Ethereum Price Dips Amid Bearish Technical Signals as Institutional Accumulation Continues

On November 16, 2025, the price of Ethereum (ETH) registered a daily decline of 3.35% in US market trading, settling at $3,055.16. The trading range for the session was relatively narrow, moving between a high of $3,243.42 and a low of $3,031.90.

This short-term selling pressure contrasts with significant underlying fundamental activity. Large holders, or "whales," absorbed approximately $1.37 billion worth of ETH over the first three days of November, following a correction of more than 12% from the prior monthly peak. This accumulation suggests strong conviction among major holders regarding the asset's valuation at lower price points.

A notable institutional development occurred on November 13, 2025, when 21Shares launched two crypto index funds in the US, the 21Shares FTSE Crypto 10 Index ETF (TTOP) and the 21Shares FTSE Crypto 10 ex-BTC Index ETF (TXBC). These funds operate under the regulated framework of the Investment Company Act of 1940 and explicitly include Ethereum alongside Solana and Dogecoin, providing a regulated avenue for broader digital asset exposure beyond Bitcoin. 21Shares, a global crypto asset manager with over 55 products, continues to advance product innovation at the intersection of traditional finance and digital assets.

Technically, the market is signaling caution. The Relative Strength Index (RSI) was positioned at 34.23, nearing the oversold territory, while the Moving Average Convergence Divergence (MACD) confirmed bearish momentum with a reading of -204.89. Furthermore, the ETH price was trading close to the lower boundary of the Bollinger Band, estimated near $2,976. Broader technical analysis indicated a strong overall sell rating for ETH/USD, with moving averages showing seven sell signals against five buy signals.

The market faces a tension between long-term fundamental catalysts and immediate technical conditions. While technical indicators suggest ongoing bearish pressure, the significant whale accumulation and the regulatory legitimization provided by the 21Shares ETF launches point toward sustained institutional interest. This situation highlights the current market dilemma: whether the institutional fundamental catalysts will overcome the short-term bearish momentum as the price approaches critical technical support levels.