How could today's US CPI release impact Ethereum (ETH/USD)?

The US CPI releases at 13:30 UTC may cause US dollar volatility, which can directly shift ETH/USD price action relative to pivot levels like S1 at 2089.17 and R1 at 2166.3.

What technical levels dictate the ETH/USD bias today?

The daily pivot at 2123.33 acts as the invalidation level for both trading scenarios. A break below S1 support at 2089.17 exposes S2 at 2046.2, while a break above R1 resistance at 2166.3 targets R2 at 2200.46.

What is the current trend structure for Ethereum (ETH/USD)?

Ethereum is in a downward trend across the daily, H4, and H1 timeframes, with price staying below key exponential moving averages on all three horizons and daily RSI holding at 33.8.

Ethereum (ETH/USD) Forecast Today

Daily outlook Bearish bias Nov 10, 2026, 07:04 UTC

Marcus ReedTechnical Analysis Lead · ForexR analyst

Ethereum (ETH/USD) trades down 0.69% on the day at 2117.62, positioned between the daily pivot at 2123.33 and S1 support at 2089.17 with downward momentum aligned across all timeframes.

Dark sculpted sphere outlined by subtle coloured light

Price2,117.62

Day change-0.69%

Day range2,107.31 - 2,133.44

ATR (14)96.06

Resistance	Level	Support	Level
R3	2,243.43	S1	2,089.17
R2	2,200.46	S2	2,046.20
R1	2,166.30	S3	2,012.04
Previous day high	2,157.48	Previous day low	2,080.35
20-day high	2,524.38	20-day low	2,080.35
Daily pivot 2,123.33. Data as of 2026-11-10 07:03 UTC; price from a live feed, levels computed from the previous completed daily bar.

Ethereum (ETH/USD) 1-hour chart with the daily pivot at 2,123.33, R1 2,166.30, R2 2,200.46, S1 2,089.17, S2 2,046.20 and the bullish and bearish scenario paths — Ethereum (ETH/USD), 1-hour candles with the daily pivot levels, the range between nearest support and resistance, and both scenario paths. Data as of 2026-11-10 07:03 UTC.

Ethereum (ETH/USD) Current Price Action and Volatility

Ethereum (ETH/USD) trades at 2117.62 during the London session, down 0.69% or 14.75 dollars on the day after opening at 2132.37. Intraday price action has established a day low at 2107.31 and a day high at 2133.44.

This intraday trading range of 26.13 dollars covers roughly 27% of its 14-day Average True Range (ATR), which currently stands at 96.06 dollars. Traders comparing daily movement against volatility baselines can review our guide on ATR and volatility.

Trend Alignment and Momentum Signals

Trend structures remain uniformly aligned to the downside across daily, four-hour, and hourly horizons. On the daily timeframe, ETH/USD trades below its 20-day exponential moving average (EMA) of 2288.65, its 50-day EMA of 2368.91, and its 200-day EMA of 2307.48, maintaining an overall daily down state.

The H4 timeframe reinforces this downward posture, with the H4 trend down as price holds below the 20-period EMA of 2174.69 and the 50-period EMA of 2227.87. On the H1 timeframe, the trend is likewise down, staying below the H1 20-period EMA of 2125.09 and the H1 50-period EMA of 2151.78. Daily momentum reflects this technical weakness, with the 14-day Relative Strength Index (RSI) sitting at 33.8.

Key Technical Support and Resistance Levels

Price currently sits between S1 support at 2089.17 and the daily pivot at 2123.33. You can review how daily levels are constructed on our pivot point calculator page.

The nearest overhead resistance is the daily pivot at 2123.33, located 5.71 dollars above current price. The nearest support level is S1 at 2089.17, located 28.45 dollars below current price. Beyond these immediate markers, additional overhead pivot resistance rests at R1 at 2166.3, R2 at 2200.46, and R3 at 2243.43. Below immediate support, lower floor levels reside at S2 at 2046.2 and S3 at 2012.04.

Previous session parameters provide key context: yesterday's high recorded at 2157.48, yesterday's low print was 2080.35, and yesterday's close settled at 2132.15. Across multi-day boundaries, the 5-day range spans a high of 2434.5 and a low of 2080.35. The 20-day range carries a high of 2524.38 and a low of 2080.35. Psychological round numbers frame the immediate area, with 2100 resting directly below price action and 2150 situated above.

Bullish vs. Bearish Execution Scenarios Today

Conditional scenario paths outline the key technical triggers for today's session:

Bullish Scenario: A break above R1 at 2166.3 would open the way to R2 at 2200.46. A move back below the daily pivot at 2123.33 would invalidate that view.
Bearish Scenario: A break below S1 at 2089.17 would open the way to S2 at 2046.2. A move back above the daily pivot at 2123.33 would invalidate that outlook.

For setting defined position parameters around these levels, our risk and reward calculator provides standard framework options.

Macro Catalysts and News Flow Drivers Today

Several scheduled US economic releases and central bank speeches may influence US dollar liquidity and crypto valuations today. At 09:00 UTC, Fed Governor Waller is scheduled to speak. Later at 13:15 UTC, the US ADP Employment Change 4-week average prints, following a previous figure of 16.8.

High-impact US CPI inflation data arrives at 13:30 UTC. The US Consumer Price Index (MoM) estimate is 0.3% against a previous 0.6%, while the CPI (YoY) estimate sits at 3.9% versus 3.7% previously. The CPI ex Food & Energy (MoM) estimate is 0.2% compared to 0.3% previously, and the CPI ex Food & Energy (YoY) estimate is 2.8% against a previous 2.6%. Later, Fed Governor Bowman speaks at 20:30 UTC, with further central bank remarks from Fed's Paulson and Bowman scheduled at 23:30 UTC.

In news coverage, reporting from Crypto Briefing, Tokenpost, and Crypto news highlights themes surrounding spot ETF outflows alongside network protocol updates. Independent news sentiment monitoring indicates an opportunity reading score of -34, reflecting a bearish media mood.

Ethereum (ETH/USD) Bottom Line

ETH/USD remains firmly in a downward trend, with daily, H4, and H1 timeframes all pointing lower. Price sits between the daily pivot at 2123.33 and S1 support at 2089.17, placing immediate focus on whether S1 holds or breaks toward S2 at 2046.2. Key US CPI data arriving at 13:30 UTC presents significant event risk as New York joins the session.