ETH Comment and Price Analysis - October 31, 2025

ETH Technical Analysis

Ethereum is experiencing renewed activity. As on-chain transaction volume and tokenization projects grow, year-end ETH price predictions have been revised upwards. Standard Chartered announced a target of $7,500 by the end of the year. Furthermore, the Fusaka update, expected to go live in December, will further increase the network's efficiency. In light of all these developments, let's take a look at the technical outlook for ETH's price.

Analyzing the chart on a daily time frame, we can clearly observe that Ethereum is still trading inside a falling channel. The $3,578–$3,708 range stands out as a strong horizontal support zone, and the price is currently trying to hold around this key intersection where the lower channel meets this support. A rebound toward the channel’s mid-line remains likely as long as ETH stays above $3,578. The first resistance level is $3,708, followed by a stronger barrier around $4,143, which aligns with the channel’s upper zone. If this level is broken with volume, ETH could extend its move toward $4,551.

However, losing $3,578 could trigger stronger selling pressure, pushing the price down toward $3,235, where the lower channel support and a key horizontal level align.

Support & Resistance Levels

• Support levels: $3,708 – $3,578 – $3,235
• Resistance levels: $3,800 – $4,143 – $4,551 – $4,956

Summary:ETH is testing a critical support zone. Holding above $3,578 keeps the recovery potential alive, while a breakdown below this level may open the door to a deeper correction toward the lower channel.