Ethereum Price Today, November 19, 2025: ETH Fights to Hold $3,000 as ETF Outflows and Liquidations Bite

Ethereum (ETH) is under heavy pressure today, with the market locked in “extreme fear” and price action whipsawing around the key $3,000 level.

At the time of writing on 19 November 2025, Ethereum is trading just under the $3,000 mark, around $2,900–$2,960depending on the exchange, after an intraday low near $2,870. That leaves ETH down roughly 6–7% over the last 24 hours and around 15% for the week, with 24‑hour volume in the low‑ to mid‑$30 billion range. ^[1]

Over the past few weeks, ETH has:

Fallen from early‑November levels near $3,900–$4,000 to below $3,000 – roughly a 25% slide this month. ^[2]
Dropped about 40% from its late‑August all‑time high just under $5,000, according to TradingView market commentary. ^[3]
Seen its market cap sit around $350 billion, with a circulating supply near 120.7 million ETH, based on major data providers. ^[4]

Despite the red candles, on‑chain development and institutional infrastructure around Ethereum are still advancing, creating a sharp contrast between short‑term panic and long‑term positioning.

Ethereum price today: key levels on 19 November 2025

Across multiple data sources, today’s ETH session looks roughly like this: ^[5]

Spot price: ~$2,900–$2,960
Intraday range: roughly $2,870 (low) to $3,120–$3,130 (high)
24‑hour move: around ‑6% (with some sources reporting ‑7–9% depending on timestamp)
7‑day performance: roughly ‑15–16%
Market cap: about $350 billion
24‑hour volume: $33–36 billion, ~8–10% of circulating supply

Technically, ETH has:

Lost the $3,000 “psychological” support on several major venues intraday. ^[6]
Tested a support band around $2,950–$2,960, highlighted by multiple analysts as a pivot – a clean break below opens room toward the $2,800–$2,900 zone. ^[7]
Traded within a descending channel since early October, with each down‑leg of roughly 27–28%, according to Finbold’s review. ^[8]

In short: today is another stress test for the $2,900–$3,000 area, which many traders now see as a line in the sand.

What’s driving Ethereum’s drop today?

Today’s ETH price action is part of a broader crypto shake‑out that has erased more than $1 trillion from digital asset valuations this November, according to multiple market overviews. ^[9]

Several forces are colliding at once:

1. Heavy leverage and forced liquidations

A series of liquidations has amplified downside moves:

MarketForces Africa reports that around $210 million in long Ethereum positions were liquidated over 24 hours, after ETH broke below the $3,000 level and violated a descending channel pattern. ^[10]
A large whale with a 17,804‑ETH long position (over $50 million at previous prices) was forcibly closed, realizing a loss exceeding $10 million over two months, according to analyses cited by AInvest and Bitget. ^[11]

These liquidations create “waterfall” price moves: once key levels break, cascading margin calls push ETH sharply lower before spot buyers can step in.

2. ETF outflows and institutional de‑risking

Spot crypto ETFs, which were a major driver of inflows earlier in the year, are now leaking capital:

U.S. spot Ethereum ETFs have logged six consecutive days of net outflows, totaling about $74.7 million on 18 November alone – the longest such streak since launch. ^[12]
BlackRock’s ETHA fund accounted for roughly $165.5 million of those withdrawals, though other ETH ETFs still saw modest inflows, painting a more nuanced picture. ^[13]
Across BTC and ETH, AInvest and Bitget estimate $447 million of combined spot ETF outflows in a single day, with $373 million coming from Bitcoin products. ^[14]

The Economic Times also highlights how institutional investors are stepping back from risk assets, noting that Bitcoin, Ether and Solana have all extended steep November losses, with Ether trading near $2,923 at one point today and the Crypto Fear & Greed Index sinking into “extreme fear.” ^[15]

3. Fading rate‑cut hopes and macro risk‑off

The macro backdrop has turned from supportive to hostile in a matter of weeks:

Market odds of a Federal Reserve rate cut in December have dropped from about 94% a month ago to roughly 46%, according to AInvest/Bitget’s macro summary. ^[16]
Higher‑for‑longer rates, worries about a potential U.S. government shutdown, and wobbling tech/AI equities are pushing investors out of high‑beta assets like crypto. ^[17]

Put simply: less cheap money + more uncertainty = less appetite for leveraged crypto bets.

4. Whale and ETF flows add to selling pressure

Beyond derivatives liquidations, spot flows have turned decisively negative:

CoinCentral reports that the total crypto market cap has shed over $1.1 trillion in November, with Ethereum and Cardano singled out as major drags; one data set cited shows whales selling around 230,000 ETH in a week, while some BlackRock clients offloaded nearly $192 million worth of ETH. ^[18]
CryptoPotato likewise notes that wallets holding 1,000–10,000 ETH sold more than 230,000 coins over seven days, consistent with aggressive de‑risking by larger holders. ^[19]

This combination of forced selling (leverage) and voluntary selling (whales and ETF investors) goes a long way toward explaining today’s aggressive move below $3,000.

Key Ethereum news headlines today (19 November 2025)

Here’s a concise round‑up of the most relevant Ethereum news and analysis published on 19 November 2025 and how it ties back to the price:

“Ethereum Hit by Wave of Sell‑offs, Drops to $2,875” – MarketForces Africa
- ETH slid to around $2,875, down about 9% in 24 hours and 16% on the week, with 24‑hour volume near $35.9 billion.
- The article cites $210 million in long liquidations, sustained ETF outflows, and a Crypto Fear & Greed Index reading of 16, deep in “extreme fear.” ^[20]
“Ethereum ETF Outflows Continue: $74.7M Withdrawn in Sixth Straight Day of Declines” – BitcoinWorld/CryptoRank
- U.S. spot ETH ETFs saw $74.68 million in net outflows on 18 November, led by a $165.5 million withdrawal from BlackRock’s ETHA, their largest single‑day redemption.
- Several other ETFs (Grayscale Mini ETH, Bitwise ETHW, Franklin EZET, VanEck ETHV) still attracted inflows, underscoring rotation between vehicles rather than a total collapse in interest. ^[21]
“Ethereum News Today: Whale’s $10M Loss…” – AInvest & Bitget
- Both outlets focus on the liquidation of a 17,804 ETH leveraged long, resulting in over $10 million in realized losses as macro conditions worsened.
- They highlight accelerating ETF redemptions, a growing number of short positions (about $5.7 million added in 24 hours), and sharply reduced expectations for near‑term Fed cuts. ^[22]
“Ethereum Set for a ‘Dead Cat Bounce’, Says Expert” – Finbold
- Analyst TradingShot notes ETH has been sliding in a descending channel since October, with two prior legs of ~27.5% each, but sees a bullish divergence in the daily RSI that could fuel a short‑term reboundtoward the 50‑day moving average.
- At press time in that piece, ETH was about $2,921, down 7% on the day and nearly 15% on the week, with key levels flagged at $2,800 (support) and $4,100 (macro resistance). ^[23]
“Ethereum (ETH) Recovery? Key Liquidity Zone Now in Focus” – CryptoPotato
- ETH is described as trading near $3,100 after confirming a “break of structure” around $2,940, with some analysts eyeing a short‑term move toward a $3,270–$3,360 liquidity band if a relief rally kicks in.
- The article also warns that recent whale selling and upcoming FOMC risks could make that bounce short‑lived. ^[24]
“Ethereum (ETH) Price Analysis for November 19” – U.Today & AInvest
- Both outlets see ETH hovering near $3,000–$3,060, with support around $2,959–$3,004 and downside targets in the $2,800–$2,900 range if today’s daily candle closes near or below that support. ^[25]
“ETH/USD: Ethereum Stabilizes Near $3,000 After Bruising 40% Drop from Record” – TradingView News
- TradingView emphasizes that ETH is now about 40% below its record near $5,000, calling it a “painful reset” that’s dragged price back to midsummer levels.
- The piece frames $3,000 as a crucial psychological and technical support that bulls “desperately need to defend” to avoid another liquidation wave. ^[26]
“Ethereum Price: Bitmine’s Tom Lee Predicts Bottom This Week After 20% Decline” – CoinCentral
- Fundstrat’s Tom Lee argues that ETH’s ~20% November drop from $3,900 to near $3,000 pushed the Mayer Multiple below 1, historically a “value zone” that has preceded longer‑term recoveries.
- Liquidity maps suggest possible sweeps down to $2,90x or even $2,760–$2,770 before a durable base forms. ^[27]

Taken together, today’s news flow is overwhelmingly focused on liquidations, ETF outflows, and capitulation – but with a noticeable minority of analysts talking about “bottoming structures” and potential short‑term bounces.

Ecosystem developments: bearish price, bullish fundamentals?

While candles are red, fundamental Ethereum headlines today are more optimistic.

Vitalik’s “Kohaku” privacy toolkit

At Devcon in Buenos Aires, Vitalik Buterin unveiled “Kohaku”, a new Ethereum privacy framework designed to: ^[28]

Use stealth addresses, zero‑knowledge proofs and modular privacy pools to hide transaction links while
Allowing users to reveal those links selectively for compliance, audits or institutional reporting.

Kohaku integrates with tools like Railgun and uses quantum‑resistant cryptography and decentralized routing to reduce reliance on centralized RPC endpoints. It aims to make privacy a first‑class feature on Ethereum without turning the network into a regulatory black box.

Revolut, Polygon and real‑world payments

Another bullish thread: Revolut, one of Europe’s most widely used fintech apps, has integrated Ethereum L2 Polygonto power a new stablecoin remittances service. ^[29]

Key points from that coverage:

Revolut has already moved about $690 million through Polygon since the partnership began.
The app serves 65+ million users across 38 countries, and has met EU requirements for stablecoin payments.
Users can now send USDC and USDT across borders at low cost, with Polygon handling the settlement.

For Ethereum, that means more transaction flow into its L2 ecosystem and a concrete example of mainstream payments riding on ETH infrastructure, even as token price slides.

Layer‑2 growing pains and the fee‑burn dilemma

A separate 24/7 Wall St analysis asks whether Layer‑2 networks are helping or hurting ETH’s price. ^[30]

It notes that after upgrades like Dencun slashed L2 fees, Ethereum’s:

Daily Layer‑1 fee revenue fell from >$30M to around $500K,
Burned ETH dropped sharply, nudging supply back toward mild inflation instead of ongoing deflation, and
Activity migrated to L2s such as Arbitrum, Optimism, Base and zkSync, which keep much of the fee revenue for themselves.

At the same time:

Roughly 30–35% of ETH supply is staked, earning yield and reducing circulating float. ^[31]
Ethereum remains the dominant settlement layer for real‑world asset tokenization, with tens of billions in tokenized assets according to CoinCentral’s Tom Lee coverage. ^[32]

So the structural story remains mixed: Ethereum is more scalable and widely used than ever, but its token economics (burn + fees) are under pressure from the very scaling solutions that made that growth possible.

Leverage unwinding vs institutional accumulation

Finally, an AInvest deep‑dive frames the current sell‑off as a “leverage reset” overlapped with institutional accumulation: ^[33]

Ethereum ETFs saw around $1.42 billion in net outflows from speculative vehicles since early November.
Yet total ETH ETF assets under management jumped 177% in Q3 to about $28.6 billion, with BlackRock capturing nearly 60% of new inflows.
About 36.8 million ETH (≈30.4% of supply) is staked, and daily on‑chain volume averaged 1.56 million transactions in Q3.
The piece also cites a recent SEC clarification that protocol‑level staking does not itself constitute a securities offering, seen as a green light for more institutional participation in staking products.

The thesis: retail leverage is being flushed out at the same time that longer‑horizon capital quietly accumulates ETH and stakes it, potentially building a long‑term price floor even as short‑term price action looks ugly.

Ethereum price outlook: what analysts are watching after today

No one can say with certainty where Ethereum goes next, and nothing here is financial advice. But today’s analyses broadly cluster into three short‑term scenarios.

1. Bearish continuation: deeper drop toward $2,500

Several desks warn that if $2,900–$3,000 fails convincingly, the next area of interest lies lower:

Multiple price‑prediction pieces see $2,800–$2,900 as the next major demand zone, with some calling for a test of $2,500 support if fear persists and ETF outflows accelerate. ^[34]
Liquidity maps from CoinCentral and Hyblock Capital show concentrated long‑liquidation clusters around $2,90x and $2,760–$2,770, which markets may “sweep” before a durable bottom forms. ^[35]

In this scenario, continued risk‑off macro conditions, more ETF redemptions, or a sharp move lower in Bitcoin are the main near‑term risks for ETH holders.

2. Short‑term bounce (“dead cat” or relief rally)

Others see signs that selling may be overextended, at least in the short run:

Finbold’s “dead‑cat bounce” piece points to a bullish RSI divergence on the daily chart and suggests ETH could bounce toward the 50‑day moving average if buyers step in, even if the medium‑term trend stays bearish. ^[36]
CryptoPotato’s liquidity analysis highlights a possible move into the $3,270–$3,360 “fair value gap”, especially if ETH can reclaim $3,200 and hold it. ^[37]

Under this view, $2,800–$2,900 could act as a short‑term “trap” for late shorts, with a sharp but possibly brief squeeze higher.

3. Structural bottoming: value zone building over weeks

A smaller but vocal group of analysts argues that Ethereum is entering a multi‑week bottoming process, not just a one‑day event:

Tom Lee points to the Mayer Multiple dropping below 1, historically associated with longer‑term value zones that precede multi‑month rallies (though not guaranteed). ^[38]
AInvest frames the current environment as a “structural buy” for long‑term investors, citing high staking participation, institutional ETF inflows earlier in the year, and strong on‑chain activity despite lower token price. ^[39]

This scenario doesn’t rule out further downside in the short term. Instead, it suggests that what happens with ETF flows, staking, and L2 value capture over the next few quarters will matter more than whether ETH bounces or dips another few hundred dollars this week.

What traders and investors are watching after today

If you’re following Ethereum after this volatile session, the key signposts many analysts are tracking include:

Price levels
- Support: $2,800–$2,900, then $2,500 on deeper flushes. ^[40]
- Resistance: $3,200, then $3,350 and $4,100 as bigger reversal checkpoints. ^[41]
ETF flows
- Whether the six‑day streak of ETH ETF outflows breaks, and if BlackRock’s ETHA fund continues seeing heavy redemptions or stabilizes. ^[42]
Leverage and liquidations
- Open interest in ETH perpetuals and the size of liquidation clusters below current price, which could amplify any further downside (or fuel a sharp squeeze if shorts get crowded). ^[43]
Macro signals
- Updates to Fed rate‑cut expectations, inflation data, and risk sentiment in equities – all currently leaning risk‑off. ^[44]
On‑chain and structural metrics
- Staked share of supply, L2 transaction growth, and adoption of tools like Kohaku and real‑world integrations such as Revolut’s Polygon remittance rails. ^[45]

Quick FAQ: Ethereum price today

What is Ethereum’s price today (19 November 2025)?
At the time of writing, ETH is trading just below $3,000, around $2,900–$2,960 depending on the data source and exchange, down roughly 6–7% in the last 24 hours. ^[46]

How much has ETH fallen from its recent high?
Ethereum is down about 25% from early‑November levels near $3,900–$4,000, and roughly 40% from its late‑August peak just under $5,000, according to TradingView market commentary. ^[47]

Why is Ethereum down today?
Today’s decline is driven by a mix of large leveraged liquidations, six straight days of net ETF outflows, whale selling, and a broader risk‑off shift as markets reassess how quickly central banks might cut interest rates. ^[48]

Is Ethereum’s long‑term outlook still positive?
Many structural metrics remain strong – including high staking participation, growing L2 usage, and institutional interest – but some researchers warn that lower fee burn and value drifting to L2s could weigh on ETH’s token economics if not addressed. As always, opinions differ, and future performance is uncertain. ^[49]

Important disclaimer

This article is for informational purposes only and is based on publicly available data as of 19 November 2025. Cryptocurrency markets are highly volatile and speculative. Nothing here is investment, trading, tax, or legal advice.Always do your own research and consider speaking with a qualified financial professional before making investment decisions.