Is ETH Still Bullish? Analyzing Opportunities

Ethereum has spent the first half of November in a choppy but promising recovery phase. After sliding toward local lows earlier in the month, ETH managed to climb back near $3,585 with stronger trading volume and steadier market engagement.

Traders are now asking whether the current move can develop into something more convincing, especially with the $3,600 to $3,700 range acting as a firm barrier.

Analysts agree that this zone holds the answer to Ethereum’s short term direction, while deeper support near $2,866 continues to anchor the broader trend.

With mixed signals across the market, ETH’s outlook is a blend of cautious optimism and technical opportunity.

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Key Takeaways

1. ETH needs a reclaim above $3,600: A move above this zone may spark bullish momentum and set the stage for a climb toward $4,000.

2. Support between $3,100 and $3,300 remains important: Repeated rebounds from this area show traders still view it as a protective range during pullbacks.

3. Fractal comparisons hint at a larger move: Some analysts see a repeating pattern that once sent Ethereum from $2,600 to $4,600.

Ethereum Holds Its Ground As Analysts Look For A Break Above $3,600

Ethereum’s latest recovery phase has attracted more attention thanks to steady trading activity and a modest rise in market confidence.

ETH’s valuation around $3,585 reflects a market that is stabilizing after several weeks of pressure.

The recent increase in daily trading volume above $27 billion also shows stronger participation from both short term traders and longer term holders.

Analyst Views on Immediate Barriers

According to crypto analyst Ted, Ethereum’s struggle with the $3,600 zone is the clearest sign of where its next move may form.

He notes that ETH has hovered around $3,400 to $3,500 for much of the recent session, building a narrow range.

His guidance suggests that a forceful reclaim above $3,600 could trigger upward momentum, while another rejection may return ETH to local lows near $3,100 to $3,300.

Why This Zone Matters

This resistance band has acted as a ceiling across multiple weeks. Each attempt to break through has been met with sell pressure, so a clean breakout would show traders that buyers are finally taking control again.

The area is also anchored by previous supply zones that played a role in shaping Ethereum’s path earlier in the year. Breaking this barrier would put the focus back on $3,900 to $4,000 as the next major target.

Read Also: ETH Pectra: How It Affects Restaking

Fractal Patterns and Long Term Support Shape Ethereum’s Wider Outlook

Beyond short term barriers, several analysts are exploring repeating market patterns that suggest Ethereum may be forming the early stages of a stronger recovery.

Merlijn The Trader highlights that ETH’s latest structure resembles a previous pattern where a false breakdown was followed by a rapid vertical move.

Comparing the Current Move With Earlier Trends

Merlijn’s chart overlays show nearly identical setups.

• A drop into a local support band

• A quick rebound driven by renewed interest

• A pattern that hints at an early stage breakout

The earlier example eventually lifted ETH from $2,600 to nearly $4,600 within weeks. Although history does not always repeat perfectly, traders often watch these patterns for early signs of momentum shifts.

Major Support Zones Backed by on Chain Data

Analyst Ali Martinez provides a more structurally grounded view. Using Glassnode’s MVRV Extreme Deviation Bands, he highlights three primary support levels: $2,866, $2,528 and $1,789.

These levels mark areas where deeper corrections typically find stability. So far, Ethereum has held well above the top support at $2,866, reinforcing the idea that the market may be in recovery rather than transitioning into a bearish cycle.

Read Also: Latest Ethereum (ETH) News Update November 2025

What to Expect If Ethereum Breaks Above $3,600

At this stage, Ethereum’s path is shaped by two major areas. The $3,600 to $3,700 band controls short term momentum, while support between $3,100 and $3,300 limits deeper downside pressure. Traders are now focused on which side will give way first.

Possible Upside Scenarios

If ETH pushes through resistance, a return to $3,900 and eventually $4,000 becomes more realistic.

A breakout would support Merlijn’s earlier fractal projection and could open the door for a stronger climb in December.

The wider market is also showing signs of improvement, which may help ETH sustain a move toward the upper targets.

Potential Risks to Watch

If Ethereum fails again at $3,600, a slide toward the $3,100 to $3,300 support band becomes more likely. This area has absorbed selling pressure several times, but repeated retests may weaken it.

A deeper move toward the high $2,800 range is still possible if market sentiment cools or if broader macro events intervene.

Read Also: Ethereum (ETH) Price Prediction November 2025: Can the Bulls Regain Momentum?

Conclusion

Ethereum is still in a delicate yet promising position. With traders watching the $3,600 level closely, the next few sessions may reveal whether the market is ready for a stronger breakout.

Analysts see clear structural support, healthy trading activity and repeating patterns that point to potential upside.

However, resistance remains firm, and ETH needs a decisive move to change momentum. For traders looking to take advantage of the volatility and upcoming opportunities, using a platform that offers stability, simple tools and reliable execution can make a big difference.

Bitrue provides an accessible and safer environment for managing ETH trades, helping both new and experienced users navigate changing market conditions with more confidence.

FAQ

Is Ethereum still showing bullish potential?

Yes. ETH remains above key support levels and could turn bullish if it breaks above $3,600.

What resistance levels are most important right now?

The $3,600 to $3,700 range is the main zone traders are watching.

Where is Ethereum’s strongest support?

The most important levels are $2,866, $2,528 and $1,789 based on on chain metrics.

What could trigger a larger breakout?

A clean reclaim above $3,600 may open the path toward $4,000.

Is trading ETH risky during consolidation?

All trading carries risk, but staying aware of support and resistance zones helps reduce uncertainty.

Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.