Ethereum News Update: Ethereum Surges Past $3,000, Bulls Eye $3,400 Target
- Ethereum (ETH) surged past $3,000 in early November 2025, with technical and on-chain data indicating potential for further gains toward $3,400 if the level holds. - Institutional inflows, including $88M into BlackRock's ETHA ETF, contrast with broader crypto outflows, while valuation models suggest a 57-90% undervaluation. - Mixed on-chain signals show recovering active addresses and a low MVRV Z-Score (0.29), historically preceding accumulation phases, but stagnant new address growth limits upside pote
In early November 2025, Ethereum (ETH) climbed past the $3,000 mark, representing a significant milestone for the world’s second-largest cryptocurrency. Both technical signals and on-chain metrics point to the possibility of additional upward movement. This price level has become a focal point for traders and analysts alike, serving as both a psychological and technical pivot. If ETH can maintain momentum above $3,000, it may pave the way for a rally toward $3,400, but repeated rejections could lead to a sharper pullback
On-chain data presents a mixed picture. According to Glassnode, active
Institutional sentiment is also evolving. U.S. spot Ethereum ETFs saw $92.28 million in inflows on November 24,
Valuation models point to considerable upside. Simon Kim’s Hashed dashboard values Ethereum at $4,747, suggesting it is currently undervalued by 57%. Models based on Metcalfe’s Law estimate a fair value of $9,583, while discounted cash flow analysis using staking returns targets $9,067
Nonetheless, there are ongoing obstacles. The creation of new Ethereum addresses has stalled,
Looking forward, Ethereum’s next moves depend on its ability to firmly reclaim the $3,000 level. A decisive breakout could set sights on $3,120 and then $3,400, while a drop below $2,850 could see a retest of $2,700.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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