Ethereum has shown a notable shift in market structure on the 1-hour chart covering the period from 13 November 2025 to 3 December 2025, recovering sharply from a multi-week low and reclaiming key moving averages. After weeks of selling pressure, ETH has begun to display early signs of a bullish reversal, supported by improving sentiment and rising volumes.

Extended downtrend through mid-November

For much of November, Ethereum traded in a clear downward trajectory. Prices slipped steadily from the $3,400 zone and continued to form lower highs and lower lows, confirming persistent bearish control. ETH remained below the 99-period moving average (MA99) for an extended period, reflecting weakness in short-term momentum.

Sharp breakdown to the $2,623 low

The most significant move occurred near the end of November, when ETH plunged to $2,623.57, its lowest level in this 3-week range. The zone immediately attracted buyer interest, forming a strong structural support level. This low acted as the pivot point from which a reversal attempt began.

Early signs of trend reversal

Following the bounce from $2,623, ETH began to demonstrate a shift in momentum. Key technical signals include:

• Formation of higher lows


• Emergence of gradual higher highs


• Repeated retests of MA25 and MA50


• A developing push toward MA99, indicating recovery strength

These elements together reflect a slow but steady transition from a bearish structure toward a more neutral-to-bullish one.

Bullish rally back above $3,000

Over the past few sessions, Ethereum has rallied strongly from the $2,700–$2,800 region, reclaiming the psychological $3,000 mark and reaching $3,059, the latest candle close. The upward slope of the short-term moving averages further signals strengthening bullish sentiment.

Resistance near $3,080

The chart shows visible hesitation near the $3,060–$3,080 band, which has acted as a local resistance. A clean break above this zone could open the path toward the next supply level around $3,150–$3,200.

Support levels to track

Based on the current structure, key support levels include:

• $2,620–$2,650: Major bounce zone and strongest support


• $2,800–$2,850: Intermediate support from consolidation


• $2,950: New support created after reclaiming the $3,000 zone

Final outlook

Ethereum’s 1-hour chart suggests the following sequence:

• Strong downtrend through mid-to-late November


• Sharp capitulation to the $2,623 low


• Early reversal signals with higher lows


• Break back above major averages


• Renewed bullish momentum toward $3,059

If ETH maintains levels above $2,950, the recovery trend could extend further. However, losing MA50 or slipping back below $2,900 may delay or weaken the bullish structure.

Disclaimer:

This article is for news reporting and informational purposes only. It is based solely on chart observations and does not constitute investment advice or trading recommendations.