ETH’s 2025 Meltdown: 2020’s Shadow or a New Catastrophe? 📉💸

by

Oh, the irony! Ethereum (ETH) has taken a rather dramatic dive over the past three months, plummeting from a lofty $4,960 to a modest $3,000. One might say it’s reliving the 2020 debacle, when the asset tumbled from $490 to $308 before, mercifully, staging a rally. A charming recurrence, if one enjoys the thrill of financial despair.

Analysts, ever the optimists, are already drawing parallels between these two calamities, as though the market were a particularly unoriginal scriptwriter. One can almost hear them whisper, “This is just the beginning of the fun!”

Price Drop Matches 2020 Correction

Crypto analyst Galaxy, that paragon of financial wisdom, notes that both corrections saw a drop. In 2020, the price bounced back with the resilience of a particularly stubborn caterpillar. In 2025, ETH fell to $3,064 and is now trading above $3,500. Galaxy, ever the visionary, suggests the market could be repeating the same pattern. How thrilling!

$ETH went through a similar correction back in 2020.

2020: $490 to $300
2025: $4900 to $3000

If you ask me, we’re just getting started.

– Galaxy (@galaxyBTC) November 10, 2025

Notably, the key support zone is now between $3,000 and $3,100. A clear hold above this fragile barrier could lead to a recovery so robust, it might make a Victorian society lady faint. As seen in the previous cycle, of course.

In addition, Cas Abbé pointed to similar setups in 2025. Earlier this year, ETH dropped, then bounced 100%. They believe the recent move towards $3,000 may have been another false breakdown. How delightfully misleading!

Key Support and Resistance Levels

Lark Davis, that stalwart of market analysis, said ETH is still holding above a trendline that has supported the price since April. That support line is intact, but short-term pressure remains. The 20-day EMA is acting as resistance around $3,695. ETH has not yet closed above it. A most tantalizing tease.

Meanwhile, the MACD indicator is close to a bullish cross. Davis said,

“Support vs. resistance vs. momentum – something’s about to give.”

ETH is being squeezed between levels. A breakout or breakdown could follow soon, depending on which side gives way first. How suspenseful!

Whale Activity and Liquidity Targets

Bitcoinsensus shared that ETH reversed quickly after sweeping lows around $3,350. This move may have been driven by a liquidity grab. The next area of interest is near $4,950, where there is resistance and more liquidity. A veritable goldmine for the bold.

PRIME 𝕏 reported that large holders began buying ETH when the price hit $3,200. If support between $3,000 and $3,400 holds, targets around $4,500 to $4,800 are in play. Whale activity in this range may support a continued move higher. However, Ali Martinez reported that 23 of the largest ETH whales sold or redistributed holdings over the past week. A masterclass in short-term thinking, no doubt.

This comes as ETH trading volume and open interest have reached record levels, as CryptoPotato reported. Some market watchers now say speculation is driving prices more than long-term holding. A curious development, akin to a society ball where everyone’s dancing but no one’s actually listening to the music.

Moreover, BitMine also released its latest holdings on November 10, 2025. The company reported 3.5 million ETH valued at $3,639 each, as well as holdings in BTC and other assets. The reported position indicates continued institutional exposure to Ethereum despite market fluctuations. A daring gambit, or perhaps a love letter to the market’s capriciousness.

Read More

2025-11-11 12:47