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Ethereum has struggled to reclaim its recent high, and the price has gone down to below 3,200. Nevertheless, the trend is downward, and whales have been on a rise, with one of the biggest players contributing to their accounts in excess of 105M ETH.
There is some division among analysts on the short-term prospects, with some forecasting that it may potentially rally to the $5,000 level by the end of 2025. As Ethereum consolidates, investors are eyeing the next big opportunity, and the Earth Version 2 ($EV2) presale stands out as a promising contender in the GameFi space.
ETH Technicals Suggest Rebound: $3,570 Breakout or $2,800 Test?
Ethereum traders are facing fresh downside risks after the price dropped below $3,400. The token is currently priced at $3,211, representing a 10% decline over the last 24 hours and a 21% decrease in the past month. However, a whale has just bought 19,508 ETH for $61 million and now holds 405,238 ETH, despite incurring $126 million in unrealized losses. These moves show conviction in the chaos as exchange supply drops with 700,000 ETH withdrawn recently.
Technical indicators show a falling wedge pattern, with the MACD nearing a bullish crossover. Support is at $3,400, and resistance is at $3,570. A break above could target $3,640, but failure risks a slide to $3,260.
Derivatives activity increased, with volume up 27.6% to $139.7 billion, while open interest fell about 7% to $37.8 billion. This mix often means that traders are closing positions during the decline instead of building new leverage.
Long-Term ETH Holders Step Up Selling
According to a Nov. 14 post on X by Glassnode, long-term Ethereum holders have increased their selling activity over the past three months. Addresses holding ETH for 3 to 10 years have been moving or selling an average of over 45,000 ETH per day, based on the 90-day trend. This is the highest level of spending from this group since February 2021.
When long-term holders sell at this rate, it typically occurs when they decide to lock in profits or limit their exposure following a large rally. This could mean that ETH may need more time to steady before buyers step in again with confidence.
CryptoQuant analysts also note that Ethereum’s Net Taker Volume (30-day MA) is still negative. Selling pressure in the futures market has eased compared to September, but sellers are still stronger than buyers.
In past market cycles, ETH would only find a bottom after this metric turned positive. Until then, the market will likely go sideways or down before forming a base.
$EV2 Presale Takes Center Stage: Top Gaming Bet for November
As the crypto market moves, presales are one of the best ways to get early exposure to high-upside projects. Among the top presales of November, Earth Version 2 ($EV2) is the top gaming token.
EV2 is a sci-fi-based, multiplayer online role-playing game that allows players to engage in various types of combat within a single game, including the Survival Match, a free-to-play, high-stakes mode.
Players earn glowing cubes as they fight over valuable relics, and each moment in-game is exciting and rewarding. The game integrates blockchain with traditional gaming, allowing players to have real ownership of the in-game assets, such as Holocrons and tokens.
Currently in presale, $EV2 is available at $0.01, with a price increase to $0.015 as the presale progresses. The presale has already sold over 90,000 tokens. This may be the ideal time for early-stage investors to get in before the project is listed on public exchanges.
The presale allows payments through ETH, USDT, BTC, and even credit cards, making it accessible to traditional gamers who are not familiar with cryptocurrency. What sets $EV2 apart is its focus on sustainability, blending DeFi and ReFi principles so players’ rewards contribute positively to the environment. This is not only entertainment but an investment in the Web3 space.
$EV2 possesses open tokenomics, which is a huge attraction to investors seeking transparent and equitable economic models. This predetermines the uniqueness of the offering in the gaming sphere, where the duality of in-game bonuses and cryptocurrency economy can provide both gamers and investors with new and thrilling experiences.
Final Thoughts: Bullish Close to 2025? $5K ETH and $EV2 Upside Await
Throughout the last months of 2025, Ethereum remains in a range of less than the $3,400 support price, and traders are looking forward to the possibility of a potential breakout. To be fresh, GameFi-style presale offers fresh convexity, making it easy to enter without the grind: early movers will receive 25% staking APYs before mainnet.
Although Ethereum is facing pressure, it appears that $EV2 is a promising project that enables gamers to diversify and invest in the early stages of Web3 projects in the GameFi sector.
EV2 Presale
Disclaimer: This is a sponsored post. CryptoSlate does not endorse any of the projects mentioned in this article. Investors are encouraged to perform necessary due diligence.