Ethereum eyes $3,200 as low stablecoin yields and renewed ETF inflows signal potential market recovery and cautious optimism.
Ethereum (ETH) may be preparing for a recovery toward the $3,200 mark, supported by low stablecoin yields and improved market sentiment.
According to recent data from Santiment, current lending protocol yields are still subdued, suggesting the crypto market has not yet reached overheated conditions. This may leave room for Ether to move higher in the near term.
Stablecoin Yields Signal Room for Growth
According to Santiment, stablecoin yields are currently averaging between 3.9% and 4.5% across major platforms. These low returns indicate that speculative leverage remains limited, which has historically been a sign that a major market top is not near.
“Currently, yields are low, around 4%. This indicates the market has not reached a major top and could still push higher,” Santiment noted in a recent report. With Ether recently priced at $2,991, this projection places a possible price increase of nearly 6.7%.
Santiment views lending yields as a useful tool for gauging crypto market conditions. High yields often signal increased speculation, while lower yields suggest more conservative trading behavior. The current trend supports a slow but steady environment that may favor gradual upward movement.
Market Flows and ETF Activity Support Recovery
Ether has seen net inflows into spot ETF products following weeks of outflows.
This week, spot Ether ETFs recorded $312.6 million in net inflows. This change followed a period of three weeks of withdrawals, suggesting a renewed interest from institutional investors.
Alongside ETFs, some technical indicators are also showing possible early signs of a rebound. Analyst Matthew Hyland pointed out that the ETH-BTC weekly chart is nearing a bullish signal not seen since mid-2020.
#ETH-BTC Weekly closing in on a bullish ribbon flip for the first time since July 2020: pic.twitter.com/8CtOsMx01K
— Matthew Hyland (@MatthewHyland_) November 28, 2025
This shift in ETF activity comes amid Ether’s recent market recovery.
Over the past month, ETH dropped by 21.32% due to a broader market downturn, including the large $19 billion liquidation event in October. The recent inflows may reflect growing confidence that prices are stabilizing.
Related Reading: BitMine Adds 14,618 ETH to Treasury After Price Rebound
Broader Sentiment Shows Early Signs of Stabilizing
Sentiment across the crypto market is showing signs of recovery. November saw the Crypto Fear & Greed Index move from “extreme fear” to a more neutral “fear” zone. This shift suggests traders are slowly regaining confidence after the October sell-off.
Ether’s historical data shows that December has averaged a 6.85% return since 2013, according to CoinGlass. While seasonal trends are not always accurate, they offer context for possible performance patterns.
Still, with Bitcoin underperforming its usual October and November averages this year, analysts remain cautious. Traders are watching Ether’s price movement and yield trends closely to assess short-term direction.