$ETH is stuck in a box since the Binance hack
Price is about $2,257. Since the Oct 29 drop, ETH has bounced between roughly $2,175 (the Oct 30 low) and $2,320, and yesterday's push to $2,318 got sold straight back down.
The headwind: spot ETH ETFs had their 6th red day in a row on Monday, about -$139.7M per Farside.
My view for Nov 3 to 9:
A daily close above $2,320 opens $2,390, the Oct 28 high.
Lose $2,237 (yesterday's low) and I'd expect a retest of $2,175.
Slight bearish lean while ETF outflows continue. A daily close above $2,390 proves me wrong.
#ETH #Ethereum #CryptoMarket #PriceAnalysis
NFA
Price is about $2,257. Since the Oct 29 drop, ETH has bounced between roughly $2,175 (the Oct 30 low) and $2,320, and yesterday's push to $2,318 got sold straight back down.
The headwind: spot ETH ETFs had their 6th red day in a row on Monday, about -$139.7M per Farside.
My view for Nov 3 to 9:
A daily close above $2,320 opens $2,390, the Oct 28 high.
Lose $2,237 (yesterday's low) and I'd expect a retest of $2,175.
Slight bearish lean while ETF outflows continue. A daily close above $2,390 proves me wrong.
#ETH #Ethereum #CryptoMarket #PriceAnalysis
NFA
