Ethereum Trading Volume Hits $375B In November As ETF Activity Surges – Details
Ethereum is buying and selling above $3,050 after enduring weeks of intense promoting strain and a deep capitulation section amongst short-term holders. While worry continues to dominate sentiment, new information means that market participation has remained surprisingly robust all year long. According to a CryptoQuant report by Arab Chain, Ethereum’s real-time buying and selling quantity throughout all main platforms highlights a pivotal interval in its 2025 trajectory.
Throughout the yr, ETH’s month-to-month buying and selling exercise fluctuated extensively. Volume initially dipped into the $280–$380 billion vary in the course of the market’s early-year slowdown. However, a significant resurgence adopted mid-year, pushed by heightened volatility, renewed institutional exercise, and broader macro shifts. This surge pushed Ethereum’s whole month-to-month buying and selling quantity to a cycle peak of over $599 billion in August—one of many strongest liquidity expansions lately.
Although exercise cooled afterward, the market remained removed from inactive. By the tip of November, whole buying and selling quantity nonetheless hovered round $375 billion, underscoring persistent engagement from each retail and institutional contributors regardless of bearish value motion.
Institutional Activity and Exchange Liquidity Strengthen Ethereum’s Market Structure
Arab Chain explains that the sharp rise in Ethereum’s buying and selling quantity displays considerably improved market liquidity and robust dealer engagement amid fast value swings all through 2025.
Volatility has been a defining characteristic of the yr, and macroeconomic developments—from shifting futures positioning to broader threat sentiment—have amplified buying and selling conduct. Large merchants, specifically, have performed an more and more influential position, responding to futures market dynamics and macro shifts with high-volume transactions that fueled liquidity spikes.
Within this surroundings, Binance has remained the central hub for Ethereum buying and selling. Data exhibits that ETH spot quantity on Binance alone reached round $198 billion in November, underscoring the alternate’s unmatched affect over real-time liquidity flows and short-term value discovery.
Both institutional and retail merchants proceed to rely closely on Binance’s depth, effectivity, and tight spreads, reinforcing its position because the dominant market for main crypto belongings.
Meanwhile, Ethereum exchange-traded funds (ETFs) have supplied a parallel channel for institutional involvement. ETF buying and selling quantity climbed to just about $35 billion in November, demonstrating substantial curiosity from conventional traders looking for regulated publicity to ETH.
This structured liquidity has added a stabilizing layer to the ecosystem, additional strengthening Ethereum’s general market profile throughout a interval of heightened uncertainty.
Testing Support After a Deep Multi-Week Correction
Ethereum is making an attempt to stabilize above the $3,000 degree after a pointy multi-week decline that pushed the asset to its lowest level since early 2025. The weekly chart exhibits that ETH has bounced from a key confluence zone close to the 200-week transferring common, a traditionally necessary area the place long-term traders usually step in. This rebound means that consumers are defending structural help, however momentum stays fragile.
The chart reveals a transparent breakdown from the mid-2025 uptrend, with value slipping beneath the 50-week and 100-week transferring averages. These transferring averages have now was overhead resistance, reflecting a shift in market sentiment. For ETH to regain bullish traction, reclaiming these transferring averages can be essential.
Despite the present bounce, the broader construction exhibits decrease highs forming because the September peak, protecting Ethereum in a susceptible place. Bulls should defend the $3,000 area and push towards the next low to keep away from a deeper retracement. The coming weeks will decide whether or not it is a momentary reduction rally or the start of a bigger restoration development.
Featured picture from ChatGPT, chart from TradingView.com