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Ethereum ETFs see $170M outflows, risking price drop below $2,280 amid rising Bitcoin ETF demand.

29 Oct 2026, 14:30 WIB
AMBCrypto
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Bearish
Ethereum ETFs see $170M outflows, risking price drop below $2,280 amid rising Bitcoin ETF demand.

Ethereum spot ETFs experienced withdrawals totaling $170.21 million over three days ending October 28, signaling declining institutional demand and putting downward pressure on Ethereum's price. Despite some relief from Fidelity's FETH ETF, BlackRock's ETHA ETF saw continued outflows, reducing total ETF assets to $14.27 billion. Ethereum's price has fallen from around $2,640 in early October to about $2,309, testing critical support near $2,280. If this support breaks, prices could drop further to $2,200 or lower. Meanwhile, Bitcoin ETFs attracted $423 million in inflows during the same period, highlighting investor preference for Bitcoin over Ethereum. Recovery for Ethereum depends on renewed ETF inflows, increased spot purchases, and higher trading volumes to boost liquidity and support prices.

Ethereum trades at Rp42,379,284 on Pluang as of Oct 29, 2026 18:53 WIB, down 1.29% in the last day. Selling pressure dominates with 56% of orders to sell versus 44% to buy. Bitcoin, by contrast, holds a stronger buy interest with 74% buy orders and trades at Rp1,459,470,500, down 1.38%.

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