What to Expect From Ethereum Price in November 2025
Ethereum (ETH) is coming into November with cautious optimism. The Ethereum worth is up 2.2% weekly however has given up practically 3% in 24 hours, even after the Fed’s charge reduce. October ended on a weak observe with a 6.8% month-to-month loss, however traditionally, November has favored Ethereum — averaging 6.93% month-to-month positive aspects, with final yr’s surge being the standout.
As new on-chain developments kind, all eyes are on whether or not ETH can repeat its sturdy November sample.
History Favors Ethereum, and the Incentive to Sell Is Fading
Ethereum’s November document leans bullish. It has posted common positive aspects of above 6.9% in the previous eight years, with 2024’s 47.4% rally marking considered one of its greatest months on document.
This time, regardless of October’s weak spot, the market construction suggests a possible setup for the same rebound, as one of many promoting incentives retains declining.
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The Net Unrealized Profit/Loss (NUPL) — which gauges whether or not buyers are sitting on earnings or losses — has dipped from 0.43 to 0.39 since October 26, a 9.3% decline. That’s shut to the month-to-month low of 0.38, a degree that beforehand triggered a 13% bounce in the ETH price (from $3,750 to $4,240).
This drop means buyers’ incentive to promote is fading, a typical precursor to worth stabilization. If this historic sample holds, November may mark the purpose the place promoting stress transitions into reaccumulation. But wait, some teams are already accumulating.
November Could Be a Battle Between Whales and Holders
While long-term holders have pulled again, whales are quietly constructing positions.
According to Santiment, wallets holding between 1,000 and 100,000 ETH elevated their stability from 99.28 million to 100.92 million ETH via October — regular shopping for regardless of a 7% month-to-month worth decline. That’s akin to including 1.64 million ETH, value roughly $6.4 billion on the present worth.
Meanwhile, the Holder Accumulation Ratio (HAR) from Glassnode exhibits the other. HAR measures what number of addresses are rising their balances versus these decreasing them — the next studying means extra accumulation, whereas a decrease one indicators promoting stress.
In Ethereum’s case, HAR has dropped since October-end, from 31.27% to 30.45%, exhibiting that long-term holders have slowed down accumulation and are trimming publicity as an alternative.
This divergence means that whales are driving demand, whereas older ETH holders are trimming exposure — a dynamic that might outline ETH’s course in November.
As Shawn Young, Chief Analyst at MEXC, instructed BeInCrypto completely,
“Recalibration into higher-beta belongings is anticipated to speed up as Bitcoin stabilizes above assist. Ether suits this positioning nicely, providing yield-earning potential via staking and powerful upside due to adoption,” he talked about.
That recalibration narrative helps clarify the present cut up — with whales positioning early for progress belongings whereas long-term holders stay cautious. Fundamentally, this displays shifting confidence. Whales are supposedly seeing Ethereum’s staking yield and increasing tokenized infrastructure as causes to accumulate, whereas holders may nonetheless be ready for stronger market affirmation.
If the Holder Accumulation Ratio stabilizes in November, it may sign that retail conviction is catching up to whale confidence, amplifying the impression of this broader recalibration.
Ethereum Price Setup and Technical Outlook for November
On the 2-day chart, ETH shows signs of a hidden bullish divergence — a setup in which the worth makes increased lows whereas the RSI makes decrease lows. Between August 21 and October 28, ETH’s worth shaped the next low, whereas RSI dropped, indicating that sellers are shedding power.
This sample helps the concept whale conviction may overpower near-term weak spot, validating the broader uptrend. Ethereum remains to be up over 5% over the previous three months — a validation of the stated uptrend. Currently, Ethereum trades close to $3,860, dealing with resistance round $4,070 and $4,240.
Young additionally highlights related key zones:
“A break above $4,200 may open the trail towards $4,500–$4,700, whereas rejection might merely delay accumulation,” he highlighted.
These ranges align intently with Ethereum’s present construction, the place $4,240 serves as a crucial affirmation level. An in depth above it may push ETH towards $4,620, marking the higher finish of its long-term channel. That degree additionally places the ETH worth in the vary projected by Young.
He additional defined that the broader setup nonetheless leans constructive regardless of short-term hesitation:
“Either approach, the macro construction seems constructive — the community continues to scale, transaction demand stays sturdy, and staking retains absorbing provide stress,” he additional defined.
Key helps sit at $3,790 and $3,510. Falling under $3,510 would invalidate the bullish bias, however the hidden divergence and whale accumulation level towards a gradual restoration bias heading into mid-November.
The submit What to Expect From Ethereum Price in November 2025 appeared first on BeInCrypto.
