FX.co ★ sandra75 | #Ethereum chart analysis

Hello everyone! Ethereum is showing a dead cat bounce that is capped, stalls at 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 stopped for several consecutive days). The short scenario is invalidated by a daily close above 2,548: then 2,781 opens up. 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, the largest outflow of the year for a month, wiping out September's inflow of $832m. Institutional investors have withdrawn funds for 15 sessions in a row . ETH price fell about 9.7% in October. The rise on October 21 was mainly fueled by $43m of short liquidations and following the rise of the stock market, rather than purchases of ETH ETF shares. Although staking is at a record level (43.8 million ETH in Q3),despite declining yield on the hold. Bitmine has accumulated almost 5% of the supply and continues to buy.