Will the price of Ethereum be above $2,300 on October 27?

Analysis

Ether was trading at $2,337 on Binance spot at 3:25 p.m. ET on Saturday, Oct. 24, after sliding below $2,300 earlier in the day. Reports put the dip at roughly $2,298 around 11:19 a.m. ET, and Binance's own 24-hour low was $2,280.55. Buyers stepped in, and that bounce is the main reason the forecast leans toward Ether finishing above $2,300 at noon ET on Tuesday, Oct. 27. The cushion is thin. It is only a few dozen dollars of room, with under three days to go, and the 24-hour move was still down more than 2%. Daily RSI was reported at 37.18 with a negative MACD, so sellers still hold short-term momentum. One analyst, Ted Pillows, said a daily close below $2,350 could send ETH toward $2,200 to $2,250. There are a few supports. Santiment reported about 169,770 coins leaving exchanges on net, the biggest outflow day in over four months, a pattern last seen before June's rebound. U.S. spot Ether ETFs also saw $4.4 million of inflows on Oct. 23, though they have bled $1.18 billion in October. The offsets are real. A Fed meeting is set for Oct. 27 and 28, an options expiry is due Oct. 30, and a reported $340 million of leveraged longs were liquidated in the latest drop. Watch the $2,300 floor. It has been defended twice in a month, and a clean break that holds would change the picture fast.