Ethereum recently fell below its crucial ascending trendline support near $2,350 after a wallet linked to the Ethereum Foundation sold 2,785 ETH worth about $6.42 million. This price drop coincides with a 56% decline in Ethereum funding rates, signaling a shift toward bearish sentiment in derivatives markets. Meanwhile, ETH exchange reserves dropped to a weekly low, potentially limiting immediate selling supply. The breakdown suggests cautious short-term outlook, with further declines possible if ETH fails to reclaim the $2,350 level.
Ethereum price prediction is the subject, with Pluang market data providing context as of Oct 27, 2026 12:21 WIB. Among 50 major cryptocurrencies on Pluang, 24 rose and 24 fell today. Notable movers include BAL at Rp16.297 with an 11.14% increase, EOS at Rp12.649 up 8.13%, and CAKE at Rp39.022 rising 4.91% with a buy order activity of 65%.
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