- Ethereum records eight red months in 2025, matching one of its most pressured historical periods.
- November shows forced selling exhaustion as volume rises while price losses slow across major sessions.
- Short-term action reflects sharp intraday decline after Federal Reserve guidance triggered rapid derisking.
Ethereum enters the final stretch of 2025 following an extended period of negative monthly performance, with market data showing reduced forced selling and early stabilization after months of persistent downside pressure.
Persistent Red Months Define Ethereum’s 2025 Trend
The Ethereum monthly returns chart shows that 2025 ranks among the asset’s most challenging years, with eight red months recorded. This sequence places the current cycle beside only one prior year that registered a higher number of negative months. The data suggests a market shaped by structural selling rather than discretionary trading decisions.
A message shared by Milk Road supports this pattern, noting that months of persistent decline often reflect forced selling from funds and traders managing liquidity. February’s drop near 32 percent and the repeated losses through July reflect pressure from participants reducing exposure rather than shifting sentiment. Limited follow-through in green months confirms that buying activity remained constrained throughout the year.
November Washout Points to Forced Seller Exhaustion
The November reading on the chart reflects a deep negative return paired with rising trading activity, forming the washout phase often seen near the end of extended stress cycles. Milk Road noted that selling volume picked up while price stopped accelerating lower, indicating that the market absorbed the majority of liquidation flows during this period.
Comparisons with earlier years show that difficult stretches such as 2018 or 2019 contained intermittent recoveries, whereas 2025 shows a more continuous downward sequence. The absence of strong rebounds signals a market environment dominated by liquidity needs. Yet December’s positive return suggests early stabilization as forced sellers exit the market.
Short-Term Chart Shows Macro-Driven Drop
The 24-hour chart reveals a late-session precipitation which was preceded by the recent cut in the Federal Reserve rates and a hawkish view. Ethereum was trading between $3,175 and $3, 240 all through the course of the day, only to plummet quickly to $3,053. The shift reflects a market reacting to policy guidance rather than internal weakness.
Supporting metrics show Ethereum’s market cap at $368.59 billion after a 3.96%decline, with 24-hour volume rising 22.8% to $26.21 billion. The increased turnover suggests active derisking during the drop. Despite the decline, circulating supply remains stable at 120.69 million ETH, and the asset retains a full profile score, indicating consistent market participation even during volatility.
