Ethereum is trading near a key technical level, raising questions about the strength of its current trend. As of press time, the price stands at $3,130, down 11% in the last 24 hours and 4% over the past week.<\/p>\n
Analysts are monitoring this zone to assess whether the asset can hold support or continue its decline.<\/p>\n
ETH is now testing the weekly 50 EMA, a level that acted as resistance for more than a year. This zone, around the $3,200\u2013$3,500 area, is now being retested from the other side. Merlijn The Trader described the setup as \u201cmake or break<\/em>,\u201d noting<\/a>:<\/p>\n \u201cLose this\u2026 and momentum dies. Hold it\u2026 and we send.\u201d<\/p>\n Holding this support keeps Ethereum within a broader trend structure. If the level gives way, sellers may take control again, and the price could shift lower toward the next support zones.<\/p>\n <\/a>Source: Merlijn The Trader\/X<\/p>\n Ethereum\u2019s strength against Bitcoin is also being monitored after reclaiming<\/a> the 50-week EMA on the ETH\/BTC pair. In earlier cycles, including 2021, this development came just before ETH began a major upward move.<\/p>\n Moreover, Ethereum is also moving in a narrow range between $3,350 and $3,675 on the daily chart. It is currently stuck between the 200-day EMA near $3,590 and the 200-day MA at around $3,355. This range has been respected over multiple sessions, with no clear breakout in either direction.<\/p>\n Daan Crypto Trades said<\/a> that a break outside this range \u201cshould lead to another 5%+ move<\/em>,\u201d but added that only a clean break \u2014 not a short-lived wick \u2014 would confirm direction.\u00a0Until a clear move occurs, ETH remains boxed in between these two long-term moving averages.<\/p>\n GalaxyBTC pointed out<\/a> that Ethereum may be forming a double bottom near the $3,100\u2013$3,200 area. This setup comes after a ~36% correction and mirrors a structure seen in 2020. At that time, ETH bounced from a similar double bottom and began a strong rally.<\/p>\n \u201cA bounce here means that the 2020 pattern is still in play,\u201d GalaxyBTC wrote.<\/p>\n A failure to hold here may cancel that pattern and shift expectations to the downside. Price has recently moved from ATH to just above $3,100, matching<\/a> the scale of that earlier pullback.<\/p>\n CryptoWZRD noted<\/a> that Ethereum closed the day in a bearish position and warned that further weakness is possible. ETHBTC is nearing a support level. They added, \u201cA strong bullish reversal is necessary<\/em>,\u201d or ETH could stay under pressure. A drop to $2,800 remains on the table if the price fails to recover.<\/p>\n Short-term support is near $3,230, while resistance is seen around $3,640. Without stronger moves in Bitcoin, Ethereum may stay within this range or trade lower.<\/p>\n Meanwhile, data shows<\/a> large ETH wallets are pulling funds off Binance. This has reduced the available exchange supply. Analysts suggest this may be a sign of long-term positioning, as fewer coins remain ready to sell.<\/p>\n The post Ethereum (ETH) Near Collapse? Key Support Under Pressure After 10% Drop<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Ethereum is trading near a key technical level, raising questions about the strength of its current trend. As of press time, the price stands at $3,130, down 11% in the last 24 hours and 4% over the past week. Analysts are monitoring this zone to assess whether the asset can hold support or continue its […]<\/p>\n","protected":false},"author":0,"featured_media":113152,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-113151","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\/113151"}],"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=113151"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/113151\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/113152"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=113151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=113151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=113151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Double Bottom Structure Near Key Support<\/h2>\n
Weak Daily Close and Exchange Withdrawals<\/h2>\n
![<\/a>Source: Merlijn The Trader\/X<\/p>\nEthereum\u2019s strength against Bitcoin is also being monitored after reclaiming<\/a> the 50-week EMA on the ETH\/BTC pair. In earlier cycles, including 2021, this development came just before ETH began a major upward move.<\/p>\nMoreover, Ethereum is also moving in a narrow range between $3,350 and $3,675 on the daily chart. It is currently stuck between the 200-day EMA near $3,590 and the 200-day MA at around $3,355. This range has been respected over multiple sessions, with no clear breakout in either direction.<\/p>\nDaan Crypto Trades said<\/a> that a break outside this range \u201cshould lead to another 5%+ move<\/em>,\u201d but added that only a clean break \u2014 not a short-lived wick \u2014 would confirm direction.\u00a0Until a clear move occurs, ETH remains boxed in between these two long-term moving averages.<\/p>\nDouble Bottom Structure Near Key Support<\/h2>\nGalaxyBTC pointed out<\/a> that Ethereum may be forming a double bottom near the $3,100\u2013$3,200 area. This setup comes after a ~36% correction and mirrors a structure seen in 2020. At that time, ETH bounced from a similar double bottom and began a strong rally.<\/p>\n\u201cA bounce here means that the 2020 pattern is still in play,\u201d GalaxyBTC wrote.<\/p>\nA failure to hold here may cancel that pattern and shift expectations to the downside. Price has recently moved from ATH to just above $3,100, matching<\/a> the scale of that earlier pullback.<\/p>\nWeak Daily Close and Exchange Withdrawals<\/h2>\nCryptoWZRD noted<\/a> that Ethereum closed the day in a bearish position and warned that further weakness is possible. ETHBTC is nearing a support level. They added, \u201cA strong bullish reversal is necessary<\/em>,\u201d or ETH could stay under pressure. A drop to $2,800 remains on the table if the price fails to recover.<\/p>\nShort-term support is near $3,230, while resistance is seen around $3,640. Without stronger moves in Bitcoin, Ethereum may stay within this range or trade lower.<\/p>\nMeanwhile, data shows<\/a> large ETH wallets are pulling funds off Binance. This has reduced the available exchange supply. Analysts suggest this may be a sign of long-term positioning, as fewer coins remain ready to sell.<\/p>\nThe post Ethereum (ETH) Near Collapse? Key Support Under Pressure After 10% Drop<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Ethereum is trading near a key technical level, raising questions about the strength of its current trend. As of press time, the price stands at $3,130, down 11% in the last 24 hours and 4% over the past week. Analysts are monitoring this zone to assess whether the asset can hold support or continue its […]<\/p>\n","protected":false},"author":0,"featured_media":113152,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-113151","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\/113151"}],"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=113151"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/113151\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/113152"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=113151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=113151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=113151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/11\/G5oOFOjXUAEtfuX.jpeg\"){kind=link}