ETH Dips to $3,200 on Holder Selling Frenzy, Whales Defy Losses—$EV2 Presale Ignites Gaming Rally

Ethereum struggled to recover its recent high, and the price fell below 3200. However, the trend is down, and whales are on the 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 outlook, with some predicting that it could potentially rally to the $5,000 level by the end of 2025. As Ethereum consolidates, investors are looking at the next big opportunity, and Earth Version 2 ($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 new downside risks after the price fell below $3,400. The token is currently priced at $3,211, representing a 10% decrease in the last 24 hours and a 21% decrease in the past month. However, a whale 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 the exchange offer falls with 700,000 ETH retired little time

The technical indicators show a falling wedge pattern, with the MACD close to 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 grew, with a volume of 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 increase sales

According to a post of November 14 on X from Glass nodelong-term Ethereum holders have increased their selling activity over the past three months. Addresses holding ETH from 3 to 10 years have moved or sold an average of more than 45,000 ETH per day, based on the 90-day trend. This is the highest level of spending by this group since February 2021.

When long-term holders sell at this rate, it is typical when they decide to lock in profits or limit their exposure after a big rally. This could mean that ETH may need more time to stabilize before buyers step in again with confidence.

CryptoQuant analysts too note that Ethereum’s Net Taker Volume (30-day MA) is still negative. The selling pressure in the futures market has decreased compared to September, but the sellers are still stronger than the buyers.

In past market cycles, ETH only found a bottom after this metric was 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-profile projects. Among the first pre-sales of November, Earth Version 2 ($EV2) is the top game token.

EV2 is a sci-fi-based multiplayer online role-playing game that allows players to engage in various types of combat in a single game, including Survival Match, a free-to-play, high-stakes mode.

Players earn shiny cubes as they fight for precious relics, and every moment in the game is exciting and rewarding. The game integrates blockchain with traditional gaming, allowing players to have real ownership of 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 enter before the project is listed on the public exchanges.

The presale allows payments through ETH, USDT, BTC, and even credit cards, making it accessible to traditional gamers unfamiliar with cryptocurrency. What sets $EV2 apart is its focus on sustainability, combining DeFi and ReFi principles so that player rewards contribute positively to the environment. This is not only entertainment, but an investment in the Web3 space.

$EV2 owns open tokenomics, which is a big attraction for investors looking for transparent and fair economic models. This predetermines the uniqueness of the offer in the gaming sphere, where the duality of in-game bonuses and cryptocurrency economy can provide gamers and investors with new and exciting experiences.

Final Thoughts: Bullish Near 2025? $5K ETH and $EV2 Upside Await

In the last months of 2025, Ethereum remains in a range of less than the support price of $3,400, and traders are waiting for the possibility of a potential breakout. To be cool, the GameFi-style presale offers a cool convexity, making it easy to enter without the grind: the first moves will receive 25% APY staking before mainnet.

Although Ethereum is under pressure, it seems that $EV2 is a promising project that allows gamers to diversify and invest in the early stages of Web3 projects in the GameFi sector.

Presale EV2

Disclaimer: This is a sponsored post. CryptoSlate does not support any of the projects mentioned in this article. Investors are encouraged to perform due diligence.