According to Odaily, Sui Chung, the CEO of CF Benchmarks, has stated in an interview that all regulatory precedents indicate that ETH tokens should be classified as a 'commodity'. This statement comes amidst ongoing discussions about the nature and classification of various cryptocurrencies. Chung's assertion adds to the growing consensus among industry leaders about the status of ETH tokens. His comments are based on existing regulatory precedents, suggesting that the classification of ETH tokens as commodities is not a new concept, but rather a widely accepted view within the industry. However, it is important to note that the classification of cryptocurrencies can vary depending on the jurisdiction and the specific regulatory body involved. Therefore, while Chung's comments provide insight into one perspective, they do not necessarily represent a universally accepted viewpoint. This news highlights the ongoing debate about the nature of cryptocurrencies and their place within the global financial system. As the industry continues to evolve, the classification and regulation of cryptocurrencies like ETH will likely remain a topic of discussion.

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Let's break down the technical analysis step-by-step:
1. Trend Observation
Current Price: 2,420.33 USDT, with a 24-hour range between 2,352.60 and 2,441.64 USDT.
Moving Average (MA) Trend: The price is hovering slightly above the 60-period moving average (2,422.36), showing a tendency to follow this support. If the price consistently stays above the MA, this could suggest a bullish trend. However, if it breaks below, it may be an indicator of a bearish reversal.
2. MACD Analysis
MACD Line: 0.07
Signal Line: 0.07
MACD Histogram: The histogram shows green bars, indicating that the MACD line is above the signal line, which is generally a bullish signal. However, the values are close to 0, suggesting that the trend is weak and could change easily.
Action: Wait for the MACD to move more definitively either up or down, showing a stronger bullish or bearish signal before entering a position.
3. Volume Analysis
Volume: 500.74M USDT (ETH) with declining volume in the latest bars. Lower volume after a price rise could suggest a lack of momentum, implying a potential price reversal. Increased volume typically indicates strong price movement in the direction of the trend.
4. Entry and Exit Points
For a Long Entry:
Entry: If the price crosses and sustains above the 2,441.64 resistance level, confirmed by increased volume and MACD turning more strongly positive.
Take Profit (TP): Set near 2,500 (psychological resistance level), or based on Fibonacci levels (if retracement tools are used).
Stop Loss (SL): Place below the 24-hour low of 2,352.60 to limit downside risks.
For a Short Entry:
Entry: If the price breaks below the 2,352.60 support level with a strong volume spike and negative MACD crossover.
Take Profit (TP): Set near the next major support level around 2,300 or below.
Stop Loss (SL): Place just above the 2,441.64 resistance level.
5. Trade Duration
Short-term: 15m or 1h chart for quick scalp trades with minimal TP/SL.
Mid-term: Use 4h or 1D chart for swing trades with wider TP/SL levels and allow for trend development.
6. Plan A, B, C, D
Plan A (Bullish Scenario): If price breaks above 2,441.64, go long with TP around 2,500 and SL around 2,352.60.
Plan B (Bearish Scenario): If price breaks below 2,352.60, short with TP around 2,300 and SL around 2,441.64.
Plan C (Range-Bound): If the price remains between 2,352.60 and 2,441.64, consider short-term scalping based on smaller price movements between these levels.
Plan D (Exit Signal): If volume diminishes or MACD signals weaken, exit positions early to avoid being caught in false breakouts.
Use these guidelines to structure your trade plans based on how the market develops.

On October 4, it was reported that an Ethereum “whale” has been selling large amounts of the cryptocurrency since late September. In simple terms, a “whale” is a person or entity that owns a large amount of cryptocurrency. In this case, this whale has sold 40,000 ETH (Ethereum) since September 22, which is equivalent to about $101 million. And he still has a considerable amount left: 99,500 ETH, valued at $238 million.
What does this mean to you?

A recent surge in Ethereum (ETH) transfers to exchanges has sparked concerns of a potential market crash. According to crypto expert Ali, nearly $260 million worth of ETH (108,000 units) was deposited to exchanges in just 24 hours. This significant transfer, coupled with ongoing geopolitical tensions, hints at bearish market sentiment.
ETH's technical analysis suggests a breakdown below the crucial $2,400 support level, with potential declines to $2,200 or lower. On-chain metrics from Coinglass indicate mixed sentiment, with a bullish long/short ratio but declining future open interest. As whales and institutions offload their ETH, traders are advised to exercise.
$ETH
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1. Bitcoin ($BTC )
Current Price: US$62,254.46
Last Move: Down almost 6% in the last one week.

Level Support dan Resistance:
Support: US$61.868, US$60.000
Resistance: US$65.292

Analysis: Bitcoin is in a critical position. If it manages to hold the support level at US$61,868, there is a chance to recover the losses and rise above US$65,000. However, if it fails, the risk of a decline towards US$60,000 and increasing selling pressure is greater.

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Ethereum ($ETH )
Current Price: US$2,378