Why is Ethereum moving today?

ETH/USD is down 0.59% on the day at $2,385.73, sitting between S1 at $2,356.77 and the daily pivot at $2,397.39. Trend readings are mixed across the daily, four-hour and hourly charts, and headlines about short liquidations and a new privacy-tech stack are circulating, though none of this is confirmed as the cause of today's move.

What support levels are near ETH/USD right now?

The nearest support is S1 at $2,356.77, $28.96 below the last price, with S2 at $2,313.77 and S3 at $2,273.15 further down the daily pivot ladder. Yesterday's low at $2,354.38 sits just below S1, while yesterday's high at $2,438.00 lines up closely with R1 at $2,440.39.

Are short liquidations affecting Ethereum's price?

Tokenpost reported two separate rounds of forced ether short-position liquidations within the same hour, a topic in today's newsflow. There is no data confirming these liquidations as the demonstrated cause of ether's price moves.

Is there economic data due for Ethereum today?

No items currently appear on the calendar for today. Trading moves into the Asia session next, with London opening at 07:00 UTC.

Why Ethereum (ETH/USD) Is Choppy Near the Daily Pivot

Market news Neutral bias Oct 18, 2026, 22:34 UTC

Marcus ReedTechnical Analysis Lead · ForexR analyst

ETH/USD sits between S1 at $2,356.77 and the daily pivot at $2,397.39 after a 0.59% daily pullback, with daily, four-hour and hourly trends pointing in different directions, keeping the near-term bias neutral.

Dark sculpted sphere outlined by subtle coloured light

Price2,385.73

Day change-0.59%

Day range2,330.94 - 2,425.10

ATR (14)96.80

Resistance	Level	Support	Level
R3	2,524.01	S1	2,356.77
R2	2,481.01	S2	2,313.77
R1	2,440.39	S3	2,273.15
Previous day high	2,438.00	Previous day low	2,354.38
20-day high	2,776.80	20-day low	2,313.07
Daily pivot 2,397.39. Data as of 2026-10-18 22:31 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 2,397.39, R1 2,440.39, R2 2,481.01, S1 2,356.77, S2 2,313.77 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 2026-10-18 22:31 UTC.

ETH/USD Pulls Back Between the Pivot and S1

Ether last traded at $2,385.73, down $14.05 on the day, or 0.59%, against the previous close of $2,399.78. The session ranged from a low of $2,330.94 to a high of $2,425.10, a swing of $94.16 that used up 97% of the 14-day average daily range (ATR) of $96.80. Price is positioned between S1 at $2,356.77 and the daily pivot at $2,397.39, roughly in the middle of that band.

The picture across timeframes is mixed rather than directional. The daily trend reads as mixed with price still above the 200-day EMA at $2,314.83 but below the 20-day EMA at $2,524.12 and the 50-day EMA at $2,488.09. The four-hour trend is down, with the 20-period EMA at $2,412.52 under the 50-period EMA at $2,455.83, while the one-hour trend is mixed, with price sitting close to its 20-period EMA of $2,383.49 and below the 50-period EMA of $2,401.38. The daily RSI(14) is at 37.1. Ether is also down 2.4% over five days and down 11.25% over twenty days. Separately, the opportunity read on Ethereum news coverage, a tone measure distinct from trader positioning, stands at -44, a bearish reading reflecting coverage tone rather than a price forecast.

Short Liquidations and Other Ethereum Headlines

Tokenpost reported two separate rounds of forced ether short-position liquidations within the same hour. Tokenpost also reported ether moving back above the $2,350 round-number level on Binance's spot market. CrowdFundInsider reported that an Ethereum co-founder introduced a new privacy-focused technology stack aimed at AI agents. These are topics currently circulating in the newsflow, not demonstrated reasons for today's price action.

Key Levels on the ETH/USD Chart

The nearest resistance is the daily pivot at $2,397.39, $11.66 above the last price, while the nearest support is S1 at $2,356.77, $28.96 below it. The broader daily ladder runs from S3 at $2,273.15 and S2 at $2,313.77 up through S1, the pivot, R1 at $2,440.39, R2 at $2,481.01 and R3 at $2,524.01. Yesterday's session, which closed at $2,399.78, ran from an open of $2,419.92 to a high of $2,438.00 and a low of $2,354.38, a range of $83.62; that prior-day low sits just under S1, while the prior-day high lines up closely with R1 at $2,440.39. Over the past five days ether has ranged between a high of $2,535.30 and a low of $2,313.07, and over the past twenty days between a high of $2,776.80 and a low of $2,313.07. Readers working out where these levels sit relative to each other can cross-check them with the pivot point calculator.

Two Scenarios for Ether From Here

Bullish: A sustained push through R1 at $2,440.39 would open the door to R2 at $2,481.01, while a slide back under the daily pivot at $2,397.39 would call that breakout into question.
Bearish: Should ether instead break down through S1 at $2,356.77, the path would extend toward S2 at $2,313.77; reclaiming the daily pivot at $2,397.39 would undercut that bearish case.

Either path covers a move of more than $40, well within the current $96.80 ATR; anyone sizing a position around these levels can frame risk and reward with the risk and reward calculator.

What's Next for Ethereum

No scheduled release appears on the calendar for today. Trading now moves into the Asia session, with London set to open at 07:00 UTC. Given the wide swings already seen against the ATR, the ATR and volatility guide is a useful reference for gauging how much of the typical daily range has already been used.

Ether is caught between S1 at $2,356.77 and the daily pivot at $2,397.39, with liquidation and privacy-tech headlines in circulation but trend signals split across the daily, four-hour and hourly charts. That conflict keeps today's setup neutral rather than pointing firmly toward either the bullish or bearish scenario above.