Ethereum holds above $3,300 as ETFs record sixth straight outflow (~$938M); BlackRock transfers ~57,455 ETH (~$195M) to Coinbase amid whale buying

first published 2025-11-06T11:53:22Z

Ethereum traded near $3,388 after falling ~14% for the week. On Nov. 5 ETH ETFs saw a sixth consecutive net outflow day (‑$119M), totaling over $938M across the streak; BlackRock’s ETHA led withdrawals (‑$147M) while Grayscale’s NYSE ETH saw $24M of inflows. On-chain tracker Lookonchain reports whales bought ~394,682 ETH (~$1.37B) over three days. Analysts flag key support near ~$3,100 with upside retest targets ~$3,750–$4,250 if ETF sentiment and on-chain buying stabilize, or downside to ~2,900 if outflows resume.

AI Analysis

Six consecutive ETF outflow sessions totaling >$938M and a $119M outflow on Nov. 5 are concrete negative drivers; price is down ~14% for the week. Countervailing on-chain data: Lookonchain reports whales purchased ~394,682 ETH (~$1.37B) over three days, a sizable accumulation that supports potential short-term stabilization. Analysts identify clear near-term support (~$3,100) and asymmetric scenarios, giving this mixed but actionable signal for short-term traders.

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