Ethereum News Update: Ethereum Challenges $2,800 Support Level—Is This a Liquidity Rebalance or the Start of a Longer Decline?

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Bitget-RWA2025/11/21 05:08

By:Bitget-RWA

- Ethereum stabilizes near $2,800 support, with analysts suggesting potential bottoming after recent volatility. - Market turbulence sees ETH under $2,900, but record staking activity and institutional buying highlight resilience. - On-chain liquidity patterns mirror past reversals, though delayed recovery risks prolonged stagnation. - Extreme fear index (15/100) and $1B+ liquidations signal bearish control, yet key support holds for potential rebound.

Ethereum (ETH) seems to be finding stability at crucial support points, with market experts and traders indicating that the asset may have reached its lowest point near the $2,800 mark. One trader identified this region as significant, pointing out that

if the 2,800-2,950 zone is breached, it could indicate a breakdown

in ETH’s overall upward trend. Analyst Matt Hughes shared a similar perspective, highlighting that ETH’s recent dip to about $2,870 matches previous volatility trends and falls within the expected range for crypto markets

based on his analysis

Despite this, the wider market remains highly volatile.

Bitcoin

(BTC) and other leading digital assets have experienced steep drops, with

BTC

falling below $86,000 and

ETH

slipping under $2,900.

Technical analysis points to oversold conditions

for both cryptocurrencies. According to JPMorgan analysts, much of the recent downturn is due to retail investors withdrawing $4 billion from spot BTC and ETH ETFs in November—a pattern that differs from the broader risk-asset landscape, as equity ETFs attracted $96 billion in new investments during the same month

as per JPMorgan’s findings

. This contrast underscores that many retail investors still view crypto and stocks as separate asset classes.

Ethereum News Update: Ethereum Challenges $2,800 Support Level—Is This a Liquidity Rebalance or the Start of a Longer Decline? image 0

Even with the recent selling pressure, Ethereum’s core metrics remain strong. Staking reached an all-time high in November 2025,

with more than 33 million ETH staked in contracts

. This increase in staking demonstrates ongoing faith in the network’s future, despite short-term price swings. Institutional investors are also accumulating, with companies such as BitMine Digital recently purchasing $72.5 million worth of ETH

according to the latest updates

On-chain liquidity patterns provide further insight into the bearish outlook. Altcoin Vector observed that

ETH’s liquidity reset is mirroring trends

seen during previous major market reversals. However, if liquidity takes longer to recover, it could extend the period of stagnation and add to the asset’s structural risks.

The crypto fear and greed index is currently at 15 out of 100,

a level not seen since April

before BTC surged past $100,000. Derivatives data reveals

more than $1 billion in leveraged futures were liquidated

within a single day, with most losses coming from long positions. Perpetual funding rates are still slightly positive for the majority of tokens, indicating that bearish sentiment remains dominant.

Although Ethereum’s short-term direction is still unclear, some experts believe the market could be set for a recovery. Should liquidity stabilize and ETH move back above important resistance levels, the asset may enter a new growth phase. For now, traders are monitoring the $2,800 support area and overall market mood for any signs of a turnaround.

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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