- ETH recovered from $2,408.61 and reclaimed the $2,410 POC after two daily declines.
- Footprint delta reached +742 on roughly 24,180 ETH traded, a modest buying imbalance.
- The $2,810 target remains above the $2,700 resistance as Ether ETFs record $56.1M in outflows.
Ethereum’s selling pressure eased after two declines, but a modest positive delta leaves the $2,810 target unconfirmed.
| CHART PRICE | RECLAIMED POC | ORDER BLOCK | UPSIDE OBJECTIVE |
| $2,493 | $2,410 | $2,440 | $2,810 |
Buyers Absorb Selling Near $2,410 as $2,810 Remains in Focus
Ethereum traded near $2,493 on Saturday, October 10, following a sharp selloff earlier in the week. Initially, the cryptocurrency declined 4.57% on October 7 and another 3.87% on October 8, with the latter session reaching a low of $2,408.61 before closing near $2,474.
However, selling pressure subsequently eased, allowing prices to recover toward $2,488 on Friday, although the rebound has yet to confirm a sustained trend reversal. Meanwhile, TradingView’s Binance ETH/USDT two-day volume footprint showed substantial negative delta alongside elevated trading volume during the decline.
This indicated that estimated aggressive selling exceeded buying activity as prices approached the lower support region. Despite this imbalance, the subsequent recovery suggests that opposing demand absorbed enough selling pressure to prevent further immediate losses.
Nevertheless, the footprint readings do not independently confirm passive buying or reveal individual order executions. TradingView estimates directional volume using lower-timeframe price movements rather than directly identifying resting limit orders.
Consequently, the combination of negative delta and price stabilization supports a buyer-absorption interpretation, although stronger confirmation remains necessary. Following the recovery, Ethereum also reclaimed the $2,410 Point of Control (POC), which represents the chart’s highest-volume price level.
At the same time, the $2,440 order block emerged as another important technical reference, although a successful retest remains unconfirmed. Therefore, sustained trading above these levels, accompanied by higher lows and improving delta, would strengthen evidence that buyers are gaining control.
Passive Absorption Needs Stronger Buying for $2,810
However, the strength of the recovery depends on whether buyers can maintain support when sellers return to test these levels. Weekend trading has so far indicated stabilization rather than decisive aggressive accumulation.
The developing two-day candle recorded approximately 742 in positive delta against roughly 24,180 ETH in trading volume, reflecting a relatively modest buying imbalance. Moreover, as the candle remains incomplete, both its volume and delta readings could change before the session closes.
This distinction matters, as passive demand can absorb aggressive selling without immediately pushing prices through overhead resistance. Consequently, sustained higher lows, expanding positive delta, and stronger buying activity above resistance would provide clearer evidence of bullish continuation.
A successful retest of the $2,440 order block would further strengthen the recovery, while renewed selling below that level would expose the $2,410 POC and October 8 low. Meanwhile, broader market conditions continue to present challenges despite the improving technical structure.
According to Farside Investors, U.S. spot Ether ETFs recorded $56.1 million in net outflows on October 9, following $72.5 million in withdrawals on October 8. These losses extended the withdrawal streak to nine consecutive trading sessions, highlighting continued weakness in institutional fund flows.
Additionally, the U.S. 10-year Treasury yield reached 5.261% on Friday, while Brent crude remained above $100 per barrel. Elevated borrowing costs, combined with persistent inflation concerns, could further restrain investor appetite for risk-sensitive assets. As a result, sustained buying participation remains an important requirement for extending the recovery toward the $2,810 upside liquidity objective.
Price Levels That Matter
| Level | Role in the Current Setup |
| $2,810 | Upside objective, roughly 13% above $2,490. |
| $2,700 | Higher resistance before the target. |
| $2,575 | Intermediate resistance. |
| $2,500–$2,520 | Immediate overhead resistance |
| $2,440 | Order block; retest unconfirmed. |
| $2,410 | Reclaimed POC; potential support. |
| $2,408.61 | October 8 session low. |
EXPANSION CASE
Sustained buying above $2,500–$2,520, followed by breaks through $2,575 and $2,700, would strengthen bullish momentum toward $2,810.
FAILURE CASE
Nevertheless, renewed selling below the $2,440 order block would weaken the buyer-absorption thesis, exposing the $2,410 POC and October 8 low of $2,408.61 to another support test.
BOTTOM LINE
Ethereum’s recovery signals easing selling pressure and potential buyer absorption. However, a modest positive delta suggests aggressive buying remains limited, leaving the $2,810 target dependent on stronger demand and sustained support.
FAQs
Ethereum rebounded after falling to $2,408.61 on October 8, as selling pressure eased near support.
No. Negative delta alongside recovering prices suggests absorption but cannot directly confirm passive buying.
The reclaimed $2,410 POC marks concentrated trading volume and serves as a potential support reference.
Sustained higher lows, expanding positive delta, and stronger buying above resistance would support bullish continuation.
A breakdown below $2,440 would weaken the recovery and expose $2,410 and $2,408.61 support levels.
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