Ethereum (ETH) is trading at around $3,700 at press time, down over 4% in 24 hours and nearly 11% on the week.<\/p>\n
While near-term momentum has turned bearish, several analysts are looking at this zone as a possible springboard for a broader move.<\/p>\n
Ali Martinez outlined what he called the \u201cdream scenario<\/em>\u201d for Ethereum. In this view, ETH would hold above $3,800, break through resistance near $4,900, and continue toward $8,000. His chart shows a step-by-step path higher, with pauses near $5,600, $6,400, and $7,200.<\/p>\n He stated<\/a>,<\/p>\n \u201cEthereum bounces off $3,800, smashes through $4,900, and rockets to $8,000.\u201d<\/p>\n This move would require a clear break above the $4,900 area, which previously acted as a cap. That level remains a focus for market participants watching for signs of trend reversal.<\/p>\n <\/a>Source: Ali Martinez\/X<\/p>\n While longer-term setups remain in play, shorter timeframes show pressure building. The daily RSI is at 39, pointing to a lack of buying strength. The MACD also shows the trend leaning bearish, with the signal and MACD lines both in negative territory.<\/p>\n <\/a>Source: TradingView<\/p>\n Ted noted<\/a> that Ethereum is at a make-or-break zone.<\/p>\n \u201cIf this level holds, Ethereum could rally towards $4,000 this week. If ETH fails to hold this, expect a dump below the $3,500 zone,\u201d he said.<\/p>\n On the ETH\/BTC chart, market watchers continue to monitor key support zones that have historically acted as strong foundations during previous cycles. In earlier commentary, Micha\u00ebl van de Poppe referred<\/a> to this broader area as an \u201cideal zone for buys.<\/em>\u201d<\/p>\n Chart watchers are also pointing to larger structures still in place. Trader Tardigrade described<\/a> a falling wedge pattern on the weekly ETH chart, saying it remains valid and could lead to a move. Merlijn The Trader compared<\/a> ETH\u2019s setup to a previous Bitcoin cycle.<\/p>\n \u201cIf the echo continues, ETH is about to rip,\u201d he said.<\/p>\n Crypto Patel noted<\/a> that ETH remains in a wide trading range between $2,560 and $5,760. He highlighted that the MVRV ratio is currently at 1.5, which reflects a neutral zone historically seen before major price moves. He described this period as \u201cthe calm before every big move in past cycles.<\/em>\u201d<\/p>\n On-chain activity supports this, with Crypto Rand reporting<\/a> that ETH stablecoin transfer volume hit $2.82 trillion in October, a new record and a 45% rise from September.<\/p>\n The post Can Ethereum (ETH) Indeed Surge to $8K? Here\u2019s What Analysts Say<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Ethereum (ETH) is trading at around $3,700 at press time, down over 4% in 24 hours and nearly 11% on the week. While near-term momentum has turned bearish, several analysts are looking at this zone as a possible springboard for a broader move. Analysts Watch $3,800 as Key Level Ali Martinez outlined what he called […]<\/p>\n","protected":false},"author":0,"featured_media":110151,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-110150","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/110150"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=110150"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/110150\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/110151"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=110150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=110150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=110150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Short-Term Signals Show Weakness<\/h2>\n
Broader Market Setup Remains Intact<\/h2>\n
![<\/a>Source: Ali Martinez\/X<\/p>\nShort-Term Signals Show Weakness<\/h2>\nWhile longer-term setups remain in play, shorter timeframes show pressure building. The daily RSI is at 39, pointing to a lack of buying strength. The MACD also shows the trend leaning bearish, with the signal and MACD lines both in negative territory.<\/p>\n<\/a>Source: TradingView<\/p>\nTed noted<\/a> that Ethereum is at a make-or-break zone.<\/p>\n\u201cIf this level holds, Ethereum could rally towards $4,000 this week. If ETH fails to hold this, expect a dump below the $3,500 zone,\u201d he said.<\/p>\nOn the ETH\/BTC chart, market watchers continue to monitor key support zones that have historically acted as strong foundations during previous cycles. In earlier commentary, Micha\u00ebl van de Poppe referred<\/a> to this broader area as an \u201cideal zone for buys.<\/em>\u201d<\/p>\nBroader Market Setup Remains Intact<\/h2>\nChart watchers are also pointing to larger structures still in place. Trader Tardigrade described<\/a> a falling wedge pattern on the weekly ETH chart, saying it remains valid and could lead to a move. Merlijn The Trader compared<\/a> ETH\u2019s setup to a previous Bitcoin cycle.<\/p>\n\u201cIf the echo continues, ETH is about to rip,\u201d he said.<\/p>\nCrypto Patel noted<\/a> that ETH remains in a wide trading range between $2,560 and $5,760. He highlighted that the MVRV ratio is currently at 1.5, which reflects a neutral zone historically seen before major price moves. He described this period as \u201cthe calm before every big move in past cycles.<\/em>\u201d<\/p>\nOn-chain activity supports this, with Crypto Rand reporting<\/a> that ETH stablecoin transfer volume hit $2.82 trillion in October, a new record and a 45% rise from September.<\/p>\nThe post Can Ethereum (ETH) Indeed Surge to $8K? Here\u2019s What Analysts Say<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Ethereum (ETH) is trading at around $3,700 at press time, down over 4% in 24 hours and nearly 11% on the week. While near-term momentum has turned bearish, several analysts are looking at this zone as a possible springboard for a broader move. Analysts Watch $3,800 as Key Level Ali Martinez outlined what he called […]<\/p>\n","protected":false},"author":0,"featured_media":110151,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-110150","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/110150"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=110150"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/110150\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/110151"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=110150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=110150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=110150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/11\/G4vJI3LW8AAfr4E.jpeg\"){kind=link}
![<\/a>Source: TradingView<\/p>\nTed noted<\/a> that Ethereum is at a make-or-break zone.<\/p>\n\u201cIf this level holds, Ethereum could rally towards $4,000 this week. If ETH fails to hold this, expect a dump below the $3,500 zone,\u201d he said.<\/p>\nOn the ETH\/BTC chart, market watchers continue to monitor key support zones that have historically acted as strong foundations during previous cycles. In earlier commentary, Micha\u00ebl van de Poppe referred<\/a> to this broader area as an \u201cideal zone for buys.<\/em>\u201d<\/p>\nBroader Market Setup Remains Intact<\/h2>\nChart watchers are also pointing to larger structures still in place. Trader Tardigrade described<\/a> a falling wedge pattern on the weekly ETH chart, saying it remains valid and could lead to a move. Merlijn The Trader compared<\/a> ETH\u2019s setup to a previous Bitcoin cycle.<\/p>\n\u201cIf the echo continues, ETH is about to rip,\u201d he said.<\/p>\nCrypto Patel noted<\/a> that ETH remains in a wide trading range between $2,560 and $5,760. He highlighted that the MVRV ratio is currently at 1.5, which reflects a neutral zone historically seen before major price moves. He described this period as \u201cthe calm before every big move in past cycles.<\/em>\u201d<\/p>\nOn-chain activity supports this, with Crypto Rand reporting<\/a> that ETH stablecoin transfer volume hit $2.82 trillion in October, a new record and a 45% rise from September.<\/p>\nThe post Can Ethereum (ETH) Indeed Surge to $8K? Here\u2019s What Analysts Say<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Ethereum (ETH) is trading at around $3,700 at press time, down over 4% in 24 hours and nearly 11% on the week. While near-term momentum has turned bearish, several analysts are looking at this zone as a possible springboard for a broader move. Analysts Watch $3,800 as Key Level Ali Martinez outlined what he called […]<\/p>\n","protected":false},"author":0,"featured_media":110151,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-110150","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/110150"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=110150"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/110150\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/110151"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=110150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=110150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=110150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/11\/ETHUSD_2025-11-03_16-12-38.png\"){kind=link}