ETH is sliding into the lower Bollinger Band with retail crowded long and sell-flow quietly dominating the tape — the next 7 days will either confirm a flush toward $2,511 or ignite a recovery towa...

ETH entered October with something to prove. According to CryptoCompass, price was hovering around $2,695 just days ago, with $2,775–$2,800 flagged as "the main barrier standing between ETH and a possible move toward $3,000." Today, that analysis looks prescient — but not in a good way. ETH has since slid to $2,617.33, down nearly 3% on the session, printing a 24-hour low of $2,591.71 that left it dangling less than $30 above immediate support. This isn't constructive consolidation. This is a market where sellers are leaning and buyers are hiding.

The broader backdrop matters here too. Macro conditions — particularly softer PCE data flagged by FXEmpire analyst Alejandro Arrieche — still carry bullish optionality for risk assets, but that macro tailwind means nothing if ETH can't hold structural support in the near term. For ongoing coverage of regulatory and on-chain catalysts shaping Ethereum's price environment, traders have been watching Blockchain.news.

Stop reading the RSI at 49.50 as neutral and moving on. In a downtrend, mid-range RSI means sellers don't need to overextend — they just need to keep leaning. The MACD histogram sitting at zero is equally revealing: bulls attempted a recovery, couldn't sustain it, and now the histogram has gone dead flat. That's not balance; that's exhaustion wearing a poker face.

Hourly candlesticks (about 96 bars), same endpoint as our cryptocurrency price pages.

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