Ethereum News Today: Institutions Bankroll Ethereum's Defense as Retail Investors Retreat

Ethereum (ETH) traded near $2,800–$2,850 on 24 November 2025, stabilizing after a sharp November sell-off that erased much of the year's gains. Despite a 1% 24-hour rise, the token remained 28% below its level a month prior and 17% lower than a year ago according to analysis. The modest rebound coincided with increased buying by institutional players, notably BitMine Immersion Technology, which now holds 3.63 million ETH-roughly 3% of the total supply-and has become the dominant public Ethereum treasury.

BitMine's aggressive accumulation, totaling nearly 70,000 ETH in the past week, has injected $59 million into the market. The firm's holdings represent about two-thirds of all publicly disclosed Ether treasuries, underscoring its outsized influence. Meanwhile, Ethereum's 24-hour trading volume surged 35% to $24 billion as the market tested key resistance levels near $2,870–$2,960. Analysts remain divided, with some viewing the rebound as a fragile recovery and others warning of deeper corrections if selling resumes.

The broader crypto market mirrored Ethereum's cautious tone. Total market capitalization edged back above $3 trillion, driven by inflows into spot Bitcoin and Ethereum ETFs. U.S. spot Bitcoin ETFs added $238 million in net inflows last week, while Ethereum ETFs saw $55.7 million. However, JPMorgan attributed the latest selloff to retail outflows from crypto ETFs, with $4 billion withdrawn in November alone. The firm noted that retail investors are selling crypto ETFs while buying equity funds, a pattern suggesting sector-specific caution rather than broad risk aversion.

Technical analysis highlighted Ethereum's precarious positioning. Immediate resistance sits at $2,870–$2,960, with deeper supports at $2,720 and $2,400–$2,500. A breakdown below $2,400 could open the path to $2,200, while a sustained rebound above $2,960 might signal a return to $4,000–$7,000 over the next cycle. Polymarket traders are currently pricing in a 25-basis-point Federal Reserve rate cut in December, a development that could bolster risk appetite.

Long-term projections remain wide-ranging. Institutional forecasts span from $2,200 to $7,000, reflecting uncertainty about macroeconomic conditions and regulatory developments. Coinpedia analysts argue that Ethereum's structural advantages-reduced issuance post-Ethereum 2.0, growing institutional adoption, and layer-2 scalability-position it for multi-year growth. A conservative price target of $6,500–$8,000 by 2025 and a bullish $15,000+ by 2030 hinge on sustained network upgrades and favorable policy shifts.

Upcoming catalysts include the December Ethereum "Fusaka" upgrade, which aims to enhance scalability, and U.S. macroeconomic data releases that could influence Fed policy. Regulators' growing comfort with crypto-backed securities, exemplified by Grayscale's new Dogecoin ETF, may also bolster institutional confidence.

As the market navigates this pivotal phase, traders are advised to monitor key levels and institutional activity. For long-term holders, Ethereum's role in DeFi, staking, and tokenized finance remains a compelling thesis, despite near-term volatility.