“October was a tumultuous month for the cryptocurrency sector as Bitcoin ended the season down 3.7%. November started on the downside for Bitcoin, which is slowly but surely approaching the $100,000 mark. Ethereum also ended October in negative territory, but could it bottom soon? Here’s a report on the prince of cryptocurrencies! Ethereum price at the end of October […]”, — write: businessua.com.ua
October was a tumultuous month for the cryptocurrency sector as Bitcoin ended the season down 3.7%. November started on the downside for Bitcoin, which is slowly but surely approaching the $100,000 mark. Ethereum also ended October in negative territory, but could it bottom soon? Here’s a report on the prince of cryptocurrencies!
ETH has reached historical maximum in August but since then sellers are clearly in control . Indeed, the price lost 5.6% in September and then fell by more than 7% in October . With these two months in the red, ETH is about to seven months of negative exchange rate until 2025 .
Monthly performance of Ethereum since 2015. Source: Cryptorank.io
Will the second largest cryptocurrency by market capitalization recover in November? According to Cryptorank.io, this one the month has been quite mixed since 2015 but ETH increased by more than 5% on average . To avoid a third straight month of losses, buyers will need to step up, a ETH will need to rise above $4000 again .
Ethereum dropped below the weekly support level of $3,900. For weeks, buyers have been on the defensive weekly support level at $3900 . However, earlier this week sellers are putting pressure, and $3900 support level can be broken .
Ethereum price against the dollar (1 week) – Sign up for TradingView using our affiliate link.
If the price will remain unstable it can drop sharply to the next one support level located around $2900 . Conversely, if ETH recovers again and $3900 level will refrain return to the all-time high possible. But buyers will have to react very quickly.
The RSI momentum indicator is falling for several weeks now. Thus, the momentum is favorable for sellers, while this trend persists.
A bounce from the $3500 support level is possible for ETH The price of ETH increased from April to August. However, since peaking on August 24 the price of ETH is going down. She fell below 4000 USD and went down below the rising trend line which existed for several months.
Ethereum Price Against Dollar (1D) – Sign up for TradingView using our affiliate link.
ETH is currently trading at $3500 support level which can provoke restoration . If this happens, the price may return to psychological threshold of $4000 . However, if the price will fall below $3500 there is a risk that ETH could fall lower $3000 . RSI remains below the descending trend line. A break below this trendline is necessary in the short term for a recovery stable pulse .
After a difficult September, Ethereum ended October down 7%. November may also close in negative territory if the price breaks below the weekly support level of $3,900. ETH may fall below $3000 if there is no buying activity around $3500. The current period is not positive for altcoins, but some assets are showing good results.
STEADY LADS $100,000 PORTFOLIO MONITORING Distribution as of 04.11.25:
💵 Stablecoins: 46% — 💰 Cryptocurrencies: 54%
Cara gradually reduces risks and eases some positions. The Steady Lads portfolio maintains selective exposure focused on the strongest assets and most promising technical setups, while a growing portion of capital is returned to stablecoins as a precautionary measure.
📍 Follow Kara’s full portfolio and decisions on Steady Lads in real time
Join the Steady Lads
Source: journalducoin.com
Please wait…