ETH Weekly Outlook: Week of Oct 19, 2026

Bias

Bearish under $2,550.

A weekly doji is clearly visible, and the daily sits in a neutral zone inside the Kumo. The daily uptrend is still holding for now, but will bulls react strongly on it?

US spot Ether ETFs lost another $320M last week, their third straight weekly outflow, bringing October withdrawals to roughly $955M as hot US inflation pushed investors out of risk.

On the bright side, BitMine keeps accumulating with 6.04M $ETH now held, and the Glamsterdam upgrade moves to the Hoodi testnet on Oct 26 after going live on Sepolia, although no mainnet date is set yet.

• Range: no clear direction yet between $2,330 and $2,550
• Upper daily resistance: $2,450
• Upper level: $2,550
• Key support: $2,350 and the daily uptrend
• Next downside: $2,200
• Lower levels I'm watching: $2,150 to $2,210 (50% Fib daily area)

Similar price area and levels as the previous weekly outlook.

Possible setups

• Bearish: lose $2,350 and the uptrend on a daily basis, and $2,200 will follow
• Bullish: break above $2,450 on a D1 basis, and the $2,550 upper level is probably next

My take

Price and Ichimoku structure don't look good under the weekly Kumo. Same as $BTC, I feel more bearish here, especially under the $2,550 resistance.

What do you see next?

Educational only, not financial advice. Leverage means high risk.