Here’s a current snapshot of $ETH as of November 15, 2025 — including price action, underlying fundamentals, positive signals and key risks. Note: This is not investment advice.
What’s working in $ETH favour
1. Supply on exchanges is dropping — A notable amount of ETH is moving off centralized exchanges into self-custody or staking. That tends to reduce available liquid supply, which could be a bullish sign if demand holds.
2. Long-term structural uses — Ethereum remains a leading platform for smart contracts, DeFi, NFTs, layer-2 solutions and more. That gives it a foundational role in the crypto ecosystem, beyond just speculative value.
3. Potential reversal setups emerging — Some technical analyses show bullish chart patterns forming (e.g., a “bullish harami” after a drop) which may hint at a bottoming process, though not yet confirmed.
What’s weighing on Ethereum
1. Price under pressure / broken structure — ETH has recently fallen ~7-8% in a week, and broke a multi-month ascending trendline. Trend is turning more defensive.
2. Large outflows and weak short-term fundamentals — Spot $ETH ETFs
in the U.S have seen significant net outflows (~US$1.4 billion since late October) and network metrics such as monthly active addresses and fees are falling.
3. Whale behaviour is cautious — Though supply on exchanges is falling, large holders (10k+ ETH) are reducing holdings, which adds a layer of uncertainty to the bullish narrative.#MarketPullback #CryptoIn401k #PowellWatch