📊 ETH/USDT 30-Day Market Review | Nov 7, 2026

Ethereum has been trading under pressure over the past month, sliding from ~$2,475 to $2,245 — a decline of roughly 9.3%. The structure remains bearish below both key moving averages.

📉 Moving Averages:
• MA7: ~$2,278 — price is currently trading below
• MA25: ~$2,403 — acting as overhead resistance

Any recovery attempt must first reclaim $2,280, then tackle the $2,400–2,450 resistance band.

🔲 Key Levels:
• Resistance: $2,450–$2,480
• Secondary resistance: $2,530–$2,540
• Immediate support: $2,220–$2,240
• Breakdown level: $2,174 (30-day low)

ETH is consolidating near $2,240. A breach below $2,175 opens downside toward $2,100.

⚖️ ETH vs BTC (30-Day Performance):
• ETH: -9.3%
• BTC: -7.9%
• ETH underperformed BTC by ~1.4%

The ETH/BTC ratio continues drifting lower in a risk-off environment. BTC remains the stronger relative hold until ETH reclaims $2,350+.

👀 Watch: Volume expansion above $2,250 could signal accumulation. A close below $2,220 refocuses attention on the $2,175 lows.

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