Ethereum: Here’s When to Expect Bullish Momentum
Ethereum (ETH) is currently trading around $3,585, showing signs of recovery after a volatile start to November, according to CoinMarketCap. The second-largest cryptocurrency by market capitalization has maintained a $432.7 billion valuation, with 24-hour trading volume up more than 8% to $27.9 billion, reflecting renewed trader engagement.
Analysts are closely monitoring whether Ethereum can reclaim the $3,600–$3,700 zone, which has emerged as a decisive short-term resistance band. A successful move above this level could mark the start of renewed bullish momentum following weeks of consolidation near local lows.
Ted: Market Open and $3,600 Reclaim Could Trigger Upside
Crypto analyst Ted (@TedPillows) noted that Ethereum remains “hovering around the $3,400 level,” adding that the upcoming U.S. market open could play a major role as negotiations continue to end the government shutdown.
“If Ethereum is able to reclaim the $3,600 level, expect some bullish momentum,” he wrote, highlighting that failure to break through resistance could push ETH toward new local lows.
Ted’s chart shows ETH trapped between support around $3,100–$3,300 and resistance between $3,600–$3,700, suggesting that the next daily move could determine its broader direction.
Merlijn The Trader: Same Fractal, Same Setup
Analyst Merlijn The Trader offered a more optimistic perspective, claiming that Ethereum’s current price behavior mirrors a previous “fakeout-to-breakout” fractal seen before a massive vertical rally earlier this year.
He described ETH’s structure as “the exact pattern from the last vertical move,” suggesting that the recent drop and quick rebound form part of a repeating bullish setup. His chart comparison shows the same structure, a fake breakdown followed by a steep rally, previously leading to a move from $2,600 to $4,600. If the pattern repeats, Merlijn suggests Ethereum could “teleport” higher toward the $7,000–$8,000 range in the coming months.
BNB Nears the $1,000 Line Again – Is the Next Breakout Just Getting Started?
Ali Charts: $2,866 Remains Crucial Support
Supporting the technical outlook, analyst Ali Martinez identified three major support levels for Ethereum based on Glassnode’s MVRV Extreme Deviation Bands:
- $2,866
- $2,528
- $1,789
These are the three most important Ethereum $ETH support levels, based on the Pricing Bands:
• $2,866
• $2,528
• $1,789 pic.twitter.com/hjCj3Jqo1I— Ali (@ali_charts) November 9, 2025
According to Ali, these are the “most important Ethereum support zones” that define where deep corrections typically stabilize. So far, ETH has managed to stay comfortably above the top of that range, reinforcing the view that the market may be in an early recovery phase rather than entering a deeper bearish trend.
Outlook: Bullish Momentum if $3,600 Breaks
Overall, market sentiment for Ethereum is cautiously optimistic. The $3,600 resistance remains the inflection point: reclaiming it could trigger renewed bullish momentum and confirm Merlijn’s fractal-based breakout scenario.
Until then, traders are watching the $3,100–$3,300 range as key support, a zone that has repeatedly absorbed selling pressure in recent sessions.
If Ethereum can break above $3,600 this week, analysts agree that the next leg toward $4,000 may begin sooner than expected.
The post Ethereum: Here’s When to Expect Bullish Momentum appeared first on ETHNews.