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Ethereum price climbed 3% over the past 24 hours to trade at $3,857.27 as of 1 a.m. EST, on an 8% decline in trading volume to $35.91 billion.
The ETH price rise comes as sentiment in the crypto market is recovering a bit, with the Crypto Fear & Greed Index hitting a “fear” reading of 33 from 29 a day earlier.
Daily trading volume remains strong and key technical indicators are starting to turn positive.
The market is feeling bad right now.
Bitcoin is emptying out, liquidity is thin, and there are literally no buyers.
But beneath the surface, something big is happening on Ethereum.
On-chain activity across seventy-six major Ethereum-based tokens just reached a new all-time high with… pic.twitter.com/rr056Ob6MI
– BitBull (@AkaBull_) October 31, 2025
Industry observers note that Ethereum is outperforming some of its peers as buyers approach critical support levels, with ETH Shows Signs It Could Sustain Its Rebound
Coin Price Resilience: ETH Price Holds Above Key Levels
On-chain activity reflects the positive mood. Transaction The number and activity of Ethereum dApps is booming, bringing renewed confidence to long-term holders and signaling healthy network usage. More wallets are active.
The price of ETH became a focal point for traders in November as on-chain activity on the Ethereum network reached all-time highs. Recent data from analytics firms like Santiment and CryptoOnChain shows that the Ethereum blockchain hosts the deepest level of developer and user engagement ever recorded.
ETH active addresses Source: Glassnode
In recent weeks, institutional influx started to pick up again. Significant funds are moving capital to Ethereum, taking advantage of falling prices and positive developments from new DeFi and NFT projects built on the network. Ethereum staking participation also remains high, limiting supply on exchanges and supporting higher prices when new demand arrives.
While Blockchain upgrades are still underway and large companies explore Ethereum for tokenized financing, the outlook remains bullish for the price of ETH. Bulls are watching closely to see if the current uptrend can survive the ongoing regulatory debates in key markets. So far, the trend suggests investors remain optimistic.
Technical analysis of ETH price: bullish trend awaits a breakout
Technical analysis of ETH price shows that the coin is attempting to break above its 50-day simple moving average (SMA) of $4,180.90, but remains above key support at the 200-day SMA of $3,341.15, as seen in the chart.
The relative strength index (RSI) sits at 43.13, signaling that ETH is neither overbought nor oversold, meaning there is room for more upside movement before a sharp correction is likely.
ETH is largely range-bound between $3,700 and $4,180, with the 38.2% Fibonacci retracement at $3,852 acting as an important pivot. If ETH can sustain above this level, the next resistance is around $4,108 and then $4,180.
ETHUSD Analysis source: Tradingview
A successful breakout could see ETH push towards the psychological $4,500 level and perhaps even challenge the yearly high around $4,952 if momentum picks up.
On the other hand, if sellers take control, ETH could fall back to $3,341 (200-day SMA) or fall further to the 61.8% Fibonacci retracement at $2,743, which would test investors’ patience and likely attract new dip buyers. The Average Directional Index (ADX) value at 19.10 indicates that the trend is still forming but is not yet strong, so the market direction could change quickly.
Based on market models and forecasts, ETH price could see an 11-19% increase through the remainder of November, with typical target ranges moving towards $4,250 and possibly extending up to $4,595 if bullish signals persist.
Predictive models suggest that although sentiment started the month cautiously, improving fundamentals and technicals make further gains increasingly likely.
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