Analyzing Ethereum The key support zone for Ethereum is between $3600 and $3650. It has now broken below this support and may further slide towards $3300. On the upside, ETH faces strong resistance around $3800 to $3900, which was a key support zone before the October sell-off and has now turned into a resistance area. There’s a clear divide in the market regarding Ethereum’s future trend. If Bitcoin fails to hold the $100,000 support level, it could drop to around $72,000, and Ethereum is likely to continue testing lower levels along with it. However, there’s also a relatively optimistic perspective: While Bitcoin is technically on the edge of a bear market, seasoned crypto investors have experienced much larger pullbacks in the past. For those familiar with this asset class, this is nothing new. It’s just a ‘shakeout.’ Some savvy market participants have already started preparing for the future. Gradually accumulating positions, they see this as a huge opportunity before the U.S. government reopens. No need to worry about ETH spot holdings—Ethereum’s fundamentals remain unchanged, stablecoin growth continues, and U.S. stock market risks are minimal in the short term. The outlook for late November looks promising.