Ethereum tests key support at $3,450 amid market uncertainty, while ETF outflows hit $107M ahead of the Fusaka upgrade.
Ethereum’s price has recently tested crucial support levels around $3,450, with traders focusing on its ability to hold above $3,400. The cryptocurrency has faced significant downward pressure in recent days, causing concern among investors.
However, as Ethereum hovers above the critical $3,400 mark, the question arises: can the bulls defend this key support level? Much will depend on the broader market dynamics and upcoming events, such as Ethereum’s Fusaka Upgrade.
Ethereum Tests Key Support at $3,450
Ethereum’s price recently dropped below the $3,550 support level, and it is now testing the $3,450 zone. This level is seen as a crucial point for maintaining upward momentum.
If Ethereum can hold above $3,450, the bullish outlook may remain intact. However, if the price continues to struggle, the next key support level at $3,300 could come into play.
$ETH has lost another key support level.
The next major support is around the $3,300 level, and if it fails to hold, Ethereum could make a new monthly low. pic.twitter.com/Q2iDX84cSK
— Ted (@TedPillows) November 12, 2025
Traders are closely watching these levels as any break below $3,450 could signal further declines.
Ethereum has experienced some volatility recently, with significant pullbacks causing concern. However, the market remains hopeful that the support at $3,450 will hold, allowing Ethereum to recover.
Meanwhile, the broader market is watching the U.S. House of Representatives’ vote, which is set to end the longest government shutdown in history.
The resolution of the shutdown could restore investor confidence and trigger a market rebound. If this happens, Ethereum’s price could see a positive shift.
ETH ETFs Face $107 Million in Outflows
Ethereum’s spot exchange-traded funds (ETFs) have recently experienced significant outflows, totaling $107 million. This decline in investor interest has raised some concerns about the short-term prospects of Ethereum-based financial products.
Interestingly, all nine Ethereum ETFs in the market have seen no inflows during this period. This shift in investor behavior reflects caution amid uncertain market conditions.
Despite the large outflows, the total net assets of these ETFs still stand at over $22 billion. However, the lack of new investments suggests that many investors are waiting for clearer market signals before committing capital.
As Ethereum’s price tests key support levels, these ETF outflows highlight the cautious sentiment among institutional investors.
The recent outflows from ETH ETFs align with the broader market uncertainty. Investors are likely waiting for more stability in Ethereum’s price action before making further moves.
The ongoing price tests could influence whether investors return to these financial products in the near future.
Can Ethereum Bulls Defend the $3,400 Support?
Ethereum’s price has been hovering around the $3,400 level, testing its resilience.
The cryptocurrency has shown some weakness in recent days, with a declining trend according to the MACD indicator. This suggests that selling pressure is still present in the market.
For ETH to maintain its bullish outlook, the bulls need to defend the $3,400 support level.
If Ethereum holds above this support, it could attempt to reach the $3,500 level again.
Overcoming this resistance would signal a potential shift in momentum and a more bullish trend. However, if the price falls below $3,400, the next key support level of $3,300 will be in focus.
Traders are watching closely to see how ETH reacts to these levels in the coming days. The $3,200 level is another critical point that could indicate further losses if broken.
Overall, Ethereum’s price movement will depend on how it manages to navigate these key support and resistance zones.
As Ethereum approaches critical price levels, investors are paying attention to any signs of recovery or further decline. The coming days could be pivotal for determining whether Ethereum maintains its upward momentum or experiences additional downward pressure.
