Ethereum's liquidity has reset to historical lows, with market depth reaching previous cycle lows as of November 2025, according to Altcoin Vector. This development suggests a potential major price rebound and increased institutional scrutiny amid ongoing market volatility. Despite the uncertainty, staked ETH has reached record levels, reflecting long-term investor confidence. Analysts highlight that such liquidity resets have historically preceded major market bottoms, although Ethereum's leadership has not commented on the situation.