Ethereum is trading near key levels that some analysts consider favorable for long-term positioning.
As a result, the market’s focus is on how the price moves around the current support zone while trading volumes remain stable.
Weekly support level ETH
Ethereum is testing support around 0.0325 BTC on the ETH/BTC pair. This level is consistent with the 20-week moving average, which has served as a strong foundation so far in the cycle. Analyst Michael van de Poppe describes this as “Best zone to buy”, stating that ETH is in a favorable position in portfolio allocation.
Recently, Ethereum has pulled back after reaching local highs during its most recent rally. Despite the pullback, the chart is still making higher lows and higher highs. The RSI has remained above 50, and there are no major changes in trading volume. Van de Poppe suggested that the decline could be temporary if support holds, adding:
“Correction doesn’t last forever.”
USD pair support pending
ETH is trading around $3,850, down about 2% on the day and about 3% on the week. The asset has recently rebounded from the $3,700 support zone, which has served as the lower end of the current range.
Analyst Lennart Snyder said:
“ETH has rebounded from the range low of $3,700. We are targeting ~$3,937 with shorts after the failure and longs after the rally.”
Structurally, a symmetrical triangle forms on the ETH/USDT chart. The asset is nearing the lower bound of the pattern. While the breakdown suggests further selling, a pullback could keep ETH range-bound.
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$ETH is nearing collapse…
Let’s hope for a revival here. pic.twitter.com/h4ea2Iz4P6
— Mister Crypto (@misterrcrypto) October 31, 2025
Traders are watching for a directional pattern as the range narrows.
Currency flows and futures activity
As reported by CryptoPotato, over 200,000 ETH was withdrawn from the exchange in 48 hours earlier this week. This move likely reduced short-term selling pressure, but could also have been an internal shuffle between exchange accounts.
At the same time, the open interest in CME ETH futures reached 2.25 million contracts, an all-time high. Positions are spread over expiration dates of 1 to 6 months. This trend indicates growing institutional interest in Ethereum through regulated markets.
