Ethereum price rises 3% as technicals tilt positive

Ethereum price rose 3% over the past 24 hours, trading at $3,857.27 as of 1 a.m. EST, while trading volume fell 8% to $35.91 billion.

The ETH price increase comes as sentiment in the crypto market is recovering somewhat, with the Crypto Fear & Greed Index rising to a ‘fear’ level of 33, up 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 dumping, liquidity is tight and there are literally no buyers.

But beneath the surface, something important is happening on Ethereum.

The on-chain activity of seventy-six major Ethereum-based tokens just hit a new all-time high with… pic.twitter.com/rr056Ob6MI

— BitBull (@AkaBull_) October 31, 2025

Industry watchers note that Ethereum is outperforming some peers as buyers move around critical support levels, with ETH is showing signs that it can continue its recovery

Coin Price Resilience: ETH Price Remains Above Key Levels

The activities in the chain reflect the positive atmosphere. Transaction The number and activity within Ethereum dApps is exploding, bringing renewed confidence to long-term holders and signaling healthy network usage. More purses are active.

The ETH price became a point of interest for traders in November, when on-chain activity on the Ethereum network reached record highs. Recent data from analytics firms like Santiment and CryptoOnChain shows that Ethereum’s blockchain is home to the deepest level of developer and user engagement ever recorded.

ETH active addresses Source: Glassnode

Institutional in recent weeks inflow have started picking up again. Major funds are rotating capital into Ethereum, taking advantage of lower prices and positive developments from new DeFi and NFT projects building on the network. Participation in Ethereum stakes also remains high, limiting supply on exchanges and supporting higher prices when new demand arrives.

With Blockchain upgrades still on track and major companies exploring Ethereum for tokenized financing, the outlook for ETH price remains optimistic. Bulls are keeping a close eye on whether the current uptrend can survive the ongoing regulatory debates in key markets. So far, the trend suggests that investors remain optimistic.

Technical analysis of ETH prices: Uptrend awaits breakout

Technical analysis of the ETH price shows the coin trying to break above its 50-day simple moving average (SMA) of $4,180.90, but remaining above key support at the 200-day SMA of $3,341.15, as shown in the chart.

The relative strength index (RSI) stands at 43.13, indicating that ETH is neither overbought nor oversold, meaning there is room for more upside before a strong correction is likely.

ETH was largely within a range between $3,700 and $4,180, with the 38.2% Fibonacci retracement at $3,852 acting as a key pivot point. If ETH can hold above this level, the next resistance is near $4,108 and then $4,180.

ETHUSD Analysis source: Tradingview

A successful break could see ETH head towards the psychological level of $4,500 and perhaps even challenge the yearly high around $4,952 if momentum builds.

On the other hand, if sellers take control, ETH could slide 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 bring in new dip buyers. The average directional index (ADX) value at 19.10 indicates that the trend is still forming, but not yet strong, so the direction of the market could change soon.

Based on market models and forecasts, ETH price could rise 11-19% over the remainder of November, with typical target ranges heading towards $4,250 and possibly reaching $4,595 if bullish signals persist.

Predictive models suggest that while sentiment started the month cautiously, improving fundamental and technical factors are making further gains increasingly likely

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