Ethereum News Update: Ethereum Holds at $2,900 Amid ETF Purchases, Federal Reserve Ambiguity, and Liquidation Threats

On November 25, 2025, Ethereum (ETH) stabilized around $2,900 as investors assessed the chances of a 25 basis point interest rate reduction by the Federal Reserve in December, while also considering mixed signals from both on-chain data and technical analysis. The cryptocurrency, which ranks second by market value, had bounced back from a long-term support zone near $2,850, reigniting optimism for a possible surge to new record highs. Experts pointed to several contributing factors, such as increasing capital flowing into spot

ETFs, significant buying by major whale investors, and evolving expectations regarding U.S. monetary policy.

Recent ETH price movements were partly fueled by a shift of funds into alternative cryptocurrencies, a trend that gained momentum following the introduction of spot crypto ETFs. Data from Blockonomi showed that Ethereum ETFs attracted $96.67 million in net inflows on November 24, with BlackRock’s ETF accounting for $92.6 million—its first positive inflow in two weeks. This came after a previous week saw $1.5 billion in outflows, which had earlier dragged ETH’s price down to $2,800.

, as Polymarket traders now estimated an 80% likelihood of a December rate cut, a sharp increase from 30% the week before.

On-chain metrics also reflected a bullish outlook. According to CoinGlass, the amount of Ethereum held on centralized exchanges has dropped sharply since mid-August, a trend that has historically preceded price increases. At the same time, large whale accounts, including BitMine, accumulated 69,822 ETH valued at over $200 million, raising their total to 3.63 million ETH, or about 3% of the total supply in circulation. This accumulation, along with Bitcoin’s dominance falling to 58% from 61% at the start of November,

for an "altseason 2025".

Technical analysis presented a mixed picture. Ethereum’s MACD moved above its signal line on the four-hour chart, hinting at short-term upward momentum, but the RSI hovered close to the neutral 50 mark, suggesting subdued buying interest. The price was still trading below the 20-day exponential moving average (EMA) at $3,132, a key level for confirming a lasting recovery.

to $3,400 within a week if ETH surpassed $3,132, but cautioned that failure to break this level could see prices fall to $2,623.

Despite the prevailing optimism, some risks remained. The liquidation event on October 10 continued to affect sentiment, as institutional investors unwound leveraged positions in both

and Ethereum. Furthermore, to narrow the gap between market price and net asset value (NAV), a move that could intensify short-term selling.

Looking forward, the Federal Reserve’s December decision and broader liquidity measures were seen as crucial. The U.S. central bank’s planned quantitative easing (QE) starting December 1 was anticipated to increase global liquidity, and a successful rate cut could further encourage risk-taking in the markets.

introduced additional complexity, aiming to set its product apart by providing yield through on-chain staking—a feature not available in current spot ETFs.

Ethereum’s outlook remains challenging, but the combination of ETF inflows, whale accumulation, and shifting macroeconomic factors has set the stage for a possible move to $3,400. As traders await more clarity on the Fed’s policy direction and monitor Ethereum’s technical signals, the $3,132 level will be watched closely for a potential breakout.