Overview
- ETH failed to clear $3,000 on Nov. 26 after an intraday high near $2,973, trading around $2,900 with a near 30% monthly drop.
- CryptoQuant data shows staking inflows fell from roughly $160,000 in late October to about $2,941 today, with Ethereum’s staking yield near 1.9%–2%.
- Ethereum-focused ETFs have logged about $1.56 billion in net outflows since early November, signaling weaker institutional demand.
- Technicals lean bearish with the 50-day moving toward a 200-day crossover and key support at $2,650–$2,600; a break lower could open $2,400 and $2,100.
- Some chartists cite a bounce off ~$2,650 and megaphone/triangle setups pointing to $3,180–$3,250, with stretch targets near $3,550–$3,650, while on-chain records show BitMine added ~69,822 ETH and holds ~3.63 million ETH with stated 2026 staking plans contingent on conditions.