$ETH trades near $2,416 (+4.1% in 24h, range $2,310–2,443) and is outperforming $BTC after the US midterm results.
📊 Technicals
• Above the 20-day EMA ($2,359), 100-day EMA ($2,346) and 200-day SMA ($2,157)
• RSI(14) ~55, neutral; bullish MACD cross, lines still below zero
• Resistance: $2,447 / $2,506 / $2,548
• Support: $2,350 / $2,314 / $2,223
🔗 Fundamentals
• Spot ETH ETFs: +$53M on Nov 4, ending a 7-day outflow streak
• Average ETF cost basis ~$3,200 (Bloomberg Intelligence), a likely sell zone
• 36.2% of supply staked (~44.3M ETH), APR 2.44%
• Glamsterdam testnet launch on Hoodi postponed, no new date
🎯 Scenarios
🟢 Daily close > $2,506 → $2,548, then $2,636
⚪ $2,314–2,506 range into the US jobs report
🔴 Below $2,314 → $2,223; a close < $2,170 targets the 200-day SMA
Where do you see ETH by Friday's close? 👇
Data as of Nov 5, 12:35 UTC. Not financial advice, DYOR.