Ethereum Drops as It Faces Rejection at $3,000

Ethereum (ETH) Current Statistics

The current price: $3,031.56
Market Capitalization: $365,318,039,709.39
Trading Volume: $42,780,043,912.42
Major supply zones: $4,500, $4,500, $5,000
Major demand zones: $3,500, $3,000, $2,500

Ethereum (ETH) Price Analysis November 17, 2025

Ethereum’s price resumes its downward trend as it faces rejection at $3,000. In recent market movements, the crypto price has fluctuated above $3,500 but below the moving average lines. For the past month, buyers have failed to keep the price above the moving average lines, resulting in a decline. According to the price indicator, Ether will fall much more.

On October 10, the price dropped, retracing the candle’s body and reaching the 50% Fibonacci retracement line. The retracement suggested that Ether will fall to the level 2.0 Fibonacci extension, or $2,247.91. Ether is now worth $3,006 at the time of writing.

ETH Technical Indicators Reading

The 21-day and 50-day SMAs are moving lower above the price bars. Ether falls as it confronts rejection at the 21-day SMA. On the 4-hour chart, the horizontal moving average lines are now slanted downward, indicating a downturn. The 21-day SMA serves as the price bars’ resistance.

Conclusion

Ether is sliding below the moving average lines as it faces rejection at $3,000. The upward correction has stuck near the $3,000 high. Ether’s slump will resume if it falls below the $3,000 mark. Meanwhile, the cryptocurrency market is down as Ether continues to be rejected.

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