Technicals
Price holds $2,200 after the ETF-driven selloff (Coinpaper). $2,300 has flipped from support to resistance (DailyCoin, AMBCrypto).
No fresh 50/100/200-day MA values were found. RSI (14): no fresh reading, so no number is given.
Resistance: $2,300, $2,415 (CoinEdition November upside), $2,800 (crypto.news recovery target).
Support: $2,200, $2,170 (CoinEdition downside), $2,000 (psychological level).
Fundamentals and on-chain
ETH ETFs: about −$365M over Nov 2–6, the sixth straight week of outflows (CryptoTicker). Nov 6 was −$93.2M, almost all from BlackRock’s ETHA (−$90.8M).
Treasuries: BitMine bought another 8,573 ETH and now holds about 4.9% of all ETH, close to its 5% goal (crypto.news, 24/7 Wall St.).
Network upgrade: Glamsterdam is delayed. Developers halted it before the Hoodi testnet after eight smart contract risks were found around gas-rule changes.
Staking: a 1.16M ETH staking queue was reported earlier (CryptoTicker). No fresh queue, burn or issuance data was found for today.
Derivatives: about $1.16B in liquidations hit as ETH slid toward $2,300 (AMBCrypto). Whale long positions jumped 368% (CoinCentral). No fresh funding or open-interest figures were found.
Macro: Fear & Greed is 25 (Extreme Fear). CME FedWatch shows 76.8% odds of a Dec 9 Fed hike.
Top news
Glamsterdam upgrade halted before Hoodi over smart contract risks.
BitMine closes in on owning 5% of the ETH supply.
ETH ETFs log a sixth straight week of outflows (−$365M in five days).
Whales add longs and buy the dip after more than $1B in liquidations.
Forecasts
🟢 Bullish: a reclaim of $2,300, a soft CPI and ETF flows turning positive could open $2,415.
⚪ Base: sideways in $2,200–2,300 until CPI.
🔴 Bearish: a daily close below $2,170, a hot CPI and more ETF selling could bring $2,000.
Analysts: CoinEdition sees a November range of $2,170–$2,415. Crypto.news asks whether ETH can recover $2,800 this month. TMGM notes renewed pressure as ETF outflows return.
Upcoming events
Mon Nov 9, 02:00: weekly close (00:00 UTC).
Tue Nov 10, 15:30: US October CPI (08:30 ET).
Wed Nov 18, 21:00: FOMC minutes.
Wed Dec 9, 21:00: FOMC rate decision.
The key question is whether $2,200 holds while ETF selling continues and the Glamsterdam upgrade slips?
Market overview, not investment advice. Prices at time of writing.