Ethereum (ETH) still struggling in the crypto markets

The price of Ethereum in the crypto markets is still under pressure. 

If in the last seven days Bitcoin has lost 13%, Ethereum is down 15%, extending to 24% over the past thirty days, compared to Bitcoin’s -17%.

The struggles of ETH in the crypto markets are therefore slightly more pronounced than those of BTC, but they stem from deeper-rooted reasons. 

Ethereum’s Struggles

The price of Ethereum reached its all-time high in August, which was three months ago. 

Instead, Bitcoin recorded its highs just under a month and a half ago. 

Furthermore, if BTC is at -2% year-to-date, ETH is at -8%.

After surpassing $4,000 in December of last year, the price of Ethereum in 2025 had plummeted below $1,500 by April. 

It seemed to be imploding, but by May the crypto markets had already recovered to the point where ETH managed to reclaim at least $2,400.

In July, however, a genuine bullrun began for the world’s second-largest cryptocurrency by market capitalization, resulting in a remarkable +90% increase in just over a month and a half.

The issue, however, is that starting just before mid-October, it then recorded a -35% drop, bringing it back to around $3,000.

The current level is in line with the average of the second half of 2021, which is significantly below the peak reached that year. However, for example, Bitcoin is still well above. 

Negative News

In reality, there are no genuinely negative news regarding Ethereum that could have adversely affected its price to such an extent. 

These are most likely just speculative fluctuations, which began with Trump’s victory in November of last year, and then continued through highs (in three phases) and lows (in two phases). 

In fact, among all the news circulating about ETH, there is one that should be positive, namely the upcoming update expected to occur in early December thanks to the Fusaka fork.

The recent trend in Ethereum’s price does not appear to be genuinely influenced by news, but rather by pure market movements likely tied to sheer speculation. 

The only truly significant negative news is still tied to speculation, and concerns the substantial outflows of dollars from spot ETFs starting from November 11. 

The Forecasts

At this moment, it doesn’t seem that Ethereum has the strength to climb back up on its own. 

In fact, it is very likely that it will follow Bitcoin. 

In theory, it is still possible for the price of BTC to rebound in the coming days, bringing Ethereum along with it. 

It should not be forgotten that the price of Ethereum in Bitcoin has been declining over the last three months, as it has dropped from the August peak of 0.043 BTC to the current 0.033 BTC. 

In fact, to be precise, at the beginning of November it had dropped to 0.032, but then it marked a slight rebound.

However, since November 7, it has barely moved from 0.033 BTC, demonstrating that in recent weeks the price of Ethereum is anchored to that of Bitcoin. 

This leads to the belief that if BTC rebounds, ETH might do so as well, possibly even within the same timeframe. 

Currently, there are not many positive signals in this regard, but at least the crash of the first two weeks of November now seems to have halted, in the short term. 

It should be noted that several optimistic medium-term forecasts are still circulating, with many believing a return above $4,000 or even above the all-time highs of $4,900 is possible in the coming months. 

Buterin’s Statements

Recently, the renowned co-founder of Ethereum, Vitalik Buterin, stated that quantum computers could break the current cryptography of its protocol by 2028. 

These statements, although grim, do not seem to have impacted the price of ETH, also because in the crypto sector three years are more than sufficient to find and implement solutions. 

The issue has indeed been known for a long time, and many potential solutions have actually already been identified. In theory, it would be enough to implement them into the protocol, although this is much easier said than done. 

Therefore, it remains the case that there doesn’t seem to be any bad news negatively impacting the price of ETH.