Ethereum Price Today, November 24, 2025: ETH Rebounds Above $2,900 as ETFs Turn Positive and Whales Keep Buying

Ethereum (ETH) spent Monday, November 24, 2025, fighting back from one of its sharpest pullbacks of the year, reclaiming the $2,900 zone and briefly pushing toward $3,000 as the broader crypto market tried to stabilize after weeks of heavy selling. ^[1]

Key takeaways: Ethereum price on 24.11.2025

ETH closed around $2,950 on major spot markets, after trading between roughly $2,760 and just under $3,000 during the day — a gain of about 5.4% in 24 hours versus Sunday’s close near $2,800. ^[2]
Market cap climbed back to roughly $360 billion, up around 5% day-on-day but still more than 10% below its level a year ago. ^[3]
US spot Ethereum ETFs saw a strong daily net inflow of $96.6 million on November 24, led by ETHA with $92.6 million, hinting at renewed institutional dip-buying. ^[4]
BitMine Immersion now controls about 3.63 million ETH (≈3% of supply) and bought nearly 70,000 ETH in the past week, while analysts dispute its claimed average entry price and estimate unrealized losses in the billions. ^[5]
The move comes against a backdrop of a broader crypto “bloodbath”: Bitcoin is down almost a third from its October peak and Ethereum has dropped around 40% since last month, even after Monday’s bounce. ^[6]
Markets are already looking ahead to Ethereum’s “Fusaka” network upgrade, scheduled for December 3, 2025, which will boost data capacity and tweak staking and value capture — a widely cited medium‑term bullish catalyst for ETH. ^[7]

Ethereum price today (24 November 2025): snapshot

On Monday, November 24, 2025, Ethereum staged a decisive rebound:

Opening price: around $2,800
Intraday low: near $2,760
Intraday high: just below $3,000
Daily close: around $2,950 on major USD pairs like ETH/USD (Binance), up roughly $151 from the previous day’s close (~$2,802).

That translates into a 24‑hour gain of about 5.4%, making ETH one of the stronger large‑cap performers in Monday’s rebound phase.

Daily trading volume in ETH/USD pairs was hefty, with Yahoo Finance data pointing to more than $32 billion in notional volume changing hands across major venues.

Market cap and ranking

Using the ~$2,950 closing region and a circulating supply close to 120.7 million ETH, Ethereum’s market capitalization sits in the mid‑$300 billion range (roughly $350–$365 billion).

That keeps ETH firmly in second place behind Bitcoin in the global crypto league table, even after a brutal month‑long drawdown.

Still deep in drawdown from recent highs

Zooming out, historical data shows ETH traded above $3,900 in early November and near $4,900 at its all‑time high, so today’s ~$2,950 level still leaves the asset 25–40% below recent peaks depending on which reference point you use.

In other words, Monday’s bounce is meaningful but not yet a full recovery. ETH is trying to build a floor rather than breaking into a new uptrend—at least so far.

Macro backdrop: from crypto selloff to fragile rebound

Ethereum’s rally on November 24 didn’t happen in isolation.

A widely shared ABC News piece framed the broader environment as a “crypto selloff”, noting that:

Bitcoin has plunged by nearly one‑third from its October peak,
Ethereum has fallen around 40% over the past month,
and the total crypto market cap has lost over $1 trillion in value during the downswing.

Analysts interviewed there linked the drop to:

a wobbling equity market,
waning hopes for aggressive interest‑rate cuts from the US Federal Reserve, and
general risk‑off sentiment across tech and AI‑linked stocks.

By Monday, however, several outlets agreed that the worst of the immediate panic may have passed:

MarketPulse (OANDA) described the “relentless crypto bloodbath” as having “stalled”, noting that Bitcoin bounced from the low‑$80,000s and that Ethereum “tested levels near $2,800” before climbing back toward $3,000.
CryptoNews reported that the overall crypto market cap reclaimed the $3 trillion mark, with ETH up about 1% intraday to $2,822 earlier in the session before extending gains later in the day.

Put simply: macro fear drove ETH down; bargain‑hunters plus slightly calmer macro conditions helped it bounce.

Institutional flows: Ethereum ETFs finally flash green

One of the biggest stories tied to Ethereum on November 24 is the turnaround in ETF flows.

$96.6M net inflow into US spot ETH ETFs on 24.11.2025

According to data compiled by Farside Investors and summarized by Blockchain.News:

Total net inflow into US spot Ethereum ETFs on November 24:$96.6 million
ETHA (one of the leading products) accounted for $92.6 million of that total,
with additional inflows into other tickers offsetting modest outflows in funds like FETH and ETHW.

This marks a clear daily reversal from the heavy red numbers seen in recent weeks. TradingView’s “key facts” note on ETH highlights that, taken over the previous week, Ethereum investment products had still seen about $589 million in net outflows, most of that from US spot ETFs, amid nearly $5 billion in total crypto investment product outflows.

So November 24 looks like:

First meaningful green day for ETH ETFs after a multi‑week exodus, rather than a fully fledged trend change (yet).

CryptoNews also pointed out that both BTC and ETH spot ETFs recorded sizeable inflows on the preceding Friday, helping to steady sentiment heading into Monday’s rebound.

Whale spotlight: BitMine’s 3.63 million ETH bet

If one player symbolizes institutional conviction in Ethereum right now, it’s BitMine Immersion Technologies (BMNR).

3% of the entire Ethereum supply

A November 25 report from BeInCrypto, citing BitMine’s November 24 holdings update and company communications, notes that:

BitMine now holds about 3,629,701 ETH (roughly 3.6 million coins),
along with 192 BTC, a stake in Eightco Holdings, and roughly $800 million in cash,
for total crypto + cash + “moonshots” assets of around $11.2 billion.

BitMine’s long‑stated goal is to accumulate 5% of all ETH in existence, a milestone dubbed the “Alchemy of 5%” by Fundstrat’s Tom Lee. At ~3% of supply today, BitMine is roughly two‑thirds of the way there.

Weekly accumulation and contested cost basis

Disclosures and on‑chain estimates show that:

BitMine bought 69,822 ETH in the week ending November 24, continuing an aggressive weekly accumulation pattern through October and November.
The company claims an average purchase price near $2,840, but blockchain analysts at Lookonchain estimate a much higher real average — around $3,997 per ETH — implying over $4 billion in unrealized losses at recent prices.

Yet Tom Lee has doubled down on the strategy, arguing that:

$2,500 is a rough “worst‑case” downside target for ETH,
leaving “limited downside” (around 5–7% further) compared with the potential upside if Ethereum enters a new “supercycle” after the Fusaka upgrade and macro conditions improve.

In short, BitMine is treating the recent selloff as a buying opportunity, even though the mark‑to‑market pain is substantial.

Ethereum price action: support at $2,700–$2,800, resistance near $3,000–$3,200

Technical analysts spent November 24 arguing over whether the latest move is capitulation or the start of a new base.

Key support zones

Multiple analyses converge on a similar set of levels:

$2,500–$2,700:
- MarketPulse highlights this band as a major support area, noting that ETH recently rebounded from around $2,700 after a strong flush lower.
- Bitget’s Ethereum update describes a 24‑hour price range between $2,760 and $2,890, with the $2,800 region acting as tentative support after a monthly decline of about 28%.
$2,624–$2,650:
- A harmonic‑pattern analysis from InvestX marks $2,624.88 as a critical support (“Point C”) in a potential bullish ABC structure on the weekly chart. A weekly close below that level would invalidate the setup.

These areas together define what many traders now see as ETH’s “must hold” demand zone. A decisive daily or weekly break below $2,500–$2,600 would significantly change the narrative.

Immediate resistance: $3,000 and $3,200

On the upside, the first hurdles are clear:

$3,000: a psychological level and, according to MarketPulse, the mid‑line of a descending channel. A sustained break and close above it would strongly improve the short‑term picture.
$3,200: roughly where several analyses place major momentum resistance, coinciding with previous support turned resistance on higher timeframes.

Beyond that, technical resistance zones stack up near $3,500, $3,800, $4,000, and the previous all‑time high region near $4,950.

Longer‑term pattern targets

The InvestX harmonic analysis suggests that if ETH can defend the $2,624 support and reclaim the 100‑week moving average near $3,053, a longer‑term target around $5,391 could come into play based on Fibonacci extensions.

That kind of move would require:

sustained ETF inflows,
a successful Fusaka upgrade, and
a friendlier macro climate.

It’s a bullish roadmap, not a base case, and analysts are quick to warn that a weekly close back below support would invalidate the pattern.

The Fusaka upgrade: why December 3 matters for ETH holders

Much of the medium‑term optimism around Ethereum now revolves around Fusaka, the next major network upgrade, officially scheduled for December 3, 2025.

What is Fusaka?

According to Ethereum Foundation materials and technical explainers:

Fusaka is a hard fork and major protocol upgrade following 2025’s earlier Pectra upgrade.
Its core goals are to dramatically increase data availability and throughput for Layer‑2 rollups, improve security, and sharpen how value accrues to ETH holders.
Key features include:
- PeerDAS, a new data‑availability scheme that can increase blob capacity from 6 up to 48 blobs per block, effectively giving Ethereum’s L2 ecosystem ~8x more room to grow.
- Blob‑parameter‑only (BPO) forks, which let developers scale blob capacity in small increments rather than giant jumps.
- Higher gas limits (around 150 million gas per block in some proposals) and networking tweaks designed to keep the system attack‑resistant while still scaling.
- Improvements to staking economics and execution‑layer efficiency, which several research notes say should boost ETH’s “value capture” if usage continues to rise.

Commentary from institutional research desks, including Fidelity Digital Assets and others, frames Fusaka as a shift from “just scaling” to scaling with explicit value accrual to ETH, positioning Ethereum more clearly as a cash‑flowing, fee‑driven platform rather than just a generalized smart‑contract chain.

Market expectations

Several market strategists quoted across TradingView, Binance Research, and independent blogs argue that:

The upgrade is “under‑appreciated” in the current price,
could help ETH lead any broader crypto rebound in 2026 by improving fee economics and network efficiency,
but also carries “buy the rumor, sell the news” risk if traders front‑run the launch and take profits shortly after December 3.

For now, Fusaka functions as a medium‑term bullish anchor in many ETH forecasts, even as short‑term price action is dominated by macro and ETF flows.

How analysts are reading Ethereum’s move on 24.11.2025

Putting the pieces together, here’s how many desks and commentators seem to read Ethereum’s November 24 action:

Macro panic may be easing, but hasn’t disappeared.
- Crypto is still down sharply from recent highs; Ethereum’s 40% slide month‑on‑month in the ABC News piece underlines the damage.
ETF flows are shifting from outright exodus to selective accumulation.
- $96.6M in net inflows into US spot ETH ETFs, coming right after weeks of outflows, suggests that some institutional investors see value at sub‑$3k levels.
Whale behavior (BitMine and others) is strongly bullish, but not risk‑free.
- BitMine’s 3.63M ETH hoard is massive, yet its disputed average cost near $4,000 per coin shows that “smart money” is not immune to drawdowns.
Technicals say “bounced off support, but not out of danger.”
- The ETH/USD chart bounced from the $2,600–$2,800 area and is flirting with $3,000; a close and hold above $3,000–$3,200 would be the next sign that the downtrend is weakening.
Fusaka is the big story beyond the daily candles.
- For many medium‑term investors, the question is less “what is ETH today?” and more “what does ETH look like after an 8x data‑capacity upgrade and improved staking economics?”

What to watch next for ETH after November 24

If you’re tracking Ethereum over the coming days and weeks, the key variables are:

Price levels
- Can ETH hold above $2,700 if macro jitters resurface?
- Does it decisively break and hold above $3,000–$3,200, turning that zone into support rather than resistance?
ETF and fund flows
- Do we see several consecutive days of net inflows into ETH products, or was November 24 a one‑off bounce after heavy red weeks?
Macro signals
- Fed communications, inflation data, and equity‑market performance (especially AI‑heavy tech stocks) are still major drivers of risk assets, including ETH, as highlighted by both ABC News and CryptoNews commentary.
Fusaka execution
- Successful activation on December 3 with no major hiccups would reinforce the bullish thesis; a delay or technical issues could introduce fresh volatility.

Quick FAQ: Ethereum price today (24.11.2025)

Is Ethereum in a bear market?
By traditional definitions (a 20%+ drawdown from recent highs), yes: ETH is well over 20% below its early‑November and prior‑cycle peaks, even after Monday’s bounce. Whether this is a full bear market or a deep correction in a longer bull cycle depends largely on macro conditions and ETF flows over the next few months.

Why did ETH go up today if the news is still negative?
Because markets price the future, not the past. A mix of:

perceived capitulation after a steep drop,
returning ETF inflows,
large players like BitMine buying aggressively, and
optimism around Fusaka

was enough to push ETH higher even though headlines still talk about “crypto crashes” and macro uncertainty.

Will the Fusaka upgrade make ETH go up?
Upgrades don’t guarantee price gains. Fusaka should make Ethereum more scalable and efficient and improve how value flows to ETH holders, which is structurally bullish if usage stays strong. But if macro conditions worsen or ETF flows turn negative again, ETH could still fall despite the upgrade.

Is this financial advice?
No. All of the above is informational analysis, not a recommendation to buy, sell, or hold ETH. Crypto assets are highly volatile and you should do your own research and consider your risk tolerance before making any investment decisions.

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