Ethereum concludes the trading week with a decline, remaining within a bearish channel. The ETHUSD exchange rate is currently positioned near the 2243 level. While moving averages suggest an underlying bullish trend for ETH/USD, the price has broken downward through the area between the signal lines; this indicates mounting pressure from sellers and the potential for a continued decline from current levels. In the near term, we may see an attempt at a bullish corrective rebound, testing the resistance level near 2405. From there, a downward reversal is expected, leading to a further drop in the price of Ethereum—potentially toward a target below 1425—within the scope of this weekly forecast.
Ethereum Forecast ETHUSD November 2 – 6, 2026
An additional signal supporting a decline in ETH/USD for the trading week of November 2–6, 2026, is a test of the downward trend line on the Relative Strength Index (RSI). A second signal is the rebound from the upper boundary of the bearish channel. A strong rally and a breakout above the 3005 level would invalidate the scenario of a decline in the cryptocurrency’s value for the current trading week. Such a move would signal a breakout from the resistance zone and a continued rise in ETH/USD, with a potential target above 3745. Conversely, a breakdown below the support zone—confirmed by a close below the 1905 level—would validate a decline for Ethereum.
Ethereum Forecast ETHUSD November 2 – 6, 2026 suggests an attempt at a bullish correction, testing the resistance zone near 2405. From there, a downward rebound is expected, leading to a further decline toward levels below 1425. A test of the trend line on the Relative Strength Index (RSI) would serve as an additional signal supporting a drop in the price of Ethereum. A strong rally breaking through the 3005 zone would invalidate this bearish outlook, pointing instead to a continued uptrend with a target above 3745.
