ETH Price Prediction: Navigating Resistance Amidst Mixed Signals

#ETH

• Technical Resistance: ETH price is currently below its 20-day moving average at $3,009, which acts as a key resistance level. Bearish MACD crossover reinforces this barrier.
• Mixed Market Drivers: Strong fundamental demand from record network activity is offset by negative sentiment from a major DeFi exploit and cautious technical forecasts.
• Near-Term Outlook: The immediate trend is challenged. A move to $3,000 requires overcoming significant technical selling pressure and absorbing the impact of recent negative news.

ETH Price Prediction

Technical Analysis: ETH/USDT Trading Pair

As of December 1, 2025, ETH is trading at $2,841.43, positioned below its 20-day moving average of $3,009.12. This indicates a short-term bearish momentum. The MACD reading of -78.61, with the signal line above the MACD line, confirms this bearish crossover and suggests weakening upward momentum. The price is currently trading closer to the lower Bollinger Band ($2,694.07) than the middle band ($3,009.12), which often signals an oversold condition or continued downward pressure. 'The confluence of price below the key 20-day MA and a bearish MACD crossover points to near-term resistance for ETH,' says BTCC financial analyst James. 'A sustained MOVE above the $3,009 level is needed to shift the technical picture.'

Market Sentiment: Bullish Fundamentals Meet Bearish Headlines

Current news flow presents a mixed but cautionary picture for Ethereum. While fundamental demand is robust—evidenced by record-high blockspace activity—technical analysts warn of a potential retest of support NEAR $2,950. A significant negative overhang is the $3 million exploit on Yearn Finance's yETH, which highlights persistent DeFi security risks and could temporarily dampen investor confidence. 'The surge in network usage is a powerful long-term bullish driver, confirming Ethereum's utility,' notes BTCC's James. 'However, in the immediate term, the technical resistance and negative sentiment from the exploit are likely to dominate price action, aligning with the bearish technical signals.'

Factors Influencing ETH’s Price

Yearn Finance's yETH Exploit Drains $3 Million in DeFi Breach

A sophisticated attack on Yearn Finance's yETH product resulted in the loss of approximately 1,000 ETH ($3 million) through a vulnerability in its liquidity pool. The exploiter deployed self-destructing smart contracts to artificially inflate yETH supply, then drained funds while obscuring transactional trails.

Blockchain analytics reveal the attacker minted near-infinite yETH in a single transaction, exploiting the protocol's stableswap pool. Notably, the attack did not compromise Yearn's core vaults or V2/V3 systems, which remain secure.

The incident highlights persistent risks in DeFi's composability. As one blockchain investigator noted: 'Attack vectors evolve faster than shields.' Approximately $11 million was in the affected pool at the time of exploitation, with portions of stolen funds routed through Tornado Cash.

Ethereum Price Prediction: ETH Faces Retest of $2,950 as Technicals Cool Rally

Ethereum's recent surge above $3,100 shows signs of exhaustion as technical indicators flash caution. The TD Sequential—a widely watched trend-exhaustion model—has triggered a sell signal on Binance's hourly chart, suggesting a pullback toward $2,950 may precede any renewed upward momentum.

Market structure reveals a descending channel forming on shorter timeframes, with prior resistance near $3,050 now acting as a local ceiling. Institutional participation continues to underpin ETH's broader uptrend, but the asset's 15% rally from $2,700 appears due for consolidation.

Ethereum Demand Surges as Blockspace Activity Hits Record High

Ethereum Mainnet activity has reached a new all-time high, with year-on-year growth of 57%. The surge reflects robust demand for blockspace despite ongoing debates about network effects and Layer-2 expansion pressures.

The Fusaka upgrade, scheduled for December 3, promises higher throughput, faster transactions, and lighter node operations. This enhancement will bolster Ethereum's capabilities without compromising decentralization, enabling near-instantaneous payments and mobile-friendly wallet integrations.

Gas usage continues to climb, reinforcing ETH's role as settlement collateral by linking economic activity with supply reduction through its fee-burning mechanism.

Will ETH Price Hit 3000?

Based on the current technical setup and market sentiment, a move to $3,000 in the immediate future faces significant headwinds. The price is currently below this key level, acting as resistance (the 20-day MA). A breakthrough would require a shift in momentum. The table below summarizes the key data points: