$ETH Price Prediction Today (Oct 29): Ethereum Crypto Signal & Technical Analysis 📊
🔴 SHORT | Entry 2,310 - 2,319 | TP1 2,235 | SL 2,393
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🕒 Updated: Oct 29, 20:12 UTC · price 2,314
Honest update first: our 02:17 UTC Ethereum short (entry 2,299 - 2,308) is still open and about 0.5% under water. Price climbed to 2,380 this afternoon, stayed under our 2,393 stop, and is now back near entry as the market fades again.
📌 ETHEREUM TRADING SIGNAL (Strong, 5/5 signals agree)
Entry: 2,310 - 2,319
Take profit 1: 2,235 (-3.4%)
Take profit 2: 2,172 (-6.1%)
Take profit 3: 2,078 (-10.2%)
Stop loss: 2,393 (+3.4%)
📊 ETH TECHNICAL ANALYSIS (4H CHART)
Price is below the EMA20 (2,340) and EMA50 (2,360), the EMA20 is sloping down, RSI is 44 and the week is red (-3.1%). Bitcoin has also turned lower tonight. Caution: the 2,282 - 2,293 floor has held several times since Oct 24.
🔑 KEY LEVELS
Support: 2,282 - 2,293, then 2,235
Resistance: 2,340 - 2,360 (EMAs), then 2,393
📉 Bearish scenario: a 4H close under 2,282 breaks the floor and opens TP1 at 2,235.
📈 Bullish scenario: reclaiming 2,360 would trap late sellers. A close above 2,393 cancels this signal.
💡 Bottom line: lower highs, both EMAs overhead and a weak market. Shorts favored under 2,340; the 2,282 break is the trigger.
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Does Ethereum finally break the 2,282 floor, or bounce off it one more time? 👇
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