The Ethereum market will still face significant uncertainty in the next three days, and the price may maintain a downward oscillation in the short term. The specific analysis is as follows:

- Macroeconomic bearish factors persist: Ethereum spot ETFs recently experienced the second-highest single-day net outflow in history, with nearly $200 million, causing short-term confidence among institutional investors to waver, and proactive risk-averse behavior may put pressure on prices. Additionally, from this week until the end of the month, approximately 880,000 ETH are expected to be unstaked, potentially bringing about $2 billion in weekly selling pressure, which poses a significant potential selling pressure on the market.
- The technical indicators show a short-term downward trend: From the 4-hour candlestick chart, the price of Ethereum has shown a downward trend after failing to hit a high, although there has been some rebound, it remains overall weak. The price is suppressed by resistance such as the EMA120 trend line; although the MACD indicator shows a bottom divergence, both the DIF and DEA are still expanding downward, continuing the bearish trend. The Bollinger Bands' downward channel is effective, and the price may continue to be under pressure in the short term.
- Market sentiment is cautious: Although $56.05 million in short positions were liquidated in the derivatives market over the past 24 hours, the weighted funding rate has remained positive for the majority of the time, indicating that the underlying speculative sentiment in the market has not been completely reversed. However, the capital flow data from exchanges shows a significant net outflow of ETH from exchanges like Coinbase over the past week, which may suggest that some investors are taking profits during the technical rebound, leading to an overall cautious market sentiment.

As of October 24, 2025, 11:26 AM, the price of ETH is $3888.98, with a 24-hour increase of 1.51%. The above information is compiled based on publicly available online information and does not constitute any investment advice.