Ethereum price confirms bullish reversal pattern as exchange supply drops rapidly

Ethereum's price has shown bullish momentum, reclaiming the $3,000 mark as the cryptocurrency market experiences a rebound. This resurgence is accompanied by a significant increase in demand for Ethereum futures, which have become the dominant driver in the derivatives market compared to the spot market.

On November 27, 2025, the government of Bhutan moved 320 Ethereum (ETH) into staking, valued at approximately $970,000, through the institutional provider Figment.io. This transaction created 10 new validators, adhering to the network's requirement of 32 ETH per validator, and marks Bhutan's largest ETH action since May 2025.

Analysts have indicated that a Pi Network exchange-traded fund (ETF) is not imminent, highlighting the necessity for real price discovery, liquidity, regulatory maturity, and regulated custody before any potential filing. Currently, no official announcements or filings exist regarding a Pi Network ETF.

Dogecoin has continued its downward trajectory, trading below a descending resistance line that has thwarted multiple rally attempts. The cryptocurrency's price action has been characterized by bearish momentum and extreme fear among investors, leading to a prevailing expectation of further declines.

A significant 35% correction in Bitcoin's price has occurred, dropping from $124,000 to around $81,000, which has triggered a Hash Ribbon signal indicating potential market stabilization and a cyclical bottom. This situation has drawn attention to the SUBBD token, which integrates Web3 payments and AI technology to enhance creator earnings and fan engagement.

An Ethereum ICO whale has cashed out approximately $60 million after achieving a staggering 9,500x gain, despite a backdrop of market downturns and some early investors selling their holdings. This move comes as the top 1% of Ethereum holders continue to accumulate the cryptocurrency, indicating a divergence in investor sentiment within the market.

Switzerland has announced a delay in the automatic sharing of cryptocurrency tax data with foreign authorities until at least 2027, despite plans to adopt a crypto-asset reporting framework in law starting in 2025.

The Federal Reserve is expected to end its quantitative tightening (QT) in December, a shift that may influence the liquidity available for risk assets like Bitcoin. This change comes after a prolonged period of QT, which has been linked to Bitcoin's slower-than-expected growth in the current cycle. The Fed's potential move towards quantitative easing could significantly alter market dynamics.