{"id":31568,"date":"2026-10-30T15:30:40","date_gmt":"2026-10-30T15:30:40","guid":{"rendered":"https:\/\/moneyinsiderzone.com\/?p=31568"},"modified":"2026-10-30T15:30:40","modified_gmt":"2026-10-30T15:30:40","slug":"ethereum-price-breaks-2200-amid-binance-hack-is-a-crash-to-2100-next","status":"publish","type":"post","link":"https:\/\/moneyinsiderzone.com\/?p=31568","title":{"rendered":"Ethereum price breaks $2,200 amid Binance hack: is a crash to $2,100 next?"},"content":{"rendered":"
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Ethereum dropped below $2,200 on Friday, losing nearly 3% as investors assessed persistent US inflation and the prospect of another Federal Reserve rate increase.<\/p>\n

September\u2019s Personal Consumption Expenditures Price Index <\/a>rose 0.5% month over month and 3.6% year over year. <\/p>\n

Core PCE, which excludes food and energy, increased 0.3% monthly and 3.1% annually, also in line with expectations.<\/p>\n

Following the release, CME FedWatch figures showed an approximately 80% probability of a rate hike at the Fed\u2019s December meeting.<\/p>\n

The data followed Fed’s Wednesday\u2019s 10\u20132 decision to hold interest rates unchanged<\/a>. The combination left investors facing the prospect of restrictive policy continuing despite the October pause.<\/p>\n

Futures selling pressure persists despite positive funding<\/h2>\n

CryptoQuant data shows continued sell-side pressure<\/a> in Ethereum\u2019s Binance perpetual futures market.<\/p>\n

The 30-day moving average of ETH Net Taker Volume reached a four-month low of approximately negative $166.6 million on October 16 before improving to negative $117.3 million on Wednesday.<\/p>\n

The indicator measures the difference between aggressive buying and selling through market orders. Its continued negative reading suggests sellers remain more active, even though the imbalance has narrowed.<\/p>\n

Funding rates have nevertheless stayed positive, meaning longs are paying shorts. That indicates demand for leveraged long exposure but does not establish a long-term bullish outlook.<\/p>\n

Open interest has remained around 12.7 million ETH for much of October following September\u2019s decline, suggesting outstanding exposure has broadly stabilized in token terms.<\/p>\n

US spot Ethereum ETFs recorded $21.4 million in net outflows on Wednesday, and another $105.48 million withdrawn<\/a> on Thursday, extending their withdrawal streak to four sessions.<\/p>\n

The continued redemptions point to subdued demand for those investment products as Ethereum struggles to recover.<\/p>\n

Derivatives traders also experienced substantial forced closures. ETH liquidations totaled $360.5 million<\/a> over the last 24 hours, with longs accounting for $305 million\u2014approximately 84.7% of the total.<\/p>\n

The concentration of losses among bullish positions highlights how the decline caught leveraged traders expecting a rebound.<\/p>\n

The bearish trend was also escalated by Binance\u2019s hack, with the attackers draining roughly $6 billion from the cryptocurrency exchange.<\/p>\n

Ethereum trades below all four key moving averages<\/h2>\n

ETH\u2019s daily technical structure remains bearish, with price below its 20-day, 50-day, 100-day and 200-day Exponential Moving Averages.<\/p>\n

The 200-day EMA near $2,310 is the first important level buyers need to recover. Above it, resistance sits at $2,355 and the 100-day EMA is around $2,360.<\/p>\n

The 20-day EMA at $2,409 and the 50-day EMA near $2,443 create further obstacles to a sustained recovery.<\/p>\n

On the downside, immediate support lies around $2,200. This support level was briefly broken but price has rebounded almost instantly.<\/p>\n

A daily candle close below that level could bring $2,107 into focus, followed by deeper technical floors at $1,972 and $1,854.<\/p>\n

<\/figure>\n

The Relative Strength Index stands at 29, below the conventional oversold threshold of 30. The Stochastic Oscillator reads 14, placing it in oversold territory.<\/p>\n

These readings suggest selling momentum is stretched, but neither confirms that a reversal has begun.<\/p>\n

Holding support near $2,205 and reclaiming the 200-day EMA would provide initial evidence of stabilization. <\/p>\n

Until then, negative futures order flow and persistent ETF withdrawals leave the recovery outlook cautious.<\/p>\n

The post Ethereum price breaks $2,200 amid Binance hack: is a crash to $2,100 next?<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Ethereum dropped below $2,200 on Friday, losing nearly 3% as investors assessed persistent US inflation and the prospect of another Federal Reserve rate increase. September\u2019s Personal Consumption Expenditures Price Index rose 0.5% month over month and 3.6% year over year. Core PCE, which excludes food and energy, increased 0.3% monthly and 3.1% annually, also in […]<\/p>\n","protected":false},"author":1,"featured_media":31569,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[],"class_list":["post-31568","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=\/wp\/v2\/posts\/31568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31568"}],"version-history":[{"count":0,"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=\/wp\/v2\/posts\/31568\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=\/wp\/v2\/media\/31569"}],"wp:attachment":[{"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}