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Key Insights: Ethereum’s $3,400 support holds steady, but traders watch $3,570 for a critical breakout test. Exchange reserves hit multi-month lows, showing holders are moving ETH off platforms, limiting sell pressure. Technical indicators show a potential MACD bullish cross as ETH nears the top of a falling wedge. Ethereum Holds $3,400: But Is a Breakdown Coming Ethereum (ETH) was trading at $3,505.95, showing a modest daily gain of 0.18% and a 4.51% increase over the past seven days. The price remains stable after testing key support, but short-term direction remains uncertain as traders focus on two critical price zones. $3,570 Resistance Remains Key ETH bounced from the $3,400 support level and is now moving toward the $3,560–$3,570 resistance range. If this zone breaks with momentum, the next level to watch is $3,640. This area has acted as resistance before and could determine the strength of any upward move. Trader Lennaert Snyder wrote,  “If Ethereum comes in the $3,570 box, I’m watching for shorts after the failure and longs after the gain.”  The chart also outlines a possible rejection from this range, which could pull ETH back to the $3,400 zone or lower. A clean drop below that level may lead to a test of $3,260. $ETH tested $3,400 and bounced. ~$3,570 resistance is the only obstacle between testing key ~$3,640 resistance again. If Ethereum comes in the $3,570 box, I’m watching for shorts after the failure and longs after the gain. If Bitcoin rejects, ETH will probably follow and make… pic.twitter.com/oFMvgaskwq — Lennaert Snyder (@LennaertSnyder) November 12, 2025 Wedge Pattern and MACD Crossover in Focus On the daily timeframe, ETH shows a falling wedge pattern—a setup often linked to a breakout. The price has tested both sides of the wedge, and recent candles show pressure building near the upper trendline.…

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Filed under: News - @ November 12, 2025 4:34 pm