Ethereum hits 2-month low: Analyzing if ETH can reclaim $3k

The broader crypto market skilled a major sell-off, dropping greater than $170 billion in complete market worth. Altcoins, particularly Ethereum [ETH], have been hit the toughest, and ETH fell to a low of $2,681, ranges final seen in November 2025. 

At press time, ETH traded at $2,714, down 8.2% on the day by day charts, extending its long-week downtrend. With ETH dropping to a low of $2.6k, whale exercise on each the spot and futures markets intensified.

Ethereum complete lengthy liquidation hits $242M

After Ethereum dropped to a low of $2.6k, buyers holding lengthy positions noticed huge liquidations. In actual fact, lengthy liquidations jumped to $242.4 million, at press time, including $175 million from the day earlier. 

Supply: CoinGlass

Amid this hovering liquidations, a distinguished ETH dealer, MachiBigBrother, was totally liquidated on his 25x lengthy place. The liquidation resulted in Machi recording a $2 million loss, bringing complete losses to over $25.8 million. 

Regardless of this liquidation, Machibigbrother returned to the market and took one other lengthy place. The whale deposited $144,573 in USDC into Hyperliquid, including to his ETH positions. 

One other whale returned after two years of dormancy, bought 699 ETH for $1.87 million, and deposited it into Hyperliquid, in keeping with Onchain Lens. The whale then opened an ETH lengthy place with 20x leverage, valued at $18 million. 

With whales getting into the market after such a slip, this means confidence, as they count on the correction to be short-lived. 

A whale provides $56M amid the shopping for the dip spree

On the spot facet, as ETH costs dropped, Ethereum whales rushed into the market to purchase the dip. 

In response to Onchain Lens, a whale bought a further 20,000 ETH for $56.03 million. This brings the whale’s holdings to 110,154 ETH, valued at $311.26 million in staking. 

The continued accumulation signifies whales’ conviction and means that they understand the present situations as ultimate for strategic positioning.

Moreover, change exercise additional echoed this buying-the-dip spree. In response to CoinGlass information, $2.34 billion in ETH flowed out of exchanges, in comparison with the $2.19 billion in inflows, as of writing.

Supply: CoinGlass

In consequence, the Spot Netflow dropped 967% to $146.3 million, a transparent signal of aggressive spot accumulation. Often, a better outflow tends to extend shortage, thereby accelerating upward momentum, a prelude to cost restoration.

Is ETH prone to additional slip?

Ethereum’s huge liquidations after the market crash additional exacerbated downward stress available on the market. In consequence, the altcoin’s Relative Energy Index (RSI) fell deeper into the bearish territory, dropping to 35 at press time.

On the similar time, its Directional Motion Index (DMI) dropped to 13. additional validating the downward momentum. When these momentum indicators drop to such low ranges, they sign sellers’ dominance out there.

Supply: TradingView

Thus, though whales purchased the dip and others opened lengthy positions, these demand-side actions have did not drive a pattern reversal in Ethereum.

Subsequently, prevailing market situations point out additional losses for ETH. If the pattern persists, ETH might drop once more in direction of $2.5k.

Nonetheless, if whales proceed to purchase the dip and soak up the promote stress, the market will clear latest losses and reclaim $3k.

Remaining Ideas

• Ethereum declined 8.2% to a two-month low of $2,681, as lengthy liquidations jumped to $242 million. 
• ETH whale purchased the dip, including 20,000 ETH price $56.03 million.