{"id":8019,"date":"2025-11-06T05:11:06","date_gmt":"2025-11-06T05:11:06","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/ethereum-bounce-reaches-resistance-cluster-bulls-need-strong-break\/"},"modified":"2025-11-06T05:11:06","modified_gmt":"2025-11-06T05:11:06","slug":"ethereum-bounce-reaches-resistance-cluster-bulls-need-strong-break","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/ethereum-bounce-reaches-resistance-cluster-bulls-need-strong-break\/","title":{"rendered":"Ethereum Bounce Reaches Resistance Cluster, Bulls Need Strong Break"},"content":{"rendered":"<p><em>Ethereum price started a fresh decline below $3,500. ETH is attempting to recover from $3,050 but faces resistance near $3,500.<\/em><\/p>\n<ul>\n<li>Ethereum started another bearish wave after it settled below $3,550.<\/li>\n<li>The price is trading below $3,500 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break above a bearish trend line with resistance at $3,410 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could continue to move down if it trades below $3,320.<\/li>\n<\/ul>\n<h2>Ethereum Price Faces Resistance<\/h2>\n<p>Ethereum price failed to stay in a positive zone and started a fresh decline below $3,500, like Bitcoin. ETH price declined below $3,450 and $3,350 to enter a bearish zone.<\/p>\n<p>The decline gained pace below $3,250. Finally, the bulls appeared near $3,050. A low was formed at $3,058 and the price recently started a recovery wave. There was a move above the 23.6% Fib retracement level of the downward move from the $3,920 swing high to the $3,058 low.<\/p>\n<p>Besides, there was a break above a bearish trend line with resistance at $3,410 on the hourly chart of ETH\/USD. However, the bears remained active below $3,500 and the 50% Fib retracement level of the downward move from the $3,920 swing high to the $3,058 low.<\/p>\n<p>Ethereum price is now trading below $3,400 and the 100-hourly Simple Moving Average. If there is another recovery wave, the price could face resistance near the $3,450 level. The next key resistance is near the $3,480 level.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-849917\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/11\/Ethereum_9bab7d.png?resize=1024%2C493\" alt=\"Ethereum Price \" width=\"1024\" height=\"493\" \/><\/p>\n<p>The first major resistance is near the $3,500 level. A clear move above the $3,500 resistance might send the price toward the $3,550 resistance. An upside break above the $3,550 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,740 resistance zone or even $3,800 in the near term.<\/p>\n<h2>Another Decline In ETH?<\/h2>\n<p>If Ethereum fails to clear the $3,480 resistance, it could start a fresh decline. Initial support on the downside is near the $3,320 level. The first major support sits near the $3,260 zone.<\/p>\n<p>A clear move below the $3,260 support might push the price toward the $3,150 support. Any more losses might send the price toward the $3,050 region in the near term. The next key support sits at $3,020 and $3,000.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is losing momentum in the bearish zone.<\/p>\n<p>Hourly RSI<strong> &#8211; <\/strong>The RSI for ETH\/USD is now above the 50 zone.<\/p>\n<p>Major Support Level \u2013 $3,260<\/p>\n<p>Major Resistance Level \u2013 $3,500<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price started a fresh decline below $3,500. ETH is attempting to recover from $3,050 but faces resistance near $3,500. Ethereum started another bearish wave after it settled below $3,550. The price is trading below $3,500 and the 100-hourly Simple Moving Average. There was a break above a bearish trend line with resistance at $3,410&hellip;<\/p>\n","protected":false},"author":1,"featured_media":8020,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[147],"tags":[138,148,102,104,105],"class_list":["post-8019","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-eth","tag-eth","tag-ethbtc","tag-ethereum","tag-ethusd","tag-ethusdt"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/8019","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=8019"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/8019\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/8020"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=8019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=8019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=8019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}