Ethereum's November Trading Surge: Spot Volume Reaches $375B with $35B Boost from ETFs
Ethereum Trading Volume: In November 2025, Ethereum's spot trading volume reached $375 billion, with Binance accounting for approximately $198 billion, indicating strong market participation despite price pressures.
Institutional Interest: Ethereum spot ETFs saw nearly $35 billion in trading volume, reflecting significant engagement from institutional investors and adding organized liquidity to the market.
Whale Activity and Price Movement: Large investors are increasingly favoring long positions, with wallets holding 10,000-100,000 ETH controlling over 21 million ETH, while ETH's price has climbed above $3,000 despite a 24% monthly decline.
Market Valuation Indicators: Ethereum is trading near its fair value, with a Realized Price of $2,315 and an MVRV ratio of 1.27, suggesting a balanced market structure without extreme valuation signals.
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