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Ether (ETH) dips below $2,400 amid ongoing outflows from U.S. spot Ether ETFs.

Market News
17 Oct 2026
Tokenpost
View Source
Bearish
Ether (ETH) dips below $2,400 amid ongoing outflows from U.S. spot Ether ETFs.

Ether (ETH) briefly fell below $2,400 before closing at $2,423.54, driven by continued net outflows from U.S. spot Ether exchange-traded funds (ETFs), which have seen outflows in 13 of 14 sessions since late September. Despite these outflows, exchange wallet balances have increased, indicating mixed signals about selling intentions. Analysts suggest $2,350 as support, with a weekly close above $2,550 potentially signaling a market bottom for ETH.

Ether trades at Rp43,583,780 on Pluang as of Oct 17, 2026 19:01 WIB, down 1.64% in one day, showing a notable dip consistent with the article's mention of a drop below $2,400. Despite this decline, Pluang users show a strong buy interest at 74% compared to 26% sell activity. The typical hold time of 107 days suggests investors are holding through volatility rather than selling quickly.

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