Ethereum Price Climbs 3% As Technicals Tilt Positive

Ethereum’s price has risen 3% in the past 24 hours, trading at $3,857.27 as of 1 a.m. ET, but trading volume has fallen 8% to $35.91 billion.

The rise in ETH prices comes amid a slight recovery in sentiment in the crypto market, with the Crypto Fear & Greed Index increasing to 33 for fear, up from 29 the day before.

Daily trading volumes remain strong and key technical indicators are starting to trend positive.

The market atmosphere is now bad.

Bitcoin is being sold off, liquidity is thin, and there are literally no buyers.

However, something important is happening on Ethereum beneath the surface.

Chain activity across 76 major Ethereum-based tokens hits a new all-time high… pic.twitter.com/rr056Ob6MI

— Bitbull (@AkaBull_) October 31, 2025

Industry watchers note that Ethereum is outperforming some competitors as buyers intervene near key support levels. ETH is showing signs that the rebound can be sustained

Coin price resilience: ETH price remains above key levels

On-chain activity reflects a positive vibe. transaction The overall number and activity of Ethereum dApps has skyrocketed, giving new confidence to long-term holders and indicating healthy usage of the network. more wallet Currently active.

ETH price became the focus of traders in November as on-chain activity on the Ethereum network reached an all-time high. Recent data from analytics firms such as Santiment and CryptoOnChain shows that the Ethereum blockchain hosts the deepest levels of developer and user engagement ever recorded.

ETH active addresses Source: Glassnode

In recent weeks, institutional inflow I started picking up again. Large funds are rotating capital into Ethereum, taking advantage of the low prices and positive development of new DeFi and NFT projects built on the network. Participation in Ethereum staking also remains high, limiting supply to exchanges and supporting price increases when new demand arrives.

The outlook for ETH price remains positive as blockchain upgrades remain on track and major companies consider Ethereum for tokenized finance. Bulls are keeping a close eye on whether the current uptrend can be sustained beyond the ongoing regulatory discussions in major markets. So far, this trend suggests investors remain optimistic.

ETH price technical analysis: Uptrend awaits breakout

Technical analysis of ETH price As shown on the chart, we see that the coin is trying to move above the 50-day simple moving average (SMA) of $4,180.90, but is still above the key support of the 200-day SMA of $3,341.15.

The relative strength index (RSI) is 43.13, indicating that ETH is neither overbought nor oversold. This means there is room for further upside before a strong correction is likely to occur.

ETH is mostly range-bound between $3,700 and $4,180, with the 38.2% Fibonacci retracement at $3,852 being an important pivot. If ETH sustains above this level, the next resistance will be near $4,108 and then $4,180.

ETHUSD Analysis source: Tradingview

A successful break could send ETH towards the psychological $4,500 level and possibly challenge the year-to-date high near $4,952 if momentum picks up.

On the downside, if sellers take control, ETH could fall to $3,341 (200-day SMA) or even further to the 61.8% Fibonacci retracement of $2,743, which will likely test investors’ patience and invite fresh bullish buying. The average directional index (ADX) value of 19.10 indicates that the trend is still forming, but not yet strong, and the market direction can change quickly.

Based on market models and forecasts, ETH price could rise by 11-19% through the remainder of November, with a typical target range moving towards $4,250 and potentially widening to $4,595 if bullish signals persist.

Forecast models suggest that although sentiment started the month cautiously, improving fundamentals and technicals are increasing the likelihood of further upside.

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