Ethereum Under Fire 🔥 — Selling Pressure Builds Near Crucia
김정은 金正恩 Kim_jong_Un
Updated at: 6 hours ago
{"content":"Ethereum Under Fire 🔥 — Selling Pressure Builds Near Crucial Support
Ethereum fell below $3,750 again. ETH is falling below $3,700 and may go below $3,550.
Ethereum returned to bearishness after failing to break $3,880.
The price is below $3,700 and the 100-hour SMA.
The hourly ETH/USD chart shows a contracting triangle with resistance around $3,650.
If below $3,550, the pair may fall.
Further Ethereum Price Drop
Ethereum followed Bitcoin below $3,880 and fell. ETH fell below $3,800 and $3,750 into a bearish zone.
The drop accelerated below $3,650. Bulls finally emerged near $3,550. The price is consolidating losses at the 23.6% Fib retracement level of the current slide from the $3,920 swing high to the $3,557 low.
Ethereum has fallen below $3,800 and the 100-hour SMA. A rebound wave may encounter resistance at $3,650. The hourly ETH/USD chart shows a contracting triangle with resistance around $3,650.
Next resistance is approaching $3,740, the 50% Fib retracement level of the current slide from $3,920 swing high to $3,557 low. Near $3,800 is the first significant resistance. A clean break over $3,800 might push the price above $3,880. Above $3,880 might lead to additional advances in the following sessions. Ether may reach to $4,000 or $4,050 soon.
More ETH losses?
Ethereum may fall again if it fails to break $3,800. Around $3,580 is first downside support. Near $3,550 is the first big support.
A decisive break below $3,550 might bring the price beyond $3,500. More losses might push the price beyond $3,420. Next important support is $3,350 and $3,320.
Major Support: $3,550
Major Resistance: $3,800 
#ETH #FOMCMeeting #MarketPullback $ETH $BNB $XRP ","images":["https://d35imkjvkj28kt.cloudfront.net/uploadfile/article/blog/2025112025/11/04/dea157d1d25b42999cdf14c594b0d5ff.png"],"tags":[],"tradingPairs":["XRP/USDT"],"quotearticleid":0}