📊 ETH/USDT 30-Day Market Breakdown | Oct 5 – Nov 3, 2026

Ethereum has had a rough 30 days — here's what the charts are saying:

🔴 Price Action
ETH opened at $2,710 and has slid to $2,265, a -16.4% decline over the period. The sell-off was front-loaded, with the steepest drops in the first two weeks pulling price from $2,710 all the way to a 30-day low of $2,174. Since then, ETH has been chopping in a narrow $2,174–$2,320 range with no clear recovery impulse.

📉 Moving Averages — Bearish Structure
• MA7: $2,272 | MA25: $2,379
• Price is trading below both MAs
• MA7 has crossed below MA25 — a death cross configuration
• Until price reclaims $2,379 (MA25), the bias stays firmly bearish

🛡️ Key Levels to Watch
• Support: $2,174 (period low) | $2,233 (secondary)
• Resistance: $2,320–$2,380 (MA cluster) | $2,500+ (breakdown zone)
The $2,174 support has been tested twice — holding it is critical. A clean break below puts $2,050–$2,100 in play.

⚖️ ETH vs BTC — ETH Losing Ground
• ETH 30d: -16.4% | BTC 30d: -10.2%
• ETH underperformed BTC by ~6.3 percentage points
• ETH/BTC ratio dropped from 0.03160 → 0.02939 (-6.97%)
ETH continues to bleed dominance against BTC. Historically, ETH recovers this ratio during risk-on pivots — but there's no signal of that yet.

📌 Outlook
Consolidation between $2,175–$2,320 could build a base, but bulls need a catalyst. Watch for a MA7 crossback above MA25 and a sustained close above $2,380 to flip the short-term structure. Until then, this is a bear-favored range.

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