Ethereum has shown a notable shift in market structure on the 1-hour chart covering the period from 13 November 2025 to 3 December 2025, recovering sharply from a multi-week low and reclaiming key moving averages. After weeks of selling pressure, ETH has begun to display early signs of a bullish reversal, supported by improving sentiment and rising volumes.
Extended downtrend through mid-November
For much of November, Ethereum traded in a clear downward trajectory. Prices slipped steadily from the $3,400 zone and continued to form lower highs and lower lows, confirming persistent bearish control. ETH remained below the 99-period moving average (MA99) for an extended period, reflecting weakness in short-term momentum.
Sharp breakdown to the $2,623 low
The most significant move occurred near the end of November, when ETH plunged to $2,623.57, its lowest level in this 3-week range. The zone immediately attracted buyer interest, forming a strong structural support level. This low acted as the pivot point from which a reversal attempt began.
Early signs of trend reversal
Following the bounce from $2,623, ETH began to demonstrate a shift in momentum. Key technical signals include:
- Formation of higher lows
- Emergence of gradual higher highs
- Repeated retests of MA25 and MA50
- A developing push toward MA99, indicating recovery strength
These elements together reflect a slow but steady transition from a bearish structure toward a more neutral-to-bullish one.
Bullish rally back above $3,000
Over the past few sessions, Ethereum has rallied strongly from the $2,700–$2,800 region, reclaiming the psychological $3,000 mark and reaching $3,059, the latest candle close. The upward slope of the short-term moving averages further signals strengthening bullish sentiment.
Resistance near $3,080
The chart shows visible hesitation near the $3,060–$3,080 band, which has acted as a local resistance. A clean break above this zone could open the path toward the next supply level around $3,150–$3,200.
Support levels to track
Based on the current structure, key support levels include:
- $2,620–$2,650: Major bounce zone and strongest support
- $2,800–$2,850: Intermediate support from consolidation
- $2,950: New support created after reclaiming the $3,000 zone
Final outlook
Ethereum’s 1-hour chart suggests the following sequence:
- Strong downtrend through mid-to-late November
- Sharp capitulation to the $2,623 low
- Early reversal signals with higher lows
- Break back above major averages
- Renewed bullish momentum toward $3,059
If ETH maintains levels above $2,950, the recovery trend could extend further. However, losing MA50 or slipping back below $2,900 may delay or weaken the bullish structure.
Disclaimer:
This article is for news reporting and informational purposes only. It is based solely on chart observations and does not constitute investment advice or trading recommendations.