Ah, Ethereum, always the center of attention. It’s wobbling about in the vicinity of some rather pivotal price points, and naturally, analysts are salivating over the possibility of a long-term feast. Everyone’s on edge, waiting to see if the price can stay on its feet, like a tipsy debutante at a ball. 🎩
ETH at Weekly Support Level – Drama Unfolds!
Ethereum is currently test-driving its support level around 0.0325 BTC in the ETH/BTC pair. This number happens to sit comfortably with the 20-week moving average, which has been a rather sturdy cushion for ETH in past cycles. The ever-wise Michaël van de Poppe has lovingly dubbed this the “ideal zone for buys.” Oh, how thrilling! He suggests ETH is just begging to be part of your portfolio. Go on, add it, I dare you.
Ethereum has recently taken a little breather after hitting a local high on its last spurt of energy. But fear not, dear reader, the charts still show a marvelous series of higher highs and higher lows. The RSI (Relative Strength Index for those not in the know) is valiantly holding above 50, and there’s no sign of major change in the trading volume. Van de Poppe, ever the optimist, has wisely stated,
“Corrections don’t last forever.”
Of course, because who doesn’t love a good market correction? 🙄
ETH Support on the USD Pair – Is It Safe to Catch This Falling Knife?
ETH is playing coy around $3,850, down a mere 2% for the day and 3% for the week. How dramatic! Just recently, it bounced off the $3,700 support zone, which, much like a comfy couch at a party, has been its favorite spot for a while.
The insightful Lennaert Snyder remarked,
“$ETH bounced from the $3,700 rangelow. I’m eyeing ~$3,937 for shorts after failure and longs after the gain.”
It’s all about triangles, darling. A symmetrical one has appeared on the ETH/USDT chart, and the asset is precariously sitting at the lower boundary. A breakdown would mean more selling-oh, joy-but a bounce? That could keep ETH in its comfy range, and wouldn’t that be just delightful?
$ETH is so close to breaking down…
Let’s hope for a bounce here.
– Mister Crypto (@misterrcrypto) October 31, 2025
Everyone’s watching, darling. The suspense is palpable. ⏳
Exchange Flows and Futures Activity – The Plot Thickens
In what can only be described as a thrilling twist, over 200,000 ETH were withdrawn from exchanges over a 48-hour period earlier this week. Was it to reduce short-term selling pressure? Or was it just a little internal shuffle between exchange accounts? Only time will tell, and by time, we mean whatever the market gods feel like doing next. ⏳
Meanwhile, on the CME futures market, open interest in ETH futures has hit a record high of 2.25 million contracts. Yes, you heard that right, record high! This could very well indicate that institutional interest in Ethereum is reaching new heights. After all, who doesn’t love a regulated market to spice up their portfolio?
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2025-10-31 20:22