Ethereum’s price has remained steady within a narrow range, fluctuating between $2,470 and $2,537 over the last 24 hours. Both oscillators and moving averages are showing neutral-to-bearish signals, indicating a pause in its short-term momentum.
The daily chart for ethereum (ETH) shows a pattern of lower highs and lows, suggesting a bearish trend. However, the steady position around the $2,500 mark could indicate the formation of a potential base. Despite reaching $2,769 earlier in October, low trading volume currently suggests a decrease in selling activity. The relative strength index (RSI) is at a neutral 48.77, indicating that ether is not overbought or oversold. Similarly, the commodity channel index (CCI) at -26.21 and the average directional index (ADX) at 19.15 both indicate limited momentum, reinforcing a quiet market environment. Key support is located between $2,400 and $2,500, while resistance may emerge between $2,700 and $2,750 if bullish pressure gains traction.
On the 4-hour chart, recent minor rebounds lifted ethereum back to the $2,500 level after a dip to $2,380. The Stochastic oscillator, at 31.45, remains neutral, indicating softened momentum and possible indecision in the market. Meanwhile, the moving average convergence divergence (MACD) at 2.10 shows a sell signal, hinting at weak upward movement and advising caution against potential downside. A breakout above $2,525 on the 4-hour timeframe, ideally supported by a volume boost, could lead to a short rally toward the $2,600-$2,620 resistance range, while a stop-loss at $2,450 may help manage risk on a downward move.
The 1-hour chart highlights recent resistance around $2,540, with ethereum facing intermittent selling pressure that suggests potential consolidation. Low volume at this level signals reduced trader commitment, and oscillators reflect similarly mixed momentum. Key support around $2,480 offers short-term stability, while the resistance between $2,540 and $2,550 poses a challenge. An entry at $2,540 with a close stop-loss around $2,480 could capture a minor upswing, with a target in the $2,560-$2,580 range if volume supports a push higher.
Moving averages (MAs) indicate a more bearish outlook across timeframes. The 10, 20, and 30-period exponential moving averages (EMAs) are all positioned below the current price, suggesting sell signals. The longer-term 50 and 100-period EMAs add to downside potential, as does the 200 EMA. This bearish configuration suggests that ethereum faces considerable resistance to upward movement and may remain in consolidation unless it sees a breakout with strong volume support.
In a bullish scenario, a breakout above the $2,550 level on both the 1-hour and 4-hour charts, ideally alongside rising trading volume, would indicate enough momentum to push toward the $2,700 resistance zone. On the other hand, the bearish perspective is supported by multiple sell signals across moving averages, signaling a challenging environment for sustained upward movement. If ethereum cannot hold support near $2,480, it may see a retest of the $2,400 level, encouraging a cautious approach for short-term positions.
