Ether prices are at a critical point that bulls must defend to avoid another major dump.
“ETH decision time here,” analyst “Daan Crypto Trades” said Monday, referring to a critical price zone that needs to be defended.
Ether is trading above a significant level of $2,800, which has served as strong support and resistance throughout the cycle, he noted.
“Price finds some support for now, but it is essential that the bulls defend this area.”
Earlier this year, this price level served as resistance before the asset finally broke out in July. In 2024 it served as support during the Ether rally.
Bulls currently defending
A break below this level could see ETH prices drop towards the next major support zone, which is around $2,170. Resistance is currently just above $3,400, making this the next target for the bulls.
$ETH Decision time here!
Ethereum is trading back at the major $2.8K level, which has acted as a strong support and resistance throughout the cycle.
Price finds some support for now, but it is essential that the bulls defend this area. https://t.co/zCjnGTaOzl pic.twitter.com/BJ5PXNzCn9
— Daan Crypto Trades (@DaanCrypto) November 24, 2025
Ether has started a recovery after Friday’s dip below $2,700 and touched $2,980 in late trading on Monday, but failed to break the psychological barrier of $3,000. The asset was trading at $2,930 at the time of writing, down 40% from its all-time high three months ago.
“ETH is extremely undervalued at $2,900,” thought analyst “Borovik,” adding, “ETH is about to become exponentially cheaper, faster, and will scale faster than ever before. 2026 is going to be a MASSIVE year for Ethereum.”
Meanwhile, spot Ether ETFs have seen a reversal in flows after eight consecutive trading days of outflows. BlackRock’s ETHA fund raised $88 million in assets on Monday, turning total flow positive again.
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Ethereum digital asset treasuries also continue to accumulate and have not been panic-sold like the weak-handed retail traders. Tom Lee’s BitMine raked in around 70,000 ETH during last week’s market crash, bringing the treasury to a milestone of 3% of total supply. The stock price also rose nearly 20% on Monday as the asset began to recover.
Ether DATs now hold more assets than ETFs, with 6.36 million ETH or 5.26% of the total supply. according to to StrategicEthReserve.
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