{"id":56842,"date":"2025-11-05T14:01:56","date_gmt":"2025-11-05T14:01:56","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=56842"},"modified":"2025-11-05T14:01:56","modified_gmt":"2025-11-05T14:01:56","slug":"ethereum-eth-pullback-deeper-than-expected-bounce-setup-or-more-pain-ahead","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=56842","title":{"rendered":"Ethereum (ETH) Pullback Deeper Than Expected: Bounce Setup or More Pain Ahead?"},"content":{"rendered":"
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Ethereum (ETH) has come under pressure this week, dropping to under $3,200 during yesterday\u2019s market-wide sell-off. The asset is down over 6% in the last 24 hours and more than 17% in the past seven days, based on data from CoinGecko.<\/p>\n

After a strong run earlier this year, the latest move brings ETH back to key technical levels.<\/p>\n

ETH\/BTC Drops into Accumulation Zone<\/h2>\n

The ETH\/BTC chart shows the pair returning to an area marked by past buying. Analyst Micha\u00ebl van de Poppe pointed out<\/a> that the price has pulled back more than expected, but still sits in a zone where accumulation has happened before. He said,<\/p>\n

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\u201cA little deeper than expected on ETH, but this is still the level that I think is wise to look for potential accumulations.\u201d<\/p>\n<\/blockquote>\n

ETH\/BTC is now trading near 0.0326 BTC, a zone that lines up with previous consolidation. This level acted as resistance earlier in 2025 and could now serve as support.<\/p>\n

Meanwhile, technical indicators show mixed signals. Weekly RSI is still above oversold territory. On the daily chart, the Stochastic RSI is deep in the oversold range. That suggests the recent selling may be slowing. The MACD is still negative, but the histogram is showing smaller red bars, which may point to weakening downside pressure.<\/p>\n

\"Ethereum<\/a>
Source: TradingView<\/figcaption><\/figure>\n

Long-Term Support Still Holds<\/h2>\n

Analyst Kamran Asghar shared that ETH is now testing a trendline that has held since 2022. The asset has bounced from this level multiple times over the last two years. So far, the trend remains intact.<\/p>\n

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$ETH<\/a> is making a critical retest of the multi-year ascending support trendline. pic.twitter.com\/9v2k2vT55U<\/a><\/p>\n

\u2014 \ud835\udc0a\ud835\udc1a\ud835\udc26\ud835\udc2b\ud835\udc1a\ud835\udc27 \ud835\udc00\ud835\udc2c\ud835\udc20\ud835\udc21\ud835\udc1a\ud835\udc2b (@Karman_1s) November 5, 2025<\/a><\/p>\n<\/blockquote>\n