Will ETH Hit $3,800 or Crash Below $3K? Key Level Ahead

2 mins mins

Key Insights:

ETH must reclaim $3,500 to target $3,800, with strong resistance slowing current momentum.
Rejection near $3,500 could drag ETH below $3,000, testing support between $2,845 and $2,900.
Short liquidations may trigger near $3,300, setting up a possible squeeze if price climbs quickly.

*Will ETH Hit $3,800 or Crash Below $3K? Key Level Ahead*

Ethereum was trading around $3,214.99, up 1.8% in the last 24 hours. Over the past week, the price has dropped 6%, showing continued uncertainty.

Charts show Ethereum moving sideways just below $3,500, a level that held as support in the past and now acts as resistance.

According to Ted,

“The next crucial level to reclaim is the $3,500 zone, as it’ll push Ethereum above $3,800.”

A close above this level could open the door toward the $3,700–$3,800 area.

Below $3,000 Could Be Swept If Rejected

If Ethereum fails to clear $3,500, the chart shows possible downside toward the $3,072 support. This level is key for bulls to hold. If lost, a drop toward the $2,845–$2,900 zone could follow.

Ted added,

“If ETH gets rejected, I think it’ll sweep the liquidity below $3,000.”

The setup reflects this view, with visible demand zones below current price. Traders are watching for signs of weakness at $3,200.

$3,300 Tagged as Short Squeeze Trigger

A recent heatmap shows high liquidity near $3,280 to $3,320. This zone is loaded with short positions likely using tight stops. The red-orange bands on the chart confirm dense activity at these levels.

CW noted,

“If $ETH rises to just 3.3k, most high leverage short positions will be liquidated.”

If $ETH rises to just 3.3k, most high leverage short positions will be liquidated. pic.twitter.com/mCtbL2ZYe4
— CW (@CW8900) November 16, 2025

A quick move into this zone could force short covers and send prices moving higher at speed.

Market Awaits Clear Move From Current Range

Ethereum WAs stuck between two major areas: $3,500 resistance and $3,070 support. Daily volume stands at $18.1 billion, showing strong market interest during this pause.

Whether ETH breaks above $3,500 or moves lower will likely define the next trend. Until then, price remains range-bound, with liquidity on both sides. Traders are watching these levels closely for a signal.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.