⚡ Ethereum Regains Control 🚀 — But Bulls Must Conquer the $
koinmilyoner
Updated at: 2 hours ago
{"content":"⚡ Ethereum Regains Control 🚀 — But Bulls Must Conquer the $3,700 Wall
Above $3,350, Ethereum price recovered. ETH is improving but faces challenges at $3,720.
Ethereum rallied over $3,350 and $3,400.
The price is over $3,500 and the 100-hour SMA.
The hourly ETH/USD chart broke above a negative trend line with resistance at $3,350.
The pair may rise if it breaks $3,720.
Ethereum Price Trys Recovery
Ethereum launched a comeback wave like Bitcoin by staying over $3,200. ETH price broke $3,350 and $3,400 barrier.
The hourly ETH/USD chart broke above a negative trend line with resistance at $3,350. The pair broke the 50% Fib retracement level of the $3,920 swing high to $3,058 low decline. The price rose over $3,620.
Ethereum is over $3,550 and the 100-hour SMA. A second rebound wave may encounter resistance at $3,650. The $3,720 level and 76.4% Fib retracement of the decline from the $3,920 swing high to the $3,058 low are next resistance levels.
Around $3,750 is the first substantial obstacle. A clean break over $3,750 might push the price above $3,820. Breaking $3,820 may lead to additional gains in the following days. Ether may grow to $3,880 or $3,925 in the short future.
Another ETH drop?
Ethereum may fall again if it fails to break $3,650. Around $3,580 is first downside support. First substantial sponsorship is about $3,500.
A decisive break below $3,500 might bring the price near $3,450. More losses might push the price toward $3,350. The next support is $3,250 and $3,220.
Major Support: $3,500
Major Resistance: $3,650
#ETH #PowellWatch #CFTCCryptoSprint $ETH ","images":["https://d35imkjvkj28kt.cloudfront.net/uploadfile/article/blog/2025112025/11/10/fb6b8cf661a65854f4af556afa383ce4.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}