$ETH Crypto Market Landscape: November 2025 Analysis
1. Market-Wide Decline & Macro Pressure
The total crypto market cap shed nearly $450 billion over one week, according to a KuCoin report. KuCoin+2KuCoin+2
Bitcoin (BTC) tumbled below $94,000, a significant drop from recent peaks. KuCoin
Ethereum (ETH) has also seen steep declines, sliding more than 39% from its highs. KuCoin+1
Sentiment indicators, like the Crypto Fear & Greed Index, are showing “extreme fear,” reinforcing the cautious mood. KuCoin
Broader economic headwinds are contributing: geopolitical uncertainty, rising tariffs, and central bank policy concerns are all pressuring risky assets, including cryptocurrencies. Barron's+1
2. Key Levels to Watch
For Bitcoin, analysts highlight the $98,000 level as critical support. A drop below could open the door to further declines. Barron's
On the upside, a recovery may require a strong break above short-term resistance — only then could buyers re-enter with conviction.
For Ethereum, technical forecasts suggest a possible rebound if it can clear resistance in the $3,500–$3,600 range. BiteMyCoin
3. Institutional Moves & On-Chain Activity
Strategy (formerly MicroStrategy) continues accumulating BTC: the firm bought 487 BTC (~$49.9M) in a recent dip. KuCoin
On the Ethereum front, institutional players like BitMine significantly boosted their ETH reserves, bringing their total holdings above 3.5 million ETH. KuCoin
Meanwhile, inflows into U.S. crypto ETFs remain mixed: Bitcoin ETFs saw some positive momentum recently, while Ethereum-related ETFs continue to experience outflows. Small Cap Network
🔭 Final Thoughts
Crypto markets are at a crossroads. The recent drop is more than just a technical correction — it’s being driven by macro stress, institutional repositioning, and changing investor sentiment. Whether this becomes a durable bottom or a gateway to deeper losses depends heavily on both macroeconomic developments and how bullish players behave. For now, caution seems warranted.