đ€©$ETH Today Chart Observation (1H Timeframe) 12 November 2025.âš
Recent high: $3,658.98
Sharp rejection: The price failed to stay above $3,650 and quickly reversed, showing strong selling pressure.
Current zone: Testing near-term support around $3,370â$3,400. If this support breaks, ETH could retest $3,273 or even $3,170 (next visible supports on chart).
Pattern: The recent structure looks like a double top or lower high setup, often signaling short-term bearish continuation unless $3,480 is reclaimed.
đ„ Momentum Summary
Short-term: Bearish
Mid-term: Neutral to slightly bullish (as long as it holds above $3,170â$3,200)
Resistance zones: $3,480 â $3,580 â $3,650
Support zones: $3,370 â $3,273 â $3,170
đĄ Trading Perspective
For Traders: Wait for confirmation of support at $3,370. A bounce from this area could give a short-term long opportunity toward $3,480.
For Swing Positions: Better entries could come near $3,200â$3,250 zone if the price dips further.
For Risk Management: Always place stop-loss below the last swing low (around $3,160 area for now).
