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The Ethereum value is down 15% within the final week and 1.1% over the previous 24 hours to commerce at $3,024 as of two:33 a.m. EST on buying and selling quantity that rose 16% to $38 billion.
This comes as fund administration titan BlackRock registered in Delaware for a staked ETH ETF (exchange-traded fund), one of many first steps {that a} fund issuer must take to file for a brand new ETF earlier than a proper regulatory submission.
BlackRock is planning to file for a Staked Ethereum ETF, as per the Delaware identify registration. ’33 Act. Submitting coming quickly. pic.twitter.com/NmAsQhcq5D
— Eric Balchunas (@EricBalchunas) November 19, 2025
The transfer indicators robust institutional confidence in Ethereum regardless of its latest slide and would unlock a brand new alternative for traders searching for publicity to crypto belongings that provide staking returns.
The sharp decline within the ETH value got here amid rising uncertainty over financial coverage, with the Federal Reserve’s October 28-29 assembly minutes exhibiting a slim majority of Fed officers in opposition to a December fee minimize.
Yesterday, the Minutes of the Federal Open Market Committee have been launched. On the assembly, many members favored reducing the goal vary for the federal funds fee, though some indicated they might have supported leaving charges unchanged, whereas a number of opposed a minimize. When… pic.twitter.com/XEaC2whw8z
— Axel 💎🙌 Adler Jr (@AxelAdlerJr) November 20, 2025
Ethereum Value Indicators Sign A Continued Bearish Stance
After going by a correction at the start of the 12 months, the ETH value bulls used the help round $1,560 to push the asset by a restoration to a brand new all-time excessive in August of $4,954.
Nonetheless, the bulls have been unable to maintain this resistance, with the Ethereum value retesting the $4,736 resistance a number of instances. Consequently, the bears lastly took cost, forming a rounded high sample.
In the meantime, the worth of Ethereum continued to drop again to the neckline on the $2,972 help on the 0.618 Fibonacci retracement degree.
Because of the continued downtrend, ETH has now dropped beneath each the 50-day and 200-day Easy Transferring Averages (SMAs), $3,800 and $3,491, respectively, which act as resistance ranges on the upside.
Furthermore, promoting strain continues to be intense, with the Relative Power Index (RSI) nonetheless transferring throughout the 30-oversold zone, presently at 33.24.
ETH Value Prediction
Primarily based on the present ETH/USD chart evaluation, the ETH value is testing a vital confluence zone close to the 0.618 Fibonacci retracement degree across the $2,970–$3,050 zone.
This space has traditionally acted as a powerful response degree, and the worth of ETH’s capability, or failure, to carry above it is going to doubtless form the subsequent directional transfer.
A sustained shut again above the 200-day SMA may open the door for a restoration towards the $3,230 (0.5 Fib) and $3,495 (0.382 Fib) areas, which can act as resistance throughout any reduction bounce.
Nonetheless, with momentum weakening and the RSI hovering close to oversold territory, downward strain stays influential. Ought to the worth of Ethereum lose the present help, the subsequent main Fibonacci degree sits close to $2,600, adopted by a deeper retracement towards $2,126 if promoting strain intensifies.
Regardless of the turbulence within the Ethereum value, community fundamentals stay resilient. ETH staking hit a document excessive in November 2025, with over 33 million tokens now locked, based on Milk Highway.
ETH staking simply hit a brand new all time excessive… once more.
Value has been messy, and sentiment has been worse.
However the one factor that hasn’t moved is the quantity of $ETH individuals are keen to lock away for years.
Only a regular climb towards 33M+ ETH locked.
That’s long run alignment… pic.twitter.com/HycnZ4gtk1
— Milk Highway (@MilkRoad) November 19, 2025
Milk Highway noticed that though sentiment has been weak, the excessive degree of staked ETH signifies robust long-term confidence within the community.
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