Ethereum has posted a strong recovery, surging 11% after briefly dipping below the $3,000 mark on November 22. This rebound has helped Ether reclaim key support levels and sparked renewed optimism among analysts. Much of this momentum is being attributed to growing institutional interest and the expected conclusion of quantitative tightening (QT) on December 1, both of which could propel ETH toward the $3,600 range.
Institutional Demand and ETF Inflows Drive Ethereum’s Revival
Ethereum demand is climbing steadily, supported by increasingly positive ETF inflows. One of the strongest indicators of this rising interest is the Apparent Demand metric, which has jumped to 90,995 ETH on November 26—up sharply from 37,990 ETH just a few days earlier. This surge signals aggressive accumulation during price dips, echoing patterns seen during the major rally from $1,500 to $4,100 in early 2024.
Spot Ethereum ETFs have also turned decisively positive, recording inflows of $230.9 million over a three-day span. Analysts suggest that institutional buyers are positioning themselves ahead of potential macroeconomic shifts, particularly the anticipated end of QT, which historically supports risk-on assets like cryptocurrencies.
Key Levels to Watch and the V-Shaped Recovery Pattern
For Ethereum’s bullish trend to remain intact, analysts highlight the importance of maintaining support at $2,800. A drop below this level could trigger deeper declines, weakening the current upward trend. However, technical indicators are painting a promising picture. A forming V-shaped recovery pattern suggests the potential for a 26% price rise—provided ETH can break through the heavy supply zone between $3,000 and $3,500.
If these resistance levels give way, Ethereum could be well-positioned for a strong continuation rally, supported by favorable market conditions and heightened institutional participation.
