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Ethereum price drops below $2,300 amid DeFi outflows and Bitcoin weakness, but whales are buying at $2,250 zone.

Market News
03 Nov 2026, 10:59 WIB
CryptoTicker
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Bearish
Ethereum price drops below $2,300 amid DeFi outflows and Bitcoin weakness, but whales are buying at $2,250 zone.

Ethereum's price has fallen about 12% from pre-Binance hack levels, slipping below the $2,300 support amid large outflows from DeFi and a recent Ethereum chain reorganization. Bitcoin's weakness has amplified ETH's decline, but on-chain data shows significant whale buying near $2,250, suggesting accumulation. Key support levels to watch are $2,200 and $2,000, with a hold above $2,200 potentially signaling a bottom. Investors are advised to watch Bitcoin's stability above $76,000 for clearer risk/reward before trading aggressively.

Ethereum's market cap stands at Rp4.990,86 trillion as of Nov 03, 2026, 16:01 WIB, with a 24-hour trading volume of Rp170,16 trillion on Pluang. Despite the recent price dip below $2,300 mentioned in the article, on Pluang ETH trades at Rp40.979.000, down 1.58% in the last day. The platform shows a stronger buy interest with 63% of orders favoring buying and typical hold times around 108 days, indicating ongoing accumulation among investors.

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