$ETH is trading around $2,495, up about 0.5% since midnight and roughly flat over 24 hours. Today’s range is only $2,474–2,499, about 1%. Trading is quiet, averaging about 1.1k ETH per hour against a 48-hour median of about 2.8k.
What the chart shows
Oct 8 sell-off: At 20:00 PKT, ETH dropped from about $2,532 to $2,436 in a single hour, then bottomed at $2,406. The sell-off hour traded about 51k ETH, roughly 18× the median. Rebound and rejection: Price recovered to $2,500–2,520 by yesterday afternoon. It was rejected at $2,520.75 at 16:00 PKT and has drifted sideways since. Weekly picture: ETH is about 8% below Oct 5’s close of roughly $2,710, after two straight down days on Oct 7 and 8.
Levels to watch
Resistance: $2,500 (today’s high is $2,499 and it is a round number), then $2,520 (yesterday’s rejection) and $2,532 (where the sell-off began). Support: $2,474 (today’s low) and $2,465 (the base from early Oct 9), then the $2,406 low.
Takeaway: ETH has stabilised after the sell-off but hasn’t recovered it. The squeeze into a tight range on thin volume often comes before a bigger move. A break above $2,500–2,520 on rising volume would point to a retest of $2,530+. Losing $2,465 would put the $2,406 low back in play. This is a read of the price action, not financial advice.
The last candle is still forming. I used OKX’s ETH-USDT market because Coinbase’s feed was about 10 hours behind, so other exchanges may differ slightly.
Sources: OKX market data API (ETH-USDT hourly candles), Coinbase Exchange API (ETH-USD daily candles for the weekly context).
What the chart shows
Oct 8 sell-off: At 20:00 PKT, ETH dropped from about $2,532 to $2,436 in a single hour, then bottomed at $2,406. The sell-off hour traded about 51k ETH, roughly 18× the median. Rebound and rejection: Price recovered to $2,500–2,520 by yesterday afternoon. It was rejected at $2,520.75 at 16:00 PKT and has drifted sideways since. Weekly picture: ETH is about 8% below Oct 5’s close of roughly $2,710, after two straight down days on Oct 7 and 8.
Levels to watch
Resistance: $2,500 (today’s high is $2,499 and it is a round number), then $2,520 (yesterday’s rejection) and $2,532 (where the sell-off began). Support: $2,474 (today’s low) and $2,465 (the base from early Oct 9), then the $2,406 low.
Takeaway: ETH has stabilised after the sell-off but hasn’t recovered it. The squeeze into a tight range on thin volume often comes before a bigger move. A break above $2,500–2,520 on rising volume would point to a retest of $2,530+. Losing $2,465 would put the $2,406 low back in play. This is a read of the price action, not financial advice.
The last candle is still forming. I used OKX’s ETH-USDT market because Coinbase’s feed was about 10 hours behind, so other exchanges may differ slightly.
Sources: OKX market data API (ETH-USDT hourly candles), Coinbase Exchange API (ETH-USD daily candles for the weekly context).