• Price Dynamics: ETH broke through 2900 USD, stabilizing under the impetus of institutional capital inflow, with a 24-hour increase of approximately 1.8%.

• Technical Analysis: The RSI indicator is neutral (around 48), MACD signals are intertwined, with short-term key support at 2750 USD and resistance at 3000 USD.

• Driving Factors: Spot ETFs continue to attract capital, with over 100 million USD inflow in a single day, while whale addresses have actively increased their holdings during the recent pullback.

Market Conditions

• According to Binance market data, ETH broke through 2900 USD, with a 24-hour increase of 1.83%, stabilizing above 2850 USD.

• The current market capitalization is approximately 354.4 billion USD, with a 24-hour trading volume reaching 31.6 billion USD, keeping the market active.

• Institutional interest has increased, with Ethereum spot ETFs seeing a net inflow of 96.6 million USD in a single day, totaling assets of 25 billion USD.

Core Driving Factors

• Institutional funds continue to flow in, with a net inflow of approximately 103 million USD on November 25 across nine Ethereum ETFs.

• On-chain data shows that whale addresses are actively increasing their holdings, with one dormant wallet withdrawing over 10,000 ETH from Binance.

• Expectations of macro inflation cooling have improved, and the Ethereum network fundamentals are strong, with an upgrade imminent.

Trading Strategies and Technical Analysis

• ETH faces psychological resistance at 3000 USD in the short term, with key support below at 2750 USD.

• Technical indicators show a neutral consolidation, with the 1-hour RSI around 48.7 and MACD bearish momentum weakening.

• Caution is advised in trading, focusing on breakthroughs or support at key price levels, and setting strict stop-losses.