ETH/USD quotes are trading at 3395 and continue to move within a developing bullish correction and descending channel. Moving averages indicate a short-term bearish trend for Ethereum. Prices have broken below the signal lines, indicating selling pressure and potential continued decline from current levels. Today’s Ethereum forecast anticipates an attempt at a bullish correction and a test of resistance near the 3505 mark. From there, we should expect another downward rebound and a continued decline in the Ethereum price, with a potential target below the 2805 mark.
Ethereum Forecast and ETH/USD Analysis for November 7, 2025
An additional signal of a decline in ETH/USD prices will be a test of the descending trendline on the relative strength indicator. A second signal will be a rebound from the upper boundary of the bearish channel. A strong rise in Ethereum and a breakout of 3805 would cancel the cryptocurrency’s downside scenario. This would indicate a breakout of the resistance area and continued growth in ETH/USD quotes toward 4465. A breakout of the support area and consolidation below 3235 would confirm the asset’s price decline.
Ethereum Forecast and ETH/USD Analysis for November 7, 2025 suggests an attempt at a bullish correction and a test of the resistance area near 3505. From there, a rebound and continued growth in ETH/USD to below 2805 should be expected. A test of the trendline on the relative strength indicator (RSI) would also signal a decline in Ethereum. A breakout of the resistance area above 3805 would cancel the digital currency’s downside scenario. This would indicate continued growth in the digital currency with a potential target above 4465.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
