Ethereum has experienced a sharp price decline over the past week. The second-largest cryptocurrency by market capitalization dropped 13.61% in seven days.
The token fell to a low of $3,099 on Tuesday. It has since recovered to trade at $3,337 at the time of writing.
MN Trading Capital founder Michaël van de Poppe commented on the price movement. He said the decline went “a little deeper than expected.”
Little deeper than expected, but still a great area to accumulate positions on $ETH. pic.twitter.com/kDfXV3SBCd
— Michaël van de Poppe (@CryptoMichNL) November 6, 2025
However, van de Poppe still views this as a prime buying opportunity. He stated it remains a “great area to accumulate positions on ETH.”
Pseudonymous trader Ash Crypto shared a different perspective on the price action. The trader said ETH’s current price “looks like a massive Bear trap.”
Ash Crypto expressed hope that Ethereum could reach $5,000 before the end of the year. Just one month ago on October 7, ETH was trading near $4,740.
Some market participants are pointing to exchange supply data. They note that the amount of Ethereum held on crypto exchanges is declining.
This reduction in available supply could create upward pressure on price. Trader Gordon predicted “one of the greatest reversals we have ever seen on ETH.”
Market intelligence platform Santiment tracked sentiment changes on social media. Ethereum traders became more optimistic after the token approached $3,500 on Thursday.
📊 Ethereum traders have quickly pivoted from being extremely bearish to extreme bullish, according to social media data. But is retail getting overly eager? Historically, we want to see continued FUD like $ETH was having on Tuesday.
🤑 When the #2 market cap nearly rebounded to… pic.twitter.com/ZE8lGUNTL7
— Santiment (@santimentfeed) November 6, 2025
The Crypto Fear & Greed Index measured overall market conditions on Friday. It posted an “Extreme Fear” score of 24 out of 100.
CoinCodex released price predictions for Ethereum through the end of the year. The platform expects ETH to rise 11.70% to reach $3,803.89 by December 6, 2025.
November 2025 is forecast to close with an average price of $3,749.51. December projections show an average of $4,163.31, representing a 56.40% increase.
Over the next five days, CoinCodex predicts ETH will reach $3,757.08 on November 11. This would represent 14% growth from current levels.
The Ichimoku Cloud indicator currently signals a bearish trend for Ethereum. The token remains below the cloud, indicating weak market structure.
The Average Directional Index sits at 26.85. This suggests a moderately strong trend is in place.
Ethereum currently holds a market capitalization of approximately $396.46 billion. Trading volume reached $37.12 billion in the last 24 hours.
The token faces resistance near $3,424.03. Breaking above this level could target $3,600 next.
Support sits around $3,290.43. A break below this level might push prices toward $3,200.
Historical data shows Bitcoin performs best in November. Ethereum’s average November return since 2013 is 5.76%.
The post Ethereum (ETH) Price: Is the Recent Drop a Buying Opportunity Before Q4 Rally? appeared first on CoinCentral.
