ETH’s Plunge: Long-Term Holders Flee, Bears Roar, and Hope Weeps 😭💸

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Ah, Ethereum, the once-proud stallion of the crypto stables, now reduced to a weary nag, its mane tangled with the tears of long-term holders. Yes, my dear reader, the air is thick with despair as these stalwart souls, who once clung to their ETH like a drowning man to a raft, now cast it aside at a pace not seen since the dark days of 2021. Their daily exodus-45,000 ETH, no less-is a symphony of panic, a ballet of betrayal, a testament to the fragility of hope in this cruel, cruel market. 🌪️💔

  • Ethereum’s price, once a beacon of promise, now slithers downward like a snake shedding its skin, leaving behind only the stench of fear. 🐍
  • CryptoQuant’s futures data, that cold, unblinking oracle, declares the net taker volume still negative-a grim reminder that buyers have fled the battlefield, leaving only the vultures to pick at the bones. ⚰️
  • Technical indicators, those harbingers of doom, align like stars in a cursed constellation, pointing unerringly toward the abyss. The moving averages, once friends, now foes, march in lockstep to the downside, a funeral procession for the bullish dream. ⚰️

Behold, Ethereum trades at a paltry $3,211, a 10% plunge in mere hours. Over the week, it has fallen 4%, and in the past month, a staggering 21%. Its August high of $4,946? A distant memory, a mirage in the desert of despair, now 35% out of reach. Trading volume, however, surges-up 32.7% to $49.6 billion-as if the rats are fleeing the sinking ship with renewed vigor. 🐀⚓

Derivatives, those instruments of madness, see volume rise 27.6% to $139.7 billion, while open interest shrinks 7% to $37.8 billion. Ah, the sweet irony! Traders, once bold, now cower, closing positions like cowards instead of embracing the leverage that once promised untold riches. 🤡💣

The Long-Term Holders: A Tragedy in Three Acts

Glassnode, that chronicler of woe, reports on November 14th that long-term Ethereum holders-those who clung to their ETH for 3 to 10 years-have turned their backs on their beloved asset. Like Judas with his thirty pieces of silver, they sell over 45,000 ETH daily, a pace not seen since February 2021. Their once-unshakable faith now lies in tatters, a cautionary tale for the ages. 🧃💔

Since late August, as Ethereum pulled back from its fleeting glory, these 3-10 year holders have unleashed a torrent of selling, averaging >45K ETH/day (90D-SMA).

The highest spending by these seasoned investors since Feb 2021-a desperate bid to lock in profits or flee the sinking ship. 📉🚢

– glassnode (@glassnode) November 14, 2025

When the faithful abandon their altar, what hope remains? Perhaps ETH needs time to lick its wounds, to find its footing in this unforgiving wilderness. But until then, the bears reign supreme, their roars echoing through the markets. 🐻⚔️

CryptoQuant’s analysts, those grim prognosticators, note that Ethereum’s Net Taker Volume (30-day MA) remains negative. Selling pressure in the futures market has eased since September, but the sellers still hold the upper hand. In past cycles, ETH found its bottom only when this metric turned positive. Until then, expect more sideways shuffling, more downward spirals, more tears. 🌀😢

Technical Analysis: A Requiem for the Bulls

Ethereum clings to life near the lower Bollinger Band on the daily chart, a pitiful sight, like a wounded animal awaiting its fate. The moving averages-10-day, 50-day, 200-day-all align below the price, a death knell for the bulls. The relative strength index, at 34, teeters on the edge of oversold territory, a weak pulse in a dying body. The MACD, negative and unyielding, seals the doom. ⚰️📉

To reclaim glory, ETH must breach the $3,350-$3,400 range, now a fortress of resistance. Fail, and the abyss awaits-$2,850, then $2,700, then perhaps oblivion. But fear not, dear reader, for in the words of the great Dostoevsky himself, “The darker the night, the brighter the stars.” 🌟🌌

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2025-11-14 13:07