Ethereum edges higher, but trend remains weak
BROBROK News · Based on reporting by DiarioBitcoin ·
ETH rose 0.40% to $2,250.61, but the move came on volume well below average and without reclaiming key short- and medium-term moving averages. The source also points to a possible altcoin-to-ETH conversion flow, though the available data does not confirm it drove the gain.
Key points
- ETH gained 0.40% to $2,250.61
- Daily volume was 62.80% below the 30-day average
- RSI at 32 and MACD remain bearish
- Price is still 54.52% below its all-time high
- The 200-day SMA at $2,157.13 is a key technical reference
Why it matters
For crypto investors, this is a weak rebound within an existing downtrend. Without stronger volume or derivative data, the move does not clearly signal a trend reversal.
Original headline: “Ethereum (ETH) el 31 de octubre de 2026: rebote débil frente a una tendencia bajista”
Read the original on DiarioBitcoin
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.