Ethereum Spot Update – 28/11/2025 12:00 UTC
ETH has seen small price fluctuations after a recent rally, while key network upgrades are approaching.
Positive factors:
• Fusaka Upgrade: Scheduled for Dec 3, it is expected to improve network performance, increase data storage capacity, and reduce Layer 2 fees, supporting DeFi, gaming, and RWA adoption.
• Institutional Activity: VanEck staked 12,600 ETH ($37.9M), BitMine bought 14,618 ETH ($44.3M), and daily ETF inflows reached 11,484 ETH ($34.3M), showing growing confidence from institutions.
• Price Momentum: EMA 7 (3038), EMA 25 (3024), EMA 99 (2970) all trending upward; MACD histogram at +2.62 confirms strong momentum.
Risks:
• Whale Activity: Over 816,000 ETH waiting to be withdrawn from staking could create selling pressure.
• Short-term Correction: Price recently dropped from 3060.97 to 3034.19, with MACD slightly declining, indicating potential weakening of short-term momentum.
• Option Expiries: $15.4B in BTC and ETH options expire today, which could trigger volatility.
Market Sentiment: Mixed – some expect a Fusaka-driven rally, while others remain cautious and hold short positions.
