Ethereum Price Forecast - ETH-USD Rises to $3,135.32 as Bulls Defend $2,950 and Target $3,425 Upside

Ethereum (ETH-USD) Surges 3.67% to $3,135.32 as Bulls Defend $2,950 and Target $3,425 Breakout

Ethereum (ETH-USD) is trading at $3,135.32, up 3.67% or +$110.91 as of Nov 18, 17:44 UTC, extending a strong rebound from the $2,950 support zone that defined last week’s bottom. The recovery follows a month-long decline of 23.4%, during which long-term holders accumulated more than 17 million ETH, increasing their total holdings from 10 million to 27 million coins.

A bullish divergence between price and RSI is forming near $2,900–$2,950, with RSI trending higher even as price set new local lows—an early sign of exhaustion among sellers. Historically, this setup has preceded sharp reversals, with the 200-week moving average near $2,900 acting as the final floor during prior cycle lows.

Momentum Shifts As Ethereum Breaks Out of Falling-Wedge Pattern

Technical analysis confirms a falling-wedge structure that originated from $3,562 to $2,955, now converging near the $3,000 mark. The breakout attempt above $3,083 signals renewed bullish momentum. The next critical resistance aligns with $3,260–$3,425, corresponding to the 50% Fibonacci retracement of the prior downtrend.

Fundstrat’s Tom Lee reinforced the bullish tone, arguing that Ethereum’s market cycle is approaching its “supercycle bottom.” Lee expects a rebound that could extend toward $12,000 mid-term and possibly $22,000–$62,000 long-term, assuming Ethereum maintains dominance across tokenized assets and institutional adoption continues accelerating.

On-Chain Flows Confirm Accumulation Phase Despite $27.5M Outflows

Coinglass data show $27.56 million in daily outflows from exchanges, yet CryptoQuant metrics highlight steady long-term accumulation. Ethereum trades roughly 8% above the Accumulation Addresses Realized Price (AARP)—a level that marks long-term investor cost basis. Historically, ETH has only dropped below this zone once (April 2025), immediately preceding a 45% rebound.

EMA Cluster Defines Resistance Range Between $3,150 and $3,392

ETH remains below key exponential moving averages—20 EMA $3,392, 50 EMA $3,703, 100 EMA $3,781, and 200 EMA $3,564—confirming residual medium-term pressure. A sustained close above $3,150–$3,260 would neutralize the downtrend and signal a shift toward bullish control. RSI sits near 49, trending upward, while MACD flattening suggests that downward momentum is fading.

Institutional Demand Reinforces Ethereum’s Dominance In Tokenization

Ethereum retains 63% market share in the $11 billion real-world asset (RWA) sector, hosting tokenization pilots from BlackRock, Franklin Templeton, and Janus Henderson. These inflows highlight Ethereum’s status as the default blockchain for institutional-grade digital securities. The network maintains 99.98% uptime, while Layer-2 throughput surpasses 65 TPS, reducing congestion as demand rises.

Short-Term Outlook: Bulls Target $3,425, Key Support At $2,950

For the short term, $3,083 remains the line to watch. A confirmed breakout and volume expansion above this level would propel ETH toward $3,260 and potentially $3,425. Failure to hold $2,950 would reopen downside risk toward $2,880–$2,750, invalidating the divergence setup.

Funding rates have flipped positive (+0.004%), open interest is up 3.8%, and the put/call ratio has compressed from 1.12 to 0.84, signaling early speculative accumulation.

TradingNews Verdict: Ethereum (ETH-USD) – Buy Rating With Target Range $3,425–$3,500

Momentum reversal, bullish divergence, and whale accumulation converge to strengthen the bullish case for Ethereum (ETH-USD). Holding above $2,950 confirms structural support, while clearing $3,150–$3,260 would activate a recovery wave toward $3,425–$3,500.

With institutional flows expanding and macro risk stabilizing, Ethereum (ETH-USD) remains a Buy, targeting $3,425 in the near term and maintaining upward bias into December.

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