🚀 Ethereum
🔎 What’s the current situation?
ETH is cooling off after a strong rally that pushed it to the $4,230–$4,250 range, where it faced two rejections so far.
📊 Technical Analysis
1️⃣ Bigger Picture (Daily Chart)
In the attached daily chart, ETH continues to move within a descending channel since reaching its all-time high near $4,950 (Aug 2025). This keeps the overall daily outlook leaning bearish until we see a confirmed breakout from that channel.
2️⃣ Short-Term View (4H Chart)
The 4H chart highlights two key zones based on the last run from the lower to the upper trendline (roughly Sept 26 – Oct 6).
If ETH repeats a similar pattern, the move could take it toward the upper trendline around Nov 2–3, potentially topping in the $4,500–$4,600 range.
🔁 Structure
We’re now experiencing a similar pause in momentum—almost identical to the previous setup. A decisive break above $4,250 in the coming days would confirm strength and could trigger the next leg of the move.
⚙️ Key Macroeconomic Factors to Watch
📉 Federal Reserve Rate Decision (Oct 28)
Markets widely expect a 25 bps rate cut. Rate cuts often boost liquidity and investor appetite for risk assets — crypto included. If confirmed, it could act as a catalyst for ETH’s next push upward.
🇺🇸🇨🇳 US–China Trade Negotiations
A successful deal could lift global risk sentiment and support markets across the board. However, a breakdown or delay in talks could have the opposite effect — increasing caution and reducing risk-taking appetite.
🌱 Final Thought
Ethereum appears to be entering a zone where technicals and fundamentals could align for a move — but confirmation is key. Keep an eye on $4,250 as the immediate trigger level, and $4,500–$4,600 as the potential upper boundary.