Ethereum Price Today, 20 November 2025: ETH Holds $3,000 Support Amid BlackRock Staked ETF Push and Quantum Security Warnings

Thursday, 20 November 2025

Ethereum is trading almost exactly on the psychological $3,000 line today, with price action caught between heavy selling pressure and a cluster of “bottom zone” signals from on‑chain and valuation models. At the same time, BlackRock’s move toward a staked Ethereum ETF and Vitalik Buterin’s warning about quantum computers are reshaping the narrative around ETH’s long‑term prospects. ^[1]

Ethereum price today: key numbers

Across major spot markets, Ethereum (ETH) is hovering just above $3,000:

Spot price: Around $3,020–$3,050 on large exchanges – for example, Binance’s ETH/USD pair shows about $3,025 as of 09:18 UTC. ^[2]
Day’s trading range so far: Roughly $3,004 – $3,064. ^[3]
Official daily reference price: Data provider YCharts puts ETH at $3,017.75 for 20 November, down 3.19% from yesterday’s $3,117.22 close. ^[4]
Short‑term performance: Goodreturns reports Ethereum at $3,031, down about 1.6% in 24 hours and over 21% in the last 30 days. ^[5]
From early‑November peak: At the start of the month ETH traded near $3,900–$3,950, meaning it has shed a little over 20% in under three weeks. ^[6]

The big picture: ETH is well off its recent highs but is still holding the $3,000 region after a violent flush that briefly took price into the $2,800s earlier this week. ^[7]

What’s moving Ethereum today?

1. BlackRock’s staked Ethereum ETF plans

The single biggest structural headline for Ethereum today is BlackRock’s push into staked ETH ETFs:

BlackRock has registered the “iShares Staked Ethereum Trust” in Delaware, a key early step toward launching a staking‑enabled Ethereum ETF in the U.S. ^[8]
A separate analysis from CoinCentral notes that this new product would complement BlackRock’s existing iShares Ethereum Trust (ETHA), launched in 2024 and now holding around $13.1 billion in assets. ^[9]
By introducing staking, the proposed ETF could shift from pure price exposure to a “total‑return” product, with average on‑chain ETH staking yields cited around 3.9–4% per year. ^[10]

At the same time, the ETF story is a double‑edged sword in the short term:

CoinCentral reports that spot Ethereum ETFs have seen seven straight days of outflows totaling over $1 billion, even as BlackRock gears up for its staked product. ^[11]
BlackRock’s own existing ETF (ETHA) is part of that flow picture, with analysts framing the current moment as “ETF growing pains” rather than outright rejection of ETH. ^[12]

In other words, institutional infrastructure is deepening, but flows are currently negative, which helps explain why price is stuck near support rather than rallying on the ETF news.

2. Whale selling, liquidations, and derivatives pressure

Several data points show how aggressive the recent sell‑off has been:

Large wallets holding 10,000–100,000 ETH have reduced holdings by more than 150,000 ETH in just four days, with many of these addresses sitting on a realized cost basis around $2,900. ^[13]
ETH led crypto liquidations with about $215 million wiped out in the last 24 hours, most of it from long positions, according to Coinglass data cited by CoinCentral. ^[14]
An earlier report from Marketforces Africa described ETH breaking below $3,000 and falling to roughly $2,875, triggering around $210 million in long liquidations in a single day and marking the lowest level since July. ^[15]

On the sentiment side:

The broader crypto Fear & Greed Index has slumped into “extreme fear” territory (around 16), signalling outright panic rather than euphoria. ^[16]
CryptoRover’s valuation model, highlighted by Coinfomania, nonetheless suggests ETH is now in a “Likely Bottom Zone”, about 20–30% undervalued versus its cycle‑adjusted fair value, with the price near $3,022, down ~3.5% on the day. ^[17]

Put simply, recent price action looks like a classic deleveraging event: whales de‑risking, ETF investors taking profits, and over‑leveraged traders getting flushed, all while long‑term valuation models are starting to flash green.

3. Quantum security and privacy upgrades reshape the long‑term story

Beyond price, Ethereum’s tech roadmap is front‑page news today.

Vitalik’s quantum warning

Pintu News reports that at the Devconnect developer gathering, Vitalik Buterin warned that quantum computers could crack elliptic‑curve cryptography — the basis for Ethereum and Bitcoin’s signature scheme — in less than three years. ^[18]

Key points from that coverage:

Vitalik urged the community to transition Ethereum to quantum‑resistant cryptography before the 2028 U.S. election, effectively setting a multi‑year security deadline. ^[19]
The message: if Ethereum fails to move in time, private keys and transaction integrity could be at risk, which would be catastrophic for DeFi and on‑chain assets. ^[20]

While this doesn’t move today’s price directly, it strengthens the long‑term “Ethereum as serious infrastructure” narrative, especially for institutions who care deeply about future‑proof security.

Aztec Network’s fully decentralized Layer‑2 goes live

On the scaling and privacy side, Aztec Network’s Ignition Chain is now live as the first fully decentralized Layer‑2 protocol on Ethereum’s mainnet, according to CoinDesk. ^[21]

Ignition Chain uses zero‑knowledge proofs to enable private, scalable transactions for DeFi applications. ^[22]
The launch coincided with Aztec’s validator set reaching 500 validators, a threshold the team describes as critical for robust decentralization. ^[23]

At the same time, AInvest highlights a growing tension between Ethereum’s push for stronger privacy and institutional demands for compliance‑friendly transparency, reflecting an ongoing debate about how far privacy features should go in a world of regulated ETFs and big‑bank adoption. ^[24]

These developments don’t show up in the intraday candlesticks, but they underpin the case for Ethereum as both a programmable money system and a privacy‑capable settlement layer.

Technical picture: $2,850–$3,000 as support, $3,100–$3,500 as ceiling

Today’s ETH chart is dominated by a tight battle around the $3,000 handle.

Key support zones

Multiple analyses converge on a support band between about $2,850 and $3,000:

CoinCentral’s ETF/yield piece notes that ETH found support around $2,850 after being rejected at $3,100, framing $2,850 as a major line in the sand. ^[25]
AInvest likewise calls $2,850 a “critical support” area, warning that a sustained break below could open the door to much lower levels, potentially even sub‑$1,000 in extreme bearish scenarios. ^[26]
BeInCrypto and Pintu both highlight $3,000 as the immediate psychological level to hold, with downside targets around $2,814 if that floor is lost. ^[27]

In short, $3,000 is the front‑line defense, and $2,850 is the “do not break” zone for many chart‑watchers.

Resistance and upside targets

If bulls can defend current levels, there’s a clear ladder of resistance above price:

BeInCrypto’s analysis points to $3,131 as the first major resistance, followed by potential targets at $3,287 and $3,489 if momentum improves. ^[28]
CoinCentral’s trader commentary argues that a break and close above $3,100 could send ETH toward $3,470, with the 20‑day EMA overhead as an important confirmation level. ^[29]

Given that ETH traded above $3,900 earlier this month, a move back into the mid‑$3,000s would still be a partial retrace, not a new high — but it would go a long way toward repairing sentiment after this sharp drawdown. ^[30]

On‑chain “opportunity zone” signals

Several on‑chain metrics are being used to argue that current prices may be closer to accumulation than distribution:

Both BeInCrypto and Pintu highlight that Ethereum’s MVRV ratio (a metric comparing market value to realized value) has dropped to around ‑13%, a level they describe as an “opportunity zone” that historically aligns with saturated selling and later recoveries. ^[31]
Ethereum’s Net Unrealized Profit/Loss (NUPL) has slipped below about 0.25, indicating rising fear as more holders sit on paper losses — again similar to zones that preceded major rebounds in prior cycles. ^[32]
CryptoRover’s long‑term valuation model places ETH in a fair‑value corridor between roughly $2,200 and $3,800, implying 20–30% undervaluation relative to its cycle mean if current trends persist. ^[33]

These metrics don’t guarantee a bottom, but they help explain why some larger players are starting to frame the $2,850–$3,000 area as a potential accumulation zone, even as short‑term sentiment remains fragile.

Market context: fear in crypto, but ETH still tracks Bitcoin

Today’s Ethereum action is happening against a nervy macro backdrop:

Goodreturns notes that Bitcoin is hovering near $92,000 after defending key support just below $90,000, while Ethereum and Solana are both managing to stay above $3,000 and $140 respectively. ^[34]
Cryptonews’ live blog describes a largely sideways crypto market, with Layer‑2 tokens up about 0.5%, Bitcoin reclaiming $92,000, and Ethereum slipping about 1.9% while “hovering near $3,000”. ^[35]
Coinfomania points out that Bitcoin dominance has climbed to around 58% as the U.S. Federal Reserve signals slower rate cuts, putting relative pressure on altcoins like ETH even when Bitcoin stabilizes. ^[36]

In prediction markets, there’s still notable optimism about Ethereum’s medium‑term upside:

A separate analysis highlights Myriad prediction‑market odds assigning roughly a 47% chance that ETH reaches $4,000 before it revisits $2,500, showing traders see more upside than downside from current levels, even after the sell‑off. ^[37]

So while fear is high, especially among short‑term speculators, the broader market does not treat today’s levels as a terminal top for Ethereum’s cycle.

What today’s Ethereum price means for traders and investors

For short‑term traders

If you’re trading the $3,000 zone, the market narrative currently revolves around a simple fork:

Bullish path:
- $3,000 and especially $2,850 hold as support.
- Price reclaims $3,100–$3,150, confirming a short‑term higher low.
- Upside targets from several analyses cluster around $3,300–$3,500, with some extension scenarios pointing closer to $3,700+ if momentum and ETF news improve simultaneously. ^[38]
Bearish path:
- $3,000 fails decisively and $2,850 gives way, turning current support into resistance.
- Chart projections discussed by AInvest and CoinCentral suggest potential continuation toward the low‑to‑mid $2,000s in a deeper washout, especially if ETF outflows persist and macro data worsens. ^[39]

Given recent liquidations and ETF outflows, volatility risk remains elevated. As always, position sizing and clear invalidation levels matter more than any single price target.

Important: Nothing here is financial advice. Crypto assets are highly volatile and you can lose all the capital you commit. Always do your own research and, if possible, consult a licensed financial professional before trading.

For long‑term Ethereum holders

For long‑horizon participants, today’s story is less about whether ETH closes at $3,000 or $3,100, and more about how the ecosystem is evolving while price dips:

Infrastructure & yield: BlackRock’s staked ETH ETF initiative, building on ETHA’s multibillion‑dollar asset base, shows that regulated yield‑bearing ETH products are coming, even if the current flow picture is choppy. ^[40]
Security roadmap: Vitalik’s explicit timeline for transitioning to quantum‑resistant cryptography underscores Ethereum’s intent to remain a long‑term, institution‑grade settlement layer. ^[41]
Scaling & privacy: The launch of Aztec’s Ignition Chain and broader privacy research on Ethereum highlight efforts to combine scalability, confidentiality, and decentralization, key ingredients for mainstream financial and enterprise use cases. ^[42]

From that lens, the current correction — roughly 20%+ below early‑November levels — is being interpreted by many analysts not just as a risk event, but as a re‑pricing phase before the next wave of products (like staked ETFs) and protocol upgrades arrive. ^[43]

Bottom line

Price: Ethereum is holding the $3,000 region today, trading near $3,020–$3,050, about 3% lower than yesterdayand over 20% below early‑November highs. ^[44]
Drivers: The move comes amid ETF outflows, whale selling, and heavy derivatives liquidations, but is partially offset by on‑chain “opportunity zone” metrics and institutional developments like BlackRock’s staked ETF plan. ^[45]
Narrative: Long‑term, Ethereum’s roadmap is being defined by quantum security, privacy‑preserving L2s, and regulated yield products — themes that could matter far more than today’s exact price print. ^[46]

As always, ETH’s path from here will depend on whether $2,850–$3,000 holds as a durable base — and on how quickly buyers regain confidence after one of the sharpest drawdowns of this cycle.

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