Ethereum News Update: Major Institutions Fund Ethereum's Legal Battle While Individual Investors Pull Back
- Ethereum stabilized near $2,800–$2,850 after November's sell-off, with BitMine Immersion Technology accumulating 3.63M ETH (3% of supply) to become the dominant public treasury. - BitMine's $59M market injection and 70,000 ETH weekly purchases highlight its 2/3 control of public treasuries, while 24-hour trading volume surged 35% to $24B. - Crypto market cap briefly exceeded $3T amid ETF inflows ($238M for Bitcoin , $55.7M for Ethereum), but JPMorgan noted $4B November retail outflows from crypto ETFs. -
On November 24, 2025, Ethereum (ETH) hovered between $2,800 and $2,850, finding stability after a steep decline earlier in the month that wiped out much of its yearly progress. Although ETH posted a 1% gain over the previous day, it was still down 28% compared to a month ago and 17% lower than its value a year earlier
BitMine has ramped up its ETH purchases, adding nearly 70,000
The overall cryptocurrency market reflected Ethereum’s cautious sentiment. Total market value climbed back above $3 trillion, buoyed by inflows into spot
Technical indicators show Ethereum in a vulnerable spot. Immediate resistance is found at $2,870–$2,960, with stronger support at $2,720 and in the $2,400–$2,500 range. Should ETH fall below $2,400, it could slide toward $2,200, while a sustained move above $2,960 may open the door to a $4,000–$7,000 range in the next cycle.
Long-term outlooks vary widely. Institutional predictions range from $2,200 to $7,000, reflecting ongoing uncertainty over macroeconomic trends and regulatory shifts.
Key events on the horizon include the December “Fusaka” Ethereum upgrade, aimed at boosting scalability, and upcoming U.S. economic data that could impact Federal Reserve decisions. Regulatory acceptance of crypto-backed securities, as seen with Grayscale’s new Dogecoin ETF, could also strengthen institutional trust.
As the market moves through this critical period, traders are encouraged to watch important price levels and institutional trends. Despite short-term swings, Ethereum’s foundational role in DeFi, staking, and tokenized assets continues to offer a strong case for long-term investors.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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