Technical analysis by CHOWTRADE about Symbol ETH on 11/9/2025

Ethereum continues to respect the long-term ascending trendline, maintaining a healthy market structure. However, the price has once again approached the critical resistance zone between $3,500–$3,800, where sellers historically dominated. This area remains a key decision point for ETH: 🔹 A confirmed breakout above $3,800 could open the way to $4,500–$4,800, continuing the macro uptrend. 🔹 A rejection here, however, might trigger a deeper pullback toward $2,550–$1,950, aligning with the ascending trendline and liquidity zones below. The weekly trend still favors buyers, but momentum shows signs of exhaustion. In my view, ETH needs a period of consolidation before any sustainable breakout. Long-term structure intact but short-term patience is key.