$ETH is down 17% in 30 days, and the selling is getting quieter, not louder.
Where we are: 2,245.73, -1.75% on the day. The 24h range was tight (2,237 to 2,305) on about $450M of spot volume.
What the chart says:
- The Oct 29 flush printed the biggest volume bar of the past two weeks and wicked down to 2,174. That's the 7-day low and the line bulls need to hold.
- Every bounce since has stalled lower. The latest attempt topped near 2,305 and faded.
- Price sits under the 7-day average close (~2,270) and well under the 20-day (~2,352). The trend is still down until that changes.
- Volume over the last 24h ran about 26% below the 14-day average. Bears aren't pushing hard, but buyers aren't stepping in either.
Scenarios I'm watching:
Bull: reclaim 2,270–2,305 with rising volume, and 2,392 (the 7-day high) comes back into play.
Bear: lose 2,237 and then 2,174, and the market tests whether that Oct 29 wick was the low or just a preview.
Does quiet volume near support look like accumulation or exhaustion to you?
Not financial advice.
#ETH #Ethereum #CryptoAnalysis
Where we are: 2,245.73, -1.75% on the day. The 24h range was tight (2,237 to 2,305) on about $450M of spot volume.
What the chart says:
- The Oct 29 flush printed the biggest volume bar of the past two weeks and wicked down to 2,174. That's the 7-day low and the line bulls need to hold.
- Every bounce since has stalled lower. The latest attempt topped near 2,305 and faded.
- Price sits under the 7-day average close (~2,270) and well under the 20-day (~2,352). The trend is still down until that changes.
- Volume over the last 24h ran about 26% below the 14-day average. Bears aren't pushing hard, but buyers aren't stepping in either.
Scenarios I'm watching:
Bull: reclaim 2,270–2,305 with rising volume, and 2,392 (the 7-day high) comes back into play.
Bear: lose 2,237 and then 2,174, and the market tests whether that Oct 29 wick was the low or just a preview.
Does quiet volume near support look like accumulation or exhaustion to you?
Not financial advice.
#ETH #Ethereum #CryptoAnalysis
