Ethereum Rebounds to $3,100, Historic Buy Zone Despite Persistent Bearish Pressure?
Ethereum has made a small comeback, rising more than 5% in the last 24 hours to trade at about $3,100 as of November 19, 2025. After a 20%
Quick overview
- Ethereum has risen over 5% in the last 24 hours, trading around $3,100 after a significant drop earlier this year.
- The cryptocurrency faces strong resistance at $3,150, with potential support levels at $3,065 and $2,950 if it fails to break through.
- Long-term indicators like the Mayer Multiple suggest a potential accumulation phase, indicating a buying opportunity for investors.
- Analysts caution that further short-term volatility may be necessary before a stable recovery can occur.
Ethereum ETH/USD has made a small comeback, rising more than 5% in the last 24 hours to trade at about $3,100 as of November 19, 2025. After a dramatic 20% drop from $3,900 in July, ETH retested the important $3,000 psychological support level, which was last seen in mid-July. This led to the rebound. The short-term rally is good news for bulls who have been through a lot, but technical analysis shows that the market is stuck between accumulation signs and strong overhead resistance.
ETH/USD Technical Analysis: Continued Struggle at $3,150 Resistance
Even though the price of Ethereum has gone up recently, it is still technically weak. ETH fell below $3,050 after not being able to stay above $3,200 earlier this month. It briefly hit a local low of $2,941 before starting its current recovery attempt.
The cryptocurrency is now up against a strong resistance zone at $3,150, which is made stronger by a bearish trend line on the hourly chart and the 76.4% Fibonacci retracement level. Also, ETH is trading below both the $3,120 mark and its 100-hourly Simple Moving Average, which means that bears are still in charge of the short-term trend.
The next levels of resistance are at $3,220 and $3,250 if bulls can get past the $3,150 mark. If the price breaks above $3,250, it might go up to $3,320. In a positive situation, it could go even higher, all the way up to $3,450-$3,500.
But if it doesn’t break beyond $3,150, it could drop again, with initial support around $3,065 and stronger support zones at $3,020 and $2,950. If ETH drops below these levels, it could go down to $2,880 or perhaps the $2,750–$2,740 zone.
Mayer Multiple Enters Historic Accumulation Zone
Even though the technical setup is negative, long-term indicators are showing signs that the market could be positive. The Mayer Multiple, which compares ETH’s current price to its 200-day moving average, has dipped below 1.0 for the first time since mid-June. Capriole Investments calls this a definite “buy zone” for Ethereum.
In the past, readings below 1.0 have been linked to large accumulation stages and long-term market bottoms. These sub-1 low have always come before big recoveries that last for months, except for January 2022, when a bigger bear market started.
The current Mayer Multiple levels show that the market is resetting early in the cycle, not breaking down like it did in 2022. This means that Ethereum is closer to historical buying opportunities than distribution zones, which usually happen when the indicator goes over 2.4.
Liquidity Reset Signals Bottoming Process, But Volatility Remains
A look at the market structure shows that Ethereum’s liquidity has “fully reset,” which has happened before every major low in the past. Analysts, on the other hand, say that more short-term pain may be needed before a strong base can grow.
Hyblock Capital’s data shows that there are big long-liquidation clusters between $2,904 and $2,916 and between $2,760 and $2,772. This suggests that the market may need a deeper flush to clear leveraged positions before it can build a stable base for recovery.
The correction window is still open as liquidity builds up over the next few weeks. If replenishing goes smoothly, ETH might start its next phase of growth. But an extended period of low liquidity might make the consolidation period longer and make the market more open to more losses.
Ethereum Price Prediction: Cautious Optimism for Q1 2026
When technical resistance and accumulation indications come together, it makes it hard to predict what will happen. ETH is at a very important point right now around $3,150. If this doesn’t work, the price will probably have to test the $2,900-$2,750 support zones again before it finds a solid bottom.
The Mayer Multiple going below 1.0 and liquidity resets, on the other hand, signal that investors who can handle volatility may want to buy more at these levels over the next three to six months. If past trends hold, Ethereum might aim to reach back to $3,800-$4,200 by the first quarter of 2026, as long as Bitcoin stays in a bull market and the rest of the crypto industry stays positive.
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