#ETH – Technical Analysis (as of November 3, 2025)
ETH current price $3,666 USD.
📌 Key Levels to Watch
Support:
~$3,679 USD — holds significance, according to on-chain data.
~$3,650 USD — a lower cushion region that could act as a floor.
If the above zones break, a drop toward ~$3,300 USD is possible (linked to 200-day MA and the lower channel boundary).
Resistance:
~$3,899–$4,035 USD — first major hurdle if bulls regain control.
~$4,600+ USD — bullish breakout target region if momentum invites a major rally.
📊 Chart Structure & Indicators
Trend structure: On the daily chart ETH appears to be within an ascending triangle or upward-sloping support line although the short-term momentum is weak.
Momentum / Divergence: A hidden bullish divergence is noted — ETH made a higher low while RSI made a lower low, hinting at latent bullish strength. However, other signals (RSI around 38.7) show momentum is still weak.
Moving Averages: ETH is above its 200-day MA (~$3,300 region) but failed to reclaim the 100-day MA. This mixed context signals caution.
On-chain & Sentiment factors:
Accumulation zone present in ~$3,649–$3,686 region supports the idea of buyer interest at the lows.
Exchange reserves for ETH are low, indicating a possible supply squeeze in the future.
Sentiment remains cautious/negative in short term.
🎯 Outlook (Short to Medium Term)
Bullish scenario (if support holds):
If ETH stabilizes above ~$3,679–$3,700 and shows increasing volume, we could see a rebound toward ~$3,900–$4,000 USD.
If momentum really kicks in, a stretch target around ~$4,600 USD or higher may come into view.
Bearish scenario (if support breaks):
Close below ~$3,650 USD could trigger a move toward ~$3,300 USD or perhaps even the ~$3,000 USD region if broader market sentiment worsens.
Watch the ~$3,650–$3,700 USD zone closely. If ETH holds it and volume picks up, expect a potential bounce toward ~$3,900–$4,000 USD. If that support fails, a deeper correction toward ~$3,300 USD becomes probable.
