Ethereum is trading near $2,305 on October 27, 2026. The daily candle is down 0.85%, and ETH sits below all four key moving averages. The Fed meets on October 28, and big earnings land this w
Ethereum is trading near $2,305 on October 27, 2026. The daily candle is down 0.85%, and ETH sits below all four key moving averages.
The Fed meets on October 28, and big earnings land this week. Traders look cautious.
ETH topped near $2,780 earlier this month. It has made lower highs since and slipped under its rising trendline.
Derivatives data shows ETH at $2,312, down 0.75%. Market cap is $282.12 billion, and circulating supply is 122.16 million ETH.
U.S. spot ETH ETFs saw $88.58 million in net outflows, per SoSoValue. Fidelity's FETH, from one of the largest U.S. investment firms, led fund inflows with $16.13 million.
The latest daily candle opened at $2,324.55, hit a low of $2,300.84, and sits at $2,304.82.
Level
Price
What It Means
Resistance
$2,500
Next major barrier
Resistance
$2,430 to $2,450
Near the 20-day and 50-day EMA
Resistance
$2,360
First level bulls need to reclaim
Support
$2,300
Current floor
Support
$2,250 to $2,200
Next area if $2,300 breaks
Moving Average
Value
20-day EMA
$2,427.93
50-day EMA
$2,452.95
100-day EMA
$2,361.87
200-day EMA
$2,318.75
The 14-day RSI is near 32, and its signal line is at 37.98. That shows weak momentum and a chance of a short bounce.
Oversold is not a buy signal, though. Price can stay weak for a while.
The Fed target range is 3.75% to 4.00%. Cut odds are 0%.
Outcome
Now
1 Week Ago
1 Month Ago
No change (3.75% to 4.00%)
89.5%
81.2%
35.8%
Hike (4.00% to 4.25%)
10.5%
18.8%
64.2%
Hike fears have faded from a month ago. A 10.5% chance still keeps traders alert.
The index reads 48, which is neutral. Sentiment has cooled from greed.
Period
Score
Mood
Now
48
Neutral
Yesterday
50
Neutral
Last week
55
Greed
Last month
70
Greed
Ansem is bearish on BTC, ETH, and large-cap stocks. He says both coins broke their mid-term timeframe trend. He sees faster downside under $82,000 for BTC and $2,400 for ETH.
He does not expect retail to slow down. He sees a volatile Q4 in both directions, with some on-chain pockets doing well. Headline risk, FOMC, and earnings add pressure.
He calls AI momentum stocks a blowoff top. Mag 7 names are stalling at highs, and the Qs breakout turned into a deviation above the highs. Meta fell after earnings; AI revenue growth looks unclear, and he flags AI models breaking security across the internet. He is not bearish long term and expects a pullback before a move higher.
Merlijn The Trader says retail is scared of ETH at $2,300. He notes Bitfinex whales opened longs at a pace seen only once before, in 2020, before a 12x move. His line: "Let the most hated rally begin." That is his view, and history may not repeat.
Metric
Reading
Open interest
$29.91 billion (+1.18%)
Futures volume (24h)
$29.84 billion
Spot volume (24h)
$1.44 billion
Options volume
$669.97 million (+25.20%)
Options open interest
$5.84 billion (+1.15%)
Binance long/short (accounts)
3.4189
OKX long/short (accounts)
2.75
Binance top traders (accounts)
3.1667
Binance top traders (positions)
1.8044
Most accounts lean long. Top traders hold less long exposure by position size, at 1.80. A long-heavy crowd can fuel more long liquidations on a drop.
Liquidations
Total
Longs
Shorts
24 hours
$22.45 million
$12.25 million
$10.20 million
12 hours
$6.07 million
$3.34 million
$2.73 million
4 hours
$2.30 million
$1.39 million
$915,000
1 hour
$866,600
$111,100
$755,500
The short term still leans bearish. Open interest is high, and the mood is mixed.
Scenario
Trigger
Possible Targets
Bounce
Hold $2,300, then close above $2,360
$2,430 to $2,450, then $2,500
Drop
Daily close below $2,300
$2,250 to $2,200
Nobody knows which way it goes. Watch the Fed decision, earnings, and the $2,300 floor. A clean move above the moving averages would change the tone for Ethereum.
This article is for information only and is not financial, investment, or trading advice. Crypto assets are volatile and carry a high risk of loss. Prices, levels, and forecasts can change quickly and are never guaranteed. Always do your own research before making any decision. Never invest more than you can afford to lose.
