Ethereum price falls below $2,750 – is it in danger of falling to $2,300?

Ethereum price falls below $2,750 – is it in danger of falling to $2,300?

On November 21, 2025, the price of Ethereum (ETH) falls to $2,730, down 3% compared to the previous trading day. Strong selling pressure from both individual and institutional investors, particularly from the US, has triggered this downtrend. According to FXStreet, US investors are largely responsible for the reduced trading activity, which has significantly impacted Ethereum's overall performance.

Another worrying aspect is the Coinbase Premium Index, which has reached its lowest level since February with a value of -0.128. In parallel, Ethereum-based ETFs have suffered over $1.28 billion in outflows over the past eight days, indicating continued selling interest.

Market analysis and trends

Analysis suggests that Ethereum has been unable to clear key resistance at $2,850 and could potentially retreat to $2,300 if negative market sentiment continues. The significant selling pressure and declining active addresses—over 25% to 356,000, its lowest level since June—underscore the challenge ETH is facing in the current market period.

Additionally, US spot Ethereum ETFs are seeing the largest outflows since their launch in 2024. Futures traders in the US are reducing their risk, as evidenced by an open interest of 2.13 million ETH on the CME, compared to 2.53 million ETH on Binance. Total purchasing power across all trading venues fell by 500,000 ETH in 24 hours, despite seeing a weekly increase of 250,000 ETH.

Liquidations in the Ethereum market total $407.5 million in the last 24 hours, with $340.6 million in long positions. These developments indicate a high level of uncertainty and volatility, and analysts emphasize the need for ETH to rise above the Exponential Moving Averages (EMAs) to signal an uptrend. The Relative Strength Index (RSI) as well as the Stochastic Oscillator (Stoch) are already showing signs of oversold, which could indicate a possible short-term recovery.

Perspectives for the future

Current market numbers and user behavior suggest that Ethereum is facing challenging weeks ahead. Should the risk-off sentiment continue, ETH could stabilize at a support level around $2,300, while a look back at $2,850 is considered a crucial price limit. The coming months could be crucial in determining whether Ethereum returns to an upward trend or whether the downward trend continues.