Ethereum Price Prediction: Major Trendline Lost And Liquidity Targets Shift Toward $3,000

Ethereum price today trades near $3,325, losing its multi-month trendline and slipping below the 20, 50, and 100-day moving averages. The breakdown has shifted momentum to sellers, opening the door toward the high liquidity zone around $3,000 to $2,800. This critical area has been highlighted by market structure, historical demand, and recent liquidity heatmaps. The price action suggests increased pressure towards these levels.

ETH Netflows (Source: Coinglass) highlight why the decline accelerated. On November 5, Ethereum recorded $154.2 million in net outflows, signaling active distribution as tokens moved from wallets to exchanges. Such outflows typically indicate profit-taking or preparation for selling, not accumulation.

Over the past month, spot flow data reveals a dominance of red bars on the netflow heatmap, meaning that exchanges consistently received more ETH than they sent out. This trend aligns with short-term price weakness. For now, there is no evidence of accumulation, as holders are not stepping in to defend recent breakdown levels.

ETH Price Dynamics (Source: TradingView): Ethereum has decisively broken below a major ascending trendline that sustained its price since May. Every previous dip toward this trendline produced higher lows, but losing this structure signals a shift from controlled pullbacks toward a full breakdown.

The price also slipped below the 20, 50, and 100-day EMAs, which now act as a ceiling between $3,600 and $3,900. Sellers have repeatedly rejected attempts to breach this zone. Until Ethereum closes above these moving averages, the price structure remains bearish.

According to a liquidity map shared by market analyst Ted (@TedPillows), Ethereum has a major liquidity cluster between $2,800 and $3,000. Liquidity, especially after a breakdown, often acts as a magnet for price.

On the upside, the next significant liquidity pocket lies above $4,000. For Ethereum to reach this zone, it would need to reclaim the current EMA ceiling with strong volume and inflows—neither of which are present now. This pattern is consistent with typical range breakdowns: sweep downside liquidity, form a base, and only then attempt a reversal.

ETH Short-Term Price Action (Source: TradingView): On the 30-minute chart, Ethereum tried a relief bounce following the selloff but failed to reclaim the session VWAP. VWAP now acts as a dynamic ceiling, rejecting every attempt to trade above it. When price stays below VWAP, it signals that sellers are dominant and buyers are underwater.

While the bounce off the $3,175 wick indicates some demand, the recovery lacks strength. Each pullback toward short-term support levels faces rejection. The RSI reflects this weakness, failing to hold above 50 after briefly exiting oversold territory. Such behavior suggests that any rallies are corrective and not indicative of a trend reversal.

Ethereum sits at a critical juncture:

• Bullish case: A reclaim of $3,600 to $3,900 and a close above the moving averages could resume the uptrend toward $4,000 and higher liquidity levels.
• Bearish case: A failure to overcome resistance points to deeper downside. If Ethereum falls below $3,000, the price could test $2,800 liquidity levels.

The market awaits a decisive movement as holders and traders assess the outlook.

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