NewsBTC
Nov 5, 2025
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Ethereum Price Drops Below $3,500 Amid Continued Bearish Trend

Ethereum Price Decline

  • Ethereum is experiencing a downturn, trading below $3,550 and the 100-hourly Simple Moving Average.
  • A bearish trend line shows resistance at $3,450 on the ETH/USD hourly chart.
  • The price dipped below $3,500 and $3,450, entering a bearish zone, with further declines under $3,350.
  • A low formed at $3,058, with a partial recovery to above the 23.6% Fib level from the recent decline.

Ethereum Price

Resistance and Support Levels

  • Current trading is below $3,400, facing resistance at $3,350 and $3,480.
  • First major resistance is at $3,500; breaking it could lead to $3,550, potentially reaching $3,750 or $3,800.
  • If unable to breach $3,500, support exists at $3,250, with major support at $3,200.
  • Further declines might target $3,120, $3,050, $3,020, and $3,000 as key supports.

Technical Indicators

  • Hourly MACD for ETH/USD is losing momentum in the bearish zone.
  • Hourly RSI is below the 50 mark.
  • Major support is at $3,200; major resistance is at $3,500.