- Ethereum falls under key supports, sparking bear market fears.
- Institutional withdrawals and liquidations compound market stress.
- Fed signals impact global risk appetite and crypto sentiment.
Ethereum has dropped below crucial support levels amid growing downside pressure, marking signs of a bear market phase. Major liquidations and ETF withdrawals contribute to this decline, alongside a broader market retreat impacting correlated assets like BTC and SOL.
The significant price drop in Ethereum matters as it signals broader economic caution, potentially influencing global crypto sentiment and trading behaviors.
Market Analysis
Major support levels for Ethereum, notably $3,100 and $3,000, have been breached, fueling sell-offs. Institutional investors like BitMine face paper losses, while ETF outflows of $728 million suggest eroding market confidence.
Vitalik Buterinโs silence on recent events leaves markets speculating:
No direct public statement or official blog post from Vitalik Buterin addressing this latest downturn is found in official channels as of November 21โ22, 2025.
Meanwhile, Arthur Hayes sold 1,480 ETH, intensifying fears of further declines. The Federal Reserveโs commentary affects global risk appetites.
The impact extends to widespread liquidations, especially among altcoins, with Solana and Dogecoin experiencing significant losses. These ripple effects are causing market doubt on future Ethereum recovery.
Institutional Moves and Liquidations
Increased sell-offs have resulted from institutional ETF redemptions and exchange outflows. The historical precedent of leveraged liquidations exacerbates the marketโs bearish sentiment, invoking previous cycle volatility.
Potential outcomes include shifts in institutional investment strategies and regulatory responses. Past trends suggest that Ethereumโs present plunge could either stabilize or prolong current bearish tones in the crypto market.
Arthur Hayes, former BitMEX CEO, remarked:
Offloaded 1,480 ETH, sparking speculation that influential traders may be bracing for a deeper downside.
The Federal Reserve Chair, Jerome Powell, adds to the implications:
About the author
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