Ethereum Market Update and Setup Friday 11/21/2025
- Nov 21, 2025
- 2 min read
Ethereum is still taking its cues from Bitcoin, and since Bitcoin remains under selling pressure, the broader environment is bearish.
However, one important detail stands out: ETHBTC has not broken down.
ETHBTC is currently forming a Doji candle, meaning buyers and sellers are in a standoff.
This suggests the weakness you’re seeing in ETH is primarily coming from Bitcoin’s decline—not Ethereum itself. If ETHBTC can hold its current support and eventually break above its daily lower-high trendline, it would trigger a quick and meaningful rally for ETH.
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