Ethereum is trading at around $3,300 with a 24-hour trading volume of $34.26 billion. The price is down 3% in the last 24 hours and 14% weekly. Despite the recent pullback, analysts are closely watching a large technical setup that could indicate a potential long-term shift in trend. Pattern on Monthly Chart Signals Key Level Ahead Trader Tardigrade shared a chart showing an Inverse Head and Shoulders forming on Ethereum’s monthly timeframe. The pattern outlines a left shoulder in late 2024, a head in mid-2025, and a right shoulder currently forming. $ETH /monthly A massive Inverse Head and Shoulders pattern is forming on the #Ethereum monthly chart, targeting $14,000 The Right Shoulder is under construction pic.twitter.com/cRdIwihF2z — Trader Tardigrade (@TATrader_Alan) November 7, 2025 The neckline sits around $4,000 to $4,400. If Ethereum moves and closes above this range, the setup could complete. The measured move from the pattern points to a target near $14,000. For now, the structure is still developing. Tardigrade noted that Ethereum is still “ building the right shoulder ,” and the breakout has not yet occurred. In addition, Titan of Crypto marked the 38.2% Fibonacci retracement level at around $3,050. Ethereum recently touched this level and bounced. The reaction came with a weekly candle that showed a strong rejection of lower prices. Titan posted that the “ bull market remains valid ” if Ethereum holds this zone. The level is seen as support during pullbacks in larger trends. If this area holds, Ethereum could resume its upward move. ETH/BTC Pair Finds Support Michaël van de Poppe charted the ETH/BTC pair and pointed to a support zone just above 0.0325 BTC. This area has been marked as a potential buy zone, based on past consolidation and price behavior. Source: Michaël van de Poppe/X ETH bounced after touching this support, though the pair remains under its 9-week EMA. If the asset continues to hold and reclaims the short-term trend line, the ETH/BTC chart may show strength again. Below this, 0.0256 BTC and 0.0199 BTC are marked as the next areas of interest. Short-Term Data Shows Selling Still Present CryptoQuant analyst PelinayPA noted that the Taker Buy-Sell Ratio on Binance remains below 1.0. This suggests more aggressive selling than buying in recent sessions. Meanwhile, Bitcoinsensus reported that Ethereum saw a bounce after dipping under $3,300, calling $5,000 a “ magnet zone .” It remains to be seen if the price can build momentum after this bounce. The post Ethereum’s (ETH) Giant Reversal Pattern Points to $14K Despite Current Struggles appeared first on CryptoPotato .
