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Ethereum risks dropping to $2,000 if it stays below $2,385 amid rising exchange balances.

Technical Signals
29 Oct 2026, 20:20 WIB
Tokenpost
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Bearish
Ethereum risks dropping to $2,000 if it stays below $2,385 amid rising exchange balances.

Ethereum (ETH) traded around $2,349 on Binance, with analyst Ali Martinez warning that if ETH remains below $2,385 and exchange balances stay high, it could drop to $2,000. Large holders decreased their positions by about 160,000 ETH, while exchange balances increased by roughly 100,000 ETH, signaling potential selling pressure. Martinez identified $2,385 as a key support level and suggested that sustained selling could push prices toward $2,000, though no specific timeline was given. Recent data also showed significant ETH outflows from exchanges earlier in the month, but these movements alone do not confirm selling or predict exact price changes.

Ethereum trades at Rp42.761.879 on Pluang, showing a 0.82% increase in the last day. As of Oct 30, 2026 00:31 WIB, the platform sees a balanced order activity with 55% sell and 45% buy, and typical hold time is 108 days.

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