Ethereum (ETH) Price Prediction for October 2 - Utoday Analytics

Ethereum (ETH) has dropped by 6.74% in the past day. On the hourly chart, ETH is close to the support level at $2,442. If the daily bar closes near this point, a decline to the $2,400 zone could occur tomorrow.

On the larger time frame, watch the $2,437 level. If it breaks, the correction may extend to the $2,350-$2,400 range over the next few days.

On the weekly chart, ETH is still distant from key levels. However, if the weekly bar closes near its low, a deeper drop to the $2,200-$2,300 range is possible by the end of the month. Ethereum is trading at $2,450 at press time.