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Ethereum price struggles below $2,400 amid ETF outflows and upgrade delays

Market News
23 Oct 2026
Crypto news
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Bearish
Ethereum price struggles below $2,400 amid ETF outflows and upgrade delays

Ethereum's price hovered near $2,395 on October 23, pressured by $110.6 million in U.S. spot ETF withdrawals and a delay in the Glamsterdam upgrade due to smart-contract compatibility issues. An early investor also sold 3,000 ETH, adding to cautious sentiment. Technical indicators show resistance at $2,500 and support around $2,350, with market watchers closely monitoring these levels for signs of recovery or further decline. The delay affects testnet activation, not the mainnet, while broader market and geopolitical factors continue to weigh on crypto prices.

Ethereum trades at Rp43,304,177 on Pluang with a slight 0.04% decrease, reflecting cautious investor sentiment. As of Oct 23, 2026 19:31 WIB, sell orders make up 58% of activity, and typical holding time is 108 days.

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