According to Bijié Wǎng, Ethereum is navigating a volatile market environment amid concerns of a short squeeze following heavy selling by institutional investors and platforms. As of November 24, 2025, the token traded between $2,800 and $2,850, down about 28% from a month earlier. Despite a slight recovery, macroeconomic headwinds and a decline in expectations for a December Federal Reserve rate cut have intensified bearish pressure. Meanwhile, BitMine Immersion has been aggressively accumulating Ethereum, increasing its holdings to 3.63 million ETH, or about 3% of the total supply, injecting $24 billion into 24-hour spot trading volume. The upcoming 'Fusaka' Ethereum upgrade in December, aimed at improving scalability via EIP-4844, is seen as a potential catalyst for DeFi and real-world asset tokenization, which has surpassed $7.4 billion in value. Analysts from Coindcx and Brave New Coin suggest that holding the $2,400 to $2,500 support level is crucial for a potential rebound toward $4,000, though bearish candlestick patterns and rising seller volume indicate structural fragility.
Ethereum Faces Bear Market Pressure Amid Short Squeeze Fears and Fusaka Upgrade Outlook
币界网Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.