$ETH November 2025 Crash –
- **Price**: Started ~$3,900 → crashed to $2,671 (Nov 21) → now ~$2,800
→ **-30% in 3 weeks**, worst month of 2025
- $ETH **Main Reasons**:
1. Record ETH ETF outflows ($1.5B+)
2. Whale + long liquidations ($3B+ wiped)
3. Macro risk-off (Trump trade fears, Fed pause, tech sell-off)
4. Leverage flush + negative funding rates
- **Technicals**:
- Broke $3,000 support, now in descending channel
- RSI 31 (oversold), MVRV -13%, NUPL in capitulation
- Next support $2,550–$2,700; resistance $3,000–$3,200
- **Quick Outlook**:
- Short-term: bounce likely, but weak above $3,200 = more downside
- End-2025: $3,200–$3,800 realistic if macro stabilizes
- Extreme fear = typical bottom signal (similar to past cycles)
Capitulation phase. Strong hands accumulating, weak hands gone.$ETH
