Ethereum's price fell below key support levels near $2,450, raising concerns of further declines toward $2,350-$2,400 if $2,408 breaks. Despite a rebound above $2,500, momentum has stalled, and weak demand is reflected in high ETF outflows and declining open interest, signaling liquidation risks. Bitfinex longs have surged to $283,405, showing some traders bet on a rebound, but stretched momentum indicators suggest risk of fresh selling if recovery fails. The critical level to watch for recovery is $2,560, which could restore confidence and reduce downside pressure.
Ethereum price action is the subject, with Pluang market data providing context. For readers following major cryptocurrencies, 35 of 50 rose and 13 fell today. Notable movers include Basic Attention Token at Rp2.844 (+14.74%), Balancer at Rp16.297 (+11.14%), and EOS.IO at Rp12.649 (+8.13%). This snapshot is as of Oct 12, 2026 06:21 WIB.
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