Ethereum (ETH) recovered from a dip to $2,324, bouncing back to trade around $2,483 with a 3.3% gain. The price sweep below $2,350 triggered stop-losses but quickly reclaimed support, signaling strength rather than selling pressure. Technical indicators like MACD suggest growing bullish momentum, though the overall trend remains cautious with consolidation around $2,440. If upward momentum continues, ETH could test resistance near $2,500 and potentially rise above $2,584, while a drop below $2,300 may lead to further declines. Traders are watching for confirmation of a trend reversal amid balanced market conditions indicated by the RSI.
Ethereum trades at Rp43.713.801 on Pluang as of Oct 16, 2026 23:21 WIB, showing a modest 0.05% gain over the past day. The platform sees balanced order activity with 50% Sell and 50% Buy, reflecting a cautious market stance consistent with the article's note on consolidation around $2,440. Typical hold time on Pluang is 107 days, indicating that many investors maintain a medium-term view despite recent price swings.
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