Ethereum Price Today, November 27, 2025: ETH Reclaims $3,000 as ETF Inflows, Upgrades and Altseason Hype Lift Sentiment

Ethereum is trading back above the psychologically important $3,000 mark on Thursday, November 27, 2025, as a wave of positive ETF flows, anticipation of major network upgrades and a broader crypto market rebound drive renewed interest in the second‑largest cryptocurrency.

Ethereum price today: key numbers on 27 November 2025

As of publication time on November 27, 2025:

Spot price: around $3,030–$3,035 per ETH on major exchanges
24‑hour move: roughly +4% versus yesterday’s level
24‑hour range: about $2,890 – $3,070
Market cap: roughly $366 billion
24‑hour volume: about $21.5 billion ^[1]

Price aggregates from CoinGecko show Ethereum at about $3,031.97, up 4.1% over the last 24 hours, with today’s intraday range between roughly $2,892 and $3,066. ^[2] YCharts’ daily series, which records prices at midnight UTC, puts ETH at $3,027.48, up 2.45% from yesterday’s close and still nearly 9% below its level a year ago. ^[3]

Data from one real‑time pricing feed used in trading terminals shows an intraday high near $3,069 and a low just below $2,900, with the latest tick around $3,032. Despite differences in methodology, the major trackers agree on the same story: Ethereum has firmly reclaimed the $3,000 level after a volatile month.

On a weekly basis, ETH has bounced from lows around $2,765–$2,800 seen last weekend, but remains well off the near‑$5,000 all‑time high set in August. Over the last month, Ethereum’s dollar price is still down roughly 26%, even after today’s recovery. ^[4]

What’s driving today’s move? ETF inflows and whale accumulation

A big part of today’s Ethereum price story is happening in traditional finance.

A new analysis from CoinCentral notes that spot Ethereum ETFs have now logged four consecutive days of net inflows, adding about $78 million yesterday alone and pushing cumulative net inflows above $12 billion since launch. At the same time, on‑chain data shows addresses holding between 10,000 and 100,000 ETH have built their balances to a record 21 million ETH, while large holders above 100,000 ETH have also been accumulating. ^[5]

This combination of fresh ETF demand and whale accumulation reduces the amount of ETH readily available on exchanges and provides a fundamental backdrop for the bounce above $3,000.

Earlier in November, flows were much less friendly. A separate market update from Bitget recalled that Ethereum ETFs suffered a nine‑day streak of outflows, before a net inflow of $55.7 million on November 21 signaled a shift in sentiment. ^[6] Those inflows, led by a major U.S. asset manager, marked the first sign that large institutions were stepping back in after weeks of de‑risking.

Put simply: after a painful drawdown, big money is quietly buying again.

Apparent demand and the $2,800 “line in the sand”

On‑chain demand metrics have also flipped from neutral to supportive.

Research highlighted by Pintu News, drawing on data from Capriole Investments, shows Ethereum’s “apparent demand” (which compares new issuance to long‑dormant supply) jumped from around 37,990 ETH on November 22 to about 90,995 ETH on November 26, the highest reading since September 2024. ^[7] Historically, spikes in this metric have preceded major price recoveries.

At the same time, cost‑basis data suggests that roughly 4.95 million ETH were accumulated in the $2,800–$2,830 zone, making that band a crucial support area for the current cycle. ^[8] Analysts quoted in that research stress that as long as Ethereum holds above $2,800, bulls remain in control. A clean break and daily close below that region, by contrast, could open a path down toward $2,400–$2,100.

So far, the market has respected that “line in the sand”: the November sell‑off slowed just above that zone, and this week’s bounce has carried ETH more than 7–8% off its late‑November lows.

Derivatives and open interest: leverage is coming back

Beyond the spot market, derivatives data confirms that speculative activity is returning.

Coin Edition reports that Ethereum futures open interest has climbed above $37 billion, one of the highest readings of 2025, even as price trades near $3,000. ^[9] Rising open interest during a recovery typically indicates that traders are opening new positions rather than merely closing shorts – a sign of growing confidence in a potential trend reversal.

At the same time:

ETH is trading just above the 9‑day exponential moving average, with key resistance marked near $3,166, followed by $3,479 and $3,732, based on Fibonacci retracement levels.
Support is clustered in the $2,835–$2,988 band, with a deeper line of defense around $2,659, the recent cycle low. ^[10]

A separate Elliott Wave analysis from LiteFinance takes a more aggressive stance, suggesting that the current structure could evolve into a “linking wave” with a short‑term upside target near $3,431, based on wave proportions. ^[11]That forecast comes with an explicit trading plan—buying around $3,026 with a take‑profit near $3,431—but, as always, it reflects just one technical approach rather than a guaranteed outcome.

Altseason rumblings as Bitcoin clears $90,000

Ethereum’s move back above $3,000 is not happening in isolation.

A widely cited market update from The Economic Times notes that Bitcoin has rebounded above $90,000 ahead of the U.S. Thanksgiving holiday, after a bruising month wiped out much of its 2025 gains. In the same report, Ethereum is said to have climbed about 3% to roughly $3,022, with Solana, XRP and Dogecoin also joining the rally. ^[12]
Live coverage from 99Bitcoins frames today’s price action as a potential altseason warm‑up, observing that ETH “cracked $3,000” as Bitcoin dominance slipped and rotation into major altcoins began to pick up. Their analysis points to a rising altcoin season index and calmer liquidation heatmaps above the $2,850 zone for ETH. ^[13]

With Bitcoin still far below its October peak but firmly off the lows, and macro risk assets generally in risk‑on mode, Ethereum is benefiting from a classic “rotation trade”: once BTC stabilizes, traders search for higher‑beta exposure in large‑cap altcoins.

Network upgrade pipeline: Fusaka and the (already‑impactful) Dencun era

Beyond price, one of the biggest bullish arguments for Ethereum heading into December is its upgrade roadmap.

Fusaka upgrade – December 3

According to Coin Edition and NewsBTC coverage, the upcoming Fusaka upgrade, scheduled for December 3, is expected to significantly expand Ethereum’s data capacity and lower costs for rollups, thanks in part to the introduction of PeerDAS, which assigns data‑availability duties to randomized node groups. ^[14]

Analysts argue that:

Data capacity could increase by up to eightfold,
Rollup posting costs—and therefore many Layer‑2 (L2) transaction fees—should fall,
DeFi, gaming and real‑world‑asset (RWA) platforms that rely on L2s may see improved economics.

This potential “throughput shock” is one reason some traders still talk about a late‑year rally; one recent TradingView/NewsBTC report noted that if Ethereum repeats its strong performance after the earlier Pectra upgrade, a move above $4,000 in the weeks following Fusaka cannot be ruled out, though that remains a speculative scenario. ^[15]

Dencun and EIP‑4844 – the L2 fee revolution

While Fusaka is in the spotlight this week, Ethereum is already living in the post‑Dencun world.

A detailed breakdown published today on Bitget revisits the Dencun upgrade and its flagship feature EIP‑4844 (“proto‑danksharding”), which introduced data blobs to dramatically cut the cost of storing rollup data on Ethereum. L2 developers cited in the article estimate that, under current traffic, L2 gas fees could fall by about 75% immediately, with some scenarios approaching 90–95% reductions before usage grows to fill the new capacity. ^[16]

In practice, this means:

Many transactions that previously cost tens of cents could settle for single‑digit cents,
Most day‑to‑day activity (NFTs, games, micro‑payments) is expected to live on L2s,
The Ethereum mainnet increasingly acts as a secure data‑availability and settlement layer rather than the place where most retail transactions occur. ^[17]

Together, Dencun + Fusaka form a narrative of scaling plus cheaper usage that underpins many medium‑term bullish ETH price projections for 2025–2026.

Bullish and bearish scenarios from here

With Ethereum hovering near $3,000 again, analysts are sharply divided on what comes next.

Bullish case

Bullish research notes highlight several factors:

ETF inflows have flipped positive and are building again after a long stretch of outflows. ^[18]
On‑chain apparent demand is at a 26‑month high, suggesting aggressive accumulation by long‑term holders. ^[19]
L2 usage and throughput continue to grow in the wake of Dencun, validating Ethereum’s rollup‑centric roadmap. ^[20]
Macro conditions, including the expected end of the Federal Reserve’s Quantitative Tightening (QT) on December 1, could inject liquidity into risk assets, with some studies pointing out that altcoins—and ETH in particular—outperformed Bitcoin after the end of QT in prior cycles. ^[21]

Some price‑target frameworks floated in recent days point to a potential range between $3,400 and $3,600 if Ethereum can decisively break above the $3,166–$3,200 resistance cluster and sustain ETF inflows. ^[22]

Bearish case

On the other hand, more cautious outlooks warn that:

Ethereum is still down sharply from its August highs near $4,950, and longer‑term charts remain in a corrective structure. ^[23]
Failure to hold the $2,835–$2,988 band, followed by a break below $2,659, would technically confirm continuation of the downtrend. ^[24]
A renewed risk‑off move—driven by tighter macro policy, disappointing ETF flows, or a major security incident—could send ETH back toward the low $2,000s, a scenario that several institutional research desks still treat as plausible. ^[25]

In other words, today’s bounce relieves pressure but does not erase the risk of deeper downside if key supports give way.

Key levels to watch for ETH traders

Based on today’s cross‑market data and multiple technical analyses, these zones are likely to matter most in the short term:

Immediate resistance:
- $3,033–$3,100 – current trading band and short‑term pivot. ^[26]
- $3,166 – 23.6% Fibonacci retracement and key resistance flagged in several analyses. ^[27]
- $3,400–$3,600 – cluster of targets in Elliott Wave and V‑shaped recovery scenarios. ^[28]
Support zones:
- $2,835–$2,988 – first major support band on most short‑term charts. ^[29]
- $2,800–$2,830 – heavy cost‑basis zone (~4.95M ETH accumulated) and widely watched “line in the sand.” ^[30]
- $2,659 – the recent cycle low and last major defensive level before a deeper correction. ^[31]

How price behaves around these levels—especially into next week’s Fusaka upgrade—will help determine whether today’s move above $3,000 is the start of a more meaningful recovery or simply another bounce in a choppy range.

What it means for different types of market participants

Short‑term traders are likely to focus on the $3,000–$3,200 band, where liquidity is deepest and ETF‑driven flows can quickly push price in either direction.
Derivatives traders are watching the elevated open interest carefully; while it can amplify gains, it also sets the stage for sharp liquidations if the market moves against crowded positions. ^[32]
Long‑term holders and stakers may pay more attention to structural themes: ETF adoption, L2 fee compression, DeFi and stablecoin usage, and the combined impact of Dencun and Fusaka over the next several quarters. ^[33]

In all cases, the message from the data is consistent: volatility remains high, but so does engagement.

Important disclaimer

This article is for informational purposes only and is not financial or investment advice. Cryptocurrency markets are highly volatile, and you can lose all of the capital you invest. Always do your own research and consider consulting a qualified financial professional before making any trading or investment decisions.

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