Current Price Performance
As of December 1, 2025, the price of Ethereum (ETH) has undergone significant adjustments. The current price is 20087.29 yuan (approximately $2839.59), a substantial drop of 1119.73 yuan from the previous day, with a decline of 5.28%. Today's opening price is 21423.34 yuan, with an intraday high of 21587 yuan and a low of 20060.78 yuan, once approaching the important psychological level of 20000 yuan.
Technical Analysis
Key Support and Resistance Levels:
Support Level: The range of $2800-$2850 is an important recent support, with 20000 yuan (approximately $2820) being a key psychological level.
Resistance Level: The range of $2930-$2980 constitutes short-term resistance, with $3100 being an important resistance level.
Technical Indicator Signals:
Short-term moving averages have formed a golden cross, indicating that short-term momentum has strengthened
The MACD indicator has achieved a second golden cross of DIF and DEA on the 4-hour level, with the green bars on the daily level continuously shortening
The RSI indicator is currently in a neutral zone and has not yet entered deep oversold territory
Capital Flow Analysis
Institutional Capital Trends:
Ethereum ETF had a net inflow of $312.6 million last week, with BlackRock contributing $257.2 million
Institutional capital continues to enter, showing recognition of Ethereum's long-term value
As of now, the cumulative net inflow of ETFs since December 2024 has exceeded $2.66 billion
On-chain Data Performance:
The balance of ETH on exchanges has decreased by 317,000 coins, and holders' willingness to withdraw coins to cold wallets has increased
Long-term holding sentiment is warming, indicating that investors maintain confidence in Ethereum's long-term prospects
Market Driving Factors
Favorable Factors:
Technological Upgrade Expectations: Upgrades such as Dencun and Proto-Danksharding significantly enhance network scalability
Deflationary Mechanism:The EIP-1559 burning mechanism makes ETH a deflationary asset, with approximately 4.6 million ETH burned in total
Staking Ecology: Nearly 30% of ETH supply is locked in staking, forming long-term supply tightening
Risk Factors:
Macroeconomic Environment:The Federal Reserve's policy uncertainty puts pressure on the cryptocurrency market
Regulatory Environment: Changes in regulatory policies in various countries may affect market sentiment
Technical Pullback:After the rebound at the end of November, there is a short-term overbought situation, facing technical adjustment pressure
Market Sentiment and Outlook
Current market sentiment is cautious, with both bulls and bears fiercely competing at key price points. From a long-term fundamental perspective, Ethereum, with its ecological advantages in DeFi, NFTs, and performance improvements brought by technological upgrades, still possesses strong growth potential.
Short-Term Outlook: 20,000 yuan (approximately 2,820 USD) has become the dividing line for bulls and bears. If this support level can be effectively maintained, it is expected to gradually recover the decline; if it fails, it may further test the 2,800-2,850 USD range for support.
Investment Advice: It is recommended that investors control their positions, closely monitor capital flows and the performance of key technical levels, rationally view market fluctuations, and avoid blindly chasing highs or selling lows.
