Crypto Capital Venture's call on ETH for October 29, 2026: where the author expects the price to go and which levels matter. Other bloggers' calls are added here during the day. This is the author's opinion, not investment advice.
Ethereum may be set for a drop to $2,000 by early November if the bulls fail to push above the 20-day moving average resistance, says the host of Crypto Capital Venture.
At present, the analyst sees Ethereum in an accumulation phase but facing significant resistance from the same 20-day moving average. If buyers fail to overcome it, the price could fall to $2,000 over the next few weeks. There is caution in the broader market as well, with Bitcoin remaining below its 20- and 50-day moving averages, adding further downside pressure.
The analyst cautions that unexpected macro developments, such as the FOMC meeting or upcoming elections, could trigger a more severe correction and increased volatility in crypto assets, reminiscent of the pre-pandemic market. On the other hand, a break above the 20-day moving average could allow an inverted head-and-shoulders pattern to form in Ethereum and invalidate the bearish outlook.
This article reflects the channel authors’ opinions and is not investment advice.
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