Ethereum (ETH) in an Ascending Triangle Pattern: Will the Price Rise or Fall? (11/3/25)

Jakarta, Pintu News – Ethereum (ETH) is currently in an ascending triangle pattern, according to analysis from Trend Diva. This pattern shows that Ethereum price is in a consolidation phase with the upper boundary as long-term resistance and the lower boundary as dynamic support.

Although ETH has recently experienced a price correction, there is still potential for an upward movement if key support holds. However, if ETH fails to hold above its critical support level, then selling pressure could intensify, pushing prices lower.

Key Support and Resistance Levels

Currently, Ethereum is struggling to stay above the $2,000 support zone, which is an important area as it meets a major trend line. If ETH manages to stay above this level, there is potential for a rebound to resistance around $2,800.

However, if the ETH price drops below $2,000, then the bearish trend could get stronger, with a target drop towards $1,414 or even lower.

Additionally, Ali Martinez, another crypto analyst, noted that ETH seems to be exiting a parallel channel, which could push the price down to $1,250 if the bearish momentum continues.

Also Read: MicroStrategy Stock Downside Risk Amid Crypto Market Volatility

The Whale’s Role in Determining Price Direction

Amid market uncertainty, Ethereum whales seem to be trying hard to defend the $2,000 support level. In the past 48 hours, whales have bought around 330,000 ETH, which could help withstand selling pressure and trigger a potential bullish trend reversal.

If this whale accumulation manages to keep the price above the major support, ETH could return to a bullish path with a target of $2,800 or higher. However, if this buying is not strong enough, then a deeper bearish scenario could occur.

Conclusion

Ethereum is currently at a critical point in an ascending triangle pattern. If the price stays above $2,000, the potential for a rise to $2,800 is still open. However, if this level is broken, ETH could fall to $1,414 or even $1,250.

Investors need to monitor support levels and whale activity as key indicators to determine the direction of Ethereum’s next price movement.

Also Read: Shiba Inu (SHIB) and the Challenges to a Price Rally in the Cryptocurrency Market (11/3/25)

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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. Trading crypto carries 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 in Ascending Triangle: What’s Next?. Accessed March 11, 2025.
• Featured Image: Generated by AI