$ETH Short-Term Analysis (Very Short Version)

**Current Status (Nov 17, 2025):** ETH trading around $3,181, up ~0.2% in the last 24h despite broader market caution, with a recent low near $3,007. Market cap: ~$384B. Daily volume: ~$34B. Circulating supply: ~120.7M ETH (no max supply).

**Demand Level:** Moderate (5/10) – Institutional ETF activity mixed with $9.6B Q3 inflows but recent $107M single-day outflows (late Nov) and $219M on Nov 4 signaling profit-taking; whale accumulation strong (800K ETH hoarded in a week), DeFi/staking demand rising, and Fusaka upgrade hype boosting sentiment. Retail caution high (Fear & Greed: 10/100, extreme fear).

**Supply Level:** Low (3/10) – Deflationary post-upgrades with reduced issuance; staking locks ~30% of supply, ETF absorption tightens liquidity, and minimal miner pressure as network efficiency improves.

**Key Drivers:**

- **Bullish:** Fusaka upgrade (Nov 2025) for 8x data capacity, historical Nov strength (+2.2% weekly avg), and RSI at 34 (neutral, oversold rebound potential); support at $3,150–$3,200 holds.

- **Bearish:** ETF outflows, weakening short-term MAs (50-day falling), and BTC correlation dragging (26 bearish vs. 8 bullish signals); resistance at $3,400.

**Very Short Prediction:** Neutral-bearish. Expect consolidation at $3,150 support; break below risks $3,050, but upgrade catalyst could rebound to $3,400 by Nov 24. Targets: $3,870 (end-Nov upside on inflows), $3,050 (pessimistic low). Long-term hold; dip-buy below $3,150.

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