Ethereum's Critical $3,350 Resistance and the Path to $3,500

Ethereum's price action in November 2025 has fixated on the $3,350 resistance level, a former support zone now acting as a psychological and technical battleground. This level has become a focal point for short-to-medium-term traders and institutional observers, with conflicting signals emerging from momentum indicators and volume dynamics. The path to $3,500-and beyond-hinges on whether Ethereum can overcome bearish inertia or if a deeper correction looms.

The $3,350 Resistance: A Mixed Bag of Signals

The $3,350 level has historically been a critical inflection point for Ethereum. As of November 2025, selling pressure at this level remains pronounced, with bearish volume consistently outpacing buying interest. This suggests sustained downward momentum, particularly if the asset fails to establish a clear bullish bias. However, recent price action hints at potential volatility. A clean break above $3,350 could propel ETH toward $3,659–$3,918, according to some analyses, though this scenario requires a confluence of favorable technical conditions.

The Relative Strength Index (RSI) currently sits at 53.46, a neutral-to-constructive level, but the Stochastic RSI and CCI indicate overbought conditions. This divergence underscores the fragility of any short-term rally. Meanwhile, the Moving Average Convergence Divergence (MACD) offers a more nuanced picture. On the 4-hour chart, MACD remains mildly bullish with a flattening histogram, signaling weakening but not reversed momentum. A golden cross-a bullish signal where the 12-period MACD line crosses above the 26-period signal line-is approaching, which could catalyze a move toward $4,000 if key supports hold.

Support Zones and the Risk of a Deeper Pullback

Price stability for Ethereum depends on maintaining critical support zones. The $3,100 and $3,000 levels are now pivotal; a breakdown below these thresholds could trigger a deeper correction, potentially testing the $2,800–$2,500 range. This risk is amplified by the fact that Ethereum has already broken above $3,500, creating a "false break" scenario that could lure traders into premature long positions.

Institutional activity adds another layer of complexity. While retail sentiment remains divided, institutional inflows-such as $1.37 billion in ETH holdings and $12.5 million flowing into Ethereum ETFs-suggest long-term confidence. These flows could act as a stabilizing force, but their impact on short-to-medium-term price action is less certain.

Momentum Dynamics: A Tug-of-War Between Bulls and Bears

The short-term momentum dynamics around $3,350 reflect a tug-of-war between bulls and bears. On one hand, the RSI's constructive positioning and the MACD's golden cross hint at potential upside. On the other, overbought conditions and bearish volume dominance at key resistance levels caution against complacency. Traders must watch for a "confirmation" breakout above $3,350 with strong volume, which would validate the bullish case. Conversely, a failure to hold above $3,100 could reignite bearish sentiment, particularly if macroeconomic headwinds (e.g., interest rate uncertainty) resurface.

Conclusion: A Pivotal Week for Ethereum

Ethereum's trajectory in the coming weeks will likely hinge on three factors:
1. Price action at $3,350-Can bulls establish a sustainable breakout?
2. Support integrity at $3,100–$3,000-Will these levels hold, or will bears force a deeper correction?
3. Institutional inflows-Can they offset short-term volatility and reinforce the long-term bullish case?

For now, the market remains in a state of flux. A decisive move above $3,500 could reignite the $4,000–$4,500 narrative, while a breakdown below $3,100 risks reigniting bearish sentiment. Investors should remain cautious, using key levels as both opportunities and risk management triggers.