Ethereum Price Climbs 3% As Technicals Tilt Positive

The Ethereum price climbed 3% in the last 24 hours to trade at $3,857.27 as of 1 a.m. EST on an 8% drop in trading volume to $35.91 billion.

The ETH price rise comes as sentiment in the crypto market recovers a tad, with the Crypto Fear & Greed Index ticking up to a ”fear” reading of 33 from 29 a day earlier.

Daily trading volume remains strong, and key technical indicators are beginning to tilt positive.​

The market feels bad right now.

Bitcoin is dumping, liquidity is thin, and there are literally no buyers.

But under the surface, something important is happening on Ethereum.

On chain activity across seventy six major Ethereum based tokens just hit a new all time high with… pic.twitter.com/rr056Ob6MI

— BitBull (@AkaBull_) October 31, 2025

Industry watchers note that Ethereum is outperforming some peers as buyers step in around critical support levels, with ETH showing signs it could sustain its rebound

Coin Price Resilience: ETH Price Holds Above Key Levels

On-chain activity reflects the positive vibe. Transaction counts and activity across Ethereum dApps are booming, bringing renewed confidence to long-term holders and signaling healthy network usage. More wallets are active.

The ETH price became a focal point for traders in November, as on-chain activity on the Ethereum network hit all-time highs. Recent data from analytics companies like Santiment and CryptoOnChain shows Ethereum’s blockchain hosts the deepest level of developer and user engagement ever recorded.

ETH Active Addresses Source: Glassnode

In recent weeks, institutional inflows have started picking up again. Large funds are rotating capital into Ethereum, making use of lower prices and positive developments from new DeFi and NFT projects building on the network. Ethereum staking participation also stays high, which limits supply on exchanges and supports higher prices when new demand arrives.

With Blockchain upgrades still on track and major companies exploring Ethereum for tokenised finance, the outlook remains upbeat for the ETH price. Bulls are watching closely to see if the current uptrend can outlast ongoing regulatory debates in key markets. So far, the trend suggests investors remain optimistic.

ETH Price Technical Analysis: Uptrend Awaits Breakout

Technical analysis of the ETH price shows that the coin is trying to break above its 50-day simple moving average (SMA) of $4,180.90 but remains above key support at the 200-day SMA of $3,341.15, as shown in the chart.

The relative strength index (RSI) sits at 43.13, signaling that ETH is neither overbought nor oversold, which means there’s room for more upside movement before any strong correction is likely.​​

ETH has been largely range-bound between $3,700 and $4,180, with the 38.2% Fibonacci retracement at $3,852 acting as an important pivot. If ETH can hold above this level, the next resistance sits near $4,108 and then $4,180. 

ETHUSD Analysis Source: Tradingview

A successful break could see ETH push towards the psychological $4,500 level and perhaps even challenge the yearly high around $4,952 if momentum gathers pace.​​

On the downside, if sellers take control, ETH could slide back to $3,341 (200-day SMA) or fall further to the 61.8% Fibonacci retracement at $2,743, which would test investor patience and likely bring in new dip buyers. The average directional index (ADX) value at 19.10 signals that the trend is still forming but not yet strong, so market direction could shift quickly.​

Based on market models and forecasts, ETH price may see an 11–19% increase through the rest of November, with typical target ranges moving towards $4,250 and possibly extending to $4,595 if bullish signals persist. 

Predictive models suggest that while sentiment started the month cautious, improving fundamentals and technicals make further gains increasingly likely.​

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