ETHUSD Forecast

Ethereum is trading at $2,231.25, down approximately 1.05% from its daily opening price of $2,255.40. The cryptocurrency has recorded an intraday high of $2,291.25 and a low of $2,170.45, producing a range of $120.80. The latest price remains above the session low, following a substantial intraday decline.

Ethereum's latest decline has brought the bearish sequence into a more advanced stage, with the October 30 chart marking green wave (1) at $2,170.45 and projecting a corrective recovery in green wave (2) before further weakness. This extends the bearish development described in the accessible October 28 report, which anticipated blue wave iii following a corrective rebound. The updated structure now identifies blue waves i and ii, followed by red waves ① and ②, with red ① terminating at the recent low and red ② at the subsequent recovery high. The sharp decline toward $2,170.45 is labeled green (1), while the blue projection anticipates green (2) rising toward the 50.0% Fibonacci retracement near $2,280. A rejection from this region would support another downward leg toward the chart's marked $2,170.45 reference. The immediate bearish scenario is invalidated at $2,389.40, a substantially lower threshold than the $2,523.20 level in the October 28 report. However, the projected recovery and renewed decline remain unconfirmed.

Technical Summary of Ethereum Price for October 30, 2026

• Trend: Bearish, with a corrective rebound projected.
• Current Elliott Wave: Green (1) labeled at the recent low; green (2) projected as a corrective recovery.
• Key Support Levels: $2,170.45.
• Key Resistance Levels: Approximately $2,280 (50.0% Fibonacci); $2,389.40.
• Next Price Target: Corrective rebound toward $2,280, followed by potential renewed downside toward $2,170.45.
• Invalidation Level: $2,389.40.
• Fibonacci Levels: 50.0% retracement near $2,280.

Trader's Question: Is Ethereum preparing for a corrective rebound before another decline?

The 4-hour projection favors a temporary recovery toward the 50.0% Fibonacci level near $2,280, followed by renewed weakness. This sequence remains conditional, with $2,389.40 marking the bearish scenario's invalidation level.

Ethereum (ETH/USD) retains a bearish 4-hour outlook, with the chart showing 2,369.20. Following the completion of wave X/(c) near 2,523.20, the decline formed blue wave i, followed by a corrective rebound toward blue wave ii. As anticipated in our previous analysis dated October 27, 2026, the rebound has developed, bringing price toward the annotated 61.8% Fibonacci retracement near 2,365. The updated projection favors renewed weakness in blue wave iii toward approximately 2,215, with 2,290.40 serving as an intermediate downside reference. The bearish scenario remains valid below 2,523.20, while completion of wave ii and the subsequent decline require confirmation.

Technical Summary of Ethereum Price for October 28, 2026

• Trend: Bearish.
• Current Elliott Wave: Blue i labeled; blue ii corrective rebound and iii decline projected.
• Key Support Levels: 2,290.40; approximately 2,215 projected.
• Key Resistance Levels: Approximately 2,365; 2,523.20.
• Next Price Target: 2,290.40, followed by approximately 2,215.
• Invalidation Level: 2,523.20.
• Fibonacci Levels: 61.8% retracement near 2,365.

Trader's Question: Is Ethereum approaching the end of corrective wave ii?

The rebound has reached the annotated Fibonacci area, but renewed selling pressure is needed to confirm the projected blue wave iii decline.