$ETH steps down in two legs, then holds near $2,236
Last 4 hours, Nov 7 13:50 – 17:45 UTC
ETH is at $2,236.54, down 0.41% from $2,245.77. High $2,248.14, low $2,228.29 (0.89% range). Price held $2,245–$2,247 until ~14:55, slid to $2,235 by 15:45 on heavy volume, dipped to the low at 16:25, then held $2,233–$2,237.
📊 Market context
▪ Total crypto market cap -0.16% in 4h, BTC -0.13%. ETH lagged BTC by 0.24 pts.
▪ ETH +0.7% over 24h, -0.8% over 7 days. CMC Fear & Greed (daily): 31 (Fear), down from 61 a month ago.
▪ US spot ETH ETFs: $93.3M net outflow on the latest settled day, $365.2M over five sessions.
📈 Volume
▪ 4h volume on Crypto.com ~$2.1M: 0.29x the 7-day average 4h bar ($7.4M, skewed by the Nov 5–6 sell-off) and 0.46x the median ($4.7M). The 15:45 candle alone was 15% of it.
🔎 Technicals & levels
▪ RSI(14, 5m) 49. On 1h bars RSI is 41 and price is below its 20-bar average ($2,240.74). On 4h bars price is below its 20-bar average ($2,295.92).
▪ Resistance: $2,243.74 (session high, per CMC), $2,248.14 (window high)
▪ Support: $2,228.94 (4h bars, tested twice, per CMC), $2,228.29 (window low)
🗓 News & Catalysts
▪ Ethereum developers postponed the next Glamsterdam hard-fork step on the Hoodi testnet over gas-accounting compatibility issues, with no new date set (per TradingView News).
▪ Arkham data cited by U.Today shows whales buying more than $42M of ETH.
▪ 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 #ETH #analysis #cryptouniverseofficial #viralpost
Last 4 hours, Nov 7 13:50 – 17:45 UTC
ETH is at $2,236.54, down 0.41% from $2,245.77. High $2,248.14, low $2,228.29 (0.89% range). Price held $2,245–$2,247 until ~14:55, slid to $2,235 by 15:45 on heavy volume, dipped to the low at 16:25, then held $2,233–$2,237.
📊 Market context
▪ Total crypto market cap -0.16% in 4h, BTC -0.13%. ETH lagged BTC by 0.24 pts.
▪ ETH +0.7% over 24h, -0.8% over 7 days. CMC Fear & Greed (daily): 31 (Fear), down from 61 a month ago.
▪ US spot ETH ETFs: $93.3M net outflow on the latest settled day, $365.2M over five sessions.
📈 Volume
▪ 4h volume on Crypto.com ~$2.1M: 0.29x the 7-day average 4h bar ($7.4M, skewed by the Nov 5–6 sell-off) and 0.46x the median ($4.7M). The 15:45 candle alone was 15% of it.
🔎 Technicals & levels
▪ RSI(14, 5m) 49. On 1h bars RSI is 41 and price is below its 20-bar average ($2,240.74). On 4h bars price is below its 20-bar average ($2,295.92).
▪ Resistance: $2,243.74 (session high, per CMC), $2,248.14 (window high)
▪ Support: $2,228.94 (4h bars, tested twice, per CMC), $2,228.29 (window low)
🗓 News & Catalysts
▪ Ethereum developers postponed the next Glamsterdam hard-fork step on the Hoodi testnet over gas-accounting compatibility issues, with no new date set (per TradingView News).
▪ Arkham data cited by U.Today shows whales buying more than $42M of ETH.
▪ 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 #ETH #analysis #cryptouniverseofficial #viralpost
