Ethereum is following the market down, not leading a rally today: trading at 2,125–2,130. Over the weekend, it plunged 7.3% in 15 minutes, wicking down to 2,060. The ETH/BTC exchange rate plunged 4.22% to 0.0285, its weakest since September. Whales were buying around 2,106 (one 21.55 million USDT purchase borrowed through Aave to buy 10,000 ETH; two wallets spent 9.08 million to buy 4,312 ETH), but spot ETFs saw net outflows of 365 million over the week. On-chain accumulation can’t withstand leveraged liquidations.
Price levels:
-Support: 2,080 (today’s low zone) / 2,060 (wick low) / 2,000 psychological level
-Resistance: 2,200 (overhead resistance) / 2,379 / 2,426
-Structure: RSI is oversold and whales are buying, but ETF flows haven’t turned around
-The real issue: High-beta assets are taking the hit first. The medium-term L2/stablecoin narrative is intact, but there’s no sustained buying pressure in the short term.
The biggest risk when watching ETH is buying just because it has fallen a lot. The real signals to watch are ETH/BTC, gas fees, the staking queue, and ETF net flows. For a fuller picture, check the latest cryptocurrency prices on BiyaPay, invest in global assets with USDT, and buy products such as US and Hong Kong stocks and forex. View ETH, BTC, the Nasdaq, and stablecoin market caps on one screen to see in a second which of DeFi or L1 is holding up better.
11/10 strategy:
-If holding: Don’t sell everything unless 2,080 breaks; reduce further only if it closes below 2,060
-If flat: Take a small position at 2,100–2,120, with a stop loss at 2,075
-Bullish confirmation: A 4H close above 2,200 with volume returning; then watch 2,379
-Avoid: Chasing at 2,160 or panic-selling at 2,090
ETH’s medium-term outlook isn’t dead, and whales are buying; but with BTC at 73k at risk of breaking down, ETH needs to hold 2,060 first.
Price levels:
-Support: 2,080 (today’s low zone) / 2,060 (wick low) / 2,000 psychological level
-Resistance: 2,200 (overhead resistance) / 2,379 / 2,426
-Structure: RSI is oversold and whales are buying, but ETF flows haven’t turned around
-The real issue: High-beta assets are taking the hit first. The medium-term L2/stablecoin narrative is intact, but there’s no sustained buying pressure in the short term.
The biggest risk when watching ETH is buying just because it has fallen a lot. The real signals to watch are ETH/BTC, gas fees, the staking queue, and ETF net flows. For a fuller picture, check the latest cryptocurrency prices on BiyaPay, invest in global assets with USDT, and buy products such as US and Hong Kong stocks and forex. View ETH, BTC, the Nasdaq, and stablecoin market caps on one screen to see in a second which of DeFi or L1 is holding up better.
11/10 strategy:
-If holding: Don’t sell everything unless 2,080 breaks; reduce further only if it closes below 2,060
-If flat: Take a small position at 2,100–2,120, with a stop loss at 2,075
-Bullish confirmation: A 4H close above 2,200 with volume returning; then watch 2,379
-Avoid: Chasing at 2,160 or panic-selling at 2,090
ETH’s medium-term outlook isn’t dead, and whales are buying; but with BTC at 73k at risk of breaking down, ETH needs to hold 2,060 first.
