Ethereum is back in focus as bulls lean into a potential recovery. ETH is trading around $2,900 today, with a slight move up on the day as the asset follows other large caps like Bitcoin, Solana, and XRP. But Ethereum’s real potential may only just be starting to unfold.
The belief in a new price upswing for ETH is being driven by two big themes. First, traders are leaning into predictions of a Federal Reserve rate cut in December after a clear risk-on day pushed majors toward key resistance levels and lifted the global crypto market cap by more than 2.5% earlier in the week. Second, and more Ethereum-specific, regulators have now approved US banks to hold ETH for clients in regulated custody setups, alongside updated guidance that lets institutions maintain ETH accounts for gas fees. That kind of structural demand story is what long-term bulls want to see as Ethereum matures.
While ETH continues attacking the $3,000 level, traders who want higher upside are again gravitating toward crypto presales tied to live products rather than just ideas. The price for this wallet-utility token is still very affordable at only $0.026005. However, as the presale will conclude in less than 48 hours, this could be the last opportunity to get your hands on BEST at a discount.
Ethereum Price Eyes $3,000 as Doors Open for Institutions
On the charts, Ethereum has already prodded the $2,980 to $3,000 zone several times this week. Short-term analysis shows ETH trading above $2,800 after breaking a bearish trendline near $2,950, but repeatedly running into sellers around $3,000 - which remains the critical breakout level for momentum traders.
The regulatory catalyst behind the latest push is unusually clear. Fresh guidance confirms US banks can now custody Ethereum for clients, giving high-net-worth and institutional investors a compliant route into the asset, while earlier rules already let banks hold ETH specifically to pay network gas fees. Together, these decisions deepen the link between traditional finance and Ethereum’s base layer.
Macro conditions are adding extra fuel. Earlier this week, major coins jumped as traders priced an 80% chance of a December Fed cut and pushed the global crypto market cap to just over $3.03 trillion, with ETH rushing toward $3,000 again before cooling slightly. That kind of shift from fear to cautious optimism often precedes stronger follow-through if resistance finally breaks.
If ETH can flip 3,000 into solid support, attention is likely to swing back to ecosystem plays that live on the network itself. Non-custodial wallets, staking hubs, and presale launchpads that already sit on Ethereum are obvious beneficiaries of deeper institutional involvement, which is why projects like Best Wallet Token (BEST) are attracting such aggressive flows as traders hunt leveraged exposure to an Ethereum recovery.
Token-Powered Non-Custodial Wallet Raises Biggest Presale Funds in Sector History
Best Wallet is a mobile-first, non-custodial crypto wallet that’s already live and functioning on its own, and is designed specifically to work with the BEST utility token. The app integrates institutional-grade Fireblocks MPC-CMP security, supports dozens of blockchains, and lets users trade crypto and manage portfolios directly from their smartphones.
The wider ecosystem goes beyond basic storage. Best Wallet folds in a cross-chain DEX aggregator with precise routing, so users can access liquidity from hundreds of decentralized exchanges across more than 60 networks. An extensive future roadmap also features updates like the Best Card, which aims to simplify everyday spending with crypto and cashback rewards paid in BEST.
Crucially, BEST is wired into the core mechanics of that ecosystem. Holders gain reduced trading fees in the wallet and DEX, boosted staking yields, early access to new token launches via the in-app Upcoming Tokens portal, and governance rights. The tokenomics outline the minting of 10 billion BEST with no seed or private sale, with 8% reserved for staking rewards and a sizable 35% for marketing to drive user growth.
In a recent YouTube review of BEST, analyst Borch Crypto singles out the token as one of the most compelling presales of this cycle, arguing that presale allocations are “flying off the shelves” ahead of DEX and CEX listings. He highlights the planned Best Card with up to 8% cashback in BEST as a killer hook for mainstream users, with the unprecedented presale traction for a wallet token reaffirming the possibility of 100x upside after listing.
Best Wallet Token Presale Nears Deadline With Less Than 48 Hours Left
The presale itself is now in the final stretch. Best Wallet Token has raised over $17.5 million so far and could be targeting over $18 million by the time the sale closes on November 28 at 12:00 UTC. The current and final presale price is $0.026005 per BEST, reflecting a series of incremental price steps from an original floor near $0.0225, which gives early investors a sizable but not excessive initial upside.
Momentum has stayed strong throughout the year-long presale, even during the recent market slump. Six-figure daily inflows during the final week show that investors are prioritizing live infrastructure projects over pure narratives. With only two days remaining before listings and token generation, late buyers are effectively treating this as a last chance to secure BEST at its presale price.
BEST can be locked directly from the presale into the native staking contract, with this rewards system continuing post listing. Staking is currently paying around 75% annualized rewards, distributed at a rate of 101.21 tokens per Ethereum block over a three-year schedule. That impressive APY is well into double digits above typical Ethereum staking yields, and tightens circulating supply ahead of exchange listings.
As Ethereum grinds toward the $3,000 level and US banks move into regulated ETH custody, Best Wallet Token’s fully audited presale is nearly sold out. For less than two days, investors looking for leveraged exposure to the next uptrend can still buy BEST at a discount - but after that, the market takes over.