ETH Technical Outlook: Testing Key Support Near $3,780 as Bears Maintain Pressure ETH continues to trade under short-term bearish pressure, currently hovering around $3,785, close to the 0.236 Fibonacci level ($3,762). The recent rejection from $4,175 (0.5 Fib) and the 50 EMA ($4,099) signals that sellers remain active, keeping ETH below key moving averages — 20 EMA ($4,001) and 50 EMA ($4,099) — both capping upside momentum. If ETH fails to hold above $3,760, the next support levels lie at $3,600 (200 EMA) and $3,394, where a stronger rebound could occur. However, a daily close below these zones might invite further correction toward $3,350–$3,200. On the bullish side, ETH needs a breakout above $3,990 (0.382 Fib) and $4,175 to regain upward momentum. A confirmed close above these resistance levels could open the path toward $4,360 (0.618 Fib) and $4,620 (0.786 Fib) in the coming weeks. The RSI (40.6) remains below neutral, showing weak momentum and room for a potential rebound — but only if the $3,760 zone holds as solid support. 📊 Key Levels Resistance: $3,990 → $4,175 → $4,360 → $4,620 Support: $3,760 → $3,600 → $3,394 RSI: 40.6 — Bearish momentum, oversold zone approaching Overall, ETH is testing a critical support region. A strong defense of $3,760 could lead to a short-term recovery, but continued rejection below $4,000 keeps the broader tone bearish. $ETH #FedCutsRatesBy25Bps

October 31 BTC/ETH analysis: The Federal Reserve's interest rate cut is uncertain, and the European Central Bank keeps interest rates unchanged! Buy when no one is asking, sell when life is bustling! Everyone is expecting interest rate cuts to start bottom-fishing, but the reality is that the Federal Reserve's interest rate cuts are uncertain, and then the European Central Bank announced that interest rates remain unchanged! The market continues to retreat, with two consecutive days of the index falling back to the take-profit point, and the 24H liquidation for the half-mountain army reached 990 million dollars! BTC Four consecutive daily negative candlesticks, MACD shows a shrinking volume forming a death cross. The weekly chart has just broken down to the bottom of the monthly line. RSI is in the oversold area, and there is a certain probability of a bottom rebound. The resistance for the intraday rebound is at 1083; only if it stabilizes above this level can we expect upward momentum. Currently, the trading volume is extremely low, creating a divergence between price and volume, and it is likely to consolidate, with the focus on potential rebounds. Around the 1080-1085 range, defend 1092, target 1072-1062, if broken, look down to 1050. ETH Focus on the range of 3798-3822, defend at 3867, and target to break below 3730-3677, looking down at 3610#BTC #ETH .

Unfortunately, I didn't hit my limit order for Ether at the bottom 😅, it's still valid around 3650, take profit of fifty to one hundred points. Open orders around 3350, take profit of 100 to 200 points, with stop loss set at 100 points.