Ethereum Price Prediction: Binance Hack Scare Pushes ETH Into Technical Buy Zone | FXEmpire
By: Alejandro Arrieche
Published: Oct 31, 2026, 15:47 GMT+00:00
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Ethereum (ETH)
Current Price: $2,245.84
24h Change: +0.90%
(Live price only. Signal and key levels appear once daily indicators are enabled.)
Key Points
Ethereum (ETH) has shown resilience in the face of a Binance hack scare, rising in the past 24 hours, and potentially entering a strong buy zone. An imbalance left over from the late-August rally might fuel further gains.
Recapturing the $2,400 area would signal the beginning of a recovery, with the Fed’s recent interest rate decision taking a back seat to market sentiment.
In the past 24 hours:
- ETH has bounced back by 1.3%.
- The market jolt from the Binance hack, which resulted in the theft of over $6 billion, has subsided.
- Despite significant long liquidations in the futures market, the impact on fundamental market dynamics is limited to Ethereum and Binance.
Macroeconomic Context:
- The Fed kept rates unchanged as expected this week, shifting the focus back to Ethereum's price action.
Technical Analysis:
- The market imbalance from August suggests potential buying power ready to enter the market.
- Recapturing $2,400 would be a significant step towards confirming a recovery.