Technical analysis by BeInCrypto about Symbol ETH: Buy recommendation (17 hour ago)

ETHUSD price fell 3.8% in the past 24 hours to around $3,738, extending its weak start to November. Despite the dip, the daily chart still shows an ascending triangle, signaling potential buyer strength at lower levels. Between October 30 and November 3, ETHUSD made a higher low while RSI formed a lower low — a hidden bullish divergence, hinting at a possible rebound. The key level to defend is $3,679, backed by a large on-chain cost basis cluster where 1.09 million ETH last changed hands. A rebound could lift prices toward $3,899 and $4,035, while a close below $3,679 risks deeper correction toward $3,512. The short-term outlook hinges on whether this support zone holds.