Ethereum Price Forecast: Important $3,300 Support Level Under Review Following 12% Price Decline – What Lies Ahead?

Ethereum Price Prediction has regained attention as the second-largest cryptocurrency stabilizes above a significant support level near $3,300 following a sharp 12% decline over the past week.

ETH briefly fell to $3,000 on November 4 before recovering to approximately $3,400 at the time of this report, indicating renewed buying interest at lower price points.

The weekly chart reveals that Ethereum encounters resistance from its August peaks around $4,960 while currently maintaining around the critical 0.618 Fibonacci level at $3,200, a range that could influence the next significant movement.

$ETHUSD $ETH Ethereum – Zoom Out for Perspective
Weekly Price Targets: $5766, $6658, $9547
In the weekly chart, it’s evident that ETH faced resistance at prior highs and is now at the 618 fib level to validate support. Price is also situated at the volume shelf.
Current targets are… pic.twitter.com/58GlwpnHVv

— Donald Dean (@donaldjdean) November 9, 2025

Experts have indicated that reclaiming $3,600 would place ETH back in bullish territory, enabling it to aim for a new high approaching $5,000.

On-chain data indicates significant accumulation by whales.

Since October 5th, Ethereum treasury firm Bitmine Immersion Technologies has gathered over 744,600 ETH (valued at approximately $2.53 billion).

Ethereum Price Prediction: Bullish Divergence Breakout Targets $4,000 ETH

From a technical perspective, the Ethereum (ETH/USD) daily chart illustrates the asset’s attempt to recover after a significant drop, currently trading near $3,399.

The Fibonacci retracement levels identify key resistance areas at $3,783 (0.382), $4,231 (0.618), and $4,549 (0.786), suggesting potential upside targets if momentum increases.

The cluster of exponential moving averages (EMAs) between $3,833 and $4,011 indicates a substantial resistance zone; a breakthrough above this range could confirm a bullish reversal.

Source: TradingView

Momentum indicators suggest a possible bullish divergence, as the momentum oscillator creates higher lows while price action declines, indicating diminishing selling pressure.

This divergence, along with the anticipated pattern, implies a probable short-term rebound toward the $3,780–$4,000 range.

Ethereum seems to be reaching a bottom with indications of recovery surfacing.

A rise above $3,800 could confirm a bullish continuation toward $4,200, while failing to maintain above $3,300 may lead to a retest of lower supports around $3,050.

Pepenode Presale Hits $2.09M as Investors Chase 600% Staking Yield

An Ethereum surge back above $4,000 in the near term would redirect focus to ERC20 memecoins, especially those still in presale.

One of the trending presale projects attracting whales currently is Pepenode (PEPENODE), which launched in August and has raised over $2.09 million from investors.

PEPENODE sets itself apart from conventional Pepe meme coins by providing utility beyond viral marketing through its Mine-to-Earn model.

Unlike traditional mining that requires expensive hardware and high energy consumption, PEPENODE facilitates mining by enabling token holders to buy virtual nodes to earn passive rewards in tokens such as Dogecoin and Pepe.

The platform also features staking with an annual yield surpassing 600%.

With the presale currently active, early investors can obtain PEPENODE at $0.0011363 before the price rises in later phases.

Interested investors can acquire PEPENODE through the official website using a crypto wallet or bank card.

The post Ethereum Price Prediction: Key $3,300 Support Zone in Focus After 12% Price Pullback – What’s Next? appeared first on Cryptonews.