Ethereum slips as long-term holders dump 45K ETH daily; price near $3,211
Ethereum continued to weaken on November 14 as long-term holders accelerated selling, offloading about 45,000 ETH daily — the fastest rate recorded since 2021. The increased distribution has coincided with a roughly 10% intraday decline, leaving ETH hovering near $3,211 and adding steady downward pressure to market sentiment.
The significance is twofold: persistent long-term holder sales increase available supply and can undermine confidence among shorter-term traders, while the on-chain selling pace serves as a warning signal for potential continuation of the pullback. Traders and observers will be watching exchange inflows, long-term holder balances and key support levels to gauge whether the market finds a foothold or faces further volatility. This dynamic makes short-term outlooks more uncertain despite Ethereum’s underlying network activity.