NewsBTC
Nov 7, 2025
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Ethereum Faces Further Decline Risk Below $3,250

Ethereum's price is experiencing a downturn, currently trading below $3,400 and the 100-hourly Simple Moving Average.

  • A new bearish trend line is developing, with resistance at $3,380 on the ETH/USD hourly chart.
  • The price risks further decline if it falls below $3,250.

Price Analysis:

  • Failed to maintain above $3,480 and declined past $3,420 and $3,400.
  • Bears are defending the 50% Fib retracement level between $3,920 (swing high) and $3,058 (low).
  • Resistance levels: $3,350, $3,380, with major resistance at $3,480.
  • If cleared, potential targets include $3,580 and $3,650.

Ethereum Price

Potential Decline:

  • If unable to surpass $3,380 resistance, a fresh decline might occur.
  • Support levels: Initial at $3,250, then $3,220, and further down to $3,150, $3,050, $3,020, and $3,000.

Technical Indicators:

  • Hourly MACD: Increasing momentum in the bearish zone.
  • Hourly RSI: Below the 50 mark.

Key Levels:

  • Major Support: $3,250
  • Major Resistance: $3,380