Ethereum entered November 2025 on the back foot, with its price slipping under the psychological $4,000 threshold in the final days of October. On October 28, ETH was still above $4,100, but by Oct. 31 it had slid to about $3,800coingecko.com. By the morning of November 3, Ethereum traded in the upper $3,700s, marking a roughly 9–10% drop in just one week. This retreat punctured the optimism that had built up after ETH’s strong performance earlier in the fall. In fact, just two months prior, Ether had rallied to a four-year high near its all-time peaklatimes.com. Back in mid-August, ETH came within ~$100 of a new record, fueled by a wave of institutional buying and fund inflows. Since that late-summer surge, however, the market’s tone shifted: by mid-October, Ether had fallen ~20% from its peak, erasing about $80 billion in valuebloomberg.com.
