November 9 $ETH Market Update ETH has fallen below $2,100, | Seven-七七 on Binance Square

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November 9 $ETH Market Update

ETH has fallen below $2,100, and the market is looking increasingly bleak. What should we do next?

ETH's rebound has continued to weaken over the past two days, with no meaningful counterattack.
It has now fallen further below $2,100, hitting its lowest level since mid-August. It really is very weak.

Meanwhile, 52,100 ETH options are expiring today, with a notional value of about $110 million, a Put/Call ratio of 1.27, and a max pain price of $2,220;

Another 8,591 $BTC options are expiring, with a notional value of about $637 million and a max pain price of $75,500.

The largest expiry this month is on November 27, when 72,800 BTC options will expire, with a notional value of $5.401 billion and a current max pain price of $80,000.

The next short-term support zone is around 2,060–2,020; if that fails, the next support target is 1,870.

The first resistance above is $2,145, with a strong resistance zone around $2,200–$2,220.

#EthereumSpotETFsSeeWeeklyNetOutflowsOf$365Million

Seven-七七

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November 6 $ETH Market Update

U.S. stocks and crypto were hit by a bloodbath. What should we do next?

The main concern behind this sell-off is that the Democrats may tighten AI regulations if they take office, and even restrict the construction of some data centers. This sent AI and chip stocks—which had surged significantly beforehand—plunging across the board.

The U.S. stock market lost around $3 trillion in market value in a single day. BTC fell more than 5% in 24 hours, and over $1 billion worth of leveraged positions in crypto were liquidated.

What’s the outlook for $ETH?

The one-hour chart has weakened, so for now, we can set aside the previous high of 2,449. Keep an eye on the 2,200–2,210 range. It’s supported by a trendline and is key to whether prices can stabilize in the short term.

If support holds, prices may rebound to 2,250–2,260 in the short term. If it breaks decisively on high volume, the next key level is 2,170.

External headwinds are ongoing, and tonight’s nonfarm payrolls report is also a key event. Crypto is currently not in a position to rally independently.

There’s no need to be overly pessimistic about the medium to long term, but the short-term outlook is bearish. Gradually buying the dip in ETH should be fine.
#U.S.stocksloseover$2trillionovernight,severalhedgefundsfaceriskofliquidation