NEAR, SHIB and LINK hold supports as ether tests $2,300

What happened

U.Today's October 29 analysis placed NEAR at about $4.55 after a pullback from a mid-October peak near $6.00. The token had twice found buyers around its cyan and blue moving averages at $4.30 to $4.40, while its longer-term averages remained below the price and pointed higher. Volume, however, had faded from the early-October peak and the RSI was near 48.

The same analysis described SHIB at $0.00000491, below its major moving averages, with $0.00000476 acting as support. LINK was near $11.50 after a roughly 27% retreat from its late-September high, resting on an orange average at that level and a black long-term line near $11.00. Ether traded around $2,330 and was testing a long-term average near $2,320.

Crypto.news reported that ether fell 2.12% to $2,317.78 on October 29 as U.S. spot ether ETFs recorded a third straight session of net outflows. The funds lost $21.41 million on October 28, according to SoSoValue, with BlackRock's ETHA accounting for $44.83 million in withdrawals while inflows into other funds offset part of the total. Bitcoin fell 1.66% over the same 24-hour period and the total crypto market capitalization declined about 1.7%.

Why it matters

The common thread is that several large altcoins are sitting on supports rather than trading in confirmed recoveries. For ether, the $2,290 to $2,300 band is the immediate line in the sand in both reports; crypto.news said a sustained break could expose $2,200 and then $2,100, while U.Today put the next supports at $2,250, $2,100 and $1,900. A daily close above $2,360 with stronger volume would be needed before the $2,450 and $2,550 areas come into view, according to U.Today.

The ETF data adds a demand-side signal. Three consecutive sessions of withdrawals, including the October 28 figure, coincided with ether's decline and broader market weakness. For NEAR and LINK, the analyses say the larger uptrends remain intact while price stays above $4.30 and $11.00 respectively; SHIB is weaker, and a loss of $0.00000476 could open the way to lower levels. Volume is repeatedly cited as missing.

What the data shows

Crypto.news cited a MACD line at -57.69, below its signal line at -51.75, and a histogram at -5.94. The MFI had recovered to 50.35 after briefly entering oversold territory. Ether was below its seven-day moving average of $2,354 and its 30-day average of $2,498. October 28 ETF figures put cumulative net inflows since launch at $12.55 billion, net assets at $14.27 billion and daily trading volume at $480.72 million. U.Today put the RSI near 48 for NEAR, 40 for SHIB, 38 for LINK and 40 for ether.

Background

The pullbacks followed strong runs. NEAR climbed from about $1.80 in August to almost $6.00 in mid-October before falling about 24%. LINK rose from roughly $7.00 in early July to nearly $15.80 at the end of September, a gain of more than 100%, then dropped about 27%. Ether advanced from about $1,800 in August to nearly $2,800 in September before making lower highs. SHIB peaked near $0.00000620 in late September and has fallen since.

ETF flows have been negative through the period covered by crypto.news. Investors withdrew $88.58 million on October 26, $60.22 million on October 27 and $21.41 million on October 28, about $170.21 million over the three sessions. The outlet also recalled $320.1 million of outflows from ether funds between October 12 and 16. Separately, the Ethereum Foundation postponed the Hoodi testnet activation for the Glamsterdam upgrade on October 23, after the upgrade had gone live on Sepolia on October 6.

What is still unclear

The reports leave several questions open. No replacement date for Hoodi activation or confirmed mainnet schedule for Glamsterdam had been announced. The ETF figures cover sessions through October 28, and the analyses do not establish whether the cited support levels will hold. Crypto.news noted that analyst Michaël van de Poppe saw reasons for optimism but acknowledged no confirmed bullish breakout, while Daan Crypto Trades pointed to $2,350 and $2,550 as important recovery levels.

What to watch

NEAR's $4.30 level is the first test, with $4.75, $5.20 and $5.60 above it. SHIB needs a close above $0.00000520 with rising volume to signal recovery, while $0.00000476 remains the downside level to watch. LINK's $11.00 to $11.50 zone and $12.20 resistance are central. For ether, the $2,290 to $2,300 support and $2,400 recovery level are in focus, alongside ETF flow data and any news on the Glamsterdam testnet schedule.

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