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C-Zar Gets Crypto 05 Nov 2025, 21:52 UTC
AI-generated source summary
The analyst discusses Ethereum's price action, starting at $3,380 on November 5th with 4 days, 8 hours left in the week, noting a 21% correction. He observes that Bitcoin also experienced a 21% drop from its October 6th high. Ethereum's price has corrected to the 0.382 Fibonacci retracement level. The analyst considers the possibility of a bull flag formation, potentially related to a consolidation phase. The MACD on the 1-hour chart is bearish, while the stochastic and RSI are bullish. A higher low, higher high trend is identified on the RSI. Analyst proposes ETH may be approaching a point of resistance. He considers a potential pullback before further building. Potential pullback to 3270 or 3180. He sets 3800 as important closing level. A weekly close below 3044 will be very bearish. He predicts if 4121 level is achieved, target will be around 6700 by end of November and 8000 by end of the year.
AI-generated summary based on the source content.
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Signals in this source
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C-Zar Gets Crypto
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