Ethereum Price Analysis: Bearish Structure Intact Until ETH Reclaims This Key Level
2025-11-17 01:25
Ethereum continues to trade inside a deeply compressed downtrend, with repeated rejections from lower-high resistance. While the broader structure remains bearish, signs of sell-side exhaustion and deep liquidity pockets above the price keep the door open for a relief expansion if buyers reclaim key levels. Technical Analysis By Shayan The Daily Chart Ethereum has extended its decline within a persistent descending channel, repeatedly failing to break above the 100-day and 200-day moving averages, both of which have now turned into dynamic resistance. The most recent rejection from the $3.8K supply cluster confirms the dominance of sellers in the upper half of the structure. The asset has now stabilized directly inside the $3K–$3.1K demand block. This region has historically attracted medium-term buyers and is reinforced by a visible positive divergence in the RSI, indicating a slowdown in bearish momentum. However, unless the price reclaims the $3.45K–$3.55K breaker block, the market remains...
