Ethereum Tests Key Support as Expert Updates Long-term ETH Price Target
The post Ethereum Tests Key Support as Expert Updates Long-term ETH Price Target appeared on BitcoinEthereumNews.com.
TLDR: Ethereum trades just above $2,650 after losing crucial support, raising focus on the next price reaction. Analysts track $3,200 as a major resistance zone that could define the next directional breakout. Market updates highlight the $2,580 support area as a key level for potential reversal attempts. Long-term projections shift higher as new cycle analysis places extended targets above $8,000. Ethereum slipped toward a critical support area after renewed selling pressure hit the market. The price moved toward the $2,650 zone as traders assessed the latest signals from social posts tracking the asset. Market sentiment weakened after ETH lost the $2,800 level earlier in the session. The move set the stage for fresh volatility across major crypto assets. Ethereum Price Holds Near Key Levels Amid Market Weakness At publication, ETH traded near $2,709.70 according to data from CoinGecko, showing a sharp decline over the past day. The asset recorded a 9.77 percent drop in 24 hours as broader market weakness continued. It also posted a 14.27 percent loss in the past week, reflecting sustained pressure. Lennaert Snyder noted that ETH moved into the $2,650 zone while approaching a daily demand area. He viewed $3,200 as a key resistance level that could define the next directional move. He also tracked the $2,580 region as a potential support zone for reversal attempts based on current structure. $ETH dropped to $2,650 and heading to daily demand. Just like Bitcoin, the local trend is still down for Ethereum. Key resistance is laying at ~$3,200, I’m watching price if we get there for shorts after the failure or longs after the gain. Reclaiming $3,200 triggers a rally… pic.twitter.com/7fFWX3yReg — Lennaert Snyder (@LennaertSnyder) November 21, 2025 Another update from Ted pointed to a loss of the $2,800 level as ETH attempted to stabilize. He flagged the…
Filed under: News - @ November 21, 2025 12:26 pm