Ethereum at $2,530: $2,560–$2,575 resistance caps rebound
- —Ethereum near $2,530, below its 20-day ($2,640) and 50-day ($2,558) averages
- —US spot ETH ETFs saw $542.2 million in net outflows during Oct. 5–9
- —Nine consecutive outflow sessions from Sep. 29 to Oct. 9 totaled $697.4 million
- —Large liquidation clusters sit above price at $2,585, $2,635–$2,640 and $2,740
Why it matters: A close above $2,575 could open the way to $2,700, while weak ETF demand and seller pressure at $2,560–$2,640 risk a slide back to $2,500.
Source: crypto.news