Analysis

ETHUSD 2,400.34 ↓1.23%: Bears very strong · 4H 19:00 Oct 22, 2026

·
Candle close
Price and energy
Open 2,430.27 · High 2,430.65 · Low 2,395.55 · Close 2,400.34 · Range (high − low) 35.1
ETHUSD closed at 2,400.34, down 29.93 (-1.23%) from 2,430.27.
Bull–Bear energy behind the price: the market moved from the Bear Bias zone at -21.3% to Bear Critical at -72.3%, down 51.0 points.
Fourth straight down candle, price and energy are moving down together.
Price and energy · last 4 candles
Price2,473.82,444.72,430.32,400.3
Energy66.0%19.4%-21.3%-72.3%
Price change↓ 0.83%↓ 1.18%↓ 0.59%↓ 1.23%
Energy change↓ 15.1↓ 46.7↓ 40.7↓ 51.0
Volatility trend chart · last 4 sessions
↓ 0.83%↓ 1.18%↓ 0.59%↓ 1.23%↓ 15.1↓ 46.7↓ 40.7↓ 51.0
Δ priceΔ energy↑ up · ↓ down
Volatility · vs history since 2019
Price down 1.23% — higher than 72% of past drops
0%255075100%
Energy down 51.0 pts — higher than 93% of past drops
Knowledge

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

RESEARCH

Trend of Bear Critical ETHUSD 4H

Sample: 20,101 4H candles from 2017-08-17 to 2026-10-21
Number of Bear Critical occurrences: 881 times

▸When ETHUSD is in Bear Critical:

  • then ETHUSD moved to higher Market State: 642 times — 72.9%
  • then ETHUSD moved to lower Market State: 239 times — 27.1%

▸Current ETHUSD market energy: -72.31%

  • Distance to upper bound of Bear Critical (at -60%): 12.31%
  • Distance to lower bound of Bear Critical (at -74.5%): 2.19%

"Why does archaeology matter?" — 2AITRADING

ETHUSD · H4 · 2026-10-22 08:00 UTC
Preview the last 30 candles — price and energy
View live ETHUSD chart →
Market Energy
-21.3%
Bear Bias
-72.3%
Bear Critical
-73.8%
Bear Critical
Zone
-74.5 – -60
Bias
Sellers in control
Explanation

Measurement result after the 4H candle closes, Market ETHUSD in Bear Critical.

End-of-session update for 4H, Market Energy moved from -21.3% to -72.3%, down -51% from the previous candle.

Time in Bear Critical 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 19:00 on 22-10-2026, ETHUSD was at 2,400.34, down 1.23% from the previous candle (2,430.27). Market Energy was -72.3%, down 51.0 points from -21.3%, in the Bear Critical state — controlled by sellers. The Bear Critical zone spans -74.5% to -60%.

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

ETHUSD closed at 2,400.34, down 1.23% from the previous 4H candle (2,430.27). This drop is larger than 72% of past drops on the 4H timeframe for ETHUSD, across 17,105 candles since 2019.

How did ETHUSD Market Energy change from the previous candle?

Market Energy fell 51 percentage points from the previous candle — from -21.3% to -72.3%. This drop is larger than 93% of past drops on the 4H timeframe for ETHUSD.

Do ETHUSD price and energy agree?

Yes. On this candle price fell and energy fell — both moved the same way. 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 -21.3%, Bear Bias — when this candle closed, ETHUSD moved down to a lower zone: Bear Bias → Bear Critical.

Where does ETHUSD energy sit within the Bear Critical zone?

At -72.3%, ETHUSD is 12.31 points from the upper boundary of Bear Critical (-60%) and 2.19 points from the lower boundary (-74.5%) — so energy sits closer to the lower boundary at candle close.

What does Bear Critical mean?

Bear Critical 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 Critical 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 -98%; GER40 (European equities) in Bear Extreme with energy -84.7%. Against this backdrop, ETHUSD (Bear Critical, -72.3%) 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 Neutral with Market Energy -14.4%. ETHUSD energy is currently below DXY by 57.9 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 →

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