ETH Selloff Meets Late Bounce as Volume Climbs; Range Tightens as Risk Appetite Plunges

Why It Matters

The defined $3,730‑$3,880 range and elevated volume set clear short‑term support and resistance levels for traders, while the pending Fusaka upgrade could add further price catalysts in a risk‑averse market.

Summary

Ethereum slipped to a session low of $3,731 before bouncing 1.35% to $3,772, with trading volume 32% above its seven‑day average. The price broke down through the $3,880 resistance level, then reclaimed the $3,760 checkpoint, tightening the near‑term range to roughly $3,730‑$3,880. A peak trade of 443,415 contracts marked the breakdown, while the upcoming Fusaka network upgrade is slated for Dec. 3. The move unfolded amid a cautious macro backdrop, with U.S. equities down, the VIX rising, and the dollar index climbing.