Altcoins News

Story: ETH Selloff Meets Late Bounce as Volume Climbs and Range Tightens

By Sakamoto Nashi

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Ethereum’s Breakdown and Rebound. The session began with a decisive breakdown from the $3,880 resistance zone, triggering a selloff…

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Broader Market and Macroeconomic Context. The broader financial environment remained risk-off following comments from Federal Reserve Chair…

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Technical Overview: Key Levels to Watch. Ethereum’s latest pattern suggests range-bound trading between $3,730 and $3,880.

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Ethereum’s “Fusaka” Upgrade on the Horizon. Amid market volatility, Ethereum developers confirmed that the highly anticipated “Fusaka” network…

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Institutional Flows and Sentiment Shift. Institutional interest in Ethereum has shown signs of cooling after months of steady inflows.

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Risk Framing and Outlook. For short-term traders, Ethereum’s next move hinges on whether it can decisively reclaim the…

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Ethereum faced another volatile session this week as heavy selling pressure was followed by a modest rebound, narrowing its short-term trading range.

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The session began with a decisive breakdown from the $3,880 resistance zone, triggering a selloff that pushed Ether down to an intraday low of $3,731 — a 5.

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According to CoinDesk Research’s data model, volume peaked at 443,415 during the selloff, roughly 103% above the 24-hour average.

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The broader financial environment remained risk-off following comments from Federal Reserve Chair Jerome Powell during the October 29 FOMC press conference.

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Traditional markets reflected this sentiment, with the S&P 500 closing 0.99% lower at 6,822.34 and the Nasdaq Composite dropping 1.57%. The VIX volatility index rose to 17.

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In the geopolitical landscape, U.S.-China trade talks continued without a breakthrough, keeping investors wary.

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Ethereum’s latest pattern suggests range-bound trading between $3,730 and $3,880. A decisive break above $3,880 could open a path toward $3,920 and potentially $4,000 if momentum…

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Primary Resistance: $3,840–$3,880 (previous breakdown zone)

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Secondary Resistance: $3,760 (recently reclaimed)

The Currency Analytics

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