Ethereum (ETH) Price: Holds Above $2,900 As ETF Inflows Reach $96 Million

TLDR

• Ethereum price holds above $2,900 after a 2% increase to $2,903 in 24 hours
• US spot Ethereum ETFs recorded $96.67 million in net inflows on November 24, with BlackRock contributing $92.6 million
• Large whale wallet BitMine added 69,822 ETH worth over $200 million, now holding 3.63 million ETH
• Coinbase Premium Index rose from -0.12 to -0.02, showing improved US investor sentiment
• Federal Reserve rate cut odds jumped from 30% to over 80% for December meeting

Ethereum price climbed 2% to reach $2,903 in the last 24 hours. The second-largest cryptocurrency by market cap has maintained its position above the $2,900 level.

The broader crypto market increased by 1.24% during the same period. Bitcoin, Solana, XRP, and Dogecoin also posted small gains.

US spot Ethereum ETFs recorded $96.67 million in net inflows on November 24. BlackRock’s Ethereum ETF accounted for $92.6 million of this total. This marked the first inflow for BlackRock’s Ethereum ETF in two weeks.

The ETF inflows came after an eight-day streak of outflows. Monday’s inflows represented the second consecutive day of positive flows for Ethereum ETF products.

The Coinbase Premium Index showed improvement in US investor sentiment. The metric rose from -0.12 last Thursday to -0.02 on Monday. While still negative, the increase suggests US investors are pricing ETH higher than a week ago.

Whale Activity Increases

Large investor BitMine added 69,822 ETH to its holdings last week. The purchase was valued at over $200 million. BitMine now owns 3.63 million ETH, representing roughly 3% of Ethereum’s total supply.

Whale wallets holding 10,000 to 100,000 ETH increased their collective holdings by 440,000 ETH over the past week. These large holders appeared to be accumulating as prices dropped below their average cost basis.

Smaller whale cohorts took a different approach. Wallets holding 1,000 to 10,000 ETH distributed 100,000 ETH during the same period. Wallets with 100 to 1,000 ETH sold 120,000 ETH.

Technical Indicators Show Mixed Signals

The MACD indicator crossed above its signal line on the four-hour chart. The histogram also turned positive. These readings suggest possible bullish momentum in the near term.

The RSI sits near the neutral level of 50. A move above this level could indicate strengthening buying pressure.

Ethereum has traded between $2,700 and $3,300 in recent weeks. The price currently sits in a consolidation phase. Traders are watching the $3,000 resistance level closely.

A break above $3,000 could push Ethereum toward the descending channel’s upper boundary near $3,100. This level sits just below the 20-day Exponential Moving Average.

Rate Cut Expectations Rise

Federal Reserve rate cut odds increased sharply over the past week. The probability of a rate reduction at the December meeting jumped from around 30% last Thursday to over 80% on Tuesday.

The improved rate cut expectations coincided with the return of US investor interest in Ethereum. However, uncertainty remains about whether the current price level represents a bottom.

ETH futures saw net outflows of $4.31 billion over the past seven days. Inflows returned this week with $735.46 million entering futures markets over the past three days.

Futures liquidations totaled $80.8 million in the last 24 hours. Short positions accounted for $51.3 million of these liquidations.

Support for Ethereum sits at $2,850, which the cryptocurrency recently reclaimed. The lower boundary of the descending channel provides additional support below this level. Ethereum traded at $2,903 as of November 25, 2025.

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