ETHUSD: Bearish Pressure Intensifies Below 2503 Pivot

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of ETHUSD for October 13, 2026.

Technical Analysis of ETHUSD

ETHUSD Daily Chart Insight

(ETHUSD Daily Chart, Source: Ultima Markets MT5)

ETHUSD is experiencing a sharp bearish correction following its previous rally toward the September highs near 2770. The latest decline has pushed the price below both the red 16-period moving average (MA16) and the purple 50-period moving average (MA50), signalling deteriorating medium-term momentum. The red MA16 has turned decisively lower, while the purple MA50 is beginning to flatten after its earlier advance.Nevertheless, the blue 100-period moving average (MA100) continues to slope upward beneath the current price, suggesting that the broader recovery structure has not yet been completely invalidated.

The daily RSI has weakened to 35.33, reinforcing the prevailing bearish bias. Sellers currently maintain the advantage, with the immediate focus shifting toward the 2400 support region. A sustained breakdown below this area could extend the correction toward the rising MA100, while a recovery above 2500–2520 would be needed to suggest that selling pressure is beginning to ease.

Key Levels:

• Support 1 (2400–2420): The immediate support zone surrounding the latest daily lows, where buyers must stabilise the price to prevent further losses.
• Support 2 (2200–2274): A broader support region near the rising blue 100-period moving average (MA100), which could become important if the current correction accelerates.
• Resistance 1 (2500–2530): A former consolidation area that has shifted into potential resistance, with the purple 50-period moving average (MA50) adding overhead pressure.
• Resistance 2 (2583–2645): A higher resistance region surrounding the declining red 16-period moving average (MA16) and the previous trading range.
• Resistance 3 (2700–2770): The major resistance zone near the September highs, representing the upper boundary of the recent bullish advance.

ETHUSD 2-Hour Chart Analysis

(ETHUSD 2-Hour Chart, Source: Ultima Markets MT5)

The 2-hour chart indicates strong bearish momentum following ETHUSD’s rejection from the recent recovery highs near 2580. After an earlier sharp decline, the temporary rebound failed to establish a sustainable bullish reversal, allowing sellers to regain control and drive the price back toward the previous lows around 2400–2420. Price is currently trading below the red 16-period moving average (MA16), purple 50-period moving average (MA50), and blue 100-period moving average (MA100). All three averages are positioned above the market, with the blue MA100 maintaining a downward slope and reinforcing the broader short-term bearish structure.

Meanwhile, the RSI has fallen to 24.46, indicating oversold conditions that could encourage a temporary technical rebound. However, the absence of a confirmed reversal structure suggests that any recovery may remain vulnerable to renewed selling pressure.

Breakout Scenarios:

• Bullish continuation is a possible scenario, triggered by a decisive recovery and sustained break above the 2500–2520 resistance region, where the red MA16 and purple MA50 are concentrated. Such a move could open the way toward 2570–2600, near the declining blue MA100.
• Bearish correction is the higher-probability outcome, particularly if ETHUSD fails to recover above 2500–2520 and subsequently breaks below the immediate 2420 support region. This would expose the recent swing-low area near 2400, with a sustained move beneath that level confirming additional downside pressure.

ETHUSD Pivot Indicator

(ETHUSD 30-Minute Chart, Source: Trading Central)

The 30-minute Trading Central chart reinforces the prevailing bearish outlook, with ETHUSD trading around 2457, significantly below the main pivot resistance at 2503. The latest breakdown has pushed the price beneath its short-term moving averages, while the RSI has declined to 20.98, indicating deeply oversold conditions.

Meanwhile, the MACD remains negative at -15.45 and continues to trend downward below its signal line, confirming persistent selling momentum. Although the oversold RSI suggests that a temporary rebound cannot be ruled out, the immediate technical bias remains bearish as long as the price stays below the 2503 pivot.

• Bearish Breakdown: As long as ETHUSD remains below the 2503 pivot, the bearish preference remains intact, with the first downside target at 2401, followed by 2377. A sustained RSI reading below 30, accompanied by a negative MACD remaining beneath its signal line, would reinforce the bearish scenario.
• Bullish Reversal: A decisive recovery and sustained break above 2503 would weaken the immediate bearish outlook, opening the possibility of a rebound toward 2543, followed by 2567. For stronger bullish confirmation, the RSI would need to recover from its current oversold reading of 20.98, while the MACD would need to turn upward and cross above its signal line.

Disclaimer Comments, news, research, analysis, price, and all information contained in the article only serve as general information for readers and do not suggest any advice. Ultima Markets has taken reasonable measures to provide up-to-date information, but cannot guarantee accuracy, and may modify without notice. Ultima Markets will not be responsible for any loss incurred due to the application of the information provided.