Ethereum Sellers Take Control As Analysts Eye $5K Year-End Target
SINGAPORE — November 6, 2025 — Ethereum (ETH) fell to its lowest level in four months, dropping to $3,160 amid intensified selling pressure on major exchanges. Despite the correction, analysts maintain that the cryptocurrency’s long-term structure remains intact, with projections pointing toward a potential $5,000 recovery by year-end.
The world’s second-largest cryptocurrency by market capitalization has faced heavy volatility this week. Ethereum briefly dipped under $3,200 before rebounding to around $3,277, reflecting cautious optimism in an otherwise bearish trading environment.
Market Faces Renewed Selling Pressure
According to CryptoQuant analyst PelinayPA, Ethereum’s taker buy-sell ratio on Binance remains just below 1.0, signalling that sellers continue to dominate the market. She described the current situation as controlled profit-taking, rather than panic liquidation, suggesting that traders are locking in profits after the recent rally.
“I believe ETH will attract new buyers around the $2,955 to $3,000 zone,” she said. “The main trend remains upward, and if momentum returns, prices could push toward $5,000 before the end of 2025.”
Key Resistance Zones To Watch
Chart technician Ted Pillows identified the $3,500–$3,600 range as a crucial resistance area for Ethereum to regain bullish momentum. Failure to reclaim this level could send prices back toward the $2,800 support, where buyers previously stepped in during early August.
“The $3,500 level is a psychological threshold,” Pillows explained. “Breaking above it would confirm a continuation of the broader uptrend, while rejection could invite further downside pressure.”
Network Activity Shows Signs Of Slowdown
Beyond price movements, Ethereum’s on-chain fundamentals have weakened in recent months. Daily active addresses have declined 24% since mid-August, reflecting reduced interest in decentralized applications (dApps) and token transfers. Historically, lower network activity has coincided with slower price growth across the ecosystem.
Meanwhile, market data from CoinGecko shows Ethereum is down 12.2% this week and 28% over the past month, underperforming Bitcoin’s modest recovery. The ETH/BTC ratio has fallen to 0.03284, indicating capital rotation toward Bitcoin and stablecoins.
Analysts Maintain Optimism For Recovery
Despite the downturn, analysts note that Ethereum remains above its two-year ascending trendline, which has acted as critical support since 2022. This structure continues to define Ethereum’s long-term bullish pattern, reinforcing confidence in an eventual recovery.
Market observers point to growing institutional participation through Ethereum ETFs and staking services as stabilizing factors. “Ethereum’s fundamentals remain sound,” PelinayPA added. “We’re seeing disciplined trading activity rather than panic — a healthy sign for long-term investors.”
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Outlook For The Remainder Of 2025
As traders navigate the current correction, attention now turns to whether Ethereum can maintain its footing above the $3,000 support range. Analysts agree that reclaiming the $3,500 resistance is essential for a sustained rally toward the $5,000 target.
“Ethereum continues to evolve as the backbone of decentralized finance and Web3,” Pillows noted. “Market corrections like this are part of a natural cycle that resets momentum before the next phase of growth.”
