Ethereum (ETH) has finally found its footing, bouncing back after recently testing a key support. Earlier pressure from macro headwinds—like the prolonged US government shutdown and interest rate jitters—is starting to lift. Now, the mood is shifting. Traders are seeing selling dry up as big whales come in to buy, which has put a floor under the price around $3,400.
This looks like smart money positioning in the crypto before the next move. Data from Lookonchain and CryptoQuant shows that several large holders have scooped up more than 385,000 ETH in the past week alone—a massive $1.33 billion bet. This kind of institutional activity signals strong confidence in Ethereum's medium-term outlook.
The fundamentals are lining up nicely, too. The upcoming ETH Fusaka upgrade in early December, designed to enhance its scalability and security, is generating positive momentum. Plus, with the US government back open and the Federal Reserve (Fed) adopting a more dovish stance, macro winds are turning favorable. Market liquidity is likewise experiencing an uplift. It's not just speculation—61% of professional investors in a recent Sygnum Bank survey said they plan to increase their Ethereum holdings, and giants like Morgan Stanley are now taking crypto seriously as a real asset class.
Even the charts are playing along. Although the Stochastic Oscillator is cooling off and technical strain is easing, prices are still inching higher. This is a healthy sign that sets the stage for more gains. Meanwhile, the Chaikin Oscillator, while still negative, is falling more slowly—another hint that selling pressure is waning and ETH is getting ready for its next leg up.
The following trading strategy may be employed:
Buy Ethereum at the current price ($3,479). Take profit: $3,725. Stop loss: $3,300.
This forecast is relevant from November 13 to November 20, 2025.
This content is for informational purposes only and is not intended to be investing advice.
