Technical analysis by John_Isige about Symbol ETH on 11/11/2025

Ethereum (ETH/USD) remains under medium-term bearish pressure, continuing to correct within its descending channel against the backdrop of a long-term uptrend. Last week, the pair tested the 3,125.00 level (Murray [2/8], 50% Fibonacci retracement) after temporarily breaking below the channel’s lower boundary but failed to consolidate there. Currently, ETH is trading near 3,750.00 (Murray [4/8]), supported by the midline of the Bollinger Bands. A confirmed breakout above this level could trigger an upward recovery toward the upper boundary of the descending channel near 4,375.00 (Murray [6/8]) and potentially 5,000.00 (Murray [8/8]). However, given prevailing sentiment, the base scenario remains bearish — the pair is more likely to resume its decline along the channel’s lower edge, with another possible breakout downward. For bears, the key level remains 3,125.00. A daily or weekly close below it would likely open the path to 2,500.00 (Murray [0/8]) and 2,187.50 (Murray [–1/8]), extending the correction. ⸻ Technical Outlook •Bollinger Bands: Pointing downward — confirming strong bearish momentum. •MACD: Stable in negative territory — trend remains under seller control. •Stochastic: Rising but already overbought — potential for reversal in the short term. •Weekly Chart: ETH continues to trade below the Bollinger midline, keeping downside risks intact. ⸻ Support and Resistance •Resistance: 3,750.00 / 4,375.00 / 5,000.00 •Support: 3,125.00 / 2,500.00 / 2,187.50 ⸻ Trading Scenarios Main Scenario — Sell Stop •Entry: 3,110.00 •Take Profit: 2,500.00 / 2,187.50 •Stop Loss: 3,540.00 •Bias: Bearish continuation below 3,125.00 •Timeframe: 5–7 days Alternative Scenario — Buy Stop •Entry: 3,770.00 •Take Profit: 4,375.00 / 5,000.00 •Stop Loss: 3,360.00 •Bias: Bullish reversal above 3,750.00 ⸻ 💬 ETH remains technically weak below 3,750.00. A breakdown under 3,125.00 would confirm further downside toward 2,500.00, while a close above 3,750.00 could trigger a short-term recovery toward 4,375.00.