Market Analysis
NAS100 midweek: index holds 30300 after soft start, 2026-09-28
NAS100 sits at 30334.37 on Wednesday, down 234.70 points from Monday's open, with the week's range still set by Monday's 30617.83 high and 30079.80 low.
3 min readETHUSD opened last Monday at 1907.47 and closed Friday at 1878.77. That is a net loss of 28.70 points, roughly 1.5% across the five sessions. The damage was done on day one: Monday printed the week's high at 1927.83 and then sold off into a 1869.81 close, and the four sessions that followed never got back above it. Tuesday's 1849.93 low marked the floor, and from there price ground sideways in a band barely 45 points wide.
There is no scheduled high-impact event on the calendar for ETHUSD across the next five sessions. That is the story. When the data slate is empty, the market sources its direction from flows and cross-asset risk appetite rather than from a print, and ranges like last week's tend to persist until something external breaks them. The one dated item already on the tape is Monday's PBOC USD/CNY reference rate, which the central bank set above the Reuters estimate, a weaker yuan fix than the market was positioned for. That is a dollar-side input, and dollar strength has historically been a headwind for crypto quoted in dollars.
The secondary theme is the compression itself. Last week's total range, 1849.93 to 1927.83, is 77.90 points, and four of the five closes landed inside a 13-point cluster between 1869.81 and 1882.85. Volume also drifted lower through the week, from 461,072 on Monday to 433,693 on Friday. Quiet tape into a quiet calendar means the first session that closes outside the weekly range carries more information than any single candle did last week. If you want exposure to that resolution, you can open an LHFX account to trade ETHUSD this week.
If the week opens with dollar strength following Monday's yuan fix and price loses Friday's 1878.77 close, the obvious reference below is Tuesday's 1849.93 low. A daily close under that level puts the whole prior week's base behind price rather than beneath it, and the 1849.93 area flips from support into the level sellers defend on any retest.
If instead risk appetite firms and price reclaims 1900, the round number sits just under Monday's 1927.83 high, and the two together form a single band rather than two separate hurdles. Price rejecting that band for a second week keeps the sideways structure intact. A close through it does not.
Watch BTC/USD alongside this. Crypto majors tend to break in the same direction, and a move in ETHUSD that is not confirmed elsewhere in the complex is usually the weaker of the two signals.
As of 17 August, 62% of positioning is long and 38% is short. That is a clear consensus skew toward higher prices, and it arrives after a week that finished lower. Crowded longs into a falling close is the condition where downside moves accelerate, because a break of last week's 1849.93 low forces liquidation from the majority side rather than the minority side. The flip argument holds too: with 38% short, a reclaim of the upper band has fewer stops to run through, so upside resolution can be slower and choppier than the downside version.
Last week's high at 1927.83 is the ceiling of the range and the level that capped every attempt after Monday. Last week's low at 1849.93 is the floor. Friday's 1878.77 close sits almost exactly in the middle of the two and is the pivot the week opens from. The 1900 round number sits inside the upper half of the range and is where Wednesday's 1923.35 push failed to hold. These are reference levels for orientation, not entry signals, and none of them carries any obligation for price to react.
Byline: LHFX Research
Risk disclaimer. CFD trading involves substantial risk and is not suitable for every investor. Leverage works both ways and can amplify losses beyond your initial deposit. The analysis above is general market commentary and does not constitute investment advice or a recommendation to buy or sell any instrument. LHFX is regulated by the FSC Mauritius and the FSCA in South Africa.
