ETH Déjà Vu? 2025 Crash Mirrors 2020 Drop — What’s Next for Ethereum’s Price?
Ethereum (ETH) has seen a steep decline over the previous three months, dropping from a high of $4,960 to a low close to $3,000. The transfer resembles the 2020 correction, when the asset fell from $490 to $308 earlier than beginning a serious rally.
Analysts are drawing comparisons between each occasions as ETH begins to recuperate.
Price Drop Matches 2020 Correction
Crypto analyst Galaxy identified that each corrections noticed a drop. In 2020, the value bounced again strongly after hitting a low of $308. In 2025, ETH fell to $3,064 and is now buying and selling above $3,500. Galaxy mentioned the market may very well be repeating the identical sample.
$ETH went trough an identical correction again in 2020.
2020: $490 to $300
2025: $4900 to $3000If you ask me, we’re simply getting began. pic.twitter.com/l0P3SEZvxh
— Galaxy (@galaxyBTC) November 10, 2025
Notably, the important thing help zone is now between $3,000 and $3,100. A transparent maintain above help may result in a powerful restoration, as seen within the earlier cycle.
In addition, Cas Abbé pointed to comparable setups in 2025. Earlier this yr, ETH dropped, then bounced 100%. They imagine the latest transfer in direction of $3,000 might have been one other false breakdown.
Key Support and Resistance Levels
Lark Davis said ETH remains to be holding above a trendline that has supported the value since April. That help line is unbroken, however short-term stress stays. The 20-day EMA is performing as resistance round $3,695. ETH has not but closed above it.
Meanwhile, the MACD indicator is near a bullish cross. Davis mentioned,
“Support vs. resistance vs. momentum – one thing’s about to offer.”
ETH is being squeezed between ranges. A breakout or breakdown may observe quickly, relying on which aspect provides method first.
Whale Activity and Liquidity Targets
Bitcoinsensus shared that ETH reversed rapidly after sweeping lows round $3,350. This transfer might have been pushed by a liquidity seize. The subsequent space of curiosity is close to $4,950, the place there may be resistance and extra liquidity.
PRIME 𝕏 reported that enormous holders started shopping for ETH when the value hit $3,200. If help between $3,000 and $3,400 holds, targets round $4,500 to $4,800 are in play. Whale exercise on this vary might help a continued transfer increased. However, Ali Martinez reported that 23 of the most important ETH whales offered or redistributed holdings over the previous week.
This comes as ETH buying and selling quantity and open curiosity have reached report ranges, as CryptoPotato reported. Some market watchers now say hypothesis is driving costs greater than long-term holding.
Moreover, BitMine additionally released its newest holdings on November 10, 2025. The firm reported 3.5 million ETH valued at $3,639 every, in addition to holdings in BTC and different belongings. The reported place signifies continued institutional publicity to Ethereum regardless of market fluctuations.
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