Ethereum (ETH) Breaks $3,000 Again, What’s Driving the Rise?

Jakarta, Pintu News – Ethereum (ETH) managed to break back through the $3,000 mark after several weeks of sharp declines. The rise was driven by fund inflows into Ethereum-based exchange-traded funds (ETFs) and massive accumulation by whales, which helped stabilize the market. Read the full analysis here!

Ethereum Price Recovery: An Analysis

Ethereum is now trading above $3,000, at $3,037, with a daily gain of 3.5%. This rise comes after Ethereum experienced a nearly 40% decline in the past month, which left it 38% below its record high of $4,946 reached in August.

The 24-hour trading volume stood at $21 billion, down about 5% from the previous day. However, derivatives activity showed a different picture, with futures volume down 10% to $76 billion, while open interest rose 6.59% to $37 billion.

Read also: QCP Gets Aggressive: Strengthen Crypto Trading Access for Large Investors in Various Countries

ETF Fund Flows and Corporate Accumulation Support Prices

The spot Ethereum ETF recorded a strong session with net inflows of $78 million, according to data from SoSoValue. This was the fourth consecutive day of inflows, pushing total net inflows to over $12 billion. This steady flow of funds is important as spot ETFs create real market demand.

Issuers have to buy ETH to back their shares, which can support the price during weak market phases. In addition, institutional interest also continues to grow outside of ETFs. Tom Lee’s BitMine added 69,822 ETH last week worth about $197 million, increasing its total holdings to about 3.63 million ETH.

Also read: Grayscale’s New Dogecoin ETF Falls Short of Expectations, Lackluster Trading Volume!

Technical Analysis of Ethereum Price

Ethereum’s daily chart shows the price starting to rise from a steady downward trend. ETH is now trying to break the middle band of the Bollinger setup after spending several weeks near the lower band, which often signals exhaustion in selling.

Momentum is also improving, with the relative strength index rising to 41.9 and the MACD having moved into a mild buy zone, indicating that the market is trying to build strength from oversold territory. ETH is trading just above its 10-day moving average, which has moved into short-term buy territory.

Conclusion

If the bulls can keep the price above $3,000, ETH could head to the $3,115-$3,250 zone next. However, if it fails to maintain this level, the price could drop back down to $2,850, where buyers started to enter earlier this week. This latest rise shows strong recovery potential amid previously uncertain market conditions.

FAQ

What is the current price of Ethereum (ETH)?

Ethereum (ETH) is currently trading at $3,037.

What caused the recent rise in Ethereum price?

Ethereum’s price rise was driven by fund inflows into Ethereum-based ETFs and massive accumulation by whales.

What are the total net inflows into the Ethereum ETF?

Total net inflows into the Ethereum ETF have exceeded $12 billion.

What does technical analysis show for the Ethereum price?

Technical analysis shows that Ethereum (ETH) is trying to build strength from the oversold region and has the potential to rise further if it can maintain prices above $3,000.

What was Ethereum’s trading volume in the last 24 hours?

Ethereum’s trading volume in the last 24 hours was recorded at $21 billion.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Crypto News. Ethereum Price Reclaims $3K Spot, ETH ETFs Inflows 2025. Accessed on November 28, 2025
• Featured Image: Generated by AI