Ethereum (ETH) Price: ETH Holds Near $2,500 as Whales Add 166,000 ETH Over 72 Hours
Photo: CoinCentral
TLDR Ethereum is trading around $2,502 on Oct. 11, holding above its rising trendline from the June low. U.S. spot Ether ETFs lost $56.1 million on Oct. 9, their ninth straight day of net outflows. The RSI sits at 40.85 and the MACD remains bearish, showing weak short-term momentum. Key support is at $2,450-$2,500, with resistance at $2,650-$2,750. Analyst Crypto Patel targets $5,000-$10,000 for ETH and watches $2,100-$1,800 as his next accumulation zone. Ethereum is trading around $2,502 on the Oct. 11 Binance daily chart. Price opened near $2,503.85, reached about $2,508.31, dipped to $2,497.12, and closed almost flat.
Source: CoinCentral
