Ether futures experienced a highly volatile start to November, characterized by a sharp mid-month sell-off that erased strong gains made in late October. After peaking above the $4,700 level, the price quickly reversed, plunging toward 3,800 as global market risk sentiment deteriorated following cautious guidance from the U.S. Federal Reserve. The correlation with major tech indices remained a significant factor, leading to amplified selling when the broader equity market pulled back. Despite this volatility, Ether futures stabilized near the $4,000, suggesting that fundamental institutional support prevented a full trend collapse.
Ether futures selling pressure This sustained institutional presence remains the most critical factor in the market. Ether futures volume saw massive growth in October, showing increasing demand from professional and retail traders for regulated products. As shown in the chart, the 50% retracement level and the 200-day moving average are very close to each other and have acted as a support pocket since the breakout above the 200-day moving average in July.
*CME Group futures are not suitable for all investors and involve the risk of loss. Copyright © 2023 CME Group Inc.
**All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience.
Ether futures selling pressure This sustained institutional presence remains the most critical factor in the market. Ether futures volume saw massive growth in October, showing increasing demand from professional and retail traders for regulated products. As shown in the chart, the 50% retracement level and the 200-day moving average are very close to each other and have acted as a support pocket since the breakout above the 200-day moving average in July.
*CME Group futures are not suitable for all investors and involve the risk of loss. Copyright © 2023 CME Group Inc.
**All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience.
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Further details of CME Group's regulatory status and full disclaimer of liability in accordance with applicable law are available here: cmegroup.com/disclaimer.html
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.