The post Major Trendline Lost And Liquidity Targets Shift Toward $3,000 appeared com. Ethereum breaks below its multi-month ascending trendline and falls under the 20, 50 and 100-day EMAs. Coinglass data shows $154. 2M in outflows, signaling active distribution and weak buyer defense. Liquidity heatmaps show price magnet near $3,000-$2,800, forming the next major downside target. Ethereum price today trades near $3,325 after losing its multi month trendline and slipping below the 20, 50 and 100 day moving averages. The breakdown shifted momentum to sellers and opened the door toward the high liquidity zone around $3,000 to $2,800, an area highlighted by market structure, historical demand, and recent liquidity heatmaps. On November 5, Ethereum recorded $154. 2 million in net outflows, signaling active distribution as tokens moved from wallets to exchanges. Outflows of this size typically indicate profit taking or preparation for selling, not accumulation. Looking at the broader flows over the last month, red bars dominate the netflow heatmap. This means exchanges have repeatedly received more ETH than they have sent out, a persistent trend that historically aligns with short term price weakness. When flows turn positive and inflows shift to withdrawals, traders gain confidence that accumulation is underway. For now, there is no such evidence. The data confirms that holders are not stepping in to defend the recent breakdown. For five months, every dip toward this trendline produced a reaction and higher low. Losing this structure signals that the trend has shifted from controlled pullbacks to a full breakdown. The breakdown forced price under the 20, 50 and 100 day EMAs in a.
