FX.co ★ sandra75 | #Ethereum chart analysis

Hi everyone! Ethereum is showing a dead cat bounce that is capped at 2,500–2,548 and is pulling back to 2,440. Primary short target 2,440, alternate 2,376–2,400 (zone where selling paused for several consecutive days). The short scenario is invalidated by a daily close above 2,548: then 2,781 opens. Nearest support 2,440–2,444 , next 2,376–2,400, then 2,324–2,362 and 2,215. Nearest resistance 2,500 psychological level), next 2,548, above 2,781. U.S. spot ETH ETFs lost about $1.08 billion in October, the largest outflow of the year for a month, wiping out September's inflow of $832 million. Institutional investors have withdrawn funds for 15 sessions in a row . ETH's price in October fell by approximately 9.7%. The October 21 rally was mainly fueled by $43 million of short liquidations and following the rise of the stock market, rather than by purchases of ETH ETF shares. Although staking is at a record level (43.8 million ETH in Q3),despite declining yield on holdings. Bitmine has accumulated almost 5% of the supply and continues to buy.