Ethereum reclaims $3,000 as traders ramp leveraged positioning; $3.4K target and liquidity cluster near $3,390–$3,400 add upside potential while resistance remains

first published 2025-11-27T05:26:53Z

ETH rose to $3,037 (+3.5%) after U.S. spot ETH ETFs recorded a fourth consecutive day of inflows ($78M) and cumulative ETF inflows topped $12B. Open interest increased ~6.6% to $37B while futures volume fell, suggesting new positions were added during the recovery. Institutional/whale accumulation continued (BitMine added ~69,822 ETH; 10k–100k ETH wallets now hold a record >21M ETH) and Binance reserves declined to ~3.76M ETH, reducing sell-side supply. Technicals show an early rebound: price moved off the lower Bollinger Band, RSI ~41.9, MACD in a mild buy zone and price above the 10‑day MA; near-term resistance is ~ $3,115–$3,250 with support near $2,850.

AI Analysis

Price rose to $3,037 (+3.5%) concurrent with four straight days of spot ETH ETF inflows ($78M that day; cumulative >$12B). Open interest rose ~6.6% to $37B while futures volume fell, implying new positions were added. Large holders increased balances (BitMine +~69,822 ETH; 10k–100k ETH wallets hold a record >21M ETH) and Binance reserves fell to ~3.76M ETH, reducing available sell-side supply. Technical indicators (off lower Bollinger Band, RSI ~41.9, MACD mild buy, price >10‑day MA) point to an early rebound with nearby resistance $3,115–$3,250 and support ~$2,850.

Source Articles