Ethereum's price has fallen to around $2,500, erasing gains from early October due to rising U.S. Treasury yields, a strong dollar, and weakening institutional demand. The crypto fell nearly 9% from above $2,700 earlier in the week, with technical support at $2,500 now tested and the next support range between $2,400-$2,450. Institutional outflows from Ethereum ETFs, totaling $201.9 million, add to the downward pressure, contrasting with Bitcoin's inflows. This decline matters because Ethereum's price strength partly depends on institutional demand absorbing supply amid reduced liquid coins on exchanges.
Ethereum price movement is the subject, with Pluang market data providing context. For readers following cryptocurrency trends, here is Pluang's market snapshot as of Oct 09, 2026 17:21 WIB: Among 50 major cryptocurrencies priced on Pluang, 12 rose and 37 fell today. Notable movers include SAND at Rp1.234 with a 5.98% decline and a typical hold time of 123 days, MANA at Rp1.682 down 5.98% with 89% buy order activity, and UNI at Rp132.047 down 5.63% with balanced buy/sell orders.
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