ฮ ETHEREUM โ October 26, 2026
๐ Price: ~$2,300โ2,335
๐ 24 hours: -1.1โ2.6%, ETH fell below $2,300 amid an Ethereum Foundation sell-off
โ๏ธ Trigger: The Foundation sold 2,800 ETH ($6 million) via CoW Swap + Glamsterdam postponed
๐ WHAT MATTERS
โข ETH ETFs: +$4.4 million on October 23, but -$221 million for the week and -$1.18 billion for October
โข Ethereum Foundation sold 2,800 ETH ($6 million) โ triggering panic
โข Glamsterdam: Hoodi testnet postponed indefinitely due to security issues
โข Liquidations: below $2,239 โ $580 million in longs; above $2,464 โ $526 million in shorts
โ๏ธ LEVELS
๐ข Support: $2,300 โ $2,239 (liquidation zone) โ $2,000 (psychological level)
๐ด Resistance: $2,342โ2,371 โ $2,464 โ $2,500
๐ฌ SENTIMENT
ETH is under pressure from a triple blow: Foundation sales, a delayed upgrade, and the October 28 FOMC meeting (pause ~90%). The price is below the 100-day MA and leaning on 200-day support at $2,320. A break below $2,300 would accelerate the decline toward $2,239; a move back above $2,371 would signal a recovery.
โ ๏ธ RISKS
โข $2,239 is a liquidation zone for $580 million in longs
โข Glamsterdam postponed โ a blow to the institutional narrative
โข ETF outflows: $1.18 billion in October โ the worst month since January
โข FOMC on October 28 โ a pause is priced in; a hawkish tone would weigh on ETH
โ ๏ธ Not financial advice. The crypto market is high-risk.
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