Ethereum (ETH/USD) Forecast Today: Slips to Near Daily Lows

Daily outlook Neutral bias Oct 24, 2026, 07:06 UTC

Marcus ReedTechnical Analysis Lead · ForexR analyst

Ethereum trades at 2376.09 in the London session, down 0.35% from the previous close of 2384.45, with a tight daily range of 16.83 dollars. Conflicting trends generate a neutral bias as reports highlight whale selling and ETF outflows.

Current Price Action and Range

Ethereum (ETH/USD) stands at 2376.09, marking a decline of 8.36 dollars or 0.35 percent from the previous close. The day opens at 2384.45, reaches a high of 2385.42 and a low of 2368.59. This range of 16.83 dollars accounts for 18 percent of the 14-day ATR at 94.8 dollars. Price sits between the S1 level at 2350.77 and the daily pivot at 2382.61. The London session is active at 07:01 UTC and runs until New York joins the market at 12:00 UTC.

Trend and Momentum

The daily trend reads as mixed, with price positioned above the 200-period EMA at 2320.43. The H4 chart shows a downtrend with price below the 50-period EMA at 2425.48. The H1 chart also displays a downtrend, with price below the 50-period EMA at 2399.54. The 14-day RSI at 38.5 on the daily chart reflects weakening momentum. The timeframes do not agree on direction.

Levels That Matter

The nearest resistance stands at the daily pivot at 2382.61, 6.52 dollars above current levels. The nearest support is at S1 2350.77, 25.32 dollars lower. The previous day's high was 2414.44 and the low 2349. In the 5-day window the high reached 2524.38 and the low 2349. The 20-day window shows a high of 2739 and a low of 2313.07. Round levels to monitor are 2350 below and 2400 above.

Bullish Scenario and Bearish Scenario

A break above R1 at 2416.21 would open the way to R2 at 2448.05; a move back below the daily pivot at 2382.61 would invalidate it. A break below S1 at 2350.77 would open the way to S2 at 2317.17; a move back above the daily pivot at 2382.61 would invalidate it.

What Could Move Ethereum Today

No releases appear on the calendar for today. Reports from Crypto news and Tokenpost highlight whale selling and ETF outflows as themes in recent coverage. The independent data provider measures the opportunity read at -25, indicating a bearish media mood. This metric reflects the tone of news coverage.

Bottom Line

As the London session develops, Ethereum trades below the daily pivot at 2382.61 with mixed daily trends conflicting against downward pressure on the H4 and H1 charts. The technical signals generate a neutral bias. A break above 2416.21 would target R2 at 2448.05 while a move below 2350.77 would open the path to S2 at 2317.17. Traders can track these levels for potential shifts. Review additional analysis on our site for Ethereum (ETH/USD) at ForexR analysis for Ethereum (ETH/USD). For details on pivot points, see our guide at how pivot points work. The ATR indicator provides further context at ATR and volatility.