Ethereum (ETH) has regained upward momentum, trading around $3,440 after rebounding from a recent low near $3,050. The recovery comes as market sentiment strengthens, supported by higher trading activity and renewed investor confidence. The cryptocurrency is showing signs of stabilizing above key support levels, with analysts suggesting the potential for further gains if it breaks above $3,500.
Analyst Chart Highlights Key Levels and Long-Term Outlook
A recent Ethereum chart shared by market analyst Ali (@ali_charts) on X highlights crucial support and resistance zones that define ETH’s broader trend. The chart presents a long-term ascending triangle pattern, with support near $2,000 and resistance between $3,500 and $4,000. According to the analysis, maintaining support around $2,000 remains critical for sustaining the bullish structure.
Ethereum $ETH: $2,000 first, then $10,000. pic.twitter.com/VIF770mWef
— Ali (@ali_charts) November 8, 2025
The projection suggests that if Ethereum decisively breaks the $4,000 barrier, it could advance toward a long-term target near $10,000. This scenario aligns with historical accumulation phases that have preceded major bull runs. The rising trendline from previous lows around $100 in 2018 to approximately $2,000 in 2025 signals a consistent pattern of higher lows, indicating gradual strengthening over multiple cycles.
Technical Indicators Signal Growing Strength
Data from TradingView shows Ethereum trading near $3,448, marking a short-term recovery after a pullback earlier in the week. The Relative Strength Index (RSI) stands at 50.34, indicating neutral to mildly bullish momentum, while the MACD has formed a positive crossover, often preceding trend reversals. These indicators suggest that buyers are regaining control, though confirmation above $3,500 remains essential.
Trading volume has also increased around the recent low of $3,055, reflecting strong accumulation by market participants. Maintaining momentum above $3,400 could pave the way for Ethereum to test higher levels, while a drop below $3,300 may lead to renewed consolidation.
Market Data Shows Rising Activity and Confidence
According to CoinMarketCap, Ethereum’s 24-hour trading volume rose by 9.47% to $41.47 billion, indicating growing participation. Its market capitalization now stands at $415.31 billion, with a circulating supply of 120.69 million ETH. The increase in volume supports the recent price advance, confirming that the recovery is driven by real demand rather than speculative spikes.
Analysts note that holding above $3,350 could solidify Ethereum’s short-term uptrend and attract additional buyers. If positive momentum continues, Ethereum may target resistance at $3,600, while maintaining support at $3,300 remains vital for market stability. The current outlook points toward cautious optimism as the cryptocurrency consolidates before a potential next phase of upward movement.