📊 ETH/USDT 30-Day Market Recap | Oct 3 – Nov 1, 2026
Ethereum has been under sustained selling pressure over the past month, sliding from $2,687 to $2,270 — a decline of -15.5%. Here's a breakdown of what the charts are telling us:
🔴 Trend: Bearish
ETH is trading below both its MA7 ($2,303) and MA25 ($2,408), with a confirmed death cross still in play. Every attempted bounce has been sold into, and the downtrend structure remains intact heading into November.
📉 Key Levels
• Resistance R1: $2,540–$2,580 (mid-Oct consolidation highs)
• Resistance R2: $2,700–$2,740 (early Oct open zone)
• Support S1: $2,293–$2,320 (recent base)
• Support S2: $2,174 (30-day low, Oct 29–30)
A clean reclaim of $2,400+ and MA25 would be the first signal of a trend shift. Until then, the burden of proof stays with the bulls.
⚖️ ETH vs BTC: ETH Underperforms
BTC dropped -8.0% over the same 30 days, while ETH fell -15.5% — a gap of ~7.5 percentage points. The ETH/BTC ratio declined from 0.03171 to 0.02911 (-8.2%), reflecting capital rotation away from ETH and continued BTC dominance in the current macro environment.
🧭 Outlook
Short-term: Watch the $2,293 support cluster. A break below risks a retest of $2,174.
Recovery scenario: Needs a decisive close above $2,408 (MA25) to flip short-term momentum.
Wild card: Any macro catalyst or BTC breakout above $80K could bring altcoin relief.
#Ethereum #ETH #CryptoAnalysis #BTC #Binance
Ethereum has been under sustained selling pressure over the past month, sliding from $2,687 to $2,270 — a decline of -15.5%. Here's a breakdown of what the charts are telling us:
🔴 Trend: Bearish
ETH is trading below both its MA7 ($2,303) and MA25 ($2,408), with a confirmed death cross still in play. Every attempted bounce has been sold into, and the downtrend structure remains intact heading into November.
📉 Key Levels
• Resistance R1: $2,540–$2,580 (mid-Oct consolidation highs)
• Resistance R2: $2,700–$2,740 (early Oct open zone)
• Support S1: $2,293–$2,320 (recent base)
• Support S2: $2,174 (30-day low, Oct 29–30)
A clean reclaim of $2,400+ and MA25 would be the first signal of a trend shift. Until then, the burden of proof stays with the bulls.
⚖️ ETH vs BTC: ETH Underperforms
BTC dropped -8.0% over the same 30 days, while ETH fell -15.5% — a gap of ~7.5 percentage points. The ETH/BTC ratio declined from 0.03171 to 0.02911 (-8.2%), reflecting capital rotation away from ETH and continued BTC dominance in the current macro environment.
🧭 Outlook
Short-term: Watch the $2,293 support cluster. A break below risks a retest of $2,174.
Recovery scenario: Needs a decisive close above $2,408 (MA25) to flip short-term momentum.
Wild card: Any macro catalyst or BTC breakout above $80K could bring altcoin relief.
#Ethereum #ETH #CryptoAnalysis #BTC #Binance