What to Expect From Ethereum Price in November 2025
Ethereum historically performs well in November, and current on-chain data suggests fading selling pressure and strong whale accumulation.Summary
Ethereum (ETH) is entering November with cautious optimism, despite a weak October, as historical data shows November averages a 6.93% gain for ETH. Key on-chain metrics suggest selling incentives are diminishing; the Net Unrealized Profit/Loss (NUPL) has dropped near a level that previously preceded a significant price jump. However, there is a divergence in investor behavior: large wallets (whales) holding 1,000 to 100,000 ETH increased their balances by 1.64 million ETH in October, while the Holder Accumulation Ratio (HAR) indicates that long-term holders are trimming exposure. Analyst Shawn Young suggests this split reflects whales positioning for growth assets like ETH due to staking yield and adoption, while others wait for confirmation. Technically, a hidden bullish divergence on the 2-day chart suggests sellers are weakening. Key resistance levels are $4,070 and $4,240, with a break above $4,200 potentially leading to $4,500–$4,700, supporting a constructive macro outlook.
(Source：BeInCrypto)