After several days of downwards action, the crypto market is finally showing signs of coordinated strength. Bitcoin has reclaimed $91K, ETH is accelerating after a slower start, and capital is rotating back into higher-risk assets. The last 24 hours have delivered something traders haven’t seen in days: price support across the board. This doesn’t mean the bull has been revived – but what it does mean is that there are wins to be had if you pick the right coins.
If majors are your thing on account of their deep liquidity, lower volatility, and readily available perps markets, we’ll cover the current state of play with BTC and ETH and examine which coin is likely to perform best this November. If you’re more into moonshots that have the potential to generate multiple X’s if everything goes to plan, we’ll also check in on the EV2 presale. But let’s start at the top by taking a closer look at Bitcoin over the last 24 hours.
Bitcoin remains the gravitational center of the market and should be the starting point for any serious crypto analysis. After dipping this week, BTC pushed back above the $91K zone on November 18 before retreating slightly to $90,500 as it prepares to build support at higher levels. Over the last 24 hours, BTC is down 3%, but the worst of the blood-letting appears to be over. Bitcoin dominance, meanwhile, has dipped slightly and now stands at 58%.
Ethereum, meanwhile, is showing a different type of strength. Instead of an aggressive bounce, ETH spent the early part of the week breaking down and dipped below $3K at one stage. In the last 24 hours, ETH has shown that it may be done with retracing the tape, with $3K the support level for a slow grind higher. The five-day ETH price prediction sees $3.3K being the next target, so better times lie ahead.
The recent pullback flushed excessive leverage out of the system. Forced liquidations did their damage, funding rates reset, and open interest cooled off. Both majors are now consolidating on cleaner spot demand as opposed to the fumes of reckless leverage. That’s not to say that a little leverage is a bad thing, but when the market is net long, it invariably ends badly. Then things reset and the process begins all over again.
Institutional behavior reinforces this trend. ETF inflows into Bitcoin remain steady, and ETH is benefiting from upcoming staking and L2 catalysts. Onchain data shows BTC and ETH leaving exchanges at increasing rates, a classic signal of accumulation rather than distribution. Rather than running scared, traders are now hunting for opportunities. Which brings us onto our next noteworthy crypto event to be aware of this week – EV2.
Away from the ebb and flow of the crypto blue chips, tokens are also shifting into other blockchain verticals – and in the case of web3 gaming, they’re only moving in one direction. Smart money is being directed at the EV2 presale, which is rapidly gaining traction since launching at the start of the week.
The space-combat MMO, developed within Funtico’s gaming ecosystem, has launched its token presale and demand is already heating up. EV2’s value proposition is simple: gameplay first, blockchain second. That might sound obvious, but it’s surprising how many web3 games forget that their primary purpose is to entertain. The tech is merely the medium. Instead of forcing players through crypto onboarding hoops, EV2 leads with immersive combat, cinematic visuals, and a progression system tied to onchain ownership.
Players can collect wearables and rare assets that are actually usable inside the game — not just static NFTs gathering dust in a cold wallet. Early $EV2 supporters get first access to the most desirable gear, making the presale feel more like a game launch than a speculative token drop.
Zooming out on this week’s state of play and it’s clear that the market isn’t merely recovering – it’s rotating and repositioning. Stay alert to emerging opportunities, then, but also stay selective. And remember: when both BTC and ETH start climbing together, the rest of the market rarely stays quiet. Crypto is back on the menu.
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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