Analysis

ETHUSD 2,444.66 ↓1.18%: Bulls & Bears in a tug-of-war · 4H 11:00 Oct 22, 2026

·
Candle close
Price and energy
Open 2,473.77 · High 2,482.49 · Low 2,434.2 · Close 2,444.66 · Range (high − low) 48.29
ETHUSD closed at 2,444.66, down 29.1 (-1.18%) from 2,473.76.
Bull–Bear energy behind the price: the market moved from the Bull Critical zone at 66.0% to Neutral at 19.4%, down 46.7 points.
Third straight down candle, price and energy are moving down together.
Price and energy · last 4 candles
Price2,512.52,494.52,473.82,444.7
Energy92.8%81.2%66.0%19.4%
Price change↑ 1.75%↓ 0.72%↓ 0.83%↓ 1.18%
Energy change↑ 25.0↓ 11.7↓ 15.1↓ 46.7
Volatility trend chart · last 4 sessions
↑ 1.75%↓ 0.72%↓ 0.83%↓ 1.18%↑ 25.0↓ 11.7↓ 15.1↓ 46.7
Δ priceΔ energy↑ up · ↓ down
Volatility · vs history since 2019
Price down 1.18% — higher than 71% of past drops
0%255075100%
Energy down 46.7 pts — higher than 91% of past drops
Knowledge

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

RESEARCH

Trend of Neutral ETHUSD 4H

Sample: 20,102 4H candles from 2017-08-17 to 2026-10-22
Number of Neutral occurrences: 1,765 times

▸When ETHUSD is in Neutral:

  • then ETHUSD moved to higher Market State: 934 times — 52.9%
  • then ETHUSD moved to lower Market State: 831 times — 47.1%

▸Current ETHUSD market energy: 19.35%

  • Distance to upper bound of Neutral (at 20.88%): 1.53%
  • Distance to lower bound of Neutral (at -20.88%): 40.23%

"Past — present — future. The past and present are known. The future is yours" — 2AITRADING

ETHUSD · H4 · 2026-10-22 00:00 UTC
Preview the last 30 candles — price and energy
View live ETHUSD chart →
Market Energy
66.0%
Bull Critical
19.4%
Neutral
-21.3%
Bear Bias
Zone
-20.88 – 20.88
Bias
Balanced
Explanation

Reading from the 4H candle, ETHUSD shows the Neutral energy zone.

The energy side shows Market trend energy recorded a -46.7% drop from the previous candle, from 66% to 19.4%.

Time in Neutral energy zone: 1 4H 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 -95.4 to 92.8.

Frequently asked questions

What did ETHUSD price and energy show when this 4H candle closed?

When the 4H candle closed at 11:00 on 22-10-2026, ETHUSD was at 2,444.66, down 1.18% from the previous candle (2,473.76). Market Energy was 19.4%, down 46.7 points from 66%, in the Neutral state — the market is neutral. The Neutral zone spans -20.88% to 20.88%.

How much did ETHUSD price move on this 4H candle, and how large is that historically?

ETHUSD closed at 2,444.66, down 1.18% from the previous 4H candle (2,473.76). This drop is larger than 71% of past drops on the 4H timeframe for ETHUSD, across 17,103 candles since 2019.

How did ETHUSD Market Energy change from the previous candle?

Market Energy fell 46.7 percentage points from the previous candle — from 66% to 19.4%. This drop is larger than 91% of past drops on the 4H timeframe for ETHUSD.

Do ETHUSD price and energy agree?

Yes. Both price and energy moved down on this candle. This describes a closed candle, not a forecast of where price goes next.

What state was ETHUSD in on the previous 4H candle?

The previous 4H candle had ETHUSD at 66%, Bull Critical — when this candle closed, ETHUSD moved down to a lower zone: Bull Critical → Neutral.

Where does ETHUSD energy sit within the Neutral zone?

At 19.4%, ETHUSD is 1.53 points from the upper boundary of Neutral (20.88%) and 40.23 points from the lower boundary (-20.88%) — so energy sits closer to the upper boundary at candle close.

What does Neutral mean?

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

See the full Neutral 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 Bear Extreme with energy -79.5%; GER40 (European equities) in Bear Bias with energy -28%. Against this backdrop, ETHUSD (Neutral, 19.4%) has higher energy than SPX500, 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 -21%. ETHUSD energy is currently above DXY by 40.4 points.

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 →

To jump to a symbol you're interested in, click .