Ethereum freefalls after recovery, struggles to maintain momentum above $3,500

Jakarta, Pintu News – Ethereum (ETH) experienced a sharp decline after failing to sustain gains above $3,650, similar to what happened to Bitcoin (BTC). Now, ETH is struggling to return to higher price levels, with many challenges ahead.

Ethereum Price Drop

After reaching a temporary peak at $3,650, Ethereum (ETH) experienced a significant decline. ETH price dropped below $3,550 and entered a short-term bearish zone. This decline accelerated when the price broke below $3,500, as well as the 50% Fibonacci retracement level of the previous rise that started from a low of $3,176 to a high of $3,658.

Currently, Ethereum is trading below $3,550 and the 100-hour simple moving average. In the event of a recovery wave, Ethereum may face resistance near $3,475. The next key resistance is near $3,500, with the first major resistance at $3,550. There is also a key bearish trend line forming with resistance at $3,550 on the hourly chart of ETH/USD.

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Ethereum Price Increase Potential

If Ethereum manages to break the $3,550 resistance, there is a possibility that the price will move towards $3,650. A further increase above the $3,650 region could trigger further gains in the coming days. In that scenario, Ether could rise towards the $3,800 or even $3,880 resistance zone in the short term.

However, if Ethereum fails to break the $3,500 resistance, the price could drop again. Initial support lies near $3,400, with the first major support in the $3,360 zone and the 61.8% Fibonacci retracement level of the previous rise from $3,176 to $3,658.

Risk of Further Decline

A break below $3,360 support could push the price towards $3,280 support. If the decline continues, the price could reach the $3,240 region in the near term. The next key supports are located at $3,220 and $3,200. The hourly MACD indicator for ETH/USD shows increasing momentum in the bearish zone, while the hourly RSI for ETH/USD is now below the 50 zone.

Conclusion

Current market dynamics indicate that Ethereum is still under significant selling pressure. Investors and traders should be alert to further price movements and consider the support and resistance levels that have been identified as key indicators for making trading decisions.

Also Read: Bitcoin Poised to Surge After US Government Shutdown Deal: History Repeats?

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*Disclaimer

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.

FAQ

• What is Ethereum (ETH)?

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• Why did Ethereum price drop below $3,550?

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• What are Fibonacci retracement levels?

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• What would be the impact of a break above $3,650 for Ethereum?
  • If Ethereum manages to break above $3,650, it could trigger further gains and possibly reach up to $3,800 or $3,880.
• What are MACD and RSI indicators?

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Reference

• NewsBTC. Ethereum Slips After Rebounding to $3,500, Why ETH Could Resume Decline. Accessed on November 14, 2025