Ether Drops for Sixth Straight Day, Struggles Below $2,360 Resistance
Ethereum's price decline continues as it tests key technical levels amid broader market uncertainty.
Ethereum's price decline continues as it tests key technical levels amid broader market uncertainty. Ethereum (ETH) is trading at $2,245.82. This is an original TLT brief based on reporting by Crypto Daily, with live market data added, as of Sat, 31 Oct 2026 13:15:02 UTC.
The $2,360 resistance level is crucial for Ethereum's short-term recovery, while the $1,940 support level could determine if a deeper correction is imminent.
- Ether has fallen for six consecutive days, testing key support levels.
- Current price of $2,245.8 is below both 50-day and 200-day moving averages.
- The $2,360 resistance and $1,940 support levels are critical for ETH's next move.
- Ethereum Staking Hits Record 35.9% of Total Supply Amid Sixth Straight Quarter of Growth
- Ether Drops for Sixth Straight Day, Struggles Below $2,360 Resistance — this brief
- Ethereum Faces Critical Support Test as Price Drops Below $2,250
Ethereum has experienced a sixth consecutive day of price declines, with its current value at $2,245.8, representing a 0.64% increase over the past 24 hours but a 5.10% drop over the last seven days. This downward trend has pushed ETH below both its 50-day and 200-day moving averages, indicating potential weakness in the short term.
The $2,360 price level is emerging as a significant resistance point for Ethereum, as it has struggled to break above this threshold. Conversely, the $1,940 level is seen as a critical support zone that could determine whether the cryptocurrency will face a more severe correction.
The broader cryptocurrency market remains relatively flat, with a total market capitalization of $2.67 trillion. 
Bitcoin, the largest cryptocurrency by market cap, has seen a modest 0.27% increase in the past 24 hours, trading at $37,180. The overall market sentiment, as measured by the Fear & Greed Index, remains in 'Fear' territory at 30, suggesting a cautious outlook among investors.
Ethereum's recent price action is occurring against a backdrop of ongoing macroeconomic uncertainty and regulatory scrutiny in the cryptocurrency space. The cryptocurrency's performance is closely watched by investors as it is often seen as a barometer for the broader altcoin market.
Since this brief published about 5 hours ago, Ethereum (ETH) has moved from $2,245.80 to $2,245.82 — +0.00%.
The chart plots ETH's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 ETH ≈ ₦3.09M (about $2,245.82), up 0.8% over 24 hours. The naira itself trades about 2.1% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Ether Drops for Sixth Straight Day, Struggles Below $2,360 R — questions & answers
What are the key support and resistance levels for Ethereum?
The $2,360 level is a key resistance point, while $1,940 is a critical support level.
How long has Ethereum been declining?
Ethereum has fallen for six consecutive days.
What is the current market sentiment for cryptocurrencies?
The market sentiment is in 'Fear' territory, with a Fear & Greed Index of 30.
How much is 1 Ethereum worth in naira today?
About ₦3.09M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $2,245.82. The naira price moves with both ETH's US-dollar price and the USDT/NGN rate; use our Ethereum in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Crypto Daily. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.