Latest Ethereum Market Analysis

First, congratulations to everyone in the livestream on successfully taking profits.
ETH resistance above: 2,440–2,470 (descending trendline + near-term resistance); only after a breakout will it face the dense moving-average resistance zone at 2,500–2,560.
Short-term support is 2,360, with key support at 2,310–2,290. This is a Fibonacci confluence zone that has been tested and rebounded from several times recently, and is currently the “fig leaf” marking the divide between bulls and bears. If the daily close decisively breaks below it, the first downside target is 2,320–2,330; deeper structural support is the 2,140–2,150 zone around the 200-day SMA.‌Technical indicators show “the downtrend is slowing, but has not yet reversed.” The 14-day RSI is between 36 and 39, nearing oversold but not in extreme territory; the MACD histogram has returned to zero, signaling that downside momentum is fading rather than bulls taking over. The November midterm elections are coming up soon, so everyone should be very cautious with trades and be sure to use stop-losses$ETH $BTC