Ethereum price reclaims $3K as spot ETH ETFs record fourth straight day of inflows

Ethereum climbed back above $3,000 after a wave of exchange traded-fund inflows and heavy whale accumulation helped stabilize the market following weeks of selling.

Ethereum has climbed back above $3,000, trading at $3,037, a 3.5% daily gain. The move came after a rough month that has pushed $ETH down almost 40%, leaving it 38% below its all-time high of $4,946 set in August.

24-hour trading volume stood at $21 billion, down about 5% from the day before. Derivatives activity, however, painted a different picture. According to CoinGlass data, futures volume slipped 10% to $76 billion, while open interest rose 6.59% to $37 billion.

A rise in open interest during a price recovery usually shows traders adding new positions instead of exiting old ones, often hinting at fresh momentum.

$ETH ETF inflows and corporate accumulation fuel the move

Spot Ethereum ($ETH) ETFs recorded another strong session, bringing in $78 million in net inflows, according to SoSoValue data. This marks the fourth straight day of inflows, pushing cumulative net inflows above $12 billion.

These steady flows matter because spot ETFs create real market demand. Issuers must buy $ETH to back their shares, which can support price during weak market phases.

Institutional interest has also been building outside ETFs. Tom Lee’s BitMine added 69,822 $ETH last week worth roughly $197 million, lifting its total holdings to about 3.63 million $ETH. BitMine’s holdings are now valued at over $10 billion.

Ethereum whales appear ro be accumulating as well. A Nov. 26 report from CryptoQuant contributor Arab Chain shows that wallets holding 10,000–100,000 $ETH now control more than 21 million $ETH, the highest balance ever recorded.

The largest category, holders with more than 100,000 $ETH, accumulated an extra 4.3 million $ETH in recent months. Meanwhile, Binance’s $ETH reserves dropped to 3.76 million, suggesting coins are moving into long-term storage or staking rather than exchanges.

Together, these trends cut down sell-side supply and help build price floors during recovery phases.

Ethereum price technical analysis

Ethereum’s daily chart shows the price climbing out of a steady downtrend. $ETH is now pushing against the middle band of its Bollinger setup after spending weeks near the lower band, which often marks exhaustion in a sell-off.

$ETH ETFs record fourth straight day of inflows - 1">

Ethereum daily chart. Credit: crypto.news

Momentum is also improving. The relative strength index has moved up to 41.9, and MACD has crossed into a mild buy zone, showing the market is trying to build strength from oversold territory.

$ETH trades just above its 10-day moving averages, which have flipped into short-term buy territory, while the heavier averages, from 20-day to 200-day, still lean bearish. This mix usually appears during early reversal attempts where the market starts to stabilize but hasn’t fully flipped trend yet.

If bulls keep price above $3,000, $ETH could work toward the $3,115–$3,250 zone next. Failure to hold this level may pull the price back toward $2,850, where buyers stepped in earlier this week.