Ethereum is trading at $2,405.05 as of October 23, 2026, holding just above its pivot point but beneath every short-term moving average, with a near-zero MACD histogram signalling a momentum pause ...

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Ethereum changed hands at $2,405.05 during the morning session on October 23, a decline of 1.15% over the prior 24 hours on Binance spot. The session range of $2,360.32 to $2,433.03, against a daily ATR(14) of $95.29, suggests activity well within normal volatility bounds — no expansion, no compression. Spot volume on Binance reached $736.3 million in the same window.

The price sits barely $5.58 above the calculated pivot point of $2,399.47, which makes the current level a genuine decision zone rather than a settled trend. Immediate resistance is identified at $2,438.61, with stronger supply layered at $2,472.18. On the downside, $2,365.90 is the first structural reference, followed by $2,326.76 as the strong support floor.

Every short-term average is above spot. The SMA 7 sits at $2,419.75, the EMA 12 at $2,446.66, the EMA 26 at $2,492.69, and the SMA 20 at $2,494.25 — the same level as the Bollinger Band midline. The SMA 50 extends that overhead shelf to $2,550.01. In isolation, price trading beneath a descending stack of near-term averages describes a market that has not yet reclaimed short-term trend structure.

29, which remains comfortably below spot, leaving a roughly $248 buffer before the longer-term trend baseline comes under question.

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