ETH Evening Update - Oct 8
#ETH at $2,532 down -1.21% today. Opened $2,563 High $2,587 Low $2,504.
ETH is underperforming BTC. Trading below 7D & 20D SMA. Immediate support $2,550 broken, now testing $2,500 psychological support. ETF outflows $161M hit today.
Support: $2,550 / $2,500 strong
Resistance: $2,625-$2,650 / $2,700
Holding above $2,500 is crucial. If holds, bounce to $2,625. Break below $2,500 = $2,400 risk.
Cautious zone, avoid leverage.
#ETH at $2,532 down -1.21% today. Opened $2,563 High $2,587 Low $2,504.
ETH is underperforming BTC. Trading below 7D & 20D SMA. Immediate support $2,550 broken, now testing $2,500 psychological support. ETF outflows $161M hit today.
Support: $2,550 / $2,500 strong
Resistance: $2,625-$2,650 / $2,700
Holding above $2,500 is crucial. If holds, bounce to $2,625. Break below $2,500 = $2,400 risk.
Cautious zone, avoid leverage.