Ethereum News Update: Ethereum’s Unsteady Recovery: Weighing Optimism Against Ongoing Downward Pressures

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Ethereum News Update: Ethereum’s Unsteady Recovery: Weighing Optimism Against Ongoing Downward Pressures

Bitget-RWA2025/11/17 04:26

By:Bitget-RWA

- Ethereum rose 2.36% to $3,533 on Nov 13, 2025, with $37B trading volume, showing a rebound from $3,373 lows amid crypto market volatility. - Technical analysis warns of fragile recovery, with key support at $3,053 holding but bearish signals from MACD and a broken upward channel. - Broader crypto pressure persists as Bitcoin and Ethereum ETFs face outflows, while macroeconomic uncertainties like U.S. government shutdown risks dampen institutional participation. - Analysts advise caution below the 200-day

Ethereum market observers have spotted preliminary indications of a possible recovery, even as uncertainty persists regarding leadership within the wider cryptocurrency landscape. As of November 13, 2025, Ethereum was valued at $3,533, reflecting a 2.36% rise over the previous day and a 24-hour trading volume of $37 billion,

as reported by Business Standard

. This comes after a swift bounce back from a low of $3,373 earlier in the week, pointing to renewed interest from investors despite ongoing market turbulence

according to the same source

Still, technical experts warn that Ethereum’s upward move is on shaky ground.

Ethereum News Update: Ethereum’s Unsteady Recovery: Weighing Optimism Against Ongoing Downward Pressures image 0

The price has slipped out of an ascending channel established in April 2025, introducing a bearish tone to the daily chart. A crucial support at $3,053—tested on November 4—has held so far, but further drops could push the price to challenge the $3,057 support

based on technical analysis

. “The market is trying to find its footing,” one analyst remarked, highlighting the need for vigilance as

Ethereum

trades beneath important moving averages, such as the 200-day EMA at $3,584

according to market statistics

Across the broader crypto sector, downward pressure persists, with both institutional and retail interest remaining muted.

Bitcoin

ETFs have experienced notable withdrawals, with U.S.-listed spot ETFs seeing $870 million in outflows on November 7 alone,

as per SoSoValue data

. Ethereum ETFs followed suit, posting $260 million in outflows that same day

according to the same data

. Meanwhile, retail enthusiasm for altcoins such as

XRP

remains subdued, with futures open interest stuck at $3.78 billion as of November 8

based on market analysis

Despite these challenges, some market watchers believe Ethereum’s price movement could present opportunities. The recent bounce from $3,373 hints at a potential double-bottom pattern, though a drop below $3,053 may lead to further declines toward $3,057

according to technical analysis

. On the institutional front,

the lack of a decisive leadership theme

in the market has made investors reluctant to take new positions. “Until macroeconomic issues such as U.S. government shutdowns and yield stability are resolved, it’s best to keep exposure limited and hedged,” one strategist recommended

as noted in market reports

Ethereum’s technical picture is further muddled by mixed signals from major indicators. While the RSI has dropped to an oversold level of 33,

the MACD has shown a bearish trend since early November

, indicating ongoing selling pressure. A move above the 200-day EMA at $3,584 could revive bullish sentiment, but experts emphasize the need to

confirm any breakout with strong and consistent trading volume

As the market navigates these uncertain conditions, the outlook will depend on greater macroeconomic clarity and renewed institutional engagement. “Crypto has made meaningful strides this year, but with prices still 32% below the August peak of $4,950, patience remains essential,” one analyst observed

according to technical analysis

. For now, Ethereum traders are encouraged to keep a close eye on support and resistance levels and consider strategies like dollar-cost averaging to manage volatility

based on market analysis

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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