Ethereum ($ETH) Crypto Forecast: Down 8.6% Today

What is Ethereum?

Ethereum (ETH) is a popular cryptocurrency token known for its smart contract functionality and decentralized applications. The overall cryptocurrency market experienced a bearish movement today, with significant sell-offs across major tokens like Bitcoin, Ethereum, and XRP.

Why is Ethereum going down?

ETH crypto is down 8.6% on Nov 21, 2025 13:41

• Ethereum (ETH) saw a significant drop below $2,900.
• The downturn in the market was exacerbated by approximately $2 billion in liquidations involving different cryptocurrencies.
• A mention by Fundstrat's Tom Lee suggested a 'software bug' may have been responsible for the crash, sparking discussions on the root cause of the decline.
• While there were positive efforts such as MEXC's Ethereum Eco Month featuring a $1 million prize pool, the market sentiment remained predominantly bearish with a focus on risk aversion.

ETH Price Chart

ETH Technical Analysis

ETH News

Crypto Today: Bitcoin, Ethereum, XRP sell-off intensifies as liquidations hit $2 billion

Bitcoin (BTC) is trading below $84,000 at the time of writing on Friday, after reaching an intraday low of $82,000, driven by macroeconomic uncertainty and related risk-off sentiment.

https://www.fxstreet.com/cryptocurrencies/news/crypto-today-bitcoin-ethereum-xrp-sell-off-intensifies-as-liquidations-hit-2-billion-202511211200

Tom Lee Says Bitcoin, Ethereum Crash Wasn't Macro But A 'Software Bug'

Bitcoin ( CRYPTO: BTC ) and Ethereum ( CRYPTO: ETH ) breaking below key support levels has sparked debate over whether fundamentals are to blame - but Fundstrat's Tom Lee argues the real culprit is far more mechanical.

https://www.benzinga.com/crypto/cryptocurrency/25/11/48999974/tom-lee-says-bitcoin-ethereum-crash-wasnt-macro-but-a-software-bug

Bitcoin Craters 10% To $82,000 As $2B Liquidations Hit Ethereum, XRP, Dogecoin

Bitcoin has plunged around 10% to $82,000 over the past 24 hours, pushing liquidations to around $2 billion. Spot ETFs saw heavy outflows on Thursday, with $903.1 million exiting Bitcoin funds and another $261.6 million flowing out of Ethereum products.

https://www.benzinga.com/crypto/cryptocurrency/25/11/48999053/bitcoin-craters-10-to-82000-as-2b-liquidations-hit-ethereum-xrp-dogecoin

MEXC Launches Ethereum Eco Month with $1 Million Prize Pool

VICTORIA, Seychelles, Nov. 21, 2025 ( GLOBE NEWSWIRE ) -- MEXC, a leading global cryptocurrency exchange, announced the launch of Ethereum Eco Month.

https://www.benzinga.com/pressreleases/25/11/g48997390/mexc-launches-ethereum-eco-month-with-1-million-prize-pool

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH, and XRP continue to crash as market bears take control

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) continued their downward trajectory on Friday, slipping more than 8%, 9% and 10% respectively so far this week.BTC slips below $86,000, Ethereum falls under $2,900, and XRP drops below $2, highlighting a deepening correction as bearish momentum gains co

https://www.fxstreet.com/cryptocurrencies/news/top-3-price-prediction-bitcoin-ethereum-ripple-btc-eth-and-xrp-continue-to-crash-as-market-bears-take-control-202511210346

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Ethereum Price History

18.10.2025 - ETH Crypto was up 5.6%

• Ethereum displayed a strong bullish movement, surpassing the $3,000 mark today.
• The introduction of Fidelity's Solana staking ETF may have influenced positive interest in various cryptocurrencies, including Ethereum.
• The funding news of 0xbow securing a $3.5 million round for compliant crypto privacy technology could have fostered a favorable outlook in the crypto sphere, benefiting Ethereum.
• Despite the market's volatility and prevailing bearish sentiment, Ethereum appears to have found stability around $3,000, with projections from analysts suggesting a potential market bottoming for the asset this week.

18.10.2025 - ETH Crypto was down 5.2%

• A substantial purchase of ETH by BitMine Immersion Technologies may have initially boosted market sentiment, but the overall trend turned bearish.
• The introduction of Cboe's "perpetual-style" futures for Bitcoin and Ethereum could have added to market uncertainty and volatility, potentially contributing to the bearish movement.
• The drop in ETH price to a 4-month low under $3,000 raises concerns about the strength of the bull market, prompting investors to reassess their positions.
• The broader crypto market downturn, with Bitcoin and Ethereum losing key levels and significant liquidations, likely intensified selling pressure on ETH, leading to the bearish movement.

18.10.2025 - ETH Crypto was down 5.1%

• The decline in ETH's price below $3,000 is part of the broader cryptocurrency market downturn, with Bitcoin also seeing a notable decrease.
• More than 140,000 traders were liquidated for $725.72 million in the past 24 hours, indicating significant market volatility and selling pressure.
• The introduction of perpetual-style Bitcoin and Ether futures by Cboe in the US may have contributed to the negative sentiment, bringing in added complexity and uncertainty.
• Bit Digital's transition from Bitcoin mining to Ethereum staking aligns with a larger trend of companies adjusting to the evolving cryptocurrency landscape, potentially influencing the supply and demand dynamics of ETH.

20.10.2025 - ETH Crypto was down 5.0%

• ETH dropped below the critical $3,000 level in a strong bearish movement.
• Negative market sentiment is partly fueled by unrealized losses in Ethereum treasury companies, potential further decline in ETH's value, and debates on the bullish thesis.
• Coinbase launched ETH-backed loans and onchain lending surpassed $1.25 billion, indicating ongoing interest and utility in the Ethereum ecosystem.
• The broader cryptocurrency market correction saw Bitcoin falling below $88,000 and Ethereum dropping over 6%, leading to significant liquidations nearing $1 billion on ETH.

19.10.2025 - ETH Crypto was down 5.5%

• Alongside other prominent cryptocurrencies such as Bitcoin and Ripple, ETH saw significant losses due to institutional investors retracting from the market, leading to the bearish trend.
• The recovery efforts of BTC, ETH, and XRP, following a sharp drop in prices, point towards a potential market correction.
• The internet disruption caused by Cloudflare's database error, which affected a considerable portion of the internet and major crypto platforms, likely contributed to the pessimistic market sentiment affecting ETH trading.

19.10.2025 - ETH Crypto was down 8.3%

• ETH, along with other major cryptocurrencies like Bitcoin and XRP, faced a significant decline in value, with ETH dropping by 8%.
• Despite the market downturn, one analyst advised against panic selling, suggesting that it may not be the right move in the current market cycle.
• The broader cryptocurrency market is facing headwinds as institutions are reportedly pulling back, contributing to the downward pressure on prices.
• While ETH is struggling in the red, developments like Kohaku's privacy features for Ethereum wallets signal ongoing advancements in the ecosystem, which could potentially support a recovery in the token's value in the future.

19.10.2025 - ETH Crypto was up 5.1%

• ETH price surged above $3,100 as the Ethereum Foundation's Account Abstraction team revealed plans for the Ethereum Interop Layer, aiming to enhance user experience across different rollups, boosting investor confidence.
• The announcement of 0xbow closing a $3.5 million seed round for compliant crypto privacy technology may have positively influenced market sentiment towards ETH, indicating growing interest and investment in the crypto space.
• Despite volatility concerns and liquidity clusters signaling short-term price fluctuations, ETH managed to retest $3,000 and enter a historical buy zone, attracting buyers looking for potential opportunities in the market.
• While other cryptocurrencies like Bitcoin and XRP continue to struggle amidst bearish sentiment, ETH's bullish movement could be attributed to specific developments within the Ethereum ecosystem, setting it apart from the broader market trend.

16.10.2025 - ETH Crypto was down 5.1%

• Skepticism towards Bitcoin from a well-known author may have contributed to a general sentiment of uncertainty in the cryptocurrency market, potentially impacting Ethereum's price negatively.
• A prominent investor's decision to hold onto Bitcoin despite recent market fluctuations could have highlighted the volatility of the overall crypto market, leading to a sell-off in assets like Ethereum.
• A market expert's prediction of crypto performance in the future if major cryptocurrencies end the year in the negative territory might have added to the bearish pressure on Ethereum today.
• The expansion of a pro-Bitcoin restaurant to a specific country could have been overshadowed by broader market concerns, impacting the sentiment towards cryptocurrencies like Ethereum.

21.10.2025 - ETH Crypto was down 6.5%

• Selling pressure from FG Nexus offloading nearly 11,000 ETH has impacted the token's price, contributing to the bearish trend.
• The drop below $3,000 has resulted in significant unrealized losses for Ethereum treasury companies, affecting market sentiment negatively.
• Criticism of Tom Lee's bullish thesis on Ethereum has intensified selling pressure, raising doubts about the fundamental basis of ETH's value.
• The broader cryptocurrency correction, which includes Bitcoin's decline, has also influenced ETH's price, underscoring the interconnected nature of the crypto market.

21.10.2025 - ETH Crypto was down 6.9%

• ETH faced a strong bearish movement, falling below $2,900, as part of the broader market correction affecting cryptocurrencies.
• The selling pressure on ETH was exacerbated by a significant sell-off of ETH, putting additional downward pressure on the token.
• The potential for ETH to drop below $2,500 could complicate matters for Ethereum treasury companies holding significant unrealized losses, contributing to the negative sentiment surrounding the token.
• The debate over Ethereum's fundamentals, reignited by its decline below $3,000, has also played a role in shaping market sentiment towards ETH.

21.10.2025 - ETH Crypto was down 9.9%

• The launch of Ethereum Eco Month by a crypto exchange did not seem to have a positive impact on ETH's price, as the market continued its downward trajectory.
• The news of a company selling a significant amount of ETH holdings could have added selling pressure to the market, contributing to the bearish movement.
• The debate sparked by a trader criticizing a well-known analyst's bullish thesis on Ethereum may have also influenced market sentiment, leading to increased selling activity and driving ETH's price lower.
• Overall, a combination of factors such as profit-taking, increased selling pressure from treasury companies, and skepticism regarding Ethereum's fundamentals likely contributed to the bearish movement of ETH.

21.10.2025 - ETH Crypto was down 8.6%

• Ethereum (ETH) saw a significant drop below $2,900.
• The downturn in the market was exacerbated by approximately $2 billion in liquidations involving different cryptocurrencies.
• A mention by Fundstrat's Tom Lee suggested a 'software bug' may have been responsible for the crash, sparking discussions on the root cause of the decline.
• While there were positive efforts such as MEXC's Ethereum Eco Month featuring a $1 million prize pool, the market sentiment remained predominantly bearish with a focus on risk aversion.