Ethereum Stalls Below $3K as Long-Term Holders Cash Out
Ethereum recorded a sharp 6% decline over the last 24 hours on Tuesday, Dec. 2, 2025, slipping back below the key $3,000 threshold as long-term holders took profits. The coordinated selling from older wallets interrupted a recent run higher, leaving traders to reassess short-term positioning and liquidity around the psychological $3K mark.
The move matters because $3,000 has behaved as both resistance and support during recent rallies; failing to reclaim it quickly could cool demand across altcoins and increase volatility. Market watchers say on-chain flows and macro headlines will determine whether this is a temporary pullback or the start of a deeper correction, while traders monitor whether long-term holders shift from profit-taking to accumulation in the coming days.