Ethereum trades at $2,245.75 on October 31, sitting beneath every short- and medium-term moving average and below the $2,313 lower bound that 24/7 Wall St. projected for the month-end close. Moment...

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When Sam Daodu at 24/7 Wall St. published his ETH outlook on October 24, he set a month-end range of $2,313 to $2,548, explicitly ruling out a return to ETH's $2,684 October opening price. The two drivers he cited were ongoing ETF sell-offs and the absence of a confirmed launch date for the Glamsterdam network upgrade. Seven days later, Ethereum is trading at $2,245.75 on Binance spot — not just below the midpoint of that range, but beneath its floor.

The 24-hour picture offers little immediate relief. ETH slipped 0.32% over the session, with intraday action confined to a range of $2,208.40 to $2,262.49, and Binance spot volume of approximately $630 million in the same window.

The price structure across multiple timeframes reads in one direction. ETH's 7-day SMA sits at $2,301.27, the 20-day at $2,381.04, and the 50-day at $2,522.04 — every one above the current print, forming a descending stack that characterises a downtrend. The 12-day EMA at $2,332.91 and 26-day EMA at $2,404.10 reinforce the same picture. The only moving average below the market is the 200-day SMA at $2,159.37, which provides a longer-term reference level if selling pressure deepens.

The distance between the current price and the 200-day SMA is approximately $86.

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