Ethereum Updates Today: Crypto Faces $1.16B Liquidation Turmoil—Is This a Setback or a New Beginning for Ethereum?
- In Nov 2025, crypto markets crashed as ETH fell below $3,600 amid macro pressures, DeFi hacks, and $1.16B in liquidations. - Trader Eugene took a long ETH position during the dip, aligning with analysts' cautious optimism about Ethereum's fundamentals. - A $128.6M Balancer protocol hack and $1.34B in ETF outflows exposed systemic vulnerabilities, triggering risk-off sentiment. - A weekend rebound added $33B in value temporarily, but analysts called it a "relief rally," not a sustained recovery. - Hong Ko
In early November 2025, the cryptocurrency sector experienced a significant downturn, as
The market slump, which reduced the total crypto market value to $3.69 trillion, was fueled by several overlapping factors.
Despite the chaos, the market saw a brief recovery over the weekend as traders bet on a short-term stabilization. Within six hours, the global crypto market cap increased by $33 billion, with Ethereum climbing back to $3,850 and
Eugene’s choice to go long on ETH during the downturn mirrors a tactic used by some investors who interpret the correction as a "healthy reset" after a period of rapid growth. "The broader economic outlook still favors future upside," said crypto analyst Lark Davis, even as he recognized the ongoing "persistent selling and anxiety," according to FinancialContent. Key factors to watch include institutional engagement and regulatory developments, with Hong Kong recently loosening crypto rules to draw international participants and boost liquidity, as reported by
Looking forward, the market is divided between those who are cautious in the short term and those who remain optimistic about the long run. Bitcoin’s ability to maintain crucial support levels, such as $100,000, will be pivotal, while broader economic trends—including the Federal Reserve’s interest rate policies—will continue to influence sentiment, FinancialContent added. For traders like Eugene, the ETH position highlights the value of dollar-cost averaging and a long-term approach, even as volatility and regulatory ambiguity persist.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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