Ethereum News Today: Ethereum's Pivotal Support-Resistance Battle: Bulls and Bears in High-Stakes Standoff

Ethereum's price action has sparked renewed debate among analysts as the cryptocurrency hovers near critical psychological thresholds, with bulls eyeing a potential rebound above $4,000 while bears warn of a deeper correction toward $3,300. Recent on-chain data and technical indicators highlight a fragile equilibrium, according to a Coinpedia analysis.

The $3,600–$3,750 zone has emerged as a pivotal support area, having repelled recent selling pressure and preventing a steeper decline, notes a Yahoo Finance report. However, a breakdown below this level could accelerate a slide toward $3,300, aligning with the 100-day moving average and prior consolidation support, the Coinpedia analysis adds. Conversely, a sustained rebound above $4,000—resistance that has repeatedly capped bullish attempts—could reignite optimism, potentially propelling ETH toward $4,200–$4,300, the Coinpedia analysis further suggests. Momentum indicators like the RSI and MACD, however, remain neutral to slightly bearish, suggesting waning buyer strength in the short term.

Technical analysts have also identified a potential bull-flag pattern forming below the $4,100–$4,250 resistance band, which has acted as a ceiling since mid-2025, according to the Yahoo Finance report. A breakout above this range could open the door to the $5,000–$6,000 zone, according to Bitbull, a crypto analyst cited in those reports. On-chain metrics, including $165 billion in digital dollar reserves and rising stablecoin activity, underscore Ethereum's underlying strength, the Coinpedia analysis notes. Yet, the market remains cautious, with traders awaiting clarity on whether Ethereum can hold its broader uptrend after breaking a long-term downtrend earlier this year, as the Yahoo Finance piece observes.

Short-term volatility is further amplified by macroeconomic factors. A large Binance order of over 30,000 ETH has drawn attention, as such inflows often precede significant price moves, the Yahoo Finance report adds. Meanwhile, the 4-hour chart shows the RSI reclaiming the 50-level and the MA50 and MA100 being retaken, though the MA200 remains unclaimed, according to a Yahoo Finance article. A bullish engulfing candle on October 21st signaled initial strength, but the $3,350 support level remains distant, making a near-term drop to that area appear "unrealistic" for now, that same Yahoo Finance article notes.

The coming days will be crucial. A failure to hold above $3,650 could confirm a correction phase, while a decisive close above $4,000 may attract sidelined capital and reignite the November rally, the Coinpedia analysis warns. Market participants are also watching for signals from the Federal Reserve's policy announcements, with a dovish tone potentially triggering a broader altcoin season, as the Yahoo Finance article on ETH price action suggests. For now, Ethereum's trajectory hinges on whether buyers can defend key support or if sellers will push the price toward a deeper retracement.