Ethereum price analysis indicates huge market activity as investors respond to recent volatility. Ethereum (ETH) saw a steep 12.26% drop to under $3,800 on October 11, 2025, after a $330 million short position before major economic news reached the market. This report examines the effect of whale action and overall market trends.
Ethereum Price Trends
The value of Ethereum dropped sharply as part of a wider market drop, with more than $13 billion erased from the crypto market within 24 hours alone. Even with this decline, Ethereum leads the decentralized finance (DeFi) space by total value locked (TVL), with $83.679 billion, more than twice that of nearest rivals Aave and Lido.
The sudden price decline followed after markets were shocked by the revelation by the ex-President Donald Trump of fresh tariffs against China. The price of ETH fell by up to 16% during the day, although the market appears to be catching some relief at the around $3,820 mark based on the latest trading volumes.
Whale Accumulation Indication of Recovery
In the midst of all this noise, Ethereum has seen interest from whales and institutions. Whales are accumulating ETH, which could be a sign of a bright future even in the face of recent market volatility. Two BitMine wallets withdrew 33,323 ETH worth around $126.4 million from exchanges, indicating a long-term hold plan.
This whale activity is during the time the market is experiencing mounting trading volume, increasing by 196.64% to $120.47 billion in the same time frame. The crossing of whale attention would be a sign of faith in Ethereum’s underlying infrastructure.
Market Resilience Amid Challenges
Despite the volatile market atmosphere, Ethereum’s ecosystem turns out to be strong. The recent short position, which caused panic selling, failed to dismantle the larger DeFi ecosystem. Instead, Ethereum’s grip on the sector has become tighter, highlighting its strength against outside shocks.
Markets now look forward to the closing of the daily candle at $3,815. Such a close above it would be a sign of the revisit of the $4,000 level, rekindling buying pressure. But the current trading volume is low, which means big price action won’t be due in the near term.
