Will Ethereum Bounce Back? Crypto Analysts Discuss Potential Price Recovery

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,858,405,867,733	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,858,405,867,733

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-606.47	-0.64%	94,100.45	94,100.44	94,100.45

Price Change

Price Change %

Current Price

Bid Price

Offer

-606.47

-0.64%

94,100.45

94,100.44

94,100.45

High Price	Low Price	Open Price	Prev. Close	52 Week Range
94,725.38	93,804.05	94,692.70	94,706.92	38,501.00 - 108,388.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

94,725.38

93,804.05

94,692.70

94,706.92

38,501.00 - 108,388.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	09:07:16	0.000223	94,100.44	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

09:07:16

0.000223

94,100.44

USD

Price x Volume	Volume	Base Symbol	Related Pairs
136,142,931.39	1,443.43	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

136,142,931.39

1,443.43

Will Ethereum Bounce Back? Crypto Analysts Discuss Potential Price Recovery

11/01/2025 6:30am

NEWSBTC

In the past week, Ethereum (ETH) has dropped 9.3%, falling from $3,630 on January 3 to $3,235 at the time of writing. While ETH is striving to defend the psychologically significant support level at $3,000, some crypto analysts remain confident that the digital asset’s long-term price trajectory is bullish. Can Ethereum Recover? Analysts Weigh In While the current crypto bull market saw Bitcoin (BTC) create multiple historical new all-time highs (ATH), Ethereum’s price action remained relatively muted. Notably, ETH’s ATH of $4,878 recorded in November 2021 remains intact. Related Reading: Ethereum Poised For A Bullish Q1 2025? Here’s What Experts Say However, ETH’s subpar price action during the current market cycle has not dampened crypto analysts’ hopes for a bullish trend reversal. For instance, several analysts are closely monitoring the inverse head-and-shoulders pattern forming on the 3-day Ethereum chart. While a standard head-and-shoulders pattern is typically bearish, an inverse head-and-shoulders pattern is considered bullish, signaling a potential reversal in the asset’s price trend. Analyst MikyBull recently highlighted this formation in a post on X. Crypto analyst Wolf, corroborated MikyBull’s bullish prediction. In their analysis, Wolf highlighted that a successful completion of an inverse head-and-shoulders pattern could propel ETH to as high as $7,200. Seasoned cryptocurrency analyst Ali Martinez added that a downswing to $2,900 would be “very bullish for Ethereum,” creating an excellent buying opportunity before ETH climbs to new ATHs. Martinez further noted that if ETH continues to follow its ascending parallel channel, a dip to $2,800 could provide a solid foundation for the next upward move. Meanwhile, cryptocurrency and forex trader Merlijn The Trader identified a bullish Moving Average Convergence Divergence (MACD) signal on Ethereum’s 4-hour chart. This indicates that momentum could be shifting from bearish to bullish. According to Merlijn, this momentum shift might push ETH to the $3,700 price level. Will ETH Hit A New ATH In 2025? At the time of writing, ETH is trading approximately 33% below its ATH price. However, the rising institutional interest in the digital asset – particularly after the US Securities and Exchange Commission (SEC) approved spot ETH exchange-traded funds (ETF) – could provide ETH the required momentum to eye new ATH. Related Reading: Ethereum Risk-Reward Ratio Is Now Attractive, Brokerage Firm Explains A recent report by Steno Research predicted that ETH is poised to outperform BTC in 2025, with price projections as high as $8,000. However, not all are convinced of a bullish 2025 for ETH. To conclude, Ethereum must first surpass the critical resistance level at $4,000 before it can set its sights on achieving new ATHs. At press time, ETH is trading at $3,235, up 0.1% in the past 24 hours. Featured image from Unsplash, Charts from X and TradingView.com

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