Ethereum Market Brief — Conditions Are Critical
Ethereum (ETH) is at a pivotal moment. A recent wave of significant ETF outflows (~$1.4B) and accelerating long-term holder selling triggered a sharp pullback from ~$3,565 to ~$3,060. At the same time, the network is gearing up for its next major upgrade in December (“Fusaka”), which could reshape its trajectory.
But here’s the catch: ETH currently sits inside a vulnerable technical structure. It must reclaim ~$3,653 to shift the narrative bullish. If support around ~$3,060 breaks, it could quickly test deeper levels ~$2,632 or even ~$2,192.
With macro headwinds rising and sentiment weakening, this isn’t a time for complacency. Stay alert to upgrade progress, capital flows, and how the support/resistance battle resolves. More clarity is coming soon. $ETH
