ETH spot is clinging to $2,000 — and honestly, so is my portfolio 😅
$ETH ~$2,056, down ~2% today after tagging a $2,006 low yesterday. That's -7.9% in 5 sessions and -18.7% in a month. The chart is red, the mood is worse.
Why the pressure? Hot October CPI (0.4% vs 0.3% expected) has traders pricing a December Fed hike, and spot ETH ETFs just posted their biggest outflow since Oct 6 (-$184.6M on Nov 9). BTC spot ETFs are on a 4-day outflow streak too (-$95M on Nov 10).
Levels that matter:
🔴 Support: $2,000 — then ~$1,950
🟢 Resistance: $2,110–$2,135
Verdict: $2,000 is the line. Hold it and ETH gets room to breathe; lose it and the next leg down comes fast. Spot buyers, this is your level to watch.
Not financial advice. DYOR.
$ETH ~$2,056, down ~2% today after tagging a $2,006 low yesterday. That's -7.9% in 5 sessions and -18.7% in a month. The chart is red, the mood is worse.
Why the pressure? Hot October CPI (0.4% vs 0.3% expected) has traders pricing a December Fed hike, and spot ETH ETFs just posted their biggest outflow since Oct 6 (-$184.6M on Nov 9). BTC spot ETFs are on a 4-day outflow streak too (-$95M on Nov 10).
Levels that matter:
🔴 Support: $2,000 — then ~$1,950
🟢 Resistance: $2,110–$2,135
Verdict: $2,000 is the line. Hold it and ETH gets room to breathe; lose it and the next leg down comes fast. Spot buyers, this is your level to watch.
Not financial advice. DYOR.