FX.co ★ sandra75 | #Ethereum chart analysis

Hello everyone! Ethereum is showing a dead-cat bounce, which is capped, runs up against 2,500–2,548 and is pulling back to 2,440. The main short target is 2,440, the alternative 2,376–2,400 (the zone where selling stalled for several consecutive days). The short scenario is invalidated by a daily close above 2,548: that would open 2,781. 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. US spot ETFs on ETH lost about $1.08 billion in October, this is 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 Institutional investors have withdrawn funds for 15 sessions in a row . The ETH price declined in October by approximately 9.7%. The rise on October 21 was mainly fueled by $43 million of short liquidations and following the rise of the stock market, not by purchases of ETH ETF shares. Although staking is at a record level (43.8 million ETH in Q3),despite declining yield for holders. Bitmine has accumulated almost 5% of the supply and continues to buy.