PelinayPA2026-10-14

Ethereum Sell Off Preparations

Net flow is positive for Ethereum: +11,376 ETH. In other words, the amount of ETH flowing into Binance has increased. Open interest has also risen, showing an increase of 0.86%. This indicates that positions in futures markets have grown; on its own, it does not say whether traders are betting on a rise or a fall. If the price moves sharply, leveraged positions could amplify volatility. Williams %R at −13.61 is close to the short term overbought zone. This could be a warning that the rally may be tiring, but it is not a reversal signal on its own. Considering the increase in ETH supply on Binance, the build up of leverage, and the price being in the overbought zone, the chart makes me think a sell off may be in the making. The U.S. September CPI was released today. Annual CPI rose to 3.7% from 3.4% in August, coming in above the market expectation of around 3.6%. The monthly increase was 0.6%. Core CPI was 0.3% month over month and 2.6% year over year. Rising gasoline prices pushed up the headline figure; the increase in core inflation also shows that inflationary pressure is not limited to energy. Market reports said that after the release, ETH fell below $2,500 and was trading at around $2,476. This is consistent with a short term downward reaction compared with the roughly $2,500 level before the CPI release. With higher than expected inflation added to the chart data, a correction may come sooner than we anticipated.