{"id":240928,"date":"2026-10-18T16:39:35","date_gmt":"2026-10-18T16:39:35","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=240928"},"modified":"2026-10-18T16:39:35","modified_gmt":"2026-10-18T16:39:35","slug":"ethereum-price-prediction-is-eths-7-weekly-drop-just-the-start","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=240928","title":{"rendered":"Ethereum Price Prediction: Is ETH\u2019s 7% Weekly Drop Just the Start?"},"content":{"rendered":"

Ethereum is testing a critical support confluence below $2.4K as its correction continues. Buyers have defended the area with several sharp reactions, but persistent lower highs suggest that selling pressure has yet to ease.<\/p>\n

Ethereum Price Analysis: The Daily Chart<\/h2>\n

On the daily timeframe, ETH has declined into the highlighted $2.36K\u2013$2.44K demand zone, where the lower boundary of the broader ascending channel provides additional support. The asset is currently near $2.36K, with recent lower wicks indicating buying interest beneath the consolidation.<\/p>\n

However, these reactions have not produced a sustained recovery. Since losing the channel\u2019s midpoint, ETH has continued to form lower highs, keeping the immediate outlook fragile. Buyers need to reclaim the $2.44K demand boundary and then overcome the recent $2.5K\u2013$2.56K resistance area to demonstrate improving strength.<\/p>\n

Holding the current confluence could support a recovery toward the former consolidation around $2.67K\u2013$2.74K. Conversely, a decisive daily close beneath $2.36K and the ascending channel boundary would weaken the broader recovery structure, increasing the risk of a deeper correction toward $2.2K.<\/p>\n

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ETH\/USDT 4-Hour Chart<\/h2>\n

The 4-hour chart shows Ethereum trading within a descending channel following the sharp early-October selloff. Repeated rebounds have failed to break the upper trendline, while the latest candles are consolidating inside the $2.36K\u2013$2.44K demand zone.<\/p>\n

The descending resistance currently approaches $2.45K\u2013$2.47K, making this the first important obstacle to a recovery. A sustained breakout above both the demand zone\u2019s upper boundary and this trendline would interrupt the immediate bearish structure and could allow a move toward $2.5K\u2013$2.58K.<\/p>\n

Until that occurs, another test of $2.35K remains possible. Losing this support would expose the recent wick lows around $2.32K, followed by the highlighted $2.2K\u2013$2.27K demand zone. The descending channel\u2019s lower boundary also approaches that deeper region, reinforcing its relevance if the correction extends.<\/p>\n

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Sentiment Analysis<\/h2>\n

The one-month ETH liquidation heatmap highlights a substantial estimated liquidation cluster around $2.15K\u2013$2.2K, above the psychological $2K threshold. The band has remained visible across multiple sessions and is particularly bright near the chart\u2019s latest readings, indicating a significant concentration of potential liquidation exposure below the current price.<\/p>\n

This cluster becomes especially relevant if Ethereum loses the $2.36K support zone and its broader ascending structure. Under that scenario, further declines could trigger long liquidations as the price approaches $2.2K, potentially accelerating the move into this liquidity pool.<\/p>\n

Its proximity to the $2.2K\u2013$2.27K technical demand zone adds significance to that broader area. However, the cluster represents potential forced-selling exposure rather than guaranteed support or an inevitable price target. A sustained recovery above nearby resistance would reduce its immediate relevance, while continued structural weakness would keep it in focus.<\/p>\n

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The post Ethereum Price Prediction: Is ETH\u2019s 7% Weekly Drop Just the Start?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum is testing a critical support confluence below $2.4K as its correction continues. Buyers have defended the area with several sharp reactions, but persistent lower highs suggest that selling pressure has yet to ease. Ethereum Price Analysis: The Daily Chart On the daily timeframe, ETH has declined into the highlighted $2.36K\u2013$2.44K demand zone, where the […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-240928","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/240928"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=240928"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/240928\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=240928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=240928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=240928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}