Ethereum

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
The market continues setting new local lows, according to <a href="https://u.today/binance-coin-bnb-price-prediction-for-october-1" rel="noopener noreferrer nofollow">CoinMarketCap</a>. <img data-entity-type="file" data-entity-uuid="ae9a1d0e-b36b-45f3-b5b1-27872fe89e90" src="https://u.today/sites/default/files/inline-images/top10_1391.png">Top coins by<a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow"> CoinMarketCap</a>
<h2 class="text-align-justify" id="eth-usd">ETH/USD</h2>
The rate of Ethereum (ETH) has fallen by 6.74% over the last day. <img data-entity-type="file" data-entity-uuid="9a69da49-f636-449a-80e3-495d4581931a" src="https://u.today/sites/default/files/inline-images/eth1_135.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the price of ETH is near the support of $2,442. If the daily bar closes near that mark, the decline may lead to the test of the $2,400 zone tomorrow. <img data-entity-type="file" data-entity-uuid="76a2034f-3780-46ee-8a0d-431f70b653cb" src="https://u.today/sites/default/files/inline-images/eth2_142.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, one should pay attention to the nearest level of $2,437.&nbsp;
If it breaks out, the correction is likely to continue to the $2,350-$2,400 range within the next few days. <img data-entity-type="file" data-entity-uuid="977d244a-4551-419d-bf58-bcecdd1ad654" src="https://u.today/sites/default/files/inline-images/eth3_131.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the weekly chart, the rate of ETH is far from the main levels. However, if the bar closes near its low, there is a chance to see a more profound drop to the $2,200-$2,300 area until the end of the month.
Ethereum is trading at $2,450 at press time.

Ethereum (ETH) Price Prediction for October 2

Table of Contents

U_Today

Other articles published on Oct 2, 2024

Argentina Seeks El Salvador’s Insight on Bitcoin and Volcano Bonds

Bitcoin miners are struggling as profits hit a record low due to recent halving

Ripple secures in-principle approval from Dubai regulators

14.2 Trillion PEPE Open Interest Offsets 12% Price Fall

Binance Introduces Exclusive Pre-Market Trading for Launchpool Tokens

Jupiter Community Votes to Extend ASR Program for Another Year

Join our free newsletter for daily crypto updates!