Ethereum Is set to Resume Its Slide below $3,100

Ethereum (ETH) Current Statistics

The current price: $3,053.56
Market Capitalization: $368,503,160,231.58
Trading Volume: $16,092,922,739.88
Major supply zones: $4,500, $4,500, $5,000
Major demand zones: $3,500, $3,000, $2,500

Ethereum (ETH) Price Analysis November 28, 2025

Ethereum’s rising trend ends as it is set to resume its slide below $3,100. The largest altcoin has continued to decline since the October 10 price drop. On October 10, Ether hit a low of $3,500. On November 4, the bears broke and retested the $3,500 support, extending their slide. On November 21, the altcoin reached a low of $2,630 before rebounding.

The rising trend came to an end at $3,100. Ether will regain its positive momentum if it breaks above its most recent high. However, if Ether is rejected at $3,100, it will drop below the $2,630 support. If the current support level of $2,630 is breached, the altcoin will fall to the 2.0 Fibonacci extension level, or $2,271. ETH is now trading at $3,040 as of writing.

ETH Technical Indicators Reading

On the weekly chart, the price bars are below the upward-sloping moving average lines. The upward correction is being rejected by the 50-day SMA, indicating another fall in the cryptocurrency. On the 4-hour chart, the price bars are above the upward-sloping moving average lines. The price bars are represented by Doji candlesticks.

Conclusion

Ethereum pauses above the $2,630 support, but it is set to resume its slide below $3,100. The cryptocurrency price has been making a sequence of higher highs and higher lows, but it has now stalled at $3,100. Ether is currently range-bound, above the $2,600 support and below the $3,100 high.

The increasing trend will continue once the price breaks above $3,100. However, if Ether falls from its current high, its chance of decline will increase. The crypto signal is negative, according to the price indicator.

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