Ethereum ETF outflows top $1 billion in October, $2,150 support in focus

Ethereum faces renewed selling pressure as the Federal Reserve prepares to deliver its interest-rate decision on October 28. The price of ETH trades near $2,325 after slipping 12% to 14% in the past month, with institutional investors steadily reducing exposure through exchange-traded fund withdrawals. Over the weekend, Ethereum briefly dipped below $2,300, showing only a modest recovery afterward. Despite this rebound, ETH remains in a broader downward trend as traders monitor whether the Federal Reserve’s policy announcement and subsequent market guidance could prompt further declines.

Source: CoinTurk News