ETH Briefing | October 12, 20:45 (Beijing Time)
Data shows ETH at around 2,531 USDT. It surged to 2,580 today before pulling back, down about 0.2% from midnight. The daily chart is neutral, while the 4-hour chart is leaning bearish. Support is at 2,500, resistance at 2,595, with 2,640 in focus if it breaks through. U.S. spot ETH ETFs saw net outflows of about $542 million last week, and this week’s CPI data is an important variable. There is currently no statistically measurable analyst consensus; the short-term outlook leans toward choppy, slightly bearish trading. For reference only.
#ETH #Ethereum$ETH
Data shows ETH at around 2,531 USDT. It surged to 2,580 today before pulling back, down about 0.2% from midnight. The daily chart is neutral, while the 4-hour chart is leaning bearish. Support is at 2,500, resistance at 2,595, with 2,640 in focus if it breaks through. U.S. spot ETH ETFs saw net outflows of about $542 million last week, and this week’s CPI data is an important variable. There is currently no statistically measurable analyst consensus; the short-term outlook leans toward choppy, slightly bearish trading. For reference only.
#ETH #Ethereum$ETH