$ETH : Ethereum just saw roughly 169,770 $ETH leave exchanges on net, its largest outflow day in over four months
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The comparison to June 5th is especially interesting. That day saw roughly 223,800 ETH in net outflows just as ETH hit its lowest price since April 2025, ultimately marking an exceptional local buy point as price quickly recovered.
History does not guarantee October’s spike marks another bottom, but the setup is bullish. $2,400 is the immediate pivot, a sustained reclaim of $2,500 would strengthen the bottoming case, while losing roughly $2,330 would weaken it. If large outflows continue while ETH holds these levels, supply dynamics increasingly favor buyers.
© Santiment
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The comparison to June 5th is especially interesting. That day saw roughly 223,800 ETH in net outflows just as ETH hit its lowest price since April 2025, ultimately marking an exceptional local buy point as price quickly recovered.
History does not guarantee October’s spike marks another bottom, but the setup is bullish. $2,400 is the immediate pivot, a sustained reclaim of $2,500 would strengthen the bottoming case, while losing roughly $2,330 would weaken it. If large outflows continue while ETH holds these levels, supply dynamics increasingly favor buyers.
© Santiment
