Ether may be poised for a short-term rebound, according to crypto analytics platform Santiment. The token was trading near $3,001 on November 30, with analysts suggesting it could test $3,200, implying roughly 7% upside from recent prices around $2,990.
Low stablecoin yields are a key factor behind this optimism. Yields on major crypto lending protocols sit between 3.9% and 4.5%, indicating borrowing demand remains muted. Santiment says this shows the market is not overheated, leaving room for further gains.
Technical signals also support a bullish case. Analyst Matthew Hyland noted the ETH-BTC weekly chart is approaching a “bullish ribbon flip,” a pattern historically linked to periods of extended outperformance versus Bitcoin.
Institutional flows add to the positive tone. Spot Ether ETFs saw $312.6 million in net inflows this week after three weeks of withdrawals, suggesting renewed interest from large buyers.
Market sentiment is improving. The Crypto Fear & Greed Index recently climbed from “extreme fear” into the “fear” zone, hinting that panic selling may be easing. December has historically been favorable for Ether, delivering an average return of nearly 7% since 2013.
Still, traders remain cautious. October and November underperformed seasonal trends, and macro factors such as US tariffs and Fed policy shifts continue to influence the market. ARK Invest CEO Cathie Wood expects the liquidity squeeze in crypto and AI markets to ease soon, with her firm actively buying undervalued assets.
