**ETH Price Prediction Summary**
– **Short-term target (1 week):** $3,400 – $3,500 (+7-10%)
Recovery to EMA levels
– **Medium-term forecast (1 month):** $3,750 – $3,815 range
Analyst consensus zone
– **Key level for bullish continuation:** $3,595 (EMA 26 resistance)
– **Critical support if bearish:** $3,057 (immediate support), with $2,995 (Bollinger lower band) as final defense
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### Recent Ethereum Price Predictions from Analysts
Multiple cryptocurrency analysts remain optimistic about Ethereum despite the current technical weakness.
– CoinCodex’s latest ETH price prediction from November 13 targets **$3,814.97** by November 18, representing a 20% upside from current levels. This closely aligns with their earlier forecast from November 11, which predicted **$3,757.08**.
– XT Blog offers a more conservative outlook, suggesting an average ETH price target of **$3,749.51** by November 30. They cite “steady growth supported by rising network activity and improving market sentiment.”
The consensus among these predictions forms a tight range between **$3,750 – $3,815**, indicating strong conviction around these levels.
What’s notable is the consistency of these forecasts despite Ethereum’s current technical challenges, implying analysts view the weakness as temporary rather than a fundamental trend shift.
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### ETH Technical Analysis: Setting Up for Oversold Bounce
Ethereum is currently caught between bearish momentum and oversold conditions.
– Trading at **$3,178.11**, ETH sits well below all major moving averages. The SMA 20 at **$3,570.48** acts as significant resistance.
– The RSI reading of **34.88** places Ethereum in neutral territory but trending toward oversold conditions.
– The MACD histogram at **-26.3465** confirms bearish momentum remains intact.
However, the Bollinger Bands tell a different story:
– ETH’s %B reading of **0.1593** indicates the price is trading near the lower band at **$2,994.68**, a historically strong support zone.
– Binance shows a $1.27 billion 24-hour trading volume, indicating sustained interest despite the price decline.
– The daily ATR of **$227.97** signals elevated volatility, potentially amplifying reversal movements once momentum shifts.
The key technical setup involves ETH testing the lower Bollinger Band support while maintaining its overall bullish trend classification. This creates conditions for a potential oversold bounce toward analyst price targets.
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### Ethereum Price Targets: Bull and Bear Scenarios
#### Bullish Case for ETH
The bullish scenario targets the analyst consensus range of **$3,750 – $3,815**. To achieve this, Ethereum must:
1. Reclaim the EMA 12 level at **$3,395.19**.
2. Break decisively above EMA 26 resistance at **$3,595.48**.
Success above $3,595 is likely to trigger momentum toward the SMA 20 at $3,570.48 (now acting as support), followed by the next major resistance at the SMA 7 level of $3,358.01. The ultimate target places ETH near **$3,815**, requiring a break above recent pivot point resistance.
Key technical catalysts supporting this bullish case include:
– RSI recovery above 50
– MACD histogram turning positive
– Sustained trading volume above $1.5 billion daily
#### Bearish Risk for Ethereum
The bearish risk involves a breakdown below the critical immediate support level of **$3,057**. If this occurs, ETH could target the Bollinger lower band at **$2,994.68**, representing approximately a 6% downside from current levels.
A more severe correction could push ETH toward the psychological **$3,000** level, with potential declines to **$2,800 – $2,900** if broader cryptocurrency market sentiment worsens.
Warning signals to watch include:
– Daily RSI dropping below 30
– Trading volume declining under $1 billion
– Failure to hold above the lower Bollinger Band on a closing basis
The MACD’s continued bearish divergence keeps this risk elevated in the near term.
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### Should You Buy ETH Now? Entry Strategy
Based on current technical analysis, a phased entry approach is advisable.
– **Primary buy zone:** $3,150 – $3,200. This range utilizes current weakness while remaining near key support levels.
– **More aggressive entry:** Target the $3,057 support test for potentially better risk-reward ratios, suitable for those comfortable with increased volatility.
– **Stop-loss:** Place below $2,990 (lower Bollinger Band) to limit downside risk while allowing for normal price fluctuation.
– **Position sizing:** Remain conservative, allocating 25-50% of intended ETH exposure at current levels. Reserve the remainder for potential lower entries or momentum confirmation above $3,400.
The current question of “buy or sell ETH” favors **selective buying** for patient investors willing to endure short-term volatility in pursuit of the $3,750 – $3,815 targets.
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### ETH Price Prediction Conclusion
Our ETH price prediction anticipates a recovery toward the **$3,750 – $3,815** analyst consensus range by November 30, despite present technical headwinds.
– **Confidence level:** Medium
– **Supporting factors:** Oversold conditions and consistent analyst forecasts
– **Tempering factors:** Bearish momentum indicators
**Key indicators to monitor for confirmation:**
– RSI recovery above 40
– MACD histogram improvement
– Successful defense of $3,057 support level
**Invalidation signals:**
– Breaks below $2,995 with sustained trading below the lower Bollinger Band
The forecast timeline suggests initial signs of recovery may emerge within 5-7 days, with meaningful progress toward targets expected by month-end.
Given the mixed technical picture, current risk-reward ratios favor **patient accumulation** over aggressive trading.
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*Stay informed and consider these insights carefully when planning your Ethereum investments.*
https://bitcoinethereumnews.com/ethereum/eth-price-prediction-ethereum-eyes-3750-3815-recovery-despite-technical-weakness/
