Tue Nov 18 08:40:00 UTC 2025: ## Crypto Trader Throws in the Towel as Ethereum Falters Amid ETF Outflows
New York, NY – A prominent crypto trader has declared their exit from the cryptocurrency market, citing a disappointing performance from Ethereum (ETH) and broader market concerns. The move comes as ETH dipped below $3,100 on Sunday, marking its lowest point since early November, amidst a wider crypto market pullback.
“That’s it. I’m done,” the trader lamented, expressing frustration with the perceived lack of momentum in the current bull market and unmet price predictions. They further criticized the prevalence of “casino 1000x tokens” over projects with genuine long-term potential.
The price drop coincides with a worrying trend of increasing redemptions from spot Ethereum ETFs. Investment manager Timothy Peterson highlighted that these ETFs have seen net outflows in four of the past five weeks, totaling approximately 7% of cost-basis capital. This metric, which tracks the departure of original capital invested in the ETF, suggests a weakening conviction among long-term ETH holders.
Data from CoinGecko shows ETH down 11 percent in 24 hours, while DeFi Llama reported a 2.1 percent decrease in Total Value Locked (TVL) within the Ethereum ecosystem this week. Elevated long-term yields, as indicated by FRED (Federal Reserve Economic Data), continue to restrain risk assets, further impacting the crypto market.
Despite these challenges, ETH continues to trade above its 200-day moving average near $2,550, a level historically considered a cycle support zone. Technical analysis suggests the price is currently locked within a narrowing falling wedge pattern, often preceding an upside breakout. A decisive break above $3,350 could signal a trend reversal, while failure to do so risks a retest of the $3,000 level.
“Ether slipping under $3,100 says more than a bad trading day,” noted Isaiah Mccall from 99bitcoins.com, author of the original article. “ETF outflows, shaky macro signals, and stubborn resistance have all piled onto the chart at the same time.”
The situation highlights the challenges Ethereum faces, despite its underlying technology and potential. Whether this dip represents a temporary setback or a more significant shift in sentiment remains to be seen. As the disgruntled trader suggests, this could be the perfect opportunity for a competing project to supplant Ethereum, but the deeper indicators still hint at solid long term value.
First Piper 