{"content":"ETH Nosedives 💥 — Can the Market Recover From a 10% Shock? Below $3,550, Ethereum price fell again. Below $3,400, ETH may fall more if it continues below $3,500. Ethereum returned to bearishness after failing to break $3,650. The price is below $3,500 and the 100-hour SMA. The hourly ETH/USD chart shows a negative trend line with resistance at $3,450. If below $3,200, the pair may fall. Ethereum Price Drops Sharply Ethereum, like Bitcoin, fell below $3,550. ETH fell below $3,500 and $3,450 into a negative zone. The drop accelerated below $3,350. Bulls finally emerged around $3,050. The price is consolidating losses after a $3,058 low. A rebound wave occurred above the 23.6% Fib retracement level of the latest downturn from $3,920 swing high to $3,058 low. Ethereum has fallen below $3,400 and the 100-hour SMA. A solid rise might encounter resistance at $3,350. Next important barrier is approaching $3,480, the 50% Fib retracement level of the current slide from $3,920 swing high to $3,058 low. The hourly ETH/USD chart shows a negative trend line with resistance at $3,450. Near $3,500 is the first substantial resistance. A clean break over $3,500 might push the price above $3,550. Breaking $3,550 might lead to greater gains in the following days. Ether may soar to $3,750 or $3,800 soon. More ETH losses? Ethereum may fall again if it fails to break $3,500. The downside has first support at $3,250. First significant support is around $3,200. A decisive break below $3,200 might bring the price around $3,120. More losses might push the price toward $3,050. The next support is $3,020 and $3,000. Major Support: $3,200 Major Resistance: $3,500 #ETH #MarketPullback #FOMCMeeting $ETH ","images":["https://d35imkjvkj28kt.cloudfront.net/uploadfile/article/blog/2025112025/11/05/c5da17b3510d24bc0210b8c0048ea1e0.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}