Ethereum Price Today, 24 November 2025: ETH Holds Near $2,800 as BitMine Whale Buying and ETF Flows Steady the Market

Ethereum (ETH) is trading around $2,800–$2,850 today, 24 November 2025, staging a modest rebound after a bruising November sell-off that has wiped out a large chunk of this year’s gains.

Data aggregators put spot ETH near $2,830 at press time, corresponding to a market capitalization of just over $340 billion. That’s roughly 1% higher than yesterday, but still about 28% lower than a month ago and roughly 17% below its level one year ago. ^[1]

On major exchanges, ETH has oscillated between roughly $2,760 and $2,890 over the last 24 hours, opening near $2,800 and briefly probing the upper $2,800s before slipping back toward the mid-range. ^[2]

The latest bounce comes as:

The total crypto market cap grinds back toward the $3 trillion mark,
Spot Bitcoin and Ethereum ETFs log fresh inflows, and
Listed treasury giant BitMine Immersion ramps up its already enormous Ether holdings. ^[3]

Key takeaways

ETH price today: Trading around $2,800–$2,850, up roughly 1% over 24 hours, but still down about 28% over the past month and 17% year‑on‑year. ^[4]
Whale & treasury flows: BitMine now holds about 3.63 million ETH, roughly 3% of total supply, after adding close to 70,000 ETH last week—making it the dominant public Ether treasury. ^[5]
Technical picture: Analysts highlight resistance near $2,870–$2,960 and a ladder of supports around $2,720, $2,400–$2,500, and even $2,200 if selling resumes. ^[6]
Forecasts diverge: New reports published today outline downside scenarios toward $2,200 while still projecting potential rebounds toward $4,000–$7,000 over the next cycle. ^[7]
Next catalysts: Macro data, ETF flows, large‑holder behaviour and a December Ethereum upgrade are seen as the key drivers for whether today’s bounce can evolve into a sustained recovery. ^[8]

Ethereum price today: where ETH stands on 24 November 2025

At the time of writing, live market data from CoinGecko shows ETH trading around $2,830, implying a market cap just above $340 billion. ^[9]

Daily reference data from YCharts lists today’s Ethereum price at $2,799.81 (as of midnight UTC), about 1.13% higher than yesterday’s $2,768.62 and roughly 17.5% lower than $3,394 a year ago. ^[10]

Intraday statistics from Twelve Data, based on Binance trading, indicate that for 24 November 2025:

Open: ≈ $2,800
High: ≈ $2,890
Low: ≈ $2,760
Close (so far): ≈ $2,830, up around 1% on the day. ^[11]

Despite the green numbers on shorter timeframes, CoinGecko’s performance tables show Ethereum down just over 28% in the last month, versus an approximately 21.5% decline for the broader crypto market, highlighting ETH’s underperformance during the latest leg of the downturn. ^[12]

Broader crypto market: cautious risk‑on mood

Today’s ETH move isn’t happening in isolation. A sweep of market reports published on 24 November 2025 paints a picture of cautious optimism:

CryptoNews notes that total crypto market capitalisation has climbed back above $3.06 trillion, up about 1.4% over the past 24 hours, with Bitcoin around $86,900 (≈+1.3%) and Ethereum near $2,822 (≈+1%). ^[13]
A daily market note from Tradesilvania puts global crypto market cap closer to $2.97 trillion, with 24h trading volume up more than 26% to about $131.5 billion and Bitcoin dominance slipping to 58.5%, hinting at slightly stronger interest in altcoins. ^[14]

ETF flows remain in focus

Spot ETF flows are still a major driver of sentiment:

CryptoNews reports that U.S. spot Bitcoin ETFs saw around $238 million of net inflows on Friday, while spot Ethereum ETFs added roughly $55.7 million, easing fears of a sustained exodus from institutional products. ^[15]
At the same time, analysts quoted in the same piece warn that across equities and crypto, risk appetite looks tired, suggesting markets may be entering the “late stages” of the current growth cycle, which would make abrupt corrections more likely. ^[16]

Dogecoin ETF underscores expanding crypto ETF universe

Adding to the ETF narrative, Grayscale’s Dogecoin ETF (ticker: GDOG) launched today on NYSE Arca, giving traditional investors regulated, spot exposure to DOGE. Bitget’s explainer notes that GDOG holds actual Dogecoin and mirrors the structure of existing Bitcoin and Ethereum spot ETFs, marking the first U.S.-listed spot product tied directly to Dogecoin. ^[17]

While not ETH-specific, the arrival of a Dogecoin ETF reinforces a broader trend: regulators are increasingly comfortable with crypto‑backed securities, which could support long‑term institutional adoption across major assets, including Ethereum.

BitMine’s huge Ether bet dominates today’s Ethereum headlines

If there is one Ethereum story everyone is talking about on 24 November, it’s BitMine Immersion Technology (BMNR) and its aggressive Ether accumulation.

BitMine now controls ~3% of all ETH

A detailed report from CoinDesk reveals that BitMine Immersion:

Bought 69,822 ETH over the past week,
Now holds about 3.63 million ETH,
Controls roughly 3% of total ETH supply, and
Sits on a combined $11.2 billion in crypto, cash and other assets, despite an estimated $4 billion in unrealised losses on its Ether position. ^[18]

CoinGecko’s treasury data puts total ETH held by public companies and governments at around 5.55 million coins, meaning BitMine alone now represents roughly two‑thirds of all reported Ether treasuries worldwide. ^[19]

Volume spike and OTC blocks

Other outlets zoom in on how the market is reacting:

Coinspeaker reports that ETH’s 24‑hour spot volume surged by about 35% to roughly $24 billion as BitMine executed its latest buys, with price attempting to retake the $2,850–$2,900 band after falling to lows near $2,664 last week. ^[20]
CoinCentral highlights another tranche of BitMine buying—about 21,500 ETH (~$59 million)—and estimates that ETH has rebounded around 10% from recent lows, trading near $2,841 with a daily gain above 4% at the time of its analysis. The piece also notes that the RSI near 40 reflects oversold conditions and sets key support around $2,800 and $2,450, with major resistance near $4,250. ^[21]

Meanwhile, a separate macro‑technical read from Crypto.news points out that even as BitMine ramps up accumulation, overall trend conditions still look fragile, with bearish candles and rising sell‑side volume signalling that the broader structure may be searching for a more solid bottom. ^[22]

In short: BitMine is buying aggressively into weakness, but there’s no unanimous agreement that the whale alone can reverse the broader downtrend.

Technical picture: ETH pinned between resistance and deep support

Today’s technical analysis coverage is remarkably aligned on one point: Ethereum is boxed in between heavy overhead resistance and a wide zone of supports below.

Short‑term levels: $2,870–$2,960 as key ceiling

An intraday overview from NewsBTC, syndicated via CryptoRank, describes the recent structure like this:

ETH failed to hold above $3,000 and began a new decline,
The drop accelerated below $2,880 and $2,800,
A local low formed near $2,621,
Price has since bounced back toward $2,840 and the 100‑hour moving average,
Immediate resistance is now seen around $2,890, with a trend‑line cap near $2,960 and a further barrier around $3,020. ^[23]

In parallel, Tradesilvania’s 24 November note identifies a rising‑wedge pattern pushing into a resistance zone around $2,872. If ETH is rejected there, their short‑term scenario points to potential pullbacks first toward $2,798, then $2,711, and their 96‑hour forecast leans 1–3% lower for ETH. ^[24]

Deeper supports: from $2,720 to $2,200 and below

Below the current range, analysts are watching a series of deeper support areas:

NewsBTC’s levels, via CryptoRank, highlight $2,720 as an important intraday support; a sustained break under that area could reopen the path toward the recent low near $2,620. ^[25]
Crypto.news points to a major weekly support zone near $2,222, derived from value‑area and Fibonacci levels, arguing that fading bullish volume raises the odds of ETH eventually probing that region if sellers regain control. ^[26]
Brave New Coin frames the $2,400–$2,500 band as a critical “lifeline” for bulls: hold that zone, and a recovery toward $4,000 remains on the table; lose it, and a more prolonged correction becomes likely. ^[27]

CoinCentral’s BitMine piece places initial support right where ETH is trading now—around $2,800—with a secondary cushion around $2,450, and reiterates longer‑term resistance around $4,250, where rallies have repeatedly stalled. ^[28]

Finally, Analytics Insight’s macro‑oriented report, also dated 24 November, notes that institutional forecasts currently span a wide band, from potential dips toward $2,200 on the downside to projections above $7,000 in more optimistic scenarios—underscoring just how uncertain the floor really is. ^[29]

How today fits into November’s brutal reset

To understand the significance of ETH hovering near $2.8k, it helps to zoom out.

YCharts’ historical series shows Ethereum sliding from above $4,100 in late October to roughly $2,800 today, implying a drawdown of around one‑third in just a few weeks. ^[30]

CoinGecko’s performance metrics quantify this as a 28% month‑on‑month decline for ETH, versus about 21.5% for the overall crypto market—confirming that Ether has underperformed during the recent correction. ^[31]

Regional coverage today echoes that narrative:

Indonesia‑based Pintu News notes that ETH has shed more than 27% of its value over the past month and warns that a price floor below $2,000 cannot be ruled out if the downtrend deepens. ^[32]
CryptoPotato’s fresh analysis says ETH remains under significant pressure as the broader market corrects, with traders focused on whether it can stabilise above major demand zones or if another leg down is coming. ^[33]

Yet not every update is gloomy. In a weekly outlook published today, Coindcx still sees room for a rebound:

Their base case projects ETH potentially testing the $3,870–$3,980 area by late December if ETF flows, DeFi activity and macro conditions cooperate,
Longer‑term scenarios in the same piece outline possible ranges between $5,000–$5,500 by late 2025 and $7,000–$8,000 in 2026 if adoption and upgrades stay on track. ^[34]

Similarly, Brave New Coin’s update argues that defending the $2,400–$2,500 zone would keep a path back to $4,000 alive, even if the current cycle has been “disappointing” compared with 2024’s highs around $4,500. ^[35]

Fundamental and macro drivers to watch next

Today’s 24 November coverage surfaces several key themes that traders and investors will be watching into late November and December:

1. Macro data and interest rates

Coindcx explicitly calls out upcoming U.S. PCE inflation data as a short‑term catalyst that could sway ETF flows and risk appetite. Macro surprises—positive or negative—have been tightly correlated with crypto moves throughout 2025. ^[36]

2. Spot ETF flows for BTC and ETH

Multiple analyses emphasise that sustained net inflows into spot Bitcoin and Ethereum ETFs are critical for any durable recovery:

CryptoNews highlights sizeable ETF inflows late last week,
Brave New Coin cautions that “soft” ETF demand has contributed to ETH’s recent underperformance and increased sensitivity to risk‑off episodes. ^[37]

3. Treasury and whale behaviour

Between Coindesk’s BitMine deep‑dive and CoinGecko’s treasury statistics, one trend stands out: large, long‑horizon holders are still adding ETH on dips, even as prices fall sharply. BitMine’s 3.63 million ETH stake now represents roughly two‑thirds of all publicly disclosed treasuries, underscoring how concentrated this segment has become. ^[38]

4. Network upgrades and on‑chain activity

Coindcx notes that the “Fusaka” upgrade, slated for December, aims to improve scalability and efficiency, potentially boosting Ethereum’s appeal for DeFi and tokenized finance. ^[39]
Coinspeaker, meanwhile, remarks that analysts are also eyeing a nearer‑term network update expected next week, which could add another layer of event‑driven volatility around current prices. ^[40]

5. Expanding ETF universe and regulatory environment

Bitget’s breakdown of today’s Dogecoin ETF (GDOG) listing underscores a regulatory landscape that is incrementally more open to spot products beyond Bitcoin and Ethereum. If GDOG attracts sustained inflows, it could encourage asset managers to broaden their offerings, indirectly influencing how capital rotates between ETH and other major altcoins. ^[41]

What this means for traders and long‑term holders

Short‑term traders: respect the range

For short‑term participants, today’s environment looks like a classic tug‑of‑war:

On one side, whale and treasury accumulation (BitMine and others) is providing a degree of support. ^[42]
On the other, technical analysts from NewsBTC, Tradesilvania and Crypto.news flag bearish patterns, rising wedges and weakening volume, all centred around the $2,870–$2,900 resistance band. ^[43]

If ETH continues to fail at $2,870–$2,960, the path of least resistance in the very short term may still be down toward $2,800, $2,720 or even the low‑$2,000s, depending on how aggressively sellers return. That makes position sizing, stop‑loss discipline and cautious use of leverage especially important in the coming days.

Longer‑term investors: volatility vs. thesis

For long‑term holders, the picture is more nuanced:

Reports from Coindcx and Analytics Insight stress that institutional ETH forecasts now span a huge range—from potential consolidation near current levels to bullish scenarios above $7,000 over the next major cycle. ^[44]
At the same time, Coindcx points out that stablecoin transactions on Ethereum reached about $2.82 trillion in October 2025, and institutional ETH holdings have climbed above $13 billion, reinforcing Ethereum’s central role in tokenized finance and staking. ^[45]

Against that backdrop, whether $2,800 ETH looks “cheap” or “expensive” ultimately depends on:

Your time horizon (days vs. years),
Your risk tolerance, and
Your conviction in Ethereum’s future role in DeFi, staking, real‑world asset tokenization and L2 ecosystems.

What is clear from today’s 24 November 2025 news cycle is that market opinion is sharply divided: some see a fragile bottom forming above the mid‑$2,000s, while others warn that a true capitulation low could still lie ahead.

Important notice

This article is intended for informational and news purposes only and does not constitute investment, trading or financial advice. Cryptocurrency markets are highly volatile, and you should always do your own research and consider consulting a qualified professional before making investment decisions. Never invest money you cannot afford to lose.