Ethereum price outlook for November: Can ETH recover $2,800?

Ethereum has fallen back toward $2,240 after its recovery toward $2,450 failed, leaving November’s price outlook dependent on whether buyers can defend support while rebuilding momentum. ETH traded near $2,244 on the Nov. 5 daily chart after losing 7.46% during the session. Daily Fibonacci support sits near $2,240, while weekly Supertrend support stands around $2,008. Analysts identify $2,800 and $3,000 as recovery targets, with important resistance still below both. U.S. Ethereum ETFs received $53 million on Nov. 4 after two sessions of withdrawals. Ethereum price returns to support after another rejection TradingView’s Binance ETH/USDT daily chart placed Ethereum at $2,243.66 at 18:05 UTC on Nov. 5, close to its session low of $2,236.78.

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