Is Ethereum (ETH) About to Skyrocket? Here’s the Inside Scoop!

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Well now, if it isn’t Ethereum (ETH) making a bit of a comeback! Just when you thought it might be snoozing, it jumps up from the depths like a catfish out of muddy water. It’s now trading above $3,000, up a healthy 4% in the last 24 hours. This bounce came after ETH made a recovery from the $2,600-$2,700 region, a zone that’s been about as inviting as a country buffet in a small town – lots of buying interest, you know.

And wouldn’t you know it, volume’s picking up too. Over $21.2 billion traded in the past day alone – that’s some serious coin, folks! Some folks think this could be a sign of a new trend emerging, but as always, let’s hold off on printing the victory flags until we get some confirmation. A trend doesn’t start just because you bought a shiny new pair of shoes, right?

RSI Breakout and Short-Term Setup

Now, hold onto your hats, because here comes the interesting part: ETH has busted through its RSI downtrend for the first time since October. That’s right, it’s making a break for the hills, with the price sitting comfortably above that trusty $2,900 support level. Mister Crypto, ever the optimist, says, “A bounce is very likely here.” You know, I always enjoy a good bounce. It’s like watching a trampoline in action, but with a bit more digital currency and a lot less sweat.

$ETH is breaking out from this RSI downtrend.

A bounce is very likely here!

– Mister Crypto (@misterrcrypto) November 26, 2025

For those who enjoy a good technical analysis, the Relative Strength Index (RSI) had been on a downward spiral for weeks, but now it’s broken free like a butterfly from a cocoon. This suggests that the downward pressure might be letting up a bit, which, let’s face it, is good news for everyone, except maybe the bears.

On the other hand, Lennaert Snyder has his eyes on the $3,040 mark, calling it the “make or break” zone. If ETH clears this hurdle, we could be looking at $3,140 and even $3,200. But if ETH falters, well, $2,950-$2,900 might be the next pitstop. Snyder, ever the cautious one, warns that if this level is lost, we might be taking a little detour back to the $2,800 region.

Now Snyder, being the risk-loving gentleman he is, says, “If price gains $3,040, I’ll look to snipe a long,” but he also made sure to add that if ETH gets rejected again, he might just take a more defensive position. You know, the kind of move that makes you feel like you’re on the edge of your seat in an action movie.

ETH/BTC Pair Nearing Breakout Pattern

Meanwhile, over in ETH/BTC land, there’s a bit of a stir happening. The ETH/BTC pair has been bouncing around the 0.0300-0.0325 BTC range, and it’s now trading at about 0.0332 BTC. Michaël van de Poppe, the eternal optimist, says this could be the setup for a big breakout. “This cycle is far from over,” he assures us. Well, I’d sure like to see where this ride takes us!

Don, ever the technician, points out a falling wedge that’s forming inside a long-term descending channel. The price has already moved above that wedge, and if it keeps going, we could be looking at a nice little breakout to the 0.0695 area. In crypto, it’s always nice to dream big, isn’t it?

Large Wallet Activity and Exchange Supply Drop

Now, this is where things get a little more mysterious. Wallets holding between 10,000 and 100,000 ETH have taken control of over 21 million tokens – the most since the good old days of Ethereum’s launch. Those wallets over 100,000 ETH? They’ve also been stacking up their coins like they’re preparing for a winter in the hills. Some folks might say it’s for long-term storage, but I like to think they just like having a lot of tokens for show. The bigger, the better, right?

Meanwhile, tokens held on exchanges are continuing to drop. Maybe the big players are moving their stash to a safer place, where it can age like a fine whiskey. Ali Martinez even went so far as to say that the $2,250, $1,550, and $1,080 levels are “strong zones to accumulate ETH ahead of the next rally.” You know, just in case you were wondering where to buy your next Ethereum batch. 😉

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2025-11-27 20:31