Ethereum
Ethereum Tests $2,300 Support Level Following Monthly Decline
Ether traded near $2,400 following a 12.6% monthly drop, putting focus on a critical support level that buyers previously defended twice in October.
Ethereum dropped 2.3% in 24 hours to approximately $2,403 as of October 22, marking a 12.6% decline over the past 30 days after retreating from a high of $2,788. Market participants are watching the $2,300 support zone, which buyers defended twice during the month: on October 15, when the asset rebounded from an intraday low of $2,313 to close at $2,439, and on October 18, when it recovered from $2,325 to end at $2,408.
The cryptocurrency trades 51.4% below its record peak and has fallen roughly 19.0% since December 31, 2025, when it stood at $2,967. Over that same timeframe, Bitcoin declined by 3.8%. Ether remains positioned below both its 20-day moving average of $2,520 and its 50-day moving average of $2,551, levels that analysts view as potential technical resistance.
Despite recent weakness, Ether is up about 29.2% over a 90-day period compared to its July 24 mark of $1,860. If the $2,300 threshold gives way, that July level represents the next major historical reference point, sitting roughly 22.6% below prevailing prices.
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