The post Ethereum (ETH) Price Analysis for November 4 appeared on BitcoinEthereumNews.com. There are no reversal signals on the market so far, according to CoinStats. Top coins by CoinStats ETH/USD The price of Ethereum (ETH) has declined by 3.52% since yesterday. Image by TradingView On the hourly chart, the rate of ETH is rising after a bounce back from the local support of $3,474. If the daily bar closes near the resistance, the upward move is likely to continue to the $3,700 range. Image by TradingView On the longer time frame, the price of the main altcoin is on its way to the support of $3,354.  You Might Also Like If bulls cannot seize the initiative, one can expect an ongoing drop to the $3,300-$3,400 area. Image by TradingView From the midterm point of view, the situation is similar. If a breakout of the $3,354 level happens, the accumulated energy might be enough for a further decline to the $3,000 zone. Ethereum is trading at $3,553 at press time. Source: https://u.today/ethereum-eth-price-analysis-for-november-4The post Ethereum (ETH) Price Analysis for November 4 appeared on BitcoinEthereumNews.com. There are no reversal signals on the market so far, according to CoinStats. Top coins by CoinStats ETH/USD The price of Ethereum (ETH) has declined by 3.52% since yesterday. Image by TradingView On the hourly chart, the rate of ETH is rising after a bounce back from the local support of $3,474. If the daily bar closes near the resistance, the upward move is likely to continue to the $3,700 range. Image by TradingView On the longer time frame, the price of the main altcoin is on its way to the support of $3,354.  You Might Also Like If bulls cannot seize the initiative, one can expect an ongoing drop to the $3,300-$3,400 area. Image by TradingView From the midterm point of view, the situation is similar. If a breakout of the $3,354 level happens, the accumulated energy might be enough for a further decline to the $3,000 zone. Ethereum is trading at $3,553 at press time. Source: https://u.today/ethereum-eth-price-analysis-for-november-4

Ethereum (ETH) Price Analysis for November 4

2025/11/05 10:26

There are no reversal signals on the market so far, according to CoinStats.

Top coins by CoinStats

ETH/USD

The price of Ethereum (ETH) has declined by 3.52% since yesterday.

Image by TradingView

On the hourly chart, the rate of ETH is rising after a bounce back from the local support of $3,474. If the daily bar closes near the resistance, the upward move is likely to continue to the $3,700 range.

Image by TradingView

On the longer time frame, the price of the main altcoin is on its way to the support of $3,354. 

You Might Also Like

If bulls cannot seize the initiative, one can expect an ongoing drop to the $3,300-$3,400 area.

Image by TradingView

From the midterm point of view, the situation is similar. If a breakout of the $3,354 level happens, the accumulated energy might be enough for a further decline to the $3,000 zone.

Ethereum is trading at $3,553 at press time.

Source: https://u.today/ethereum-eth-price-analysis-for-november-4

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights

You May Also Like

Fed Rate Cuts May Push Crypto Prices Up As ‘Digital Gold’ Replaces TradFi

Fed Rate Cuts May Push Crypto Prices Up As ‘Digital Gold’ Replaces TradFi

The post Fed Rate Cuts May Push Crypto Prices Up As ‘Digital Gold’ Replaces TradFi appeared on BitcoinEthereumNews.com. FX168 Financial News (North America) reports that cryptocurrency polymath Eric Trump has said that President Trump’s consistent advocacy of a Federal Reserve interest rate cut could push up cryptocurrency prices significantly. A rate cut would make interest-bearing safe assets less attractive. It would prompt investors to turn to speculative assets such as stocks and Bitcoin (BTC-USD).  Historically, cryptocurrencies typically rise during easing cycles, albeit not in a straight line. A rate cut could trigger a short-term rally. It could also signal economic weakness, which could drag down the performance of risky assets. In Eric Trump’s view, the digital asset industry is here to stay for the long haul. From there, the existence of proven cloud mining platforms has high benefits. What is Cloud Mining? XiuShan Mining cloud mining is a way to allow users to mine cryptocurrencies by renting computing power (arithmetic). A third party provides that computing power. Besides, users don’t need to purchase expensive mining equipment or perform technical maintenance themselves.  Users simply purchase a certain number of arithmetic contracts from the specialized XiuShan Mining cloud mining platform. That’s responsible for purchasing, deploying, operating, and maintaining the equipment, including power supply and technical management. Users can receive cryptocurrency revenue generated by mining on a pro rata basis according to the arithmetic power and lease term.  How Does Cloud Mining Work? Rented Arithmetic: Users select and purchase arithmetic contracts on the XiuShan Mining platform, which are typically measured in terms of hash rates (e.g., giga-hashes per second) that determine the amount of mining power. Mining Operations: XiuShan Mining uses its large mining facilities in remote data centers to validate blockchain transactions using the arithmetic power rented by users to solve complex mathematical problems. Distribution of Revenues: Cryptocurrency revenues generated by mining are distributed to users on a regular basis…
Share
BitcoinEthereumNews2025/09/19 20:37