---
title: "Ethereum Weakens Again, Bulls Unable to Spark Meaningful Recovery"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/264773588.md"
description: "Ethereum is experiencing a decline, currently trading below $3,400 and at risk of falling below $3,250. A bearish trend is evident, with resistance at $3,380. If the price fails to recover above $3,380, it may decline further, with key support levels at $3,250 and $3,220. Conversely, a move above $3,480 could lead to gains towards $3,580. Technical indicators show a bearish momentum, with the MACD in the bearish zone and RSI below 50."
datetime: "2025-11-07T03:08:23.000Z"
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  - [zh-CN](https://longbridge.com/zh-CN/news/264773588.md)
  - [en](https://longbridge.com/en/news/264773588.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/264773588.md)
---

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# Ethereum Weakens Again, Bulls Unable to Spark Meaningful Recovery

_Ethereum price started a fresh decline from $3,480. ETH is struggling to recover and is now at risk of another decline below $3,250._

-   Ethereum started another bearish wave after it settled below $3,450.
-   The price is trading below $3,400 and the 100-hourly Simple Moving Average.
-   There is a new bearish trend line forming with resistance at $3,380 on the hourly chart of ETH/USD (data feed via Kraken).
-   The pair could continue to move down if it trades below $3,250.

**Ethereum Price Dips Again**

Ethereum price failed to stay in a positive zone and started a fresh decline from $3,480, like Bitcoin. ETH price declined below $3,420 and $3,400.

It seems like the bears defended the 50% Fib retracement level of the downward move from the $3,920 swing high to the $3,058 low. There is also a new bearish trend line forming with resistance at $3,380 on the hourly chart of ETH/USD.

Ethereum price is now trading below $3,350 and the 100-hourly Simple Moving Average. If there is another recovery wave, the price could face resistance near the $3,350 level. The next key resistance is near the $3,380 level and the trend line.

The first major resistance is near the $3,480 level. A clear move above the $3,480 resistance might send the price toward the $3,580 resistance and the 61.8% Fib retracement level of the downward move from the $3,920 swing high to the $3,058 low.

An upside break above the $3,580 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,650 resistance zone or even $3,675 in the near term.

**Another Decline In ETH?**

If Ethereum fails to clear the $3,380 resistance, it could start a fresh decline. Initial support on the downside is near the $3,250 level. The first major support sits near the $3,220 zone.

A clear move below the $3,220 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.

Technical Indicators

Hourly MACD **–** The MACD for ETH/USD is gaining momentum in the bearish zone.

Hourly RSI **–** The RSI for ETH/USD is now below the 50 zone.

Major Support Level – $3,250

Major Resistance Level – $3,380

### Related Stocks

- [Grayscale Ethereum Staking ETF (ETHE.US)](https://longbridge.com/en/quote/ETHE.US.md)
- [ETH/HKD (ETHHKD.VAHK)](https://longbridge.com/en/quote/ETHHKD.VAHK.md)
- [ETH/USD (ETHUSD.VAHK)](https://longbridge.com/en/quote/ETHUSD.VAHK.md)

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