Ethereum is showing a short-term strength but mid-term momentum needs to be repaired as of November 27, 2025. After hitting a low of $2761 on November 24, the price has rebounded for three consecutive days, breaking through the $3000 mark, currently quoted at $3040, with an intraday increase of 3.01%. The technical indicators show that the daily chart MACD has formed a golden cross pattern and the red bars are continuously expanding, but the DIF value remains below the zero axis at -214, indicating that mid-term upward momentum needs to be repaired. Key resistance levels are $3080, $3200, and $3483 (50-day EMA), creating multiple pressures, while support levels at $2900-2935 and the $2840-2860 range need to be closely monitored. Considering the favourable information from the Fusaka upgrade and the inflow of ETF funds, it is expected that Ethereum will oscillate around $3000, and once it breaks through $3200, it is likely to start a new round of pump.