Ethereum (ETH) Slides 9.3% in 24 Hours, Outpacing Bitcoin's Drop

Early Asian trading on 15 November set the tone: the Ethereum (ETH) price slipped to about $1,745, and COINOTAG's live monitoring put the loss over 24 hours at 9.3%, after the asset had printed $1,761 at the start of the session. Bitcoin (BTC) stood at $64,072 at that same reading, down roughly 4% on the day, and the performance gap between the two largest digital assets widens with every additional timeframe. Over the past week Bitcoin has lost 13% while Ethereum has shed 17.6%, and from the start of the year the declines run 24.7% against 38%. Distance from the records repeats the pattern: Bitcoin sits about 47% below the all-time high of $126,080 it set in October 2025, while Ethereum trades roughly 62% below its August 2025 peak of $4,946. Deleveraging set the pace of the latest leg: derivatives data shows about $637 million in Bitcoin positions and $257 million in Ethereum positions liquidated within 24 hours. The dollar totals favor the larger market, but the percentage damage landed on Ethereum, where resting bids thinned out faster and sellers had to cross wider gaps to find buyers.

Our own composite readings show how stretched the move has become. Ethereum's relative strength index sat at 18.91, deep in oversold territory, and the trend signal still reads downtrend. The strongest support below the market sits at $1,574.26, scored 58 out of 100 in our support and resistance model, where a Fibonacci extension, a point of control and a weekly level converge; overhead, $1,968 carries the highest resistance score on the map at 93 out of 100. Positioning adds a wrinkle: perpetual funding prints at -0.0036%, so longs are paying shorts, yet 81.1% of accounts remain long, a 4.28 long/short account ratio. Our Ethereum technical analysis page tracks both levels as they update.

The two assets are built for different jobs. Bitcoin's supply is capped at 21 million coins, which makes it the oldest and largest digital asset by market value. Ethereum (ETH) is a programmable platform whose token also pays staking rewards, and about 36.3% of that supply is currently staked, so a large share of holders collects yield on a falling asset. That flexibility attracts capital in an upswing and can amplify the pain when sentiment turns, which is what the last seven days have shown.

2018 and 2022 Precedents

The record shows the gap is a recurring feature rather than a one-off. In 2018, Bitcoin fell 82.8% from its January high of $18,578 to a December low of $3,189, while Ethereum collapsed 94.8%, from $1,570 to $82. Bitcoin reclaimed its 2017 peak in December 2020; Ethereum's monthly close that same month, at $744, still sat far below its 2018 high. The 2022 cycle ran the same sequence: Bitcoin dropped 77.3% from $68,770 in November 2021 to $15,598 a year later, then cleared the old high at $73,628 in March 2024, while Ethereum bottomed earlier, at $897 in June 2022, and waited until August 2025 to print a new record.

Recent readings echo the asymmetry. Daily return volatility computed for the window from Oct 1 to Nov 13 ran 2.8% for Ethereum (ETH) against 2.1% for Bitcoin, and Ethereum's worst single-day drop in that span reached 7.3% versus 5%. Liquidity explains much of it: Bitcoin's market cap near $1.33 trillion and its roughly $36.2 billion of 24-hour volume dwarf Ethereum's about $225 billion and $13.6 billion, letting sellers find counterparties faster on the larger asset.

Both assets also trade on stock exchanges through spot ETFs, among them the Grayscale Bitcoin Mini Trust and the Grayscale Ethereum Staking Mini ETF, a route that gives institutions a second exit channel. The staking layer is the slower one. Because Ethereum runs on proof of stake, withdrawals are processed by validators under a network cap of roughly 57,600 ETH per day; in September 2025 the exit queue swelled to 2.65 million Ethereum (ETH) and waiting times stretched past 46 days. Over five years the divergence is stark: Bitcoin has returned 3.2% while Ethereum has lost 59.8%. The counterweight sits on the upside, where the climb from the 2018 low to the 2021 high carried Bitcoin about 21.5 times higher and Ethereum about 58 times. The level that decides which mode applies next is Bitcoin's June low at $58,566: while it holds, Ethereum has the historical profile to lead a rebound with outsized gains, and if it breaks, the drawdown gap tends to widen further. However the next leg resolves, Ethereum underperforming Bitcoin on the way down has now defined the relationship across three bear markets and, on the five-year measure, for roughly half a decade.