uncertainty and a broader crypto sell‑off.

Ethereum price today (17.11.2025)

At the time of writing on November 17, 2025, Ethereum (ETH) is trading around $3,190–$3,200, after swinging between roughly $3,020 and $3,240 over the past 24 hours. ^[1]

Across major data providers, ETH is clustered in the same range:

Spot price: about $3,190–$3,200 per ETH ^[2]
24‑hour performance: down roughly 1–2% compared with yesterday ^[3]
7‑day performance: lower by around 11–12% week‑on‑week as part of a broader crypto pullback ^[4]
Market capitalization: approximately $387 billion, keeping Ethereum firmly as the #2 crypto asset by market cap ^[5]
24‑hour traded volume: above $35 billion on major exchanges, underscoring elevated volatility and active repositioning by traders. ^[6]

For context, Ethereum is now trading about 30–35% below its 2025 peak near $4,900, and around a third lower than early‑October levels above $4,600, reflecting a significant but not unprecedented drawdown for the asset. ^[7]

Market backdrop: risk‑off mood and Bitcoin crash hit ETH

Today’s Ethereum price action is not happening in isolation. The entire crypto market is under stress:

Bitcoin has dropped below $95,000, erasing most of its gains for 2025 and dragging sentiment across risk assets lower. ^[8]
The global crypto market cap sits near $3.34 trillion, down on the day, with Bitcoin dominance around 57%. ^[9]

A report from Bitget describes how Ethereum “crashed below key support” around $3,100 as part of a market‑wide sell‑off that has shaved almost $1 trillion from crypto valuations since early October. The article links the move to shifting Federal Reserve expectations, fading hopes for near‑term rate cuts, and a sharp drop in investor appetite for speculative assets. ^[10]

Another market summary notes that Ethereum plunged about 11% alongside Bitcoin’s slide, as traders reacted to stubborn inflation, delays in key U.S. data releases and a perception that monetary policy may stay restrictive for longer than previously expected. ^[11]

In short: macro headwinds and risk‑off sentiment are still in the driver’s seat today, and ETH is trading like a high‑beta asset to those trends.

ETF outflows and institutional flows: a key story on November 17

One of the most important Ethereum headlines today concerns spot ETH ETFs and institutional positioning.

Heavy ETH ETF outflows

Indonesian exchange Pintu reports that on November 17, Ethereum ETFs saw about $177.9 million in net outflows in a single day, with BlackRock’s product alone accounting for roughly $173.3 million in selling. ^[12]

This aligns with a broader pattern highlighted by Bitcoin Suisse: over the past week, digital‑asset investment products recorded around $1.2 billion in net outflows, including about $440 million from Ethereum‑linked products, even as Solana saw notable inflows. ^[13]

These numbers help explain why Ethereum’s price struggles to build sustained upside momentum:

ETF investors appear to be locking in profits or de‑risking,
institutional flows are tilted toward net selling rather than accumulation, at least in the short term.

Large‑holder moves: Arthur Hayes and a mining “whale” in focus

Two other stories from today highlight activity by large market players:

Arthur Hayes, co‑founder of BitMEX, has reportedly sold nearly $5 million in crypto over the past 24 hours, including about $2.48 million worth of ETH, amid the latest leg down in the market. ^[14]
A separate report tracks a roughly $11 million Ethereum transfer by a prominent mining operator, sparking debate over whether the move signals upcoming selling or simply internal liquidity management. ^[15]

While neither event is huge compared with Ethereum’s daily volume, such whale‑level transactions tend to amplify market narrative, especially when sentiment is already fragile.

Derivatives and sentiment: cooling leverage, cautious bulls

On the derivatives side, the picture is mixed but leans cautious.

A November 17 analysis from CoinEdition notes that Ethereum is “hovering near key support” around the low $3,100 region, with: ^[16]

Falling open interest,
Cooling funding rates, and
Negative ETF flows

all pointing to reduced leveraged risk‑taking. In plain language: traders are dialing back aggressive long positions, waiting for clearer direction.

At the same time, a Pintu report focused on today’s move off the $3,000 level highlights that on Binance, more than 70% of ETH/USDT perpetual positions across several timeframes are currently long, suggesting a crowded bullish tilt in the futures market. ^[17]

Together, these data points suggest:

Leverage is still present but more concentrated,
The market is split between dip‑buyers and risk‑reducers,
Short squeezes or long liquidations could easily accelerate moves in either direction.

Key Ethereum price levels to watch today

Several technical reports published on or just before November 17 are converging on the same critical zones for ETH.

Short‑term support zones

Analysts at CoinGape and multiple regional outlets highlight the following levels: ^[18]

$3,100:
- Recently tested and reclaimed.
- Seen as immediate support; repeated breaks below it have been short‑lived so far.
$3,000:
- Viewed as a “must hold” psychological and technical level.
- A clean breakdown below $3,000 could trigger a liquidity sweep and force liquidations, potentially forming a local bottom but also invalidating some bullish 2025 price targets.

Reports from Pintu and Coingape stress that Ethereum has already bounced from the $3,000 area, but that market strength remains weak, so another test of that support is still on the table. ^[19]

Overhead resistance and upside targets

On the upside, several resistance zones are in focus:

$3,400: near‑term resistance, referenced in today’s ETF‑outflow analysis as the next hurdle for a relief rally. ^[20]
$3,500: widely described as a “key resistance” that ETH has struggled to reclaim; a decisive break could open the way toward higher levels. ^[21]
$3,800–$4,000: medium‑term targets mentioned in multiple analyses if $3,500 is flipped into support and macro conditions improve. ^[22]

In short, $3,000–$3,100 is the main floor, while $3,400–$3,500 is the ceiling traders are watching most closely today.

Ethereum in the wider crypto market: altcoin weakness and “extreme fear”

A CoinDesk market piece released today notes that Ether recently slipped to around $3,180, down about 0.8% on the day and 12% over the week, while other large altcoins like XRP, SOL, ADA and DOGE have dropped 8–16% in the same period. ^[23]

Additional coverage from Pintu and other outlets emphasizes that:

Ethereum and Dogecoin have both failed to break key resistance levels, remaining range‑bound and choppy. ^[24]
The broader market is experiencing “extreme fear”, with investors reacting strongly to macro headlines and ETF fund‑flow data. ^[25]

In this environment, Ethereum is acting as a barometer for altcoin risk: when ETH weakens, capital tends to move further into stablecoins or back into Bitcoin, and that dynamic appears to be in play again today.

Short‑term pain vs. long‑term optimism: Tom Lee’s “supercycle” thesis

Interestingly, not all Ethereum news today is bearish.

A November 17 piece from CoinCentral highlights comments by Tom Lee, executive chair of BitMine Immersion Technologies, who argues that Ethereum may be entering a “supercycle” similar to Bitcoin’s 100x rise over the past decade. ^[26]

Key points from that report:

Ethereum has dropped about 35% from its August all‑time high near $4,946, a drawdown Lee frames as typical for a longer‑term growth trajectory. ^[27]
On‑chain data shows long‑term ETH holders now controlling around 27 million ETH, up from about 10 million at the start of 2025, suggesting continued accumulation despite volatility. ^[28]
BitMine itself has reportedly purchased around $234 million worth of ETH over the past week via institutional brokers, indicating that at least some large players view current prices as attractive. ^[29]

This stands in stark contrast to today’s ETF outflows and short‑term fear. For long‑horizon investors, the fundamental story (L2 growth, DeFi, restaking, tokenization) has not changed dramatically in the last few weeks; what has changed is risk appetite and macro conditions.

Institutional infrastructure: SGX launches ETH perpetual futures

While prices are under pressure, infrastructure for institutional Ethereum trading continues to expand.

On November 17, Singapore’s SGX Derivatives arm announced it will launch Bitcoin and Ether perpetual futures on November 24, with contracts tied to the iEdge CoinDesk Crypto Indices. ^[30]

Why this matters:

It offers regulated, exchange‑listed perpetual futures to Asian institutions, a product that has historically existed primarily on crypto‑native platforms.
It may attract hedging and basis‑trading activity from funds that prefer traditional exchange venues.
Over time, such products typically deepen liquidity and can help reduce volatility, even if their immediate impact on price is hard to isolate.

Today’s announcement doesn’t erase the sell‑off, but it reinforces a theme: even during drawdowns, Ethereum’s market structure is maturing.

What traders and investors are watching next

Based on today’s news and data, several catalysts are front‑of‑mind for Ethereum market participants:

Federal Reserve path and macro data
- Any surprise shift toward more dovish language or weaker‑than‑expected economic data could revive risk appetite and support ETH.
- Conversely, higher‑for‑longer messaging tends to pressure both Bitcoin and Ethereum. ^[31]
Spot ETF flows
- After sizable outflows, traders are watching whether ETH ETFs stabilize or continue to bleed capital.
- A turn back to net inflows would likely be seen as a bullish confirmation that institutions are buying the dip. ^[32]
The $3,000 support zone
- Holds above $3,000–$3,100 would strengthen the case for a range‑bound consolidation before any new trend.
- A clean break and close below $3,000 would signal that bears remain in control, at least in the short term. ^[33]
On‑chain positioning and long‑term holders
- Rising long‑term holdings and reduced exchange balances often point to structural accumulation, even during sharp drawdowns. ^[34]

Quick FAQ: Ethereum price today (17 November 2025)

Is Ethereum up or down today?
Ethereum is slightly down on the day, trading around $3,190–$3,200, with losses of roughly 1–2% over the last 24 hours and about 11–12% over the week. ^[35]

Why is the Ethereum price under pressure?
The main drivers are:

A broader crypto sell‑off led by Bitcoin’s drop below $95,000,
Reduced expectations for near‑term Fed rate cuts and risk‑off macro sentiment,
Significant net outflows from ETH spot ETFs, and
Ongoing position unwinds and cautious leverage in derivatives markets. ^[36]

What are the key Ethereum support and resistance levels today?

Support: $3,100 (immediate), then $3,000 as a key line in the sand.
Resistance: $3,400, followed by the major $3,500 zone and, if broken, potential extension toward $3,800–$4,000. ^[37]

Is Ethereum still considered a long‑term bullish asset?
Short‑term price action is bearish, but some analysts and institutional players remain optimistic. Tom Lee and others point to growing long‑term holdings, large strategic purchases and ongoing infrastructure growth as evidence that Ethereum’s long‑run thesis remains intact, even if 2025 has turned choppy. ^[38]

Disclaimer: This article is for informational and news purposes only and does not constitute financial, investment or trading advice. Cryptocurrency markets are highly volatile and you should do your own research and consult a licensed financial professional before making investment decisions.

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