Ethereum News Today: Ethereum Holds Steady at $3,000 as Institutional Interest and the Conclusion of QT Indicate a Market Rebound
Ethereum (ETH) has climbed back above $3,000, hinting at a possible stabilization as the recent wave of intense bearishness seems to have subsided. Experts point to several reasons for this rebound, such as renewed interest from institutions, positive inflows into ETFs, and the anticipated conclusion of the Federal Reserve’s quantitative tightening (QT) phase. Although Vitalik Buterin, Ethereum’s co-founder, has not made public statements regarding the price movement, industry leaders like Daniel Li from Liquid Capital believe that reaching $3,000 could signal a pivotal shift. "Once
This upward move comes after an 11% increase since November 22, with the $2,800 support level remaining intact. Ethereum’s resilience is supported by a surge in apparent demand—which tracks the gap between daily ETH creation and dormant supply—reaching its highest point in over two years. According to Capriole Investments, apparent demand jumped to 90,995 ETH on November 26, up from 37,990 ETH just a week earlier.
The Federal Reserve’s anticipated end to QT on December 1 is seen as a major driver. Historically, when QT ends and liquidity returns, crypto markets have often rebounded, and many investors are expecting a similar result now.
Although reclaiming $3,000 is a psychological win, obstacles remain. Ripple’s XRP is still under bearish pressure, and broader economic uncertainties continue. Still, the mix of strong technicals, growing institutional involvement, and supportive monetary policy could pave the way for ETH to reach $3,600 if crucial support levels are maintained. As Li observed, the volatility in crypto presents both challenges and opportunities, pushing the boundaries of resilience and innovation in a rapidly evolving market.
