Coinspeaker
Nov 30, 2025
3 0

Ethereum Faces 21% Monthly Loss Amid $1.4 Billion ETF Outflows

Ethereum's price dropped to $3,030 on Nov. 28, marking a 21.4% loss for November.

  • Heavy whale sell-offs early in the month affected Ethereum, amid reactions to the US government shutdown and political pressures.
  • Ethereum ETFs experienced $1.284 billion in outflows from Nov. 11-20. Despite returning to net inflows with $368 million last week, total monthly withdrawals were $1.4 billion.
  • Bitmine added 14,618 ETH worth about $185 million in late November.

Derivatives Market Trends

  • Whales deployed $700 million in long positions at the $2,960 support level.
  • Bulls hold control with 3.97 million active long ETH contracts outweighing $1.9 billion in shorts.
  • The $3,000 support held firm despite pressure from Bitcoin’s dip below $90,400.

December Outlook

  • Derivatives market sentiment is bullish, but $1.3 billion in short positions near $3,100 could create resistance.
  • A breakout above $3,100 might lead to a rise towards $3,500.
  • Technical indicators show Ethereum trading above the 20-day EMA, but the 200-day moving average near $3,130 poses resistance.
  • If bulls maintain the $2,960 support, Ethereum could target $3,500; failure could see declines to $2,880 or $2,820.