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Ethereum ETFs see $1.61B outflows in October, pressuring ETH near $2,300 resistance level.

Market News
02 Nov 2026, 14:26 WIB
Coinpaper
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Bearish
Ethereum ETFs see $1.61B outflows in October, pressuring ETH near $2,300 resistance level.

Ethereum faced significant institutional pressure in October, with spot ETFs losing about $1.61 billion, led by BlackRock's ETHA fund accounting for nearly 88% of withdrawals. This outflow contributed to ETH's drop to around $2,179 before a modest recovery brought it near the key resistance zone of $2,300–$2,320. A sustained breakout above this level could lead to gains toward $2,350 and $2,400, while failure to hold $2,300 may see support tested near $2,250 and lower. Institutional demand remains cautious, but developments like ETH staking and network upgrades could influence future recovery prospects.

Ethereum's October spot ETF outflows reached about $1.61 billion, with BlackRock's ETHA fund accounting for nearly 88% of withdrawals, providing context for its price movements. For readers following cryptocurrency markets, here is Pluang's snapshot as of Nov 02, 2026 18:41 WIB: out of 50 major cryptocurrencies, 5 rose and 44 fell today. Notable movers include CRV at Rp4,973 with a 3.88% decline and a 57% sell order activity, CAKE at Rp34,538 with a 3.88% drop but 94% buy order activity, and SNX at Rp3,230 down 3.32% with 74% sell order activity.

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