The ETHUSD pair is currently making modest attempts at recovery after its recent decline. The price is approaching a daily high, hovering around $3,886, but remains far from key resistance levels.
The technical setup confirms the pair’s effort to rise again. However, ETHUSD is still below the middle Bollinger band ($4,114), signaling seller dominance. Meanwhile, the Stochastic Oscillator is in neutral territory, suggesting the current trend is uncertain. The Chaikin Oscillator remains negative, indicating continued capital outflows. However, its decline slowed today, coinciding with buyers' attempts to initiate growth. The price position at the bottom of the channel creates a rebound potential towards the midline, especially amid its expansion.
Fundamental factors could have a significant impact on Ethereum's (ETH) performance in the coming days. The Federal Reserve’s (Fed) interest rate meeting on October 28–29 will be the key event in the near term. Investor confidence in future monetary easing could underpin risky assets such as cryptocurrencies, despite the current uncertainty.
Nevertheless, there are several dangers that might limit ETH’s price growth potential. Among them is mounting pressure from long-term holders locking in profits near the $4,000 level. This sets up additional resistance. Another important factor is the general slump in the crypto market, which was driven by heightened macroeconomic concerns and escalating trade tensions. Additionally, the pair’s weakness is attracting attention from institutional investors. Thus, on October 21, there was a significant inflow into ETH ETFs. This could set the stage for a potential recovery.
Consider the following trading strategy:
Buy ETHUSD at the current price or if it approaches $3,690. Take profit 1: $4,114. Take profit 2: $4,290. Stop loss: $3,541.
This forecast remains relevant from October 23 till October 30, 2025.
This content is for informational purposes only and is not intended to be investing advice.
