FX.co ★ sandra75 | #Ethereum chart analysis

Hello everyone! Ethereum is showing a dead cat bounce, which is capped, hits 2,500–2,548 and pulls back to 2,440. The main short target is 2,440, the alternative 2,376–2,400 (the zone where selling stalled for several days in a row). The short scenario is invalidated by a daily close above 2,548: then 2,781 opens. Nearest support 2,440–2,444 , the 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, the largest outflow of the year for a month, wiping out September's $832 million inflow. Institutional investors have been withdrawing funds for 15 sessions in a row . ETH price for October fell by about 9.7%. The October 21 rally was mainly fueled by $43 million of short liquidations and following the rise in the stock market, not by purchases of ETH ETF shares. Although staking is at a record high (43.8 million ETH in Q3),despite falling holding yields. Bitmine has accumulated almost 5% of the supply and continues to buy.