As the market recovers, Ethereum is testing a key support level for the first time in a week. This has led some analysts to believe that the expected year-end surge might be postponed by a few weeks.
On Monday, Ethereum retested an important level it had regained during Sunday’s rebound. After last week’s market downturn, the cryptocurrency has been trading between $3,100 and $3,500, briefly dropping to a four-month low of $3,057. Over the weekend, it reclaimed the $3,400 resistance and climbed about 7% to $3,650, stabilizing around $3,500-$3,550 as the new week began.
Daan Crypto Trades emphasized that holding these levels is critical in the short term. If bulls succeed, the market could start to recover from the recent sharp decline.
However, Ali Martinez pointed out that over 869,000 ETH were bought near $3,700, creating a significant resistance barrier on the way to the $4,000 mark. He also noted that the number of addresses holding more than 10,000 ETH decreased by nearly two dozen in the past week, with 23 of the largest whales selling or redistributing their holdings between November 4 and 8.
Despite this, major investors continued to show confidence in Ethereum during the sell-off. Tom Lee, CEO of BitMine, stated that the price dip offered a good buying opportunity, leading the company to purchase 110,288 ETH worth $400 million last week. This increased their holdings to 3,505,723 million tokens, representing 2.9% of Ethereum’s total supply.
Is Ethereum’s Q4 Rally Delayed?
Despite the recent rebound, Ted Pillows suggested that Ethereum may not reach new highs this month. He argued that, like Bitcoin, Ethereum isn’t correlating with M2 money supply growth, which often occurs when U.S. liquidity expansion slows. He expects the cryptocurrency to consolidate for the rest of the month before potentially rising in December 2025 or January 2026.
Similarly, analyst Crypto Wolf believes Ethereum could establish a higher low around $3,400-$3,500 this month, which would set the stage for new all-time highs in December. He identified $3,100 as the next major support level. If Ethereum holds this level on higher timeframes, it could build a foundation to retest recent highs. However, losing this support might signal the start of a bear market.
On a more optimistic note, analyst Cas Abbé observed that Ethereum’s recent behavior mirrors its Q2 performance, when it briefly fell below its consolidation range before recovering and surging 100% over the next two months. If history repeats, Ethereum might soon challenge the $3,700-$3,800 resistance and potentially stage a significant rally by year-end.
Frequently Asked Questions
Of course Here is a list of helpful and clear FAQs about Ethereums recent price movement and the market recovery
Beginner General Questions
Q1 What is Ethereum and why is its price important
A1 Ethereum is a global computing platform and the secondlargest cryptocurrency by market cap Its price is a key indicator of health and sentiment in the broader crypto market
Q2 Why did Ethereums price climb back to 3500
A2 The price rose as part of a broader market recovery driven by renewed investor confidence positive news in the crypto space and anticipation of upcoming developments
Q3 What do analysts mean by a surge in December
A3 Analysts are predicting that the price of Ethereum could increase significantly during December based on historical trends market cycles and upcoming catalysts
Q4 Is now a good time to buy Ethereum
A4 This is a personal financial decision While the outlook is positive cryptocurrency is highly volatile Its essential to only invest money you are prepared to lose and consider your own research and risk tolerance
Q5 Where can I safely buy and store Ethereum
A5 You can buy it on reputable exchanges like Coinbase Binance or Kraken For storage its safest to transfer it to your own private wallet rather than leaving it on an exchange
Advanced Technical Questions
Q6 What are the key factors driving this specific recovery and prediction
A6 Key factors include the overall bullish sentiment in the stock and crypto markets the continued growth of DeFi and NFTs on Ethereum and anticipation around upcoming network upgrades that will improve scalability and reduce fees
Q7 What is the Merge and how does it affect Ethereums value
A7 The Merge was Ethereums transition to a more energyefficient ProofofStake system It makes the network greener and sets the stage for future upgrades which increases its longterm value proposition and can attract more investors
Q8 What are the biggest risks to this predicted December surge
A8 Risks include negative regulatory news a broader economic downturn a major security flaw or hack in the ecosystem or a shift in overall market sentiment that leads to