Is Ethereum setting up to outperform Bitcoin in November?

Risk assets are pulling back over the weekend. Is this more than just a coincidence? With U.S. President Donald Trump hinting at the possibility of the U.S. attacking Iran, the market has become highly volatile. Bitcoin crashed below $80k, while ETH slipped below $2.3k. However, traders are shrugging off the drop as a “strategic” washout as it goes into the weekend. As order books thin, sell pressure increases. If high-caps break below key support, this causes longs to be liquidated in a chain reaction. Thus, this could be just another weekend dump. Supporting this, Altcoin Open Interest (OI) is down almost $9 billion from its local peak, showing that leverage is already getting flushed out. Meanwhile, Ethereum is nearing a major whale liquidation zone, keeping downside risks in play.

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