Ethereum is entering a decisive phase in its price structure, with market signals suggesting that the coming days could determine whether the next bullish cycle begins—or whether another capitulation leg forms first.
- ETH is hovering near a crucial make-or-break support around $2,875.
- Indicators show oversold momentum, hinting at trend exhaustion.
- Bounce could target $5,000+, while a breakdown opens $2,250–$2,620.
- Some analysts view current levels as a long-term accumulation zone.
After weeks of steady sell-side pressure, ETH now hovers in a crucial demand zone just above $3,000, pulling investor attention toward a major support band that traders are treating as the line between revival and further downside.
Technical indicators underline the tension. The Relative Strength Index has slipped toward oversold territory near 32, reflecting fading momentum as buyers struggle to defend key levels.
The MACD sits deep in negative territory, underlining a prolonged trend loss rather than a temporary retracement. Even so, price behavior shows no panic—ETH has been grinding lower rather than collapsing, often a sign that markets are reaching exhaustion before a trend switch.
Analysts Split: Bounce Toward $5K or One Final Flush?
Market commentators are already sketching the two possible pathways from here. One widely followed view points to roughly $2,875 as the most significant short-term battleground for Ethereum. A successful defense, according to this outlook, would clear the runway for a move toward $5,000 and beyond—a level many bullish traders have been anticipating throughout 2025.
#ETH $2,875 FVG is the Make-or-Break level.
If bulls HOLD this → Next leg to $5K+ begins 🚀
If NOT… the $2,250–$2,620 OB becomes the dream accumulation zone before ETHEREUM sends to new ATH Toward $8K-$10K pic.twitter.com/TnfR3Eq5bK
— Crypto Patel (@CryptoPatel) November 17, 2025
Failure, however, could trigger what some are calling a “dream accumulation zone” rather than a catastrophe. Analysts see an attractive value pocket forming between $2,250 and $2,620, describing it as the final reset before Ethereum eventually targets new all-time highs between $8,000 and $10,000 in the next macro move.
Accumulation Narrative Gains Traction Among Long-Term Traders
Not all commentary is focused on the short-term battle lines. Some market strategists argue that the broader structure already favors long-term positioning rather than reactionary trading. They highlight Ethereum’s strong performance relative to Bitcoin over the yearly timeframe and note that ETH has now corrected roughly 30% against BTC—an event that historically preceded major upside reversals.
I stand my thesis on $ETH.
It’s provided a 30% correction against $BTC.
However, this is an ideal zone for accumulation and it’s holding up nicely over the past few weeks while Bitcoin has seen the worst week of 2025.
I don’t think that these prices on Ethereum will last for… pic.twitter.com/O3WWENVKwJ
— Michaël van de Poppe (@CryptoMichNL) November 17, 2025
Despite Bitcoin suffering one of its harshest weekly pullbacks this year, Ethereum’s valuation has remained comparatively orderly. The argument from accumulation advocates is simple: opportunity rarely announces itself loudly, and ETH’s present valuations may not stick around for long.
What Comes Next
While the charts suggest pressure, the overall sentiment has not turned capitulation-level bearish. Technical compression, oversold indicators, and investor positioning hint that Ethereum is approaching an inflection point—whether immediate or after one final dip. In other words, ETH is moving into the phase where market bottoms are typically born, though the exact trigger remains unknown.
For now, Ethereum’s trajectory depends on whether bulls can prevent a clean break below the $2,875 area. If they can, a powerful bullish reversal could begin from here. If not, long-term investors may soon get the bargain entry range they’ve been waiting for before the next major price expansion.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Source: https://coindoo.com/market/ethereum-hits-oversold-territory-5k-rally-or-deeper-pullback-next/