Ethereum’s Double Bottom Formation Signals Potential Bullish Reversal

Ethereum (ETH) is currently testing crucial support levels while displaying promising technical patterns that could indicate an upcoming bullish reversal. As of early November 2025, the cryptocurrency has retreated from its weekly peak of $4,232 and is now consolidating near the $4,100 support zone. This price action reflects typical market behavior where investors engage in profit-taking after significant gains, creating temporary downward pressure. However, the most compelling development emerges from the technical analysis perspective, where a distinct double-bottom pattern has materialized on the 4-hour chart. This classic reversal formation features two distinct troughs both establishing support around $3,713, creating a solid foundation for potential upward movement. The pattern's neckline resistance sits precisely at the $4,100 level, which ETH is currently testing. The double-bottom configuration is widely recognized among technical analysts as a reliable indicator of trend reversal, suggesting that the recent pullback might represent a temporary consolidation phase rather than the beginning of a sustained downtrend. For this bullish scenario to validate, Ethereum must maintain its current support levels and eventually break through the neckline resistance with convincing volume. Such a breakthrough could trigger significant upward momentum, potentially propelling ETH toward higher resistance targets. Market participants are closely monitoring trading volume patterns and price action around these critical levels, as confirmation of the pattern would provide strong technical justification for renewed bullish positioning. The current market conditions present a crucial juncture for Ethereum, where the outcome of this technical battle could determine the short to medium-term trajectory for the world's second-largest cryptocurrency by market capitalization.

Ethereum Tests Key Support as Double Bottom Pattern Emerges

Ethereum's price hovers NEAR the $4,100 support level after retreating from a weekly high of $4,232. The pullback reflects profit-taking but coincides with a potentially bullish technical formation on the 4-hour chart.

A double-bottom pattern has taken shape, with both troughs near $3,713 and a neckline resistance at $4,100. This classic reversal setup suggests upside potential if ETH maintains current levels. A confirmed breakout could propel prices toward $4,491—a 10% gain from current values.

Market participants remain cautious as momentum indicators show mixed signals. The coming sessions will prove decisive for determining whether this technical pattern marks the beginning of a sustained uptrend or merely a pause in Ethereum's recent volatility.

Ethereum Holds Above $4,000 as Bulls Eye $4,250 Breakout

Ethereum continues its bullish trajectory, firmly anchored above the $4,000 psychological threshold. The asset has demonstrated remarkable resilience amid market volatility, with technical analysis suggesting a consolidation phase before its next upward leg.

ETH/USD gained momentum after decisively breaking through the $3,880 and $4,000 resistance levels. The current trading range near $4,120 positions ethereum comfortably above its 100-hour moving average—a strong indicator of sustained bullish sentiment.

Market activity on Kraken shows accumulation near the $4,055 support trendline, with traders anticipating a potential push toward $4,500. This follows Ethereum's recent high near $4,252, where profit-taking triggered a healthy retracement before the next potential upswing.

Ethereum Price Prediction – Can ETH Outperform Newer Projects in 2025?

Ethereum holds steady at $3,847, marking a marginal 0.09% daily gain and maintaining its $464.32 billion market cap. As the second-largest cryptocurrency, its momentum faces scrutiny, with traders eyeing a potential breakout past critical resistance or a retest of the $5,000 threshold by 2025—a psychological milestone for institutional and developer sentiment.

Support appears firm near the mid-$4,000s, but overcoming the $4,500–$4,700 resistance band remains challenging. Despite headwinds, Ethereum’s fully distributed supply of 120.69M ETH introduces scarcity dynamics, while its foundational role in DeFi and smart contracts continues to anchor demand.

Competition looms as agile contenders like Noomez enter presale, testing Ethereum’s dominance. Upcoming protocol upgrades, including energy efficiency improvements and scaling solutions via rollups, could recalibrate its trajectory.

Ethereum Price Prediction: Bulls Eye $5,250 as Technicals Signal Upside Potential

Ethereum consolidates near $4,124 as analysts identify a critical breakout zone at $4,115. A confirmed breach could propel ETH toward $4,550, with $5,250 emerging as an ambitious target should bullish momentum sustain.

Technical indicators reveal growing strength: the 20-day EMA ($3,935) recently crossed above the 50-day EMA ($3,926), while the RSI holds steady at 58—leaving room for upward movement before overbought conditions emerge. The formation of spinning tops and Doji candles near support levels underscores ongoing contention between buyers and sellers.

Meanwhile, attention bifurcates between Ethereum's price action and nascent projects like Pepenode, a meme coin gaining traction during ETH's sideways trading. Market participants await resolution of the symmetrical triangle pattern, which typically precedes volatility expansion.

Ethereum Breaks Key Technical Barrier, Eyes $4,500 Resistance

Ethereum has surged past its 200-day exponential moving average at $4,100, signaling a potential end to months of consolidation. The breakout mirrors Bitcoin's 2024 rally pattern, with technical indicators suggesting sustained momentum. Traders now watch the $4,450–$4,529 Fibonacci level as the next resistance.

The Fusaka upgrade, scheduled for December 3, could further bolster Ethereum's position. Its PeerDAS innovation promises to double LAYER 2 throughput, addressing scalability concerns that have long plagued the network. Market participants anticipate this fundamental development may complement the current technical breakout.

SharpLink Gaming Commits $200M in ETH to Consensys’ Linea, SBET Shares Rise

SharpLink Gaming announced plans to deploy $200 million worth of Ethereum from its corporate treasury into Linea, Consensys' zkEVM Layer 2 network. The move aims to enhance staking yield and restaking rewards through collaborations with EtherFi, EigenCloud, and Anchorage Digital.

SBET stock climbed 0.60% to $14.39 in premarket trading following the news, reflecting investor optimism. Ethereum’s price also rose 0.60%, buoyed by positive sentiment across crypto markets.

Joseph Lubin-backed Linea will serve as the platform for SharpLink’s yield optimization strategy, combining native Ethereum rewards, EigenCloud AVSs incentives, and Linea-specific benefits. Co-CEO Joseph Chalom emphasized the initiative’s focus on scalable, secure on-chain returns.