ETH (Ethereum) fell by 3.66% in 24 hours according to Gate News Bot on November 3. As of the time of writing, ETH (Ethereum) is currently priced at $3756.35, down 3.66% in the past 24 hours, with a high of $4250.67 and a low of $3681.91. The 24-hour trading volume reached $29.533 billion. The current market capitalization is approximately $453.384 billion, a decrease of about $17.22 billion from yesterday. Ethereum is a leading innovative application and blockchain network platform. It provides infrastructure for decentralized applications (DApps) and smart contracts, supporting a variety of application scenarios including finance, gaming, and social. The Ethereum ecosystem has the largest blockchain developer community, building applications using JavaScript, Python, or specialized smart contract languages like Solidity and Vyper. Recent important news for ETH: 1️⃣ Large transactions are active, and institutional investor movements are significant. An ETH whale deposited 3000 ETH (worth about $11.17 million) into a centralized exchange after holding for 2.5 months, realizing a profit of $14.76 million. Meanwhile, another address withdrew 20021 ETH (about $78.15 million) from the exchange, possibly to repay Aave loans. These large transactions reflect that institutional investors are actively adjusting their ETH holding strategies. 2️⃣ The Layer 2 ecosystem continues to develop. The total value locked (TVL) in Ethereum Layer 2 has reached $41.43 billion, with Arbitrum One, Base, and OP Mainnet locking $17.09 billion, $15.22 billion, and $2.97 billion respectively. The continued growth of Layer 2 solutions indicates that the scalability of the Ethereum network is continuously improving, laying the groundwork for broader application adoption in the future. 3️⃣ NFT market trading volume has declined. This week, NFT trading volume was approximately $95.8 million, down 30.73% from last week. Among them, Ethereum network trading volume reached $40.28 million, up 12.94% from the previous week. Despite the overall market trading volume declining, Ethereum still maintains a dominant position in the NFT space, demonstrating its continued appeal in the digital art and collectibles market. From a technical perspective, ETH is currently fluctuating within the range of $3750-$3900. The overall market is showing a consolidation trend, and some analysts expect ETH to maintain this trend until the end of November, with the potential for new upward momentum in December. This message is not investment advice; investors should be aware of market volatility risks.