NewsBTC
Nov 4, 2025
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Ethereum Price Declines Below $3,750 Amid Bearish Wave

Ethereum Price Analysis

  • Ethereum ETH is experiencing a decline, trading below $3,750 and the 100-hourly Simple Moving Average.
  • A bearish wave initiated after failing to surpass $3,880, with the price dropping below $3,800 and $3,750.
  • A contracting triangle pattern is forming, showing resistance at $3,650 on the ETH/USD hourly chart.
  • The price could continue downward if it falls below the $3,550 support level.

Current Situation

  • The recent low was formed at $3,557, with consolidation near the 23.6% Fib retracement of the drop from $3,920 to $3,557.
  • Resistance levels are identified at $3,650 and $3,740, with the major resistance around $3,800.
  • An upward break past $3,880 may lead to further gains toward $4,000 or $4,050.

Ethereum Price

Potential Decline

  • If unable to breach $3,800, ETH might face initial support near $3,580 and key support at $3,550.
  • A move below $3,550 could drive the price down to $3,500, with further losses potentially reaching $3,420, $3,350, and $3,320.

Technical Indicators

  • Hourly MACD: Gaining momentum in the bearish zone.
  • Hourly RSI: Positioned below the 50 mark.
  • Major Support Level: $3,550
  • Major Resistance Level: $3,800