Big news! Ethereum’s (ETH) downturn is showing no signs of easing, and the pressure is intense: A report on October 28 said ETH was trading around $2,340 on Tuesday, near its realized price of $2,310 and its 200-day EMA at $2,315. Wallets holding 1,000 to 10,000 ETH have an average cost basis of about $2,328, and actually added 40,000 ETH over the past week.
The fund flows are also challenging. U.S. spot ETH ETFs saw net outflows of $88.5 million on Monday, bringing October’s total outflows to $1.26 billion—just about $160 million short of the record $1.42 billion set in November 2025. Meanwhile, U.S. spot Bitcoin ETFs had net inflows of $110.3 million on Monday, but still recorded cumulative net outflows of $202 million for October.
ETH has fallen 12.9% since September 30. It briefly reached $2,726 on October 4, then hit a low of $2,321 on October 26. It is down 13.6% over the past month and 21.7% year to date, while Bitcoin fell 5.1% and 8.4% over the same periods, respectively. The original article says analyst Ted sees weak buying and support levels continuing to give way, and believes ETH could retest $2,200, which he considers a more likely bottom zone.
Technically, if the daily close falls below the 200-day EMA, $2,256, $2,204, and $1,971 could be the next levels to watch. On the upside, ETH would first need to reclaim $2,355 and $2,362, then break above $2,453, before $2,548 and $2,636 come into view. The RSI is at 33 and the stochastic indicator at 16, both close to oversold territory. But futures liquidations totaled about $35 million over the past 24 hours, including $27 million in short positions, so oversold conditions don’t necessarily mean an immediate rebound.
The short-term outlook is bearish, based on continued ETF outflows, weaker performance relative to Bitcoin, and the loss of key support levels. However, this remains the view of the original article and its analyst—not a confirmed prediction of a bottom. BitMine bought 10,452 ETH, worth about $24 million, during the week ending October 26, bringing its holdings to 6.05 million ETH, even as ETH fell 4.4% over the same period. In addition, the Ethereum Foundation postponed the Hoodi testnet for the Glamsterdam upgrade due to EIP-8037 compatibility issues; no new dates have been set for either the testnet or mainnet. Do you think $2,200 will act as support, or will the market keep searching for lower levels?
#以太坊 #Crypto Market
$ETH $BTC
Source: CoinCentral
The fund flows are also challenging. U.S. spot ETH ETFs saw net outflows of $88.5 million on Monday, bringing October’s total outflows to $1.26 billion—just about $160 million short of the record $1.42 billion set in November 2025. Meanwhile, U.S. spot Bitcoin ETFs had net inflows of $110.3 million on Monday, but still recorded cumulative net outflows of $202 million for October.
ETH has fallen 12.9% since September 30. It briefly reached $2,726 on October 4, then hit a low of $2,321 on October 26. It is down 13.6% over the past month and 21.7% year to date, while Bitcoin fell 5.1% and 8.4% over the same periods, respectively. The original article says analyst Ted sees weak buying and support levels continuing to give way, and believes ETH could retest $2,200, which he considers a more likely bottom zone.
Technically, if the daily close falls below the 200-day EMA, $2,256, $2,204, and $1,971 could be the next levels to watch. On the upside, ETH would first need to reclaim $2,355 and $2,362, then break above $2,453, before $2,548 and $2,636 come into view. The RSI is at 33 and the stochastic indicator at 16, both close to oversold territory. But futures liquidations totaled about $35 million over the past 24 hours, including $27 million in short positions, so oversold conditions don’t necessarily mean an immediate rebound.
The short-term outlook is bearish, based on continued ETF outflows, weaker performance relative to Bitcoin, and the loss of key support levels. However, this remains the view of the original article and its analyst—not a confirmed prediction of a bottom. BitMine bought 10,452 ETH, worth about $24 million, during the week ending October 26, bringing its holdings to 6.05 million ETH, even as ETH fell 4.4% over the same period. In addition, the Ethereum Foundation postponed the Hoodi testnet for the Glamsterdam upgrade due to EIP-8037 compatibility issues; no new dates have been set for either the testnet or mainnet. Do you think $2,200 will act as support, or will the market keep searching for lower levels?
#以太坊 #Crypto Market
$ETH $BTC
Source: CoinCentral
