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Technical analysis by BeInCrypto about Symbol ETH on 10/31/2025

https://finbeet.com/message/3884044
BeInCrypto
BeInCrypto
Rank: 2626
2.1

Can Short-Term Holders Rescue Ethereum From a Drop to $3,500?

Message Type:Neutral
Price at Publish Time:
$3,870.58
،Technical،BeInCrypto

At the time of writing, Ethereum is trading at $3,846, holding just above the $3,802 support level. The altcoin king is likely to remain rangebound as market conditions show limited volatility. Ethereum’s price currently fluctuates between $4,154 and $3,802. This consolidation range could persist in the coming sessions, with ETH possibly retesting resistance if short-term momentum returns. However, if bearish conditions intensify and Ethereum loses the $3,802 support, a further drop could follow. A breakdown below this level may send the price under $3,742 and toward $3,500, invalidating the bullish thesis and signaling deeper market weakness ahead.

Source Message: TradingView