Ethereum is trading at $2,506.18 on October 11, pinned below its 7-, 20-, and 50-day moving averages with the MACD histogram at exactly zero and Binance taker sell flow outpacing buys by roughly 37...

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ETH sits at $2,506.18 as of October 11, essentially straddling the daily pivot point at $2,506.01 after a muted 0.54% gain within a $2,492.34–$2,519.51 intraday range (Binance spot data). That narrowness has a technical significance: the spot price is sandwiched between immediate support at $2,492.51 and immediate resistance at $2,519.68 — less than $30 of separation — before the chart faces a more decisive test. Strong resistance clusters at $2,533.18; the next defined floor sits at $2,478.84.

The moving average structure is unambiguous about the short-to-medium-term trend. ETH trades below its 7-day SMA ($2,565.26), 20-day SMA ($2,650.08), and 50-day SMA ($2,556.17), with all three stacked above the current price. The EMA 12 ($2,585.01) and EMA 26 ($2,589.19) are nearly converged and similarly overhead, suggesting that intermediate momentum has been drifting sideways rather than recovering. The one structural positive in the picture is the 200-day SMA at $2,134.77 — ETH remains roughly 17% above it, which preserves the longer-term trend context.

1827 on October 11, producing a histogram of exactly zero (Binance spot data). A histogram at zero means bearish momentum has stopped accelerating rather than turned positive; the convergence of the two lines is an inflection, not a crossover.

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