$ETH /USD Complete Analysis ā 6 Nov 2026
Current price: approximately $2,230ā$2,250. ETH has recently bounced, but the broader short- and medium-term structure remains bearish.
š Market structure $ETH
- Short-term: š“ Bearish
- Medium-term: š“ Bearish
- Long-term: š¢ Moderately bullish
- Daily RSI: around 40, showing weak momentum but no longer deeply oversold.
- 20-day MA: ~$2,340
- 50-day MA: ~$2,503
- 200-day MA: ~$2,157
$ETH is trading below the 20- and 50-day averages, keeping the near-term trend under pressure. However, price is still around/above the 200-day average, which is an important longer-term level.
š Key resistance levels
Level Importance
$2,307 Immediate pivot/resistance
$2,336 First major resistance
$2,354 Short-term breakout level
$2,425 Stronger trend-reversal area
$2,503 Major resistance / 50-day MA
$2,640ā$2,716 Higher bullish targets
A sustained move above $2,354 would improve the short-term structure. A break above $2,425 would provide much stronger evidence that the larger bearish trend is weakening.
š”ļø Key support levels
- $2,198 ā first important support
- $2,181 ā next support
- $2,164 ā stronger intraday support
- $2,157 ā around the 200-day MA
- $2,119
- $2,050 ā major lower support
A daily break below $2,157ā$2,119 would significantly weaken the long-term structure and could open the way toward $2,050.
š¢ Bullish scenario
If ETH holds $2,198ā$2,180 and reclaims $2,307, the next targets are:
$2,336 ā $2,354 ā $2,425 ā $2,503
A decisive breakout above $2,503 would shift the medium-term outlook considerably more bullish, with $2,640ā$2,716 becoming potential targets.
š“ Bearish scenario
If ETH fails to reclaim $2,307 and breaks below $2,198, the downside path becomes:
$2,198 ā $2,181 ā $2,164 ā $2,119 ā $2,050
The key danger zone is $2,157ā$2,119. Losing that area on a daily closing basis would be a significant bearish signal.
ā ļø Important catalyst today
U.S. October employment data is scheduled for 6 Nov, and recent historical data suggests ETH can experience substantial volatility around U.S. payroll releases. CPI follows on 10 Nov.
šÆ My overall bias
š“ Bearish below $2,307
š” Neutral between $2,307 and $2,354
š¢ Bullish confirmation above $2,354, with stronger confirmation above $2,425
For a short-term trader, $2,307 is the key line in the sand. Until ETH can reclaim it, rallies should be treated cautiously. The first major downside area to watch is $2,198ā$2,180.
This is technical market analysis, not financial advice. Crypto can move sharply, especially around economic data releases.