ETH Strong Selling Domination

Nov 13

Since August 2025, we have:
- Almost 9 red weeks vs 3 green.
- Sellers dominate in number of red weeks + selling volume substantially.
- Absence of buybacks.
- Absence of good news for ETH specifically.

Recently over pumped ETH in 2025 has already erased all of its gains. Given its beta of ±2.0 to BTC, it is reasonable to expect further descent towards marked levels on the chart throughout 2026.

Major factor of influence right now is Fed rate cutting rates + absence of stable release of market data + weakening labor market. For your convenience, dates of the last two rate cuts have been marked to illustrate that ETH is indeed staying below those key market decision dates. The BTC weakness started much earlier, meaning that ETH is under much bigger pressure potentially signalling the end of its bull run phase in Autumn 2025. This is natural tendency to see as ETH always absorbs liquidity from BTC after crypto gold starts to weaken.

Not a financial advice.

Nov 13

Note

Dead cat bounce is likely to happen.

Nov 16

Note

We are currently seeing the hunting stage for stop losses (extra liquidity) positioned around 370B on ETH market cap chart, which equals to approximate $3050 price level on EETH/USDT chart. There are deep pools of orders sitting around 3000 level. Considering the ETH weakness vs BTC, we see further descend more likely to happen.

Nov 18

Note

Clear indication of big seller shift down to a 3000 level on $ETH/USDT. While Ethereum's beta is still ±2.0 to Bitcoin on average, I think it may be reasonable to expect a slower pace in descending (at least in some periods) below 3000. Expecting 100% move down on a further 50% BTC's decline is unreasonable as we have to take into account bigger sellers and market liquidity absorption on different levels.