Ethereum News Today: ETH's Super Cycle Crossroads: Correction or Deeper Decline?

Ethereum's price trajectory remains under scrutiny as traders weigh critical technical levels ahead of a potential reversal. Tom Lee, co-founder of LMAX Digital, reiterated his long-term bullish stance, maintaining a target range of $7,000 to $9,000 for ETH despite forecasting a short-term decline toward $2,500 [according to analysis](https://www.benzinga.com/crypto/cryptocurrency/25/11/49065658/tom-lee-sticks-to-7000-ethereum-price-target-but-only-after-a-dip-to-2500). His analysis, delivered during a Coinbureau podcast appearance, framed the dip as a necessary correction within a broader "super cycle" narrative, aligning with historical patterns of aggressive repricing before sustained rallies. This view contrasts with Ethereum's current struggle to regain momentum, as the asset remains constrained by a descending trendline drawn from the $4,800 peak. Every rebound since September has failed to breach this line, with the Supertrend indicator staying red near $3,434 and Parabolic SAR dots reinforcing a bearish bias [as data shows](https://www.benzinga.com/crypto/cryptocurrency/25/11/49065658/tom-lee-sticks-to-7000-ethereum-price-target-but-only-after-a-dip-to-2500).

Short-term price action has compressed into a symmetrical triangle pattern, with ETH oscillating between rising support near $2,860 and falling resistance at $2,925 [according to technical analysis](https://www.benzinga.com/crypto/cryptocurrency/25/11/49065658/tom-lee-sticks-to-7000-ethereum-price-target-but-only-after-a-dip-to-2500). The RSI hovering near 47 underscores neutral momentum, suggesting indecision among market participants. A breakout above $2,930 could target $3,017, while a breakdown below $2,860 risks exposing $2,760 as the next support level. Coinglass data highlights $57.69 million in net outflows on November 25, extending a multi-week trend of selling pressure [as reported](https://www.benzinga.com/crypto/cryptocurrency/25/11/49065658/tom-lee-sticks-to-7000-ethereum-price-target-but-only-after-a-dip-to-2500). However, Ethereum ETFs showed a rare sign of relief, with $96.6 million in inflows led by BlackRock's ETHA product, offsetting weeks of outflows [according to recent data](https://www.benzinga.com/crypto/cryptocurrency/25/11/49065658/tom-lee-sticks-to-7000-ethereum-price-target-but-only-after-a-dip-to-2500).

Technical indicators from Altcoin Buzz further contextualize the immediate outlook, identifying key support at $2,750 (100 EMA) and $2,600 (lower Bollinger Band), alongside resistance near $2,950 (50 EMA) and $3,100 (upper Bollinger Band) [according to analysis](https://www.altcoinbuzz.io/reviews/crypto-price-analysis/eth-price-faces-critical-trendline-pressure-before-recovery/). The Stochastic RSI reading of 30 suggests oversold conditions, though momentum remains bearish. Fibonacci levels add complexity, with the 61.8% retracement at $3,221 and an extended target of $5,823 if the trend reverses. Traders are advised to monitor $2,600 as a critical breakdown threshold, with stop-loss placements below this level [as analysis indicates](https://www.altcoinbuzz.io/reviews/crypto-price-analysis/eth-price-faces-critical-trendline-pressure-before-recovery/).

While ETF inflows hint at renewed institutional interest, Ethereum remains tethered to its dominant downtrend until buyers reclaim overhead levels. The interplay between technical structure and macro liquidity metrics will likely dictate whether the $2,500 target materializes or if a more aggressive sell-off emerges. For now, the market's focus remains on resolving the triangle pattern and testing the resilience of key support levels.