🔥ETH is weakening in the short term, with $2,565 as key support.
After rebounding from $2,380 to $2,810, #ETH broke below support on heavy volume on October 7, undermining the uptrend. The key level to watch now is $2,565: holding above it could see a move to $2,625–$2,650, while a break below it would put $2,500 in focus, followed by $2,380–$2,400.
Fund flows are also weak. On October 6, BlackRock’s ETHA saw net outflows of $202 million, while IBIT attracted $122 million, showing that institutions clearly favor BTC.
Also worth watching are the security risks to ECDSA posed by AI advancements.
The short-term outlook is bearish, with $2,565 as the key dividing line. #以太坊现货ETF单日净流出1.61亿美元
After rebounding from $2,380 to $2,810, #ETH broke below support on heavy volume on October 7, undermining the uptrend. The key level to watch now is $2,565: holding above it could see a move to $2,625–$2,650, while a break below it would put $2,500 in focus, followed by $2,380–$2,400.
Fund flows are also weak. On October 6, BlackRock’s ETHA saw net outflows of $202 million, while IBIT attracted $122 million, showing that institutions clearly favor BTC.
Also worth watching are the security risks to ECDSA posed by AI advancements.
The short-term outlook is bearish, with $2,565 as the key dividing line. #以太坊现货ETF单日净流出1.61亿美元