$ETH round-trips: dips to $2,229, jumps to $2,239, ends flat
Last 4 hours, Nov 8 02:10 – 06:05 UTC
ETH is at $2,234.08, up 0.03% from $2,233.40. High $2,240.51, low $2,229.35 (0.50% range). Price dipped to the low at 02:45, jumped to ~$2,239 by 03:00 on the window's heaviest volume, then drifted back to $2,234.
📊 Market context
▪ BTC +0.08% over the same 4h. ETH lagged by 0.05 pts.
▪ US spot ETH ETFs: $93.2M net outflow on Friday, $365.3M for the week, a sixth straight negative week (per The Block).
▪ CMC Fear & Greed (Nov 7): 31 (Fear).
📈 Volume
▪ 4h volume on Crypto.com ~$1.5M: 0.21x the 7-day average 4h bar ($7.4M, skewed by the Nov 5–6 sell-off) and 0.33x the median ($4.7M). The 02:55 candle was 8% of it.
🔎 Technicals & levels
▪ RSI(14, 5m) 41. On 4h bars RSI is 42 and price is below its 20-bar average ($2,277). On daily bars RSI is 39 and price is below its 20-day average ($2,326).
▪ Resistance: $2,240.51 (window high), $2,251.39 (Nov 7 high)
▪ Support: $2,229.35 (window low), $2,222.51 (Nov 7 low)
🗓 News & Catalysts
▪ Amundi put a European equity fund share class on Ethereum (per NewsBTC).
▪ Next: China CPI/PPI (Nov 9, 01:30 UTC), Fed's Bowman speaks (Nov 9, 13:40 UTC), US CPI (Nov 10, 13:30 UTC).
#JobsReportRaisesHikeOdds #viralpost
#Ethereum #analysis
Last 4 hours, Nov 8 02:10 – 06:05 UTC
ETH is at $2,234.08, up 0.03% from $2,233.40. High $2,240.51, low $2,229.35 (0.50% range). Price dipped to the low at 02:45, jumped to ~$2,239 by 03:00 on the window's heaviest volume, then drifted back to $2,234.
📊 Market context
▪ BTC +0.08% over the same 4h. ETH lagged by 0.05 pts.
▪ US spot ETH ETFs: $93.2M net outflow on Friday, $365.3M for the week, a sixth straight negative week (per The Block).
▪ CMC Fear & Greed (Nov 7): 31 (Fear).
📈 Volume
▪ 4h volume on Crypto.com ~$1.5M: 0.21x the 7-day average 4h bar ($7.4M, skewed by the Nov 5–6 sell-off) and 0.33x the median ($4.7M). The 02:55 candle was 8% of it.
🔎 Technicals & levels
▪ RSI(14, 5m) 41. On 4h bars RSI is 42 and price is below its 20-bar average ($2,277). On daily bars RSI is 39 and price is below its 20-day average ($2,326).
▪ Resistance: $2,240.51 (window high), $2,251.39 (Nov 7 high)
▪ Support: $2,229.35 (window low), $2,222.51 (Nov 7 low)
🗓 News & Catalysts
▪ Amundi put a European equity fund share class on Ethereum (per NewsBTC).
▪ Next: China CPI/PPI (Nov 9, 01:30 UTC), Fed's Bowman speaks (Nov 9, 13:40 UTC), US CPI (Nov 10, 13:30 UTC).
#JobsReportRaisesHikeOdds #viralpost
#Ethereum #analysis
