$ETH ETFs bleeding hard – $1.6B outflows in October alone. That's institutional money running for the exits.

Result? $ETH down 16% for the month while $BTC held up better. Classic risk-off behavior.

November setup is critical. Either we see a reversal or this turns into a proper capitulation event. Watch the ETF flows – if they flip positive, that's your signal. If not, sub-$2k is in play.

Bulls need to show up now or this gets uglier.