Ethereum's price fell 2.12% to around $2,318 on October 29, driven by $21.41 million in net outflows from U.S. spot Ethereum ETFs, particularly BlackRock's ETHA fund. The cryptocurrency faces technical weakness with bearish indicators and immediate support at $2,290-$2,300, while analysts warn of further downside if it breaks below this range. Large holders have sold about 160,000 ETH recently, increasing exchange balances and adding selling pressure. Despite this, some analysts see potential recovery if Ethereum can reclaim levels above $2,350-$2,400, though market conditions remain challenging and the upcoming Glamsterdam upgrade faces delays.
Ethereum price movement on October 29, 2026, is presented here with Pluang's market data as of Oct 29, 2026 16:31 WIB: Among 50 major cryptocurrencies priced on Pluang, 8 rose and 41 fell. Notable movers include VET (VeChain) at Rp111 with a 1-day change of -4.73%, GRT (The Graph) at Rp394 with -4.55%, and KSM (Kusama) at Rp66,556 with -4.48%.
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