đ Ethereum Analysis: Outperformed Bitcoin Yesterdayâbut Institutions Are Still Exiting
$ETH Ethereum was the star of yesterdayâs rebound: it rose about 6.5 percent to around $2,425, outperforming Bitcoin. The question is: is it leading a rally, or just bouncing within a downtrend?
First: Price Structure
⢠Price is now around $2,425, after a low near $2,254 early in the move
⢠Daily trend: a strong rebound, but price is still far below the September peak near $2,800
⢠Short-term picture: price is testing the $2,439 area, an important retracement level according to BeInCrypto
Second: Levels
⢠Support: $2,300, then $2,254
⢠Resistance: $2,439, then $2,500
⢠The level that will decide things today: $2,439âa daily close above it opens the way to $2,500, while rejection there would send price back to $2,300
⢠Invalidation level: a break below $2,254 invalidates the rebound thesis and brings the possibility of a new low back into focus
Third: Derivatives
⢠Liquidations: $239 million over 24 hours, more than half of them shorts
⢠Funding rate around 0.0074 percentâneutral, with no excess
Fourth: Flowsâthe dark spot
⢠Ethereum funds have not recorded a single day of net inflows since September 29, according to Glassnode
⢠October alone: $1.61 billion in outflows, the largest monthly outflow since the funds launched
⢠November 3: an additional $85.35 million in outflows, according to SoSoValue
Fifth: The Two-Scenario Roadmap
⢠Bullish: a close above $2,439 targets $2,500âinvalidated by rejection and a move back below $2,300
⢠Bearish: rejection at $2,439 sends price back to $2,300, then $2,254âinvalidated by a close above $2,439
What does all this mean? Ethereum is rising on the chart while being sold in the fundsâuntil inflows return, the rebound remains just a rebound, not a confirmed trend reversal.
Quick question: Do you think Ethereum will get back above $2,439 today, or be rejected there? Write âaboveâ or ârejected.â
Source: Kraken, BeInCrypto, Glassnode, SoSoValue â November 5, 2026
#Ethereum #Crypto
$ETH Ethereum was the star of yesterdayâs rebound: it rose about 6.5 percent to around $2,425, outperforming Bitcoin. The question is: is it leading a rally, or just bouncing within a downtrend?
First: Price Structure
⢠Price is now around $2,425, after a low near $2,254 early in the move
⢠Daily trend: a strong rebound, but price is still far below the September peak near $2,800
⢠Short-term picture: price is testing the $2,439 area, an important retracement level according to BeInCrypto
Second: Levels
⢠Support: $2,300, then $2,254
⢠Resistance: $2,439, then $2,500
⢠The level that will decide things today: $2,439âa daily close above it opens the way to $2,500, while rejection there would send price back to $2,300
⢠Invalidation level: a break below $2,254 invalidates the rebound thesis and brings the possibility of a new low back into focus
Third: Derivatives
⢠Liquidations: $239 million over 24 hours, more than half of them shorts
⢠Funding rate around 0.0074 percentâneutral, with no excess
Fourth: Flowsâthe dark spot
⢠Ethereum funds have not recorded a single day of net inflows since September 29, according to Glassnode
⢠October alone: $1.61 billion in outflows, the largest monthly outflow since the funds launched
⢠November 3: an additional $85.35 million in outflows, according to SoSoValue
Fifth: The Two-Scenario Roadmap
⢠Bullish: a close above $2,439 targets $2,500âinvalidated by rejection and a move back below $2,300
⢠Bearish: rejection at $2,439 sends price back to $2,300, then $2,254âinvalidated by a close above $2,439
What does all this mean? Ethereum is rising on the chart while being sold in the fundsâuntil inflows return, the rebound remains just a rebound, not a confirmed trend reversal.
Quick question: Do you think Ethereum will get back above $2,439 today, or be rejected there? Write âaboveâ or ârejected.â
Source: Kraken, BeInCrypto, Glassnode, SoSoValue â November 5, 2026
#Ethereum #Crypto
