It fell again last night. What might happen next for $ETH ? Here’s how I’m thinking about it.
The price has briefly dipped below the 2,300 area three times, with a low of 2,313.39.
Looking at the 4-hour chart, this area is seeing some support for now. If it continues to hold in the short term and the lows start moving higher, I’ll be watching for a potential bounce.
But where might the bounce go first?
The first target is 2,450–2,480, a relatively clear resistance zone recently.
If the price breaks through on strong volume and holds above it, the next area to watch is 2,560–2,580, though that would require stronger momentum.
Of course, this is just a technical analysis roadmap; there’s no sign of a reversal yet.
ETF inflows have yet to return in any meaningful way. Data shows that from October 12 to 16, spot BTC and ETH ETFs saw combined net outflows of about $549 million, while stablecoin supply and DeFi activity also declined.
That means even if a short-term bounce occurs, we should be wary of a pullback after a spike due to insufficient inflows.
As for the 2,300 level, repeated dips below it are encouraging, but three such dips don’t guarantee that the price can’t fall further.
Be bullish when the time is right, but stay cautious when needed.
Let’s wait for the market to give us a signal and respond in stages.
#eth
The price has briefly dipped below the 2,300 area three times, with a low of 2,313.39.
Looking at the 4-hour chart, this area is seeing some support for now. If it continues to hold in the short term and the lows start moving higher, I’ll be watching for a potential bounce.
But where might the bounce go first?
The first target is 2,450–2,480, a relatively clear resistance zone recently.
If the price breaks through on strong volume and holds above it, the next area to watch is 2,560–2,580, though that would require stronger momentum.
Of course, this is just a technical analysis roadmap; there’s no sign of a reversal yet.
ETF inflows have yet to return in any meaningful way. Data shows that from October 12 to 16, spot BTC and ETH ETFs saw combined net outflows of about $549 million, while stablecoin supply and DeFi activity also declined.
That means even if a short-term bounce occurs, we should be wary of a pullback after a spike due to insufficient inflows.
As for the 2,300 level, repeated dips below it are encouraging, but three such dips don’t guarantee that the price can’t fall further.
Be bullish when the time is right, but stay cautious when needed.
Let’s wait for the market to give us a signal and respond in stages.
#eth