Four reasons why Ethereum price remains bullish above $2,800

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Ether (ETH) terms is up 11% since plunging beneath the $3,000 people connected Nov. 22, reclaiming cardinal enactment levels. Analysts accidental that accrued request from institutions, coupled with the extremity of quantitative tightening, could pb to a betterment toward $3,600 next.

Key takeaways:

Ethereum request is recovering on with ETF inflows.
The extremity of the Fed’s QT connected Dec. 1 volition unlock liquidity into crypto markets.
Ether’s V-shaped illustration signifier hints astatine a $3,600 people if cardinal enactment holds.

Ether’s evident request hits a 26-month high

Ethereum’s Apparent Demand has remained affirmative contempt the caller drawdown and has risen to its highest level since September 2024.

Apparent Demand is simply a metric that gauges Ether’s marketplace request by measuring the quality betwixt the daily ETH issuance and the alteration in inventory (supply that has been inactive for implicit 1 year. Positive values suggest rising demand.

Capriole Investment’s Bitcoin Apparent Demand metric reveals that request for Ether has accrued sharply to 90,995 ETH connected Nov. 26, from 37,990 ETH connected Nov. 22.

Increasing ETH request amid drawdown signals assertive accumulation connected terms dips, pointing to an imminent rebound.

The past clip request was this precocious was successful September 2023, erstwhile the terms was hovering betwixt $1,500 and $1,700 aft a 25% drawdown. This was followed by a 165% rally to $4,100 successful March 2024.

Meanwhile, spot Ethereum ETF flows person flipped positive, signaling inflows for 3 consecutive days, totaling $230.9 million.

The reversal followed a punishing agelong from Nov. 11–20, erstwhile Ethereum funds shed a combined $1.28 billion, 1 of the longest and deepest reddish waves since the ETFs launched.

Part of Ether’s quality to prolong a betterment supra the $2,800 enactment comes from expectations that accrued request and ETF inflows volition supply tailwinds that volition propulsion the ETH terms higher.

End of QT: History backs Ether’s terms rebound

The US Federal Reserve is expected to extremity Quantitative Tightening (QT) connected Dec. 1, thing that has historically preceded parabolic ETH rallies.

When QT ends, liquidity returns to the market, and hazard assets typically rebound.

“QT ends connected Dec. 1 - it’s a bully clip to zoom retired and look astatine however crypto behaved the past clip this happened,” crypto analysts Front Runners said successful their latest station connected X.

An accompanying illustration reveals that altcoins “actually outperformed $BTC aft QT ended” successful the erstwhile cycle, the analysts wrote, adding:

“BTC had already been successful a 200-day downtrend, and liquidity rotation favoured smaller assets.”

The illustration supra besides shows that Bitcoin dominance topped instantly aft QT and past continued to inclination lower, forming a treble apical during the COVID-19 play earlier resuming its decline.

“The quality this clip is that BTC is already beneath the 50W SMA, past rhythm it lone mislaid that level good aft QT ended,” Front Runners added.

If past repeats, the extremity of QT volition ignite a liquidity rotation that could propel altcoins, led by ETH, to outperform Bitcoin (BTC) successful the coming months.

The cardinal outgo ground country is astir $2,800

According to Ether’s cost ground organisation data, investors acquired astir 4.95 cardinal ETH astatine an mean outgo of betwixt $2,800 and $2,830, creating a imaginable enactment zone.

This attraction suggests galore investors whitethorn support the terms astir this level, which could marque this a launchpad for a rally.

Analysts accidental ETH indispensable clasp this enactment astatine $2,800 for the bulls to regain their footing.

“Ethereum is trading backmost astatine its large $2.8K level, which has acted arsenic a beardown enactment and absorption passim this full cycle,” said Daan Crypto Trades successful a Monday X post, adding:

“It is indispensable for the bulls to support this area.”

As Cointelegraph reported, a interruption and adjacent beneath $2,800 could awesome the commencement of the adjacent limb of the downmove to $2,400 and past to the $2,100 level.

Ether’s V-shaped illustration signifier targets $3,600

From a method perspective, Ether’s terms enactment has been forming a imaginable V-shaped illustration signifier connected the four-hour illustration since aboriginal November, arsenic shown below.

ETH present trades beneath a cardinal proviso portion betwixt $3,000 and $3,500, wherever the 100-period and 200-period simple moving averages (SMAs) sit.

Bulls request to propulsion the terms supra this country to summation the chances of the terms rising to the neckline astatine $3,650 and completing the V-shaped pattern. Such a determination would correspond a 26% terms summation from the existent levels.

On the downside, the 50 SMA provided cardinal enactment astatine $2,891, reinforcing the value of this request area, arsenic mentioned earlier.

Commenting connected the ETH/BTC chart, Michael van de Poppe, laminitis of MN Capital, said that ETH was preparing for a beardown upward determination successful the coming weeks.

“This rhythm is acold from over.”

This illustration remains ace interesting, arsenic I deliberation that we'll spot a beardown breakout upwards successful the coming weeks for $ETH.

I repeat: This rhythm is acold from over. pic.twitter.com/T1wFgVAN44

— Michaël van de Poppe (@CryptoMichNL) November 26, 2025

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.

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