Technical analysis by MeTraderTr about Symbol ETH on 11/3/2025

Ethereum has formed an approximately 18% compression zone between the $4,232 and $3,677 levels in recent days. This region should be monitored as the decision area where both liquidity pool and market direction will be determined... There are two main structures that attract attention in the chart!!! •2 resistance contacts (double top formation) at $4.232 •5 support exhaustion zones at $3,677 These two extremes form a structure where the price accumulates its energy and has a great breakout potential... 🟩 Resistance Zone ($4.232) – Strong Resistance Zone This level, tested twice, shows that the supply zone is actively protected. Each time, sellers stepped in in this area and turned down the price. Therefore, the $4,232 region is a region with a high probability of an upward liquidity sweep... 📈 If the price breaks the $3.917 (Change of Trend) level and makes a voluminous 4H close, First, the $3,842 FVG (Fair Value Gap) zone can be filled, and after this filling, the $4,032 retest usually triggers the $4,232 breakout... If this breakdown occurs, the structure will give a trend continuation (rising impulse) signal and the $4,320–$4,400 band can be targeted... ----- 🟥 Support Zone ($3.677) – Strong Support Weakening Although the support, which has been tested five times, seems strong at first glance, it is technically weakened. Each repeated contact creates buyer exhaustion and pools liquidity into the bottom. This brings the following risk; The 4H close below $3,677 was not only a simple breakout but also It opens the door to a downward movement that may extend to $ 3,399 with the liquidity flush... This movement generally occurs as a bearish continuation following a break of structure (BoS). ⚖️ Structural Balance (Market Context) •Resistance under tested - high potential for breakage •Support over tested - high risk of breakage For this reason, the price is literally stuck in a decision zone right now... 🔹 Ascension scenario: 4H closing above $3.917 → long structure with target $4.032 → $4.232 An increase in momentum can be expected after FVG filling. 🔹 Fall scenario: 4H closing below $3.677 → short structure with $3.399 target A new bottom may occur after liquidity purchase 🧠 MeTrader Review The 5 support contact shows receivers getting a little more tired with each defense. The second resistance theme is the existence of a patient supply zone. In this case the price often washes the impatient side!!! Price direction, change of trend move above $3,917 or It will become clear with the liquidity breakdown below $3,677. #MeTrader #ETH #Ethereum #Crypto #TechnicalAnalysis #TradingView #PriceAction #FVG #MarketStructure #Liquidity #SmartMoney #SupplyDemand #Breakout #SupportResistance #RiskManagement #CryptoTrading #Binance #Blockchain #Finance #MarketShift #LiquiditySweep