Ethereum (ETH) Nears Key Support After 15% Drop: Is This the Final Buy Zone?

Ethereum (ETH) has dropped sharply over the past week, breaking below key levels and moving closer to areas traders often watch for short-term ￰0￱ asset is now trading near $3,500, with lower momentum and rising trading volume across the ￰1￱ are divided on whether this drop offers a buying opportunity or signals more downside ￰2￱ Weakens as Momentum Fades Ethereum has fallen 15% in the past seven days, with a daily decline of 6%. The current 24-hour range sits between $3,470 and $3,740, while the 7-day high remains at $4,150. It is now trading about 30% below its August high of around $4,950. Remarkably, the Stochastic Oscillator shows both lines below 20, a zone many traders associate with oversold ￰3￱ readings in the past were followed by short-term ￰4￱ Relative Strength Index (RSI) also reflects this, currently sitting at 33.78, just above the oversold threshold of ￰5￱ analyst Mister Crypto wrote , “$ETH is clearly oversold ￰6￱ usually bounce from this ￰7￱ time won’t be different.” Meanwhile, Ethereum is now below the 10-day EMA ($3,871) and the 10-day MA ($3,936).

This puts ETH under both short-term trend indicators, confirming a weaker price structure.) November 4, 2025 Notably, that level had acted as resistance earlier in the year and is now being ￰8￱ price remains above the 10-week moving average, which supports the current ￰9￱ a separate update , analyst Ali Martinez said the bullish scenario would require ETH to stay above $3,800, break resistance at $4,900, and then push toward $8,000, with possible pauses near $5,600, $6,400, and $7,200. That path is not confirmed and would depend on a stronger price recovery.