Price Prediction
Ethereum Technical Analysis Points to Potential $2,807 Target Following Rebound
Ethereum rebounded toward $2,500 after an October 8 selloff, reaching $2,494.04 on Binance on October 9. The decline tested the $2,400 to $2,410 range, setting a lower low than September 19. During this drop, the cumulative volume delta indicator held near negative 4.24 million before improving toward negative 4.08 million. CoinGlass reported Ether liquidations reached $140.05 million over 24 hours, while total crypto liquidations hit $490.82 million. Farside Investors recorded $72.5 million in spot Ether ETF net outflows on October 8. BlackRock’s ETHA accounted for $71.1 million, bringing cumulative October outflows to $578.9 million. Reclaiming resistance could expose a price objective of $2,807.65, about 12.6 percent above $2,494.04. However, renewed selling below $2,400 would refocus attention on $2,360.