Ethereum (ETH) Bearish Outlook Persists as Traders Debate If Bottom Is In at $2,800–$2,900 Support

COINOTAG News, on November 20, reported that market sentiment remains bearish as traders weigh whether a definitive bottom has formed. According to Greeks.live researcher Adam, price action shows a divergence in signals, keeping the narrative near a critical support zone rather than a clear breakout.

Market participants are watching key technical anchors for ETH around $2,800 to $2,900 and BTC near $90,000, where volume and order-flow trends could validate the next leg. A breach of these supports may recalibrate risk models and shift the odds toward a prolonged consolidation rather than an immediate macro rally.

The core disagreement centers on whether current levels have already priced in the nadir, with risk management teams flagging cautious allocations as liquidity conditions remain constrained. Until a clearer macro signal materializes, traders are prioritizing risk controls and watching liquidity-driven catalysts that could resolve the bearish bias in the near term.