2026.11.2 ETH Market Update:
Today, ETH rebounded from a low of $2,174. Selling pressure has eased somewhat in the short term, but a trend reversal cannot yet be confirmed.
The hourly MACD has now turned positive, indicating that short-term bullish momentum is strengthening. However, the daily chart remains below EMA20 and EMA50, with the medium-term moving averages continuing to act as resistance.
So the short-term structure remains bearish today. Keep a close eye on $2,300–$2,330. If the price makes a sustained break above $2,310 on the 1-hour chart and holds above it on a retest, consider a small long position. If the price pushes into the $2,300–$2,330 range and then shows clear signs of stalling, with a top reversal signal on the 1-hour chart, a break back below $2,280 could be considered a short-term short entry.
Today, ETH rebounded from a low of $2,174. Selling pressure has eased somewhat in the short term, but a trend reversal cannot yet be confirmed.
The hourly MACD has now turned positive, indicating that short-term bullish momentum is strengthening. However, the daily chart remains below EMA20 and EMA50, with the medium-term moving averages continuing to act as resistance.
So the short-term structure remains bearish today. Keep a close eye on $2,300–$2,330. If the price makes a sustained break above $2,310 on the 1-hour chart and holds above it on a retest, consider a small long position. If the price pushes into the $2,300–$2,330 range and then shows clear signs of stalling, with a top reversal signal on the 1-hour chart, a break back below $2,280 could be considered a short-term short entry.
