Ethereum Price Drops Below $3K Again Amid Mixed Onchain Data Signals

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

ETH-6.495%

Source: Coinmarketcap

Updated: Dec 01 2025

Ether Price Movement: Ether (ETH) fell to $2,800, dropping below the $3,000 mark due to concerns over a potential Bank of Japan rate hike, with a need for a sustained break above $3,200 for recovery.
Support and Resistance Levels: Key support is identified around $2,800-$2,850, while resistance is noted between $3,150 and $3,230, with analysts emphasizing the importance of these levels for bulls and bears.
Institutional Demand: Despite recent price drops, Ethereum ETFs saw significant inflows of $312 million, indicating potential bullish sentiment and institutional interest, although network demand remains a concern.
MVRV Z-Score Insights: Ether's MVRV Z-Score is approaching the accumulation zone, suggesting a possible local bottom, with historical patterns indicating potential for a price rally if similar conditions are met.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

Ethereum Price Drops Below $3K Again Amid Mixed Onchain Data Signals

About the author

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