Ethereum Extends Recovery Amid Bearish Undertones – 2025 11 12
Examining the moving average structure reveals persistent bearish alignment across the four-hour and longer timeframes. The exponential moving averages remain stacked bearishly, with price oscillating around the shortest-period MA while struggling to establish any sustained base above the $3,600 resistance zone. The six-hour chart shows MA curvature that has improved from extremely negative readings to moderately negative, yet the distance between these moving averages continues widening, indicating the bearish cycle has not completed its course.
