Analysis

ETHUSD 2,387.6 ↓0.06%: Bears have the edge · D Oct 23, 2026

·
Candle open
Price and energy
Open 2,389.13 · High 2,417.77 · Low 2,351.55 · Close 2,387.6 · Range (high − low) 66.22
ETHUSD closed at 2,387.6, down 1.54 (-0.06%) from 2,389.14.
Bull–Bear energy behind the price: the market moved from the Bear Bias zone at -28.8% to Bear Bias at -39.4%, down 10.6 points.
Second straight down candle, price and energy are moving down together.
Price and energy · last 4 candles
Price2,449.22,473.82,389.12,387.6
Energy-11.9%8.7%-28.8%-39.4%
Price change↑ 1.71%↑ 1.00%↓ 3.42%↓ 0.06%
Energy change↑ 19.9↑ 20.6↓ 37.5↓ 10.6
Volatility trend chart · last 4 sessions
↑ 1.71%↑ 1.00%↓ 3.42%↓ 0.06%↑ 19.9↑ 20.6↓ 37.5↓ 10.6
Δ priceΔ energy↑ up · ↓ down
Volatility · vs history since 2019
Price down 0.06% — higher than 2% of past drops
0%255075100%
Energy down 10.6 pts — higher than 53% of past drops
Knowledge

Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.

RESEARCH

Trend of Bear Bias ETHUSD Daily

Sample: 3,353 Daily candles from 2017-08-18 to 2026-10-22
Number of Bear Bias occurrences: 241 times

▸When ETHUSD is in Bear Bias:

  • then ETHUSD moved to higher Market State: 165 times — 68.5%
  • then ETHUSD moved to lower Market State: 76 times — 31.5%

▸Current ETHUSD market energy: -39.38%

  • Distance to upper bound of Bear Bias (at -20.88%): 18.5%
  • Distance to lower bound of Bear Bias (at -60%): 20.62%

"A person's history reveals more than you might think" — 2AITRADING

ETHUSD · D1 · 2026-10-23 00:00 UTC
Preview the last 30 candles — price and energy
View live ETHUSD chart →
Market Energy
-28.8%
Bear Bias
-39.4%
Bear Bias
Expected at
07:10
Zone
-60 – -20.88
Bias
Sellers in control
Explanation

Observing the completed Daily candle, ETHUSD reflects the energy state tilted toward Bear.

The energy side shows Market Energy at -39.4%, down -10.6% from -28.8% in the previous candle.

Time in Bear Bias energy zone: 2 Daily Candle

2AiTrading Market Energy Model

Traders using any methodology can reference Market Energy on 2AiTrading to consider adjustments to their strategy — including stoploss, takeprofit, or position sizing — depending on the situation.

Market context
Historical perspective

Over the past 5 days, ETHUSD Market Energy ranged from -39.4 to 8.7.

Frequently asked questions

What did ETHUSD price and energy show when this Daily candle closed?

When the Daily candle closed at 07:00 on 23-10-2026, ETHUSD was at 2,387.6, down 0.06% from the previous candle (2,389.14). Market Energy was -39.4%, down 10.6 points from -28.8%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.

How much did ETHUSD price move on this Daily candle, and how large is that historically?

ETHUSD closed at 2,387.6, down 0.06% from the previous Daily candle (2,389.14). This drop is larger than 2% of past drops on the Daily timeframe for ETHUSD, across 2,853 candles since 2019.

How did ETHUSD Market Energy change from the previous candle?

Market Energy fell 10.6 percentage points from the previous candle — from -28.8% to -39.4%. This drop is larger than 53% of past drops on the Daily timeframe for ETHUSD.

Do ETHUSD price and energy agree?

Yes. This candle recorded price moving down in the same direction as energy. This describes a closed candle, not a forecast of where price goes next.

What state was ETHUSD in on the previous Daily candle?

The previous Daily candle had ETHUSD at -28.8%, Bear Bias — this candle kept the same state, no zone change.

Where does ETHUSD energy sit within the Bear Bias zone?

At -39.4%, ETHUSD is 18.5 points from the upper boundary of Bear Bias (-20.88%) and 20.62 points from the lower boundary (-60%) — so energy sits closer to the upper boundary at candle close.

What does Bear Bias mean?

Bear Bias is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.

See the full Bear Bias definition →

How are the broader market indices trending?

Based on each index's latest completed H1 candle as of this candle close: SPX500 (US equities) in Neutral with energy -1%; GER40 (European equities) in Bear Bias with energy -22.2%. Against this backdrop, ETHUSD (Bear Bias, -39.4%) lower than SPX500; sits in the same state zone as GER40.

How is the US Dollar Index (DXY) trending?

Based on the latest completed H1 candle as of this candle close, the US Dollar Index (DXY) was in Bear Bias with Market Energy -55.4%. ETHUSD (Bear Bias) and DXY currently sit on the same Bear side.

Real-time Energy Chart

See the real-time energy chart for ETHUSD.

Open Energy Chart
Related analysis
Methodology

Data computed by 2AiTrading's proprietary Market Energy model. Snapshot captured at candle close. See methodology →

See the full 2AiTrading Model data for ETHUSD on the ETHUSD overview →

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