Ethereum (ETH) has regained its upward momentum and is trading around $3,440 after rebounding from recent lows around $3,050. This recovery is driven by stronger market sentiment, supported by increased trading activity and a return to investor confidence. The cryptocurrency is showing signs of stabilizing above a key support level, with analysts suggesting further upside is possible if it breaks above $3,500.
Ari Chart Highlights Key Levels and Long-Term Outlook
Recent Ethereum charts shared by market analysts Ali (@ali_charts) on X highlights key support and resistance zones that define ETH’s broader trend. The chart shows a long-term ascending triangle pattern with support near $2,000 and resistance between $3,500 and $4,000. According to our analysis, maintaining the support near $2,000 remains important to sustain the bullish structure.
Ethereum $ETH: First $2,000, then $10,000. pic.twitter.com/VIF770mWef
— Ali (@ali_charts) November 8, 2025
This prediction suggests that if Ethereum decisively breaks through the $4,000 barrier, it could move towards its long-term goal near $10,000. This scenario is consistent with the historical accumulation phase that precedes large bull markets. The trend line rising from a historical low of about $100 in 2018 to about $2,000 in 2025 shows a consistent pattern of higher lows, indicating gradual strengthening over multiple cycles.
Technical indicator showing the strength of TradingView signals
data from TradingView Ethereum is trading near $3,448, indicating a short-term recovery after the pullback earlier in the week. of Relative Strength Index (RSI) is 50.34, indicating neutral to slightly bullish momentum. MACD A positive crossover is often formed prior to a trend reversal. These indicators suggest that buyers are regaining control, but a break above $3,500 remains essential.
sauce: TradingView
Trading volume also increased around the recent low of $3,055, reflecting solid accumulation by market participants. Maintaining momentum above $3,400 could pave the way for Ethereum to test higher levels, while a drop below $3,300 could lead to another consolidation.
CoinMarketCap data shows growing activity and market confidence
According to coin market capEthereum’s 24-hour trading volume increased by 9.47% to $41.47 billion, indicating an increase in participants. The current market capitalization is $415.31 billion, and the circulating supply is 120.69 million ETH. The increased trading volume supports recent price increases, confirming that the recovery is being driven by real demand rather than speculative spikes.
Analysts say holding above $3,350 could strengthen Ethereum’s near-term upward trend and attract more buyers. If the positive momentum continues, Ethereum could target resistance at $3,600, but holding the support at $3,300 remains important for market stability. The current outlook is cautiously optimistic as cryptocurrencies will stabilize before entering the next rally.