Ethereum (ETH) price is down 15% this week as of November 12, and our machine learning algorithm projects that it is going to drop further by the end of the month.
More precisely, Finbold’s AI-powered prediction agent sees Ethereum trading at $1,915 on November 30, 2026, a price level not seen since August.
The price target is the mean result of two leading artificial intelligence (AI) models, DeepSeek Chat and ChatGPT-5.7 Luna, both of which gave roughly equivalent projections.
Namely, DeepSeek sees ETH falling to $1,925.5 on November 30, while OpenAI’s model sees it landing at $1,905.
Ethereum crash shows no signs of stopping
Ethereum (ETH) is down 15% this week as of November 12, and our machine learning algorithm projects that its price is going to drop further by the end of the month.
However, Ethereum-specific developments have also added to the negative sentiment. For example, BitMine, the largest corporate Ethereum treasury in the world, reportedly disclosed a $6.3 billion fiscal-year loss, while U.S. spot Ethereum ETFs recorded $144.8 million in net outflows on November 11, per SoSoValue.
From a technical perspective, ETH is also trading below its seven-day average of $2,038, with its hourly relative strength index (RSI) near 31, indicating weak short-term momentum. The $2,012 level now represents immediate support, while reclaiming $2,038 could open the door to a recovery toward $2,101. Conversely, a break below $2,000 could expose the next downside target near $1,970.
Ethereum price outlook
Overall, Ethereum’s latest decline appears to reflect a combination of broader macroeconomic pressure and ETH-specific selling rather than a single confirmed catalyst.
For now, the $2,000-$2,012 support zone and the ability to reclaim $2,038 are likely to determine the cryptocurrency’s near-term direction, which is likely to depend on how much risk the market is willing to tolerate in the coming weeks.
Featured image via Shutterstock