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Ethereum’s Bullish Momentum: Binance Traders Eye $4,000 as Key Resistance Test Looms

Ethereum’s Bullish Momentum: Binance Traders Eye $4,000 as Key Resistance Test Looms

Published:
2025-11-11 17:58:08
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Ethereum has shown impressive strength in November 2025, bouncing back from a brief dip below $3,100 to trade above $3,500. The cryptocurrency is now approaching a crucial resistance level at $3,700, with analysts predicting that a breakout could propel it toward the $4,000 mark. This bullish sentiment is supported by strong technical foundations, including a solid support zone between $3,550 and $3,600, as well as signs of whale accumulation and positive market anticipation. Binance traders are closely monitoring these developments, as Ethereum's next moves could signal broader market trends. If the $3,700 resistance is decisively breached, the path to $4,000 may open, reinforcing Ethereum's position as a leading asset in the crypto space.

Ethereum Eyes $4,000 Breakout as Bulls Defend Key Support Levels

Ethereum has demonstrated remarkable resilience after a brief dip below $3,100 in early November, swiftly rebounding to trade above $3,500. The cryptocurrency now faces a critical test at the $3,700 resistance level, with analysts suggesting a decisive break could pave the way for a rally toward $4,000.

Market sentiment appears buoyed by strong technical support between $3,550-$3,600, whale accumulation patterns, and anticipation surrounding upcoming network upgrades. Binance data shows ETH currently trading around $3,596, with traders closely watching for either a breakout above $3,700 or potential retracement to $3,400 support.

"The $3,700 level represents a make-or-break moment for Ethereum," observes trader TedPillows. Successful consolidation above this threshold could initiate the next bullish phase, while rejection might trigger short-term profit-taking.

Ethereum’s Stablecoin Dominance Surges with $84.9B Growth in 12 Months

Ethereum has solidified its position as the leading blockchain for stablecoin issuance, adding $84.9 billion in stablecoin supply over the past year—outpacing all other networks combined. The broader stablecoin market has swelled to near-record capitalization, with Tether (USDT) and USD Coin (USDC) commanding over 85% of the sector.

Key drivers include a $9.4 billion August surge in USDC adoption for DeFi, Binance’s campaign funneling $1 billion of USDT onto Ethereum, and Ethena Finance’s USDe growth through multi-protocol strategies. Binance’s liquidity migration from TRON (TRX) further cemented Ethereum’s dominance, while platforms like Plasma and MiniPay boosted retail transaction volume.

The ecosystem’s evolution from payments rail to financial infrastructure underscores its deepening liquidity and institutional utility. Market participants now treat ethereum not just as a settlement layer, but as the backbone for next-generation monetary systems.

Crypto Funds Lose $1.17 Billion as Bitcoin and Ethereum Outflows Spike

Digital asset investment products bled $1.17 billion in outflows for the second consecutive week, with Bitcoin and Ethereum leading the retreat. The sell-off reflects mounting macroeconomic uncertainty—liquidation cascades and fading hopes for a December Fed rate cut weighed on sentiment.

Regional divergence emerged as the epicenter. U.S. funds hemorrhaged $1.22 billion, while German and Swiss products defied the trend with $41.3 million and $49.7 million inflows respectively. Trading volumes remained elevated at $43 billion, but fleeting Optimism from U.S. fiscal negotiations failed to sustain Friday’s dead-cat bounce.

Bitcoin bore the brunt with $932 million withdrawn—a clear signal of risk-off positioning among institutional holders. Ethereum followed suit, though solana and HBAR bucked the trend with steady inflows, suggesting selective capital rotation rather than wholesale abandonment of crypto assets.

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