As market sentiment improves, Ethereum's price stabilizes between $3,500 and $3,700, bouncing back from a recent low of around $3,200.
Technical signals and on-chain data suggest that funds are accumulating, but Ethereum must break through the $4,000 resistance level for the next round of significant increases to occur.
The astonishing surge of Bitcoin breaking the $100,000 barrier has brought a new wave of optimism to the cryptocurrency market - now, all eyes are on Ethereum's price. Recent market overviews indicate that Bitcoin's dominance has been reshaping market sentiment, and our DeFi sector highlights this. The explosive rise of Uniswap and the momentum of the industry's recovery.
Now, everyone's focus is on Ethereum (ETH), the second-largest cryptocurrency by market capitalization, which is currently consolidating around the $3500 to $3700 range. As altcoins gradually regain market interest, network activity is picking up, and traders are asking a key question: Can Ethereum... ultimately break through the $4000 resistance level and lead the next wave of revival for altcoins?
Market Background: Current price trend
Ethereum has stabilized after several weeks of intense volatility, with prices consolidating around the mid-$3000 range. The rebound from the $3200 support level indicates that buying pressure remains active, but Ethereum still faces strong resistance around the $4000 mark. The gradual increase in market volume reflects traders' cautiously optimistic attitude following Bitcoin's breakout.
The correlation between Ethereum and Bitcoin remains high — in general, ETH's movements tend to lag behind BTC, but once market momentum spreads, ETH quickly catches up. Given that Bitcoin is currently consolidating at a high level, if liquidity flowing into other cryptocurrencies continues to strengthen, Ethereum seems to have the potential for a breakout upward.
Will the Ethereum price break through $4000 in November?
The last callback dragged the Ethereum price below the support level of the descending parallel channel, but the subsequent rebound allowed it to regain its footing. This indicates strong bullish power, which may sustain the upward momentum. However, some technical indicators do not seem to support this wave of upward movement. Therefore, there are concerns in the market that the Ethereum price may continue to fluctuate within a narrow consolidation range.
The ETH price has regained its position above the support level but still lingers within the descending parallel channel. Although the MACD indicator shows a decrease in buying pressure and a golden cross may occur, the sharp decline in the CMF indicator has raised concerns. This suggests that the token lacks sufficient liquidity, which could lead to a short-term rebound. Therefore, ETH needs to break through the critical resistance level of $3876 to attract buying.
Conclusion: What will be the next trend for the Ethereum price?
The fundamentals of the Ethereum network continue to strengthen. The activity on Layer-2 chains like Arbitrum and Base remains high, driving overall network demand. The participation in staking is steadily increasing, locking up a substantial portion of the circulating supply and resulting in tightened liquidity.
Meanwhile, developer activity and the total value locked (TVL) in DeFi are showing a slow but steady recovery trend. If these on-chain indicators continue to improve, coupled with positive macroeconomic sentiment, Ethereum is expected to gain the momentum needed to return to the $4000-$4200 range and signal a revival of investor confidence.
Ethereum is at a turning point. Its fundamentals remain robust, liquidity is improving, and the market environment appears favorable — but unlocking new upside potential is crucial, making the breakthrough of the $4000 barrier essential. Traders should closely monitor the surge in trading volume and changes in ETF fund inflows, as these are early signals of market strength. If Ethereum follows Bitcoin's trend, the next round of increases could push ETH into the $4500 to $5000 range. Before that, patience and prudent position management remain crucial for investors looking to capitalize on the next wave of upward movement.
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