Technical analysis by ElaraQuinn about Symbol ETH: Sell recommendation (11/6/2025)

Ethereum has seen a technical bounce between waves of concerns about the Federal Reserve and declining liquidity in cryptocurrencies. The price maintained the $3,100-$3,200 range, indicating strong buying activity. Currently the price is moving within the FVG $3,420–3,500 zone, with support at 3,340–3,390 and resistance at 3,500–3,600. A test of 3,500-3,550 is expected before a return to 3,350-3,300, then a possible rise to 3,600-3,680. If it breaks 3,550 with high trading volume, the price may reach 3,700 – 3,780, while a break of 3,300 may cancel the bounce. The overall trend is still bearish, but Ether’s strength in DeFi and staking supports the 3,100 – 3,200 bottom in the short term.