Ethereum Price Analysis October 8, 2026: ETH Falls Below $2,600 as ETF Outflows and BitMine Buying Concerns Grow
Photo: UseTheBitcoin
Key Takeaways Ethereum dropped below $2,600 on October 7 as geopolitical tensions, ETF outflows, and broader crypto selling pushed ETH toward $2,500. US spot Ethereum ETFs recorded six consecutive trading days of outflows, while BitMine Chairman Tom Lee outlined plans to end ETH accumulation at 5% of supply. ETH must defend $2,500-$2,560 to avoid a deeper correction, while reclaiming $2,680-$2,800 could reopen the path toward $3,000. Ethereum fell below $2,600 on October 7, extending its recent decline as selling pressure spread across the crypto market.
Source: UseTheBitcoin
