Ethereum price prediction: What’s next as $ETH stalls near $2700? - AMB Crypto

🚀 Ethereum [ETH] bounced back to $2.6K, recovering 12% from $2.3K to $2.6K. At press time, ETH faced resistance below $2,700.

📊 Ethereum price outlook: Since October 9th, ETH saw increased capital inflows, shown by the rising Chaikin Money Flow. However, inflows eased recently, possibly slowing ETH’s climb above the supply zone and trendline resistance.

⚠️ The roadblock at $2.7K could trigger a rejection, pushing ETH toward the 50-day EMA at $2.5K. But if Bitcoin extends its bullish streak, ETH could rise 8% to $2.9K.

💡 Options data suggests ETH might not break $3K in October, with only a 6% chance. However, post-U.S. elections, chances rise to 21% by November 8th due to potential regulatory impacts on DeFi.

📈 Despite 220K ETH Open Interest added on Binance, high leverage increases liquidation risks if ETH drops. Key levels to watch are support at $2.3K, the 50-day EMA, and the $2.7K roadblock.