Loading…
Published 31 Oct 2026, 20:30 UTC · fetched 31 Oct 2026, 21:15 UTC
Michaël van de Poppe
@CryptoMichNL
Quoting · 22 Oct 2026, 21:01 UTC · context given to the AI
#Ethereum is at an interesting spot. There are multiple levels that this could hold onto. The most obvious and best entry zone is beneath the recent low, of course. I'd be max bidding everything beneath $2,300 as then I think that we'll reverse quite quickly. From a trading standpoint, it's also at a level of support as we speak for some scalp trades. What's next after this correction? Indeed, new highs.$ETH has reached the area where you'd want to be max bidding. It has taken out all of the lows since the breakout in August. Literally all of them. That means: it's going to reverse back upwards from here, or we'll fall <$1,850. As there's just been a massive hack in the industry and prices remain resilient + problem is solved, it's quite hard to expect that we'll be seeing the crash towards <$1,850. Why am I saying that? You forget the midterms! Yeah, by now, and that's probably what you're seeing in indices and other assets: everyone has already priced in the fact that the Democrats will win these. Most likely that's why there's not much more downwards pressure going to happen. Other than that, looking at a flip of $2,300 would be incredibly bullish.View original on X ↗
Deterministic: the same prices and policy always give the same result
unscored Awaiting manual review
Only the end-of-horizon price counts. A brief move followed by a reversal is not a success. Read the methodology
Uses only text available at publication time
Think the interpretation or outcome is wrong? Sign in with X to request a correction, so reviewers know who is asking.
Sign in to request a correction