What are Ethereum's key levels today?

Support at 2,174 and resistance at 2,451 on the 1D chart. A close and hold beyond either edge decides the next move.

Is Ethereum bullish or bearish right now?

The setup is bearish while ETH stays under 2,357: lower highs and lower lows, price at the bottom of the run. This describes the chart as it is now; it is not a prediction or a trade signal.

What would change the Ethereum read?

A close and hold above 2,451 turns it higher; a close and hold below 2,174 turns it lower. Until one gives way the range is the read.

Ethereum (ETH) Price Analysis Today — Trend, Support & Resistance · 8 Nov

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The read

The setup is bearish while ETH stays under 2,357: lower highs and lower lows, price at the bottom of the run.

Backing it: on the daily chart, each peak and each dip has been lower than the last and the weekly chart is down.

Price is under the 50-day average (2,493). It is over the 200-day average (2,157).

The last 5 days are down 0.6%, nearly every high lower than the one before.

Price is 8.6% under 2,451,, the last lower high, and 3.0% over 2,174,, the trend's low.

What kills the setup: a daily close over 2,357, 5.0% away.

If-then

While ETH stays under 2,357 the setup stays bearish; 2,174 is the next line it has to break.

A 1D close above 2,357 ends the downtrend pressing its lows; no tested level above it on this chart — the next round number is 2,500.

A 1D close below 2,174 carries the downtrend past its last low; the next level down is 2,008.

The full picture

ETH has been in a downtrend since Sep 15: its lows have stepped down (2,358, then 2,317, then 2,174), and so have its highs (2,808, then 2,526, then 2,451). Price is 3.0% over the trend's low, 2,174 (Oct 30). The last lower high is 2,451 (Nov 4), 8.6% above price; no daily close has gone over it.

The weekly picture: a weekly downtrend, 55% under the all-time high; on the daily, price is above the 200-day average (2,157), and the 50-day average is above the 200-day average. The daily trend goes the same way as the weekly.

Against BTC: over the last 5 daily candles ETH moved -0.6% and BTC -1.2% — ETH is moving with it.

Sellers have had the daily since Sep 15: each bounce has been sold lower than the last, and no daily close has cleared a lower high.

The rest of the chart backs the downtrend. Price is under the average price buyers have paid since the 1,750 low, 2,355, so those buyers are losing money. Momentum favours the sellers (RSI 40): their closes have been stronger.

What doesn't fit: There is no real trend: neither buyers nor sellers are pushing. The selling is losing force: price made a lower low, but momentum (MACD) did not follow it down. These are the cracks in an otherwise intact downtrend.

Level	Price	From price	Role
Swing high	2,493	+11.4%	swing, read
Read ceiling	2,451	+9.4%	read edge
2-TF resistance	2,444	+9.1%	confluent, fib
Golden pocket	2,357	+5.3%	golden pocket, poc
Fib retracement	2,328	+4.0%	fib
2-TF resistance	2,309	+3.1%	confluent, fib
Resistance	2,275	+1.6%	calendar, sr
Order block	2,246	+0.3%	order block, calendar
3-TF support	2,220	-0.9%	confluent, calendar

Level

Price

From price

Role

Swing high

2,493

+11.4%

swing, read

Read ceiling

2,451

+9.4%

read edge

2-TF resistance

2,444

+9.1%

confluent, fib

Golden pocket

2,357

+5.3%

golden pocket, poc

Fib retracement

2,328

+4.0%

fib

2-TF resistance

2,309

+3.1%

confluent, fib

Resistance

2,275

+1.6%

calendar, sr

Order block

2,246

+0.3%

order block, calendar

3-TF support

2,220

-0.9%

confluent, calendar

Since you last looked

Moving now

Out of their box

Ethereum (ETH) price analysis — daily chart

The read

Why

If-then

Key levels

The full picture

Key levels