Ethereum holds $2,250 as ETF outflows reach $155.7 million in a week

Ethereum traded near $2,266 on Sunday after buyers stepped in following news of a major security incident at Binance. Despite recouping some earlier losses, ETH remained below its weekly high of $2,385 ahead of the weekly close. Traders closely monitored whether the cryptocurrency would maintain support at the $2,250 level as selling pressure persisted. Market attention this week has centered on continued withdrawals from US spot Ethereum exchange-traded funds. According to data from Farside Investors, these ETFs recorded net outflows of $155.7 million on October 30, marking five consecutive trading days of withdrawals.

Source: CoinTurk News