Nov 17, 2025
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Crypto Market Pulls Back With Bitcoin at $95,400 and Ethereum $3,155
The global crypto market has retracted to approximately $3.23 trillion, showing signs of weakness across most top tokens.
- Market sentiment is low with the Fear and Greed Index at 18, indicating extreme fear.
- The average Relative Strength Index (RSI) for major coins is around 41, suggesting oversold conditions.
- Bitcoin is trading near $95,400 and Ethereum around $3,155, with minimal daily movement among large-cap assets.
Insights from Tom Lee
- Tom Lee, BitMine chairman, suggests current market weakness could be due to liquidity issues among market makers.
- Lee highlights Bitcoin's significant growth since his 2017 recommendation and suggests Ethereum may experience a similar long-term rise.
- He warns that past rallies involved enduring sharp declines, some up to 75%.
Current Market Analysis
- Short-term indicators show stress, with the Fear and Greed Index at a low level and RSI readings pointing to more selling than buying.
- Reports suggest Ether's trading price is above the mean cost basis of long-term holders, potentially offering support.
- Bitcoin has decreased by about 20% from its recent peak, while Ethereum has fallen over 30%.
Ether Holder Levels and Altcoin Performance
- Ethereum reached $4,940 in August but now aligns closer to long-term holder entry levels, hinting at a potential price floor.
- Altcoins like XRP, BNB, and Solana show little momentum, with slight gains from the previous week diminishing.
- Other tokens such as Tron, Dogecoin, Cardano, Chainlink, Hyperliquid, and Zcash face moderate selling pressure and low net movement.
Outlook and Recommendations
- Lee anticipates recovery signs within six to eight weeks and advises against using borrowed funds due to risk of forced sell-offs.
- Aggressive liquidation strategies by large firms may increase volatility.
Image credit: Unsplash, TradingView