Technical analysis by FP Markets about Symbol ETH: Sell recommendation (11/5/2025)

Following an 8.0% loss in October, ETH/USD has declined nearly 15% this month, and technically speaking, the pendulum is swinging towards further selling in the major altcoin. As shown in the chart below, the pair recently absorbed bids at support between US$3,331 and US$3,407 (6M levels) and is currently retesting the underside of said area as a potential resistance zone. Were sellers to successfully defend this area, this suggests bears could remain in the driving seat until support between US$2,335 (1Y) and US$2,608 (3M). Written by the FP Markets Research Team