$ETH Honestly, ETH has been looking pretty rough this month. After trying to push up near that $2,800 resistance a while back, the bulls just couldn't keep the momentum going. Right now, it's sliding down around the $2,310 to $2,330 range, losing about 11-12% over the course of October.
If you're watching the charts, a few things stand out:
The Support Test: Price is currently sitting right around the $2,300 mark. This is a pretty crucial spot. If this level breaks, we could easily see it slide down to test the psychological $2,000 zone.
The Indicators: The RSI is sitting in the mid-30s—getting close to oversold territory, which usually means we might see a small relief bounce soon, but the overall trend is still heavy. The sell volume in the futures market has been pretty dominant, too.
The Vibe: Institutional inflows just haven't been strong enough lately to rescue the price, and the broader macro market has been spooked.
Basically, it’s a waiting game right now. ETH really needs to reclaim $2,400+ and hold it before anyone can seriously talk about a trend reversal.
What kind of setup are you looking at right now—are you trying to find a spot to accumulate, or just watching the Binance charts closely to see where it bottoms out? @Ethereum
#Ethereum
If you're watching the charts, a few things stand out:
The Support Test: Price is currently sitting right around the $2,300 mark. This is a pretty crucial spot. If this level breaks, we could easily see it slide down to test the psychological $2,000 zone.
The Indicators: The RSI is sitting in the mid-30s—getting close to oversold territory, which usually means we might see a small relief bounce soon, but the overall trend is still heavy. The sell volume in the futures market has been pretty dominant, too.
The Vibe: Institutional inflows just haven't been strong enough lately to rescue the price, and the broader macro market has been spooked.
Basically, it’s a waiting game right now. ETH really needs to reclaim $2,400+ and hold it before anyone can seriously talk about a trend reversal.
What kind of setup are you looking at right now—are you trying to find a spot to accumulate, or just watching the Binance charts closely to see where it bottoms out? @Ethereum
#Ethereum
