Six Days of Losses Leave Ether 5% Under the $2,360 Ceiling Bulls Need

Ether extended its losing streak this week, slipping again as recession worries and heavy selling by large holders kept pressure on the second-largest cryptocurrency. The drop leaves ETH stuck beneath its key trend lines, with momentum readings flirting with oversold territory. Traders now want to know whether that stretched condition sparks a relief bounce, or whether sellers keep control and drag the token toward deeper support. Ether traded near $2,232.62 at 8:15 a.m. ET on Oct. 30, down $88.20 from the prior day's $2,320.82. That works out to a drop of about 3.8% in a single session.

Source: Crypto Daily