Ethereum Price Prediction: Key $3,300 Support Zone in Focus After 12% Price Pullback – What’s Next?
Ethereum Price Prediction is again in focus because the world’s second-largest cryptocurrency steadies above a vital help zone close to $3,300 after a pointy 12% pullback over the previous week.
ETH briefly dipped to $3,000 on November 4 earlier than rebounding to round $3,400 on the time of writing, suggesting renewed shopping for curiosity at decrease ranges.
The weekly chart signifies that Ethereum faces resistance from its August highs close to $4,960 whereas presently holding round the important thing 0.618 Fibonacci degree at $3,200, a zone that might decide the following main transfer.
Analysts have revealed {that a} reclaim of $3,600 would put ETH again in bullish territory, the place it could possibly try a brand new high in the direction of $5,000.
On-chain information now exhibits large accumulation by whales.
Since October fifth, Ethereum treasury firm Bitmine Immersion Technologies has accumulated over 744,600 ETH (value roughly $2.53 billion).
Ethereum Price Prediction: Bullish Divergence Breakout Targets $4,000 ETH
On the technical entrance, the Ethereum (ETH/USD) each day chart exhibits the asset trying to get well after a notable decline, presently buying and selling close to $3,399.
The Fibonacci retracement ranges spotlight key resistance zones at $3,783 (0.382), $4,231 (0.618), and $4,549 (0.786), indicating potential upside targets if momentum strengthens.
The cluster of exponential transferring averages (EMAs) between $3,833 and $4,011 suggests a heavy resistance space; a transfer above this vary might verify a bullish reversal.
Momentum indicators reveal a possible bullish divergence, because the momentum oscillator kinds increased lows whereas worth motion developments downward, signaling weakening promoting strain.
This divergence, coupled with the projected sample, suggests a probable short-term rebound towards the $3,780–$4,000 area.
Ethereum seems to be bottoming out with indicators of restoration rising.
A break above $3,800 might verify a bullish continuation towards $4,200, whereas failure to carry above $3,300 dangers retesting decrease helps round $3,050.
Pepenode Presale Hits $2.09M as Investors Chase 600% Staking Yield
An Ethereum rally again above $4,000 in the quick time period would carry consideration again to ERC20 memecoins, notably these nonetheless in presale.
One of the viral presale tasks whales are flocking to proper now’s Pepenode (PEPENODE), which launched in August and has since raised over $2.09 million from buyers.
PEPENODE differentiates itself from typical Pepe meme cash by providing utility past viral advertising by means of its Mine-to-Earn framework.
Unlike conventional mining that calls for expensive {hardware} and high electrical energy consumption, PEPENODE conducts mining by permitting token holders to buy virtual nodes to earn passive rewards in tokens like Dogecoin and Pepe.
The platform additionally affords staking with an annual yield exceeding 600%.
With the presale presently underway, early buyers can purchase PEPENODE at $0.0011363 earlier than the worth will increase in subsequent phases.
Interested buyers can purchase PEPENODE through the official website utilizing a crypto pockets or financial institution card.
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