TLDR
Ethereum price climbed back above $3,000, up 3.5% to $3,037 after falling nearly 40% over the past month
U.S. spot Ethereum ETFs recorded their fourth consecutive day of inflows, adding $78 million and pushing total inflows above $12 billion
BitMine added 69,822 ETH worth roughly $197 million last week, bringing their total holdings to 3.63 million ETH valued at over $10 billion
Large wallets holding 10,000-100,000 ETH now control more than 21 million ETH, the highest balance ever recorded
Technical indicators show ETH climbing off the lower Bollinger Band with RSI at 41.9 and MACD crossing into positive territory
Ethereum has climbed back above the $3,000 mark, trading at $3,037 as of November 27, 2025. The move represents a 3.5% daily gain for the world’s second-largest cryptocurrency.
The recovery comes after a difficult month that pushed ETH down almost 40%. The token remains 38% below its all-time high of $4,946 set in August.
Trading volume stood at $21 billion over the past 24 hours, down about 5% from the previous day. Futures volume dropped 10% to $76 billion, according to CoinGlass data.
Open interest rose 6.59% to $37 billion. A rise in open interest during a price recovery typically shows traders adding new positions instead of closing existing ones.
ETF Flows Drive Demand
U.S. spot Ethereum ETFs brought in $78 million in net inflows during the latest session. This marks the fourth straight day of inflows, according to SoSoValue data.
Cumulative net inflows have now pushed above $12 billion. Spot ETFs create direct market demand because issuers must buy ETH to back their shares.
Tom Lee’s BitMine added 69,822 ETH last week. The purchase was worth roughly $197 million at the time.
BitMine now holds approximately 3.63 million ETH. The company’s total holdings are valued at over $10 billion.
Whale Activity Increases
Large Ethereum holders have been accumulating tokens. Wallets holding between 10,000 and 100,000 ETH now control more than 21 million ETH.
This represents the highest balance ever recorded for this wallet category. A November 26 report from CryptoQuant contributor Arab Chain documented the trend.
The largest holders, those with more than 100,000 ETH, accumulated an extra 4.3 million ETH in recent months. Binance’s ETH reserves dropped to 3.76 million tokens.
The drop in exchange reserves suggests coins are moving into long-term storage or staking. These movements reduce sell-side supply available on exchanges.
Technical Picture Improves
Ethereum’s daily chart shows the price climbing out of a downtrend. ETH is now pushing against the middle band of its Bollinger setup.
The token spent weeks near the lower band, which often marks exhaustion in a sell-off. The relative strength index has moved up to 41.9.
MACD has crossed into a mild buy zone. The indicators show the market is building strength from oversold territory.
ETH trades just above its 10-day moving averages, which have flipped into short-term buy territory. Heavier averages from 20-day to 200-day still lean bearish.
If price holds above $3,000, ETH could move toward the $3,115-$3,250 zone next. A failure to hold this level may pull the price back toward $2,850.
Binance’s ETH reserves dropped to 3.76 million tokens, suggesting continued movement off exchanges into long-term storage.
