Hallo zusammen!

Let’s dive into the market on this Wednesday, November 19, 2025.

Yesterday, we saw a positive day for all the assets we analyze: BTC +0.88%, ETH +3.12%, SOL a powerful +7.46%, and BNB +2.46%. The European open was negative, only for the market to rebound during the American session. This is a frequent, almost contradictory, dance in crypto.

Despite these green candles, I still see a clear path of decline.

ETH’s Reality Check: The Rounding Top

I must admit, when ETH hit its All-Time High after BTC surpassed the $120,000 barrier, I was one of those people who felt it was ETH’s stellar moment. I even had expectations of it reaching $7,000. In June of this year, ETH began a run that took it from $2,400 to $4,955. But then, for various reasons (which I won’t mention, as news often adds noise to the clarity of the charts), the picture began to change. Clear zones of selling pressure emerged, especially around $4,761, crushing the narrative of a new ATH.

Looking at the chart today, the price seems unable to find a definitive floor. It’s impossible to know if the end of this Rounding Top formation will be $2,400 or $1,525. But one thing I do know about ETH’s behavior is that sometimes (more often than one would like), an impulse that seems insurmountable eventually deflates back to its origin.

Before, everyone said ETH would flip BTC in market capitalization. Now, that idea feels almost like a joke.

This brings me to a question for you: What’s your opinion? Has the narrative for ETH changed in the minds of its holders, especially after its inclusion in ETFs? What do you believe is the future of ETH? Will it be surpassed by BNB, SOL, or XRP?

My Current Technical Observations: Seeking Reversal Signs

• BTC ($91,400): Yesterday’s +0.88% formed a candle that looks like a potential first signal of reversal – something akin to a “tail candle” or hammer, which suggests buying pressure came in at the lows. This is a nascent sign, not a confirmation.
• ETH ($3,082): The +3.12% move formed what appears to be a Piercing Pattern candle. This is a more significant reversal signal, but it needs confirmation today.
• SOL ($138): A powerful +7.46% day. Solana often leads reversals due to its higher beta.
• BNB ($921): A solid +2.46% gain. As noted yesterday, BNB continues to show relative strength.

We’ll be waiting to see what the market brings today.

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The Macro Picture: Existing Home Sales

Today, Wednesday, November 19, 2025, the main economic announcement is:

• United States (10:00 AM ET): Existing Home Sales. This data point measures the number of previously owned homes sold. A strong number indicates consumer confidence and a healthy housing market, which could fuel inflation concerns. A weak number suggests economic cooling.

The market will be reacting to this data, alongside the ongoing sentiment shifts.

Final Thoughts: The Charts Are Talking

Yesterday’s positive moves are technically important as they hint at potential reversal patterns. However, it’s crucial to remember that these are early signs and require confirmation. The overarching picture of a “Rounding Top” and a potential return to origin for ETH (and BTC) remains my primary thesis.

Let’s keep observing. The charts are always talking; we just need to listen without letting external narratives cloud our judgment.

Disclaimer: This content is for informational purposes only and represents personal observations and technical analysis. It does not constitute financial, investment, or trading advice. Please conduct your own research and consult a professional before making any financial decisions. For our full statement, please read our disclaimer here: https://tavoplus.com/disclaimer/