Ethereum (ETH) Corrects, Will November Bring New Hope?

Jakarta, Pintu News – Ethereum (ETH) has recently experienced a decline after peaking at $4,252. Now, the price has dropped below $4,000 and there is potential for further declines if the price moves below $3,920.

Ethereum (ETH) Price Correction

After reaching a high of over $4,200, Ethereum (ETH) started to experience a price correction. This decline occurred after Ethereum (ETH) managed to surpass the $4,050 level, similar to Bitcoin (BTC). However, selling pressure started to emerge and the price reached a high of $4,252 before finally starting to fall.

This decline was characterized by the price moving below the $4,120 and $4,050 levels. Ethereum (ETH) also dropped below the 50% Fibonacci retracement level of the last rise that started from a low of $3,708 to a high of $4,252. Moreover, there was also a breakdown of the bullish trend line that has support at $4,100 on the hourly chart of ETH/USD.

Also Read: Top 3 Crypto’s that are Trending and Stealing Investors’ Attention by the End of 2025!

Potential for Further Decline

Currently, Ethereum (ETH) is trading below $4,080 and the 100-hour simple moving average. In case of another increase, the price may face resistance near the $4,040 level. The next key resistance is near $4,080. If Ethereum (ETH) fails to break the $4,080 resistance, there is a possibility that the price will drop again. Initial support lies near $3,950, with the next major support at the $3,920 zone and the 61.8% Fibonacci retracement level of the last rise from $3,708 to $4,252.

Key Resistance and Support

If Ethereum (ETH) manages to break the $4,120 resistance, the price could move towards $4,200. An increase above the $4,200 area might trigger further gains in the coming sessions. In that scenario, Ethereum (ETH) could rise towards the $4,240 or even $4,250 resistance zone in the near future.

However, if the price continues to fall below the $3,920 support, Ethereum (ETH) might reach support at $3,880. A further drop could take the price to the $3,840 region in the near term. The next key support lies at $3,780.

Conclusion

The current price dynamics of Ethereum (ETH) suggests that the market may be preparing for a deeper correction phase. Investors and traders should pay attention to the mentioned resistance and support levels in anticipation of further price movements.

Also Read: Bitcoin (BTC) Breaks $115,000, Fear & Greed Index is Neutral!

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Ethereum Turns Lower, $4K Holds Key For Fresh Increase. Accessed on October 30, 2025