Ethereum Price Analysis: Can ETH Hold $1,853 as Weekly Losses Hit 10%?

Ethereum ($ETH) was trading at $1,906.61 on November 14, down 10.38% for the week, according to TradingView data. The cryptocurrency had traded as high as $2,160.50 earlier in the week before falling to $1,878.

The losses extend a correction that began after $ETH failed to break above $2,807. Since then, Ethereum has registered a series of lower highs and lower lows on the weekly chart. Attention has now shifted to support just below its current price.

Ethereum Price Risks Further Losses Below $1,853 Support

The first level to watch is $1,875, which marks the lower end of the trading range on the Murrey Math indicator. Another support level sits slightly lower at $1,853.62. If Ethereum closes the week below $1,853 and subsequently fails to reclaim it, selling could extend toward the $1,385–$1,571 region.

That area has held up against selling pressure on previous occasions. $ETH recovered from this zone in 2025 and eventually traded above $4,800. Buyers returned to the same region in 2026, driving a recovery toward $2,807.

Ethereum has, however, lost roughly 60% of its value from the $4,800 region. Below the historical support zone, the Murrey Math indicator places another potential reversal level at $1,250.

Ethereum Trades Below Key Moving Averages as Momentum Weakens

The weekly chart also shows $ETH trading below its 50-week and 200-week simple moving averages at $2,279.90 and $2,559.77. The lower average continues to slope downward. Should Ethereum recover, the first of these averages could present resistance.

Further up, the $2,500 Murrey Math pivot sits close to the second moving average near $2,560. There is also resistance at $2,807.34, where the previous recovery stalled. A break above that level could bring $3,125 into play, with another horizontal resistance level at $3,402.89.

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Ethereum Price Outlook Depends on Weekly Support Retention

For now, $ETH remains above the $1,853–$1,875 support region. Buyers defending this area could see the cryptocurrency consolidate or attempt a recovery toward $2,279. Trading below $1,853 for an extended period, however, could leave $ETH exposed to a deeper correction. The weekly candle was still open at the time of the analysis, meaning a breakdown had yet to receive confirmation.

Ethereum Price Resistance Levels

Bullish Case

If buyers hold $1,853, $ETH could work its way back toward $2,279 and later test $2,500.

Bearish Case

However, a weekly close below $1,853 could bring the $1,385–$1,571 demand zone into focus.

Neutral Case

Meanwhile, $ETH could spend more time trading around $1,853–$1,875 without establishing a clear direction.

Ethereum Price FAQs

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