Ethereum (ETH/USD) Price Prediction Today Leans Lower

Daily outlook Bearish bias Nov 6, 2026, 07:51 UTC

Marcus ReedTechnical Analysis Lead · ForexR analyst

ETH/USD last prints at 2217.48 in the London session, down 0.79% on the day, with daily, H4 and H1 trends all down between S1 at 2146.42 and the daily pivot at 2290.46.

Where Ethereum (ETH/USD) stands now

Ethereum (ETH/USD) last prints at 2217.48 in the London session, down 17.67 or 0.79% on the day. The previous close is 2235.15 and the day opened at 2235.15. Price sits between S1 at 2146.42 and the daily pivot at 2290.46. Daily, H4 and H1 trends all point down. Nearest resistance is the daily pivot at 2290.46, 72.98 away. Nearest support is the previous day low at 2202.27, 15.21 away.

The day high is 2246.05 and the day low is 2210.56. The day's range is 35.49, which is 35% of the 14-period ATR at 102.16. The live Ethereum (ETH/USD) rate remains inside that day range while London continues. New York joins at 12:00 UTC.

Yesterday's close was 2234.61. Yesterday's high was 2434.5 and yesterday's low was 2202.27, a 232.23 range.

Trend and momentum

The daily trend is down. Price is below the daily 20-period EMA at 2343.56, the daily 50-period EMA at 2401.64 and the daily 200-period EMA at 2314.4. Daily RSI is 39.5.

The H4 trend is down. The H4 20-period EMA is at 2300.02 and the H4 50-period EMA is at 2304.08. The H1 trend is down. The H1 20-period EMA is at 2262.82 and the H1 50-period EMA is at 2300.63.

Daily, H4 and H1 agree; the windows are not in conflict. Over five days the pair is down 1.56%. Over 20 days it is down 8.37%.

Levels that matter

Nearest resistance is the daily pivot at 2290.46. Nearest support is the previous day low at 2202.27. The daily pivot is 2290.46. R1 is at 2378.65, R2 at 2522.69 and R3 at 2610.88. S1 is at 2146.42, S2 at 2058.23 and S3 at 1914.19. Last remains below R1 at 2378.65 and above S1 at 2146.42. A compact walk-through of how pivot points work maps those names onto the same ladder.

The previous day high is 2434.5 and the previous day low is 2202.27. The five-day high is 2448.26 and the five-day low is 2202.27. The 20-day high is 2524.38 and the 20-day low is 2170.03.

Round numbers sit at 2200 below last and at 2250 above it.

Bullish scenario and bearish scenario

A break above R1 at 2378.65 would open the way to R2 at 2522.69, 144.04 from trigger to target. A move back below the daily pivot at 2290.46 would invalidate that view.

If price breaks below S1 at 2146.42, S2 at 2058.23 is the mapped target, 88.19 from that trigger. A recovery back above the daily pivot at 2290.46 would invalidate that path.

What could move it today

Today's US calendar is clustered after the London window is already open. New York joins at 12:00 UTC. The economic calendar times the prints in UTC as follows:

• Today, 09:30 UTC: Fed's Williams speech (medium impact).
• Today, 13:30 UTC: Labor Force Participation Rate (previous 61.8); Nonfarm Payrolls (previous 29, estimate 65); Average Hourly Earnings (MoM) (previous 0.1, estimate 0.3); Average Hourly Earnings (YoY) (previous 3, estimate 2.9); Unemployment Rate (previous 4.2, estimate 4.2); U6 Underemployment Rate (previous 7.6).
• Today, 15:00 UTC: Michigan Consumer Sentiment Index (previous 48, estimate 48); Michigan Consumer Expectations Index (previous 48.8); UoM 1-year Consumer Inflation Expectations (previous 4.7); UoM 5-year Consumer Inflation Expectation (previous 3.5).
• Today, 17:15 UTC: Fed's Bowman speech (medium impact).

Crypto news has focused on Ethereum's decline. Tokenpost has reported mixed readings on US Ether ETF flows.

The opportunity read on news sentiment is -42, a bearish reading. An alert on the same measure notes the opportunity read moved from 44 to -47 in 24 hours.

Bottom line

ETH/USD last prints at 2217.48 in London, down 0.79% on the day, between S1 at 2146.42 and the daily pivot at 2290.46, with daily, H4 and H1 trends aligned down. The previous day low at 2202.27 is the nearest support and the daily pivot at 2290.46 is the nearest resistance. The mapped paths run through R1 at 2378.65 toward R2 at 2522.69, or through S1 at 2146.42 toward S2 at 2058.23, each invalidated through the daily pivot at 2290.46.