ETH USD Targets Potential Bottom: Will November Be Printed?

Table of Contents

October was not a calm month for the crypto world as prices fell instead of rising. An unpleasant surprise for many. Can we expect even better performance in November? Will ETH USD end up exploring towards $10,000 as many are predicting? History shows that there is always money to be made from the market. Let’s take a look at what insights technical analysis can provide in the coming weeks.

Ethereum exchange supply on Binance drops to lowest level since May last year
“Overall, the current indicators reflect a period of transition for the Ethereum market, and investors appear to be accumulating and holding.” – by @ArabxChain
Read more ⤵️ https://t.co/zwIkpf5Yh1 pic.twitter.com/vNLCJQyuIl
— CryptoQuant.com (@cryptoquant_com) November 11, 2025

Currently, even though the market is down (probably due to selling pressure on the ETH ETF), there is plenty of on-chain activity and trading volume. That in itself is basically a good sign. Some say the whales are back and buying.

Ethereum

1.33%

Loss of supply from exchanges like Binance is a prerequisite for sharp moves. Before proceeding, please read our previous ETH article here.

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ETH USD price history background and ETH BTC outlook

(Source – Tradingview, ETHBTC)

Let’s start this analysis with the three-month chart of Ethereum vs. Bitcoin. What we see here is that when Ethereum runs, it is explosive and it is clear that it is shorter than the drawdown period. There aren’t that many candlesticks that disappear from the chart over the last nine years. The positive here is the rebound from the 0.01759 level. It essentially created a morning star pattern, which is a bullish sign and a possible reversal. That means ETH will outperform BTC (also known as alt-season).

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(Source – Tradingview, ETHUSD)

Next, let’s take a look at the weekly chart of the ETH USD pair. Price is still within support and the 2021 high and is on its way to filling its core. Trading above all moving averages and resetting the RSI are both healthy for the next leg’s chances. The MSB exists because there is a new high after breaking the $4,000 key level. Looks like Hi-Arrow is in development.

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(Source – Tradingview, ETHUSD)

Following the weekly time frame, let’s take a look at the daily time frame. Being able to compress the entire move from $1,500 to almost $5,000 says a lot in itself. A price increase of more than three times in four months only speaks to demand. The RSI has been trading lower for over a month and is gathering strength to move higher. It is below MA50 and MA100, but slightly above MA200. Will $3,200 be a low, or are there more declines in store?

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Conclusion of Ethereum price analysis

(Source – Tradingview, ETHUSD)

So what does all this information tell us? There are some bottom indicators, but nothing is certain until the structure turns bullish. And it will initially become bullish on lower timeframes such as 4H. So we’ll look at this chart last. Here, there is resistance at $3,650, rejecting recent attempts to move higher. The RSI is moving back towards the middle and the MA is on a downslope. During an uptrend, the MA is tilted with the white one on top. That’s what we ultimately want to see. And that resistance was restored. For November to turn green, bulls need to act soon. Until then, just catch the knife.

Stay safe outside!

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