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Ethereum ETFs see $1.08B outflows in October as buyers defend $2,400 support level

Market News
21 Oct 2026
Coinpaper
View Source
Neutral
Ethereum ETFs see $1.08B outflows in October as buyers defend $2,400 support level

Ethereum ETFs experienced $1.08 billion in net outflows during October, reversing September's inflows, amid weakening institutional demand. Despite this, Ethereum buyers have consistently defended the $2,400 support level, with short sellers facing significant liquidations, suggesting leveraged traders are aiding the price recovery. Ethereum faces resistance near $2,444 and $2,500, with a sustained move above $2,500 potentially boosting bullish momentum. However, failure to hold $2,400 could lead to further declines toward lower support levels around $2,362 and $2,324.

Ethereum price action is the subject, with Pluang market data providing context. For readers following major cryptocurrencies, 43 of 50 rose and 6 fell today. Notable movers include BAL at Rp16.297 (+11.14%), COMP at Rp464.573 (+10.01%, 68% buy orders), and BAT at Rp3.218 (-9.71%, 84% sell orders). Data is as of Oct 21, 2026 20:33 WIB.

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