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Ethereum price drops over 7% amid highest ETH ETF outflows since January 2026

Market News
10 Oct 2026
Coingape
View Source
Bearish
Ethereum price drops over 7% amid highest ETH ETF outflows since January 2026

Ethereum's price fell more than 7% in the week ending October 10, dropping below the 50-day moving average amid the largest weekly outflows from ETH ETFs since January 2026. Institutional demand weakened, with $542 million exiting Ethereum ETFs, led by BlackRock's iShares Ethereum Trust. Concurrently, 90,000 ETH tokens moved to exchanges, raising exchange balances to multi-week highs, signaling profit-taking and potential further price declines. Technical indicators suggest bearish momentum, with Ethereum possibly dropping to $2,200 if support at $2,370 fails to hold.

Following the recent outflows from Ethereum ETFs and price drop, ETH on Pluang is trading at Rp44.529.187 with a slight 0.34% decrease as of Oct 10, 2026 16:21 WIB. Market activity shows a balanced order flow with 45% selling and 55% buying, while the typical hold time remains at 107 days, indicating steady investor engagement despite recent volatility.

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